Trump: New Fed Governor to be Announced This Week, May Replace Powell
Trump announced that he will name a new Fed member this week to replace Adriana Kugler, who resigned before her term ended. This gives Trump the opportunity to appoint a member who is more favorable to interest rate cuts earlier than expected. The newly appointed member is rumored to be a potential successor to Powell, whose term ends in May 2026.
Vaultz Capital Purchased 47.85 BTC More
UK-based public digital asset company Vaultz Capital purchased 47.85 BTC more, bringing its total Bitcoin reserves to 117.85 BTC.
100 Publicly Traded Companies Worldwide Hold Over 955,000 Bitcoin
According to data from the 100 largest publicly traded companies hold a total of 955,526 BTC, which is equivalent to approximately 4.55% of the circulating supply. MicroStrategy leads the list with 628,791 BTC, followed by Marathon Digital with 50,000 BTC and newcomer XXI with 43,514 BTC.
China’s Ministry of State Security: Foreign Company Collecting Iris Data Under the Pretext of Crypto Tokens
The Chinese State Security Ministry announced that a foreign company is collecting iris data from users worldwide under the pretext of issuing crypto tokens, and that this data is being transferred abroad, posing a threat to national security. This development highlights how biometric data has become a threat in the digital age.
SEC Chairman’s “Project Crypto” Speech Highlights 3 Opportunities
According to Cointelegraph, Bitwise CIO Matt Hougan highlighted three key investment opportunities in SEC Chair Paul Atkins’ speech: Ethereum/Layer 1 chains, super apps like Coinbase, and DeFi protocols. Hougan noted that this strategy has not yet been fully priced by the market.
Jupiter Lend Launch Begins, Offering Up to 95% Leverage Loans and Low Liquidation Fees
Solana-based DEX Jupiter announced that it will gradually launch its new lending protocol, Jupiter Lend. Starting today, a beta version will be available to invited users. The official launch is scheduled for late August and will offer high-leverage loans, low liquidation penalties, multiple vault options, and high annual yield rates.
Smarter Web Raises $21 Million with Bitcoin-Backed Bonds
Publicly traded technology company Smarter Web has announced its interest-free borrowing program, “Smarter Convert.” The entire convertible bond, denominated in Bitcoin, was purchased by institutional investor TOBAM.
Rumble Wallet Coming Soon
Rumble CEO Chris Pavlovski announced that the Rumble Wallet, developed in collaboration with Tether and Moonpay, will be launched soon.
Cumberland and Abraxas Capital Accumulated Over 44,000 ETH
According to Data Nerd data, Cumberland withdrew 36,918 ETH (approximately $132.8 million) from Coinbase, while Abraxas Capital acquired an additional 7,191 ETH (approximately $25.9 million) from Binance.
SEC: Liquidity Staking Activities May Not Qualify as Securities
The SEC has stated that certain liquidity staking activities may not qualify as securities. Platforms like Lido, JitoSOL, and Stakewise could benefit from this guidance. This announcement also increases the likelihood of staking mechanisms being added to Ethereum ETFs.
Bhutan Government Transfers 517 BTC to a New Wallet
According to on-chain data, 517 BTC (approximately $59.23 million) was transferred from an official Bhutan wallet to a new address. The wallet is believed to be a Binance address.
Galaxy Digital Reports $30.7 Million Net Profit in Q2
Galaxy reported a net profit of $30.7 million and adjusted EBITDA of $211 million for the second quarter. The company, which officially listed on the Nasdaq on May 16, continues its growth with plans to sell 80,000 BTC, expand data center capacity, and reach a total capacity of 3.5 GW.
Bitcoin Spot ETFs See Net Outflows for the 4th Consecutive Day, with $196 Million on the Last Day
Ethereum spot ETFs saw a net inflow of $73.22 million on the same day. The largest inflow went to Blackrock’s ETHA ETF, which received $88.77 million in a single day. The ETHV ETF also saw an inflow of $5.2 million.
