US Core CPI Hits Five-Month High
In July, US core CPI rose to 3.1% year-on-year, reaching its highest level in five months and exceeding market expectations of 3.0%. Core CPI rose 0.2% month-on-month, falling short of market expectations of 0.3%.
Bitcoin Depot Increases BTC Holdings in Second Quarter
Bitcoin Depot, a Bitcoin ATM operator listed on the Nasdaq, reported a 6% year-over-year increase in revenue to $172.1 million for the second quarter of 2025. The company spent $600,000 to purchase six Bitcoins during this period, increasing its total BTC holdings to 100.35. As of June 30, 2025, the total value of cash, cash equivalents, and crypto assets was $59.6 million.
Vitalik Buterin on Decision-Making Balance
Ethereum co-founder Vitalik Buterin evaluated “idea-driven” and “data-driven” decision-making models in his latest article. Buterin noted that ideas not only influence individual thought but also community coordination, but that excessive rigidity can lead to deviation from the original purpose. He argued that the most efficient outcome can be achieved through “idea selection supported by data” and an approach based on “principles rather than ideology.”
MANTRA Chain Testnet Achieves EVM Compatibility
MANTRA announced that its testnet has achieved full EVM compatibility, making it the first MultiVM Layer 1 blockchain designed for real-world assets. The mainnet launch is planned for September. The platform will expand its ecosystem with new dApps and partners from the fourth quarter of 2025 to the first quarter of 2026, followed by the launch of a yield token backed by real-world assets.
Circle’s USDC Circulation Increased by 90% Year-on-Year
Circle (CRCL), which trades on the NYSE, announced that USDC circulation increased by 90% year-over-year to $61.3 billion in the second quarter of 2025. Total revenue and reserve revenue rose 53% to $658 million, while the company reported a net loss of $482 million. The majority of the loss was attributable to non-cash expenses related to the IPO; the company also announced new partnerships and plans for a Layer-1 stablecoin network called Arc.
Extended Derivatives Exchange Now Live on Starknet
According to The Block, Extended, a decentralized futures exchange founded by former Revolut employees, has gone live on the Starknet mainnet. The platform offers over 50 trading pairs and up to 100x leverage. With an average daily trading volume of $319 million and a 70% annual return over the past 30 days, Extended is moving to Starknet in a three-phase transition process.
USDC Treasury prints $500 million on Solana
According to Whale Alert data, the USDC Treasury minted a total of 500 million dollars worth of new USDC in two transactions on the Solana network at 18:55 and 18:56 Beijing time. Each transaction amounted to 250 million USDC. This minting could lead to an increase in liquidity in the Solana ecosystem in the short term.
