24H Popular Cryptocurrencies and News | SEC Approves ETF Physical Redemption Mechanism, Currently Reviewing Ethereum ETF to Include Staking Mechanism (0729)

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  1. Popular Coins on CEX

CEX Trading Volume Top 10 and 24-Hour Price Change:

  1. ETH +1.78%
  2. BTC +0.45%
  3. TRX +5.38%
  4. ERA -5.01%
  5. XRP +1.07%
  6. SOL +0.44%
  7. BNB -0.91%
  8. DOGE +1.10%
  9. SUI -2.35%
  10. CFX +7.90%

24-Hour Price Increase Ranking (Data Source: OKX):

  1. SPK +16.06%

  2. ZBCN +15.03%

  3. PUMP +14.50%

  4. NAVX +13.13%

  5. J +9.22%

  6. MAJOR +8.88%

  7. RPL +7.83%

  8. VRA +7.58%

  9. BAT +6.85%

  10. ICE +6.69%

  11. 24-Hour Hot Search Coins

  • PUMP: PUMP is the utility token of the meme-coin launch platform Pump.fun on Solana, used for governance, launching new coins, and participating in ecological mechanisms like PumpSwap. The price has cumulatively dropped about 25% in the past 7 days.
  • CFX: CFX is the native token of the Conflux blockchain, which is a decentralized Layer-1 public chain that allows cross-border protocol interoperability and a consensus mechanism that combines PoW/PoS. It has increased by about 8% in the past 24 hours.

Headlines

US SEC is reviewing BlackRock's Ethereum ETF to include staking mechanism, delaying Grayscale's Litecoin ETF decision

The U.S. Securities and Exchange Commission (SEC) stated on Tuesday that it is reviewing BlackRock's application to introduce an Ethereum staking mechanism in its iShares Ethereum Trust and is seeking public comment on related rule changes. This change was submitted by Nasdaq, following similar applications from companies like 21 Shares and Grayscale. This move is seen as a sign of a more lenient regulatory attitude, as the SEC has begun reviewing a large number of crypto ETF proposals since Trump took office in January. Previously, during the Biden administration, the SEC approved spot Bitcoin and Ethereum ETFs but explicitly excluded staking features. On the same day, the SEC postponed its decision on Grayscale's Litecoin ETF application to October 10 and passed a rule adjustment allowing for "physical subscription and redemption" of ETFs, further signaling support.

US SEC approves physical redemption mechanism for Bitcoin and Ethereum ETFs

According to market news, the U.S. Securities and Exchange Commission (SEC) has officially approved the physical redemption mechanism for Bitcoin and Ethereum ETFs.

Linea announces token economic model, initial circulation about 22%, 9% for airdrop, 80% of revenue for buyback

Ethereum L2 network Linea announced its token economics for the LINEA token on July 29. LINEA is not a gas token; transactions on Linea use ETH to pay fees, and both ETH and LINEA undergo dual destruction through the L2 fee mechanism. The total token supply is 7.2 billion, with 85% allocated to the ecosystem and 15% to the Consensys treasury, which has a five-year lock-up period and no reserved shares for investors or employees. The core use of the token is to reward real usage, incentivize builders, and support Ethereum public goods. At TGE, about 1.58 billion tokens (approximately 22%) will be in circulation, covering early user airdrops, ecosystem incentives, and liquidity guidance.

Industry News

Foreign media: The White House is lobbying against a stock trading ban involving the president

According to AXIOS, the bill by Republican Senator Josh Hawley to ban stock trading by members of Congress is becoming a major dilemma for the Republican Party. Several insiders revealed that due to opposition from Homeland Security Committee Chairman Rand Paul, Hawley needs Democratic support to pass the committee vote scheduled for Wednesday. Therefore, Hawley agreed to include language that would also prohibit the president and vice president from certain investments, expanding the scope originally limited to members of Congress. Sources indicated that the White House's Office of Legislative Affairs began to push back after learning of this, lobbying against the stock trading ban.

White House delays CFTC chair nomination vote possibly due to Brian Quintenz still serving as Kalshi director

Crypto journalist Eleanor Terrett revealed that the White House has delayed advancing the CFTC chair nomination vote, possibly due to nominee Quintenz's team seeking to obtain CFTC confidential information related to competitors like Polymarket and PredictIt while he still serves as a director at Kalshi, raising concerns about conflicts of interest.

Project News

Ethereum 10th Anniversary Torch Commemorative NFT free minting is now open

The Ethereum Foundation announced that free minting of the Torch Commemorative NFT is now open, with minting ending on July 31 at 24:00 (UTC+8). Previously, Ethereum announced the launch of "The Torch" NFT to pay tribute to those who shaped its development and values in the first decade of Ethereum and to support the future construction of Ethereum. It is reported that this Torch NFT will be symbolically passed between wallets and will be destroyed to commemorate the 10th anniversary of Ethereum's establishment. Additionally, on July 30, everyone can mint a commemorative NFT.

Strategy buys another 21,021 Bitcoins, total holdings reach 628,791

Bitcoin treasury company Strategy, led by Michael Saylor, announced the purchase of another 21,021 Bitcoins at an average purchase price of approximately $117,300, bringing its total holdings to 628,791 Bitcoins, valued at approximately $74 billion at current market value. The funds for this purchase came from Strategy's fourth round of "Stretch" preferred stock (STRC) issuance, priced at $90 per share, raising approximately $2.521 billion, making it the largest IPO in the U.S. to date in 2025 and the largest perpetual preferred stock issuance in the U.S. stock market since 2009.

eToro plans to launch tokenized U.S. stocks on the Ethereum chain

Nasdaq-listed company eToro Group recently explained how it is developing products in its move towards a tokenized future during a global webinar. Co-founder and CEO Yoni Assia stated that the company will expand its current 24/5 trading products, which have already launched tokenized gold (GOLDX) and silver (SLVX), and will soon launch ERC 20 tokens for U.S. listed company stocks on the Ethereum chain.

Public company Bakkt plans to raise $75 million through stock offering to purchase Bitcoin and other digital assets

New York Stock Exchange-listed company Bakkt is publicly issuing Class A common stock and/or pre-funded warrants through an underwritten public offering, planning to issue 746,373 shares of Class A common stock (at $10 per share) and 6,753,627 shares, with total fundraising expected to be around $75 million. The company plans to use these funds to purchase Bitcoin and other digital assets, as well as for working capital and general corporate purposes.

NYSE-listed company Marti launches crypto treasury strategy, plans to allocate 20% of cash reserves to hold BTC

Turkish super app development company Marti Technologies, listed on the NYSE, announced the launch of a crypto treasury strategy, initially planning to allocate 20% of its cash reserves to hold BTC, with plans to increase this proportion to 50% and purchase other crypto assets, such as Ethereum and Solana.

Investment and Financing

U.S. listed company BTCS plans to raise $2 billion to expand ETH reserves

According to Cointelegraph, Nasdaq-listed company BTCS Inc. plans to raise up to $2 billion through at-the-market (ATM) offerings, convertible bonds, and warrants, with the proceeds intended to expand ETH reserves, working capital, and other general corporate purposes.

Kraken seeks about $500 million in funding, valued at $15 billion

Cryptocurrency exchange Kraken is seeking about $500 million in funding, with a valuation of $15 billion.

Bit Digital's AI infrastructure company Whitefiber seeks to raise $132.8 million through IPO

Cryptocurrency asset management company Bit Digital Inc.'s artificial intelligence infrastructure subsidiary Whitefiber Inc. is seeking to raise $132.8 million through an initial public offering (IPO). According to documents submitted to the U.S. SEC on Tuesday, the company plans to issue 7.8 million shares at a price of $15 to $17 per share. If priced at the upper limit of the range, Whitefiber's market capitalization will reach $592.6 million, with the IPO price expected to be determined in the week of August 4.

Shortwave Life Sciences completes £250,000 funding and plans to launch digital asset treasury strategy

Shortwave Life Sciences announced the completion of £250,000 in funding and will launch a digital asset treasury strategy. The company has appointed new board members and crypto advisors to drive this strategic transformation. This move marks Shortwave's official entry into the cryptocurrency asset space.

Voices

Dragonfly partner: The U.S. Department of Justice has clarified that it will not bring charges against Dragonfly and its employees

In response to reports that "the U.S. Department of Justice is considering charges against Dragonfly employees regarding the TornadoCash case," Dragonfly partner Haseeb posted again and shared court records stating: "Monday's court records show that the U.S. Department of Justice has clarified that media reports about their plans to sue Dragonfly are inaccurate, and neither Dragonfly nor any of its key personnel are subjects of their investigation… Dragonfly, as an investor, could face prosecution merely for supporting an open-source privacy technology, which is not only unprecedented but also clearly violates the Department of Justice's policies."

BlackRock: The U.S. GENIUS Act sets a framework for stablecoins, which may boost the dollar

BlackRock strategists stated that the new stablecoin regulations in the U.S. could enhance the competitiveness of the dollar. The recently signed Genius Act establishes a framework for stablecoins (cryptocurrencies pegged to the dollar), which will create a tokenized dollar system for global payments, thereby solidifying the dollar's dominance. Additionally, with the support of this act, emerging markets will find it easier to access dollars rather than relying on unstable local currencies.

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