- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volumes and 24-Hour Price Changes:
- BTC: +1.82%
- ETH: +6.10%
- XRP: +9.89%
- SOL: +3.37%
- DOGE: +7.55%
- BNB: +1.69%
- SUI: +7.58%
- LTC: +2.82%
- ADA: +6.15%
- TRX: -0.18%
24-Hour Price Increase Rankings (Data Source: OKX):
- RUNECOIN: +52.88%
- BIO: +48.98%
- PENDLE: +25.84%
- OL: +20.41%
- FXS: +16.22%
- FOXY: +15.19%
- DUCK: +14.97%
- MERL: +14.73%
- XLM: +12.92%
- FLUID: +12.28%
- Top 5 On-Chain Memes (Data Source: GMGN):
- LILPEPE
- PIPI
- BTH
- JD.COM
- DEEPSEEK
- 24-Hour Trending Cryptocurrencies
BTH, a meme coin derived from the WIF prototype hat.
Headlines
U.S. President Trump: Appoints current Chair of the Council of Economic Advisers, Stephen Moore, to the recently vacated seat on the Federal Reserve Board, term until January 31, 2026.
U.S. President Trump officially signs an executive order allowing 401(k) investors to invest in cryptocurrencies and other alternative assets, reportedly with a market size of $12.5 trillion.
U.S. SEC vs. Ripple Case Finally Concludes, XRP Ultimately Ruled as Non-Security
The U.S. Securities and Exchange Commission (SEC) and Ripple have reached an agreement to jointly withdraw their appeal in the Second Circuit Court, marking the official conclusion of one of the most closely watched legal disputes in the crypto industry. According to the withdrawal documents, both parties will bear their own legal costs. The ruling made by Judge Analisa Torres in 2023 will become the final judgment: trading XRP on the secondary market does not constitute a securities transaction, but large sales to institutional investors are considered illegal securities offerings, resulting in a $125 million fine and a permanent injunction against future violations.
Ripple CEO Brad Garlinghouse stated that the company will completely end this legal dispute and focus on more important matters—building the "value internet."
OpenAI Officially Releases GPT-5
OpenAI announced on Thursday that it has launched its most advanced artificial intelligence model to date, GPT-5, a result of over two years of development, multiple setbacks, and delays. CEO Sam Altman stated in a conference call with reporters on Wednesday that using this new technology "really feels like talking to a PhD-level expert in a field." He emphasized that the model allows anyone to create software applications with just simple English prompts—a process often referred to as "vibe coding."
Industry News
Trump Signs Executive Order to Stop "De-Banking" of the Crypto Industry
Former U.S. President Trump signed an executive order on Thursday prohibiting federal regulators from blocking banks from providing services to the crypto industry on the grounds of "reputational risk." The White House stated that previous unfair practices have harmed public trust in the financial system and caused economic harm to law-abiding citizens. This move is seen as a significant step towards ending the "Chokepoint 2.0" initiative, which "cut off" banking services to the crypto industry. The Federal Reserve and other regulatory agencies have committed to no longer assessing client relationships based on "reputational risk." Several Republican lawmakers have expressed support for this move, stating that the executive order helps curb financial discrimination and restore regulatory transparency.
NASDAQ-listed company Fundamental Global Inc has submitted an S-3 registration statement to the U.S. Securities and Exchange Commission, planning to issue securities totaling up to $5 billion in multiple tranches. The company intends to use the majority of the net proceeds from this issuance of common stock to purchase ETH, with the remaining funds allocated for working capital needs, general corporate purposes, and operating expenses.
Previously, Fundamental Global announced it had completed a $200 million private placement, with participation from Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group (DCG), and Kenetic.
Project News
NASDAQ-Listed Company Oblong Discloses $8 Million Worth of Staked TAO
NASDAQ-listed Bittensor treasury company Oblong disclosed that it has staked TAO tokens worth $8 million. The company stated that by staking TAO tokens, Oblong can reinvest in the ecosystem, thereby enhancing innovation and aligning with its vision for the future of decentralized artificial intelligence.
Kraken Supports U.S. Users to Deposit USD via PayPal
Kraken announced that it now supports U.S. users to deposit USD via PayPal, eliminating the need for wire transfers, waiting, and bank logins. Users can recharge USD through their PayPal accounts and start trading with just a few clicks.
Chainlink Launches LINK Strategic Reserve Plan Chainlink Reserve
Chainlink announced the launch of Chainlink Reserve, a strategic on-chain reserve for LINK tokens, which plans to convert user fees from enterprise integrations and on-chain service fees into LINK tokens to support the long-term sustainable growth of the Chainlink network.
Chainlink co-founder Sergey Nazarov stated that the market demand for Chainlink has generated hundreds of millions in revenue for the project, most of which comes from large enterprises. The reserve has already accumulated LINK tokens worth over $1 million at the initial release and will continue to grow in the future.
Cipher Mining Q2 Financial Report: Holds Bitcoin Worth Approximately $112 Million
Cipher Mining Inc. (NASDAQ: CIFR) released its Q2 2025 financial report. The report shows that the company achieved revenue of $44 million in the second quarter, adjusted earnings of $30 million, and a net loss of $46 million. As of the end of Q2, the company holds Bitcoin worth $112 million.
Investment and Financing
Crypto derivatives trading platform Euphoria announced the completion of a $7.5 million seed round financing, led by Karatage, with participation from Figment Capital, Robot Ventures, Bankless Ventures, First Commit, Hash 3, Comfy Capital, and Kosmos Ventures. Euphoria is developing a mobile application aimed at simplifying cryptocurrency derivatives trading for everyday users, such as options and perpetual contracts, expected to launch its Tap trading product on the MegaETH mainnet later this year.
Scenius Capital Completes $20 Million Financing for Emerging Crypto Venture Fund
Scenius Capital co-founder and managing partner Ben Jacobs stated that the company has just completed a "slightly oversubscribed" $20 million financing, which will be used to invest in emerging crypto venture funds.
Ripple to Acquire Stablecoin Platform Rail for $200 Million
Ripple will acquire stablecoin platform Rail for $200 million, with the transaction expected to be completed in the fourth quarter of this year. Rail is a payment platform based in Toronto, backed by Galaxy Ventures and Accomplice.
Spanish Crypto Exchange Bit2Me Completes €30 Million Financing, Led by Tether
Spanish crypto exchange Bit2Me announced the completion of €30 million in financing, led by Tether's Tether Ventures. This funding will be used to support Bit2Me's expansion across the European Union and strengthen its operations in Latin America, particularly in Argentina. Previously, Bit2Me became the first Spanish-speaking crypto asset service provider (CASP) authorized by the Spanish National Securities Market Commission (CNMV) and complied with the EU's Markets in Crypto-Assets Regulation (MiCA). With the MiCA license, Bit2Me can legally operate in all 27 member states of the EU.
SharpLink Announces $200 Million Raised Through Stock Offering
SharpLink announced that it has raised $200 million through a stock offering at $19.50 per share, led by four global institutional investors. The new funds will be used to expand its Ethereum treasury.
Regulatory Trends
New York Financial Regulators Reach $48.5 Million Settlement with Paxos Trust
According to market news, New York financial regulators have reached a $48.5 million settlement with Paxos Trust. The settlement requires Paxos to pay a $26.5 million fine and invest an additional $22 million in its compliance program. An investigation found that Paxos failed to effectively monitor suspicious transactions involving Binance, resulting in approximately $1.6 billion in illicit funds flowing in and out of Binance between 2017 and 2022. Additionally, Paxos's customer due diligence and transaction monitoring procedures have long been inadequate, failing to timely identify and address high-risk accounts and behaviors.
Voices from the Industry
JPMorgan Analyst: Growth Rate of DeFi and Asset Tokenization Markets Remains Disappointing
JPMorgan analyst Nikolaos Panigirtzoglou stated in a recent research report that the growth rate of the DeFi and asset tokenization markets remains disappointing, noting that the recovery speed since the 2022 cryptocurrency winter has been slow. Currently, the total value locked (TVL) in DeFi is still below the peak in 2021, and most activities are still driven by crypto-native users and retail investors, with institutional adoption lagging behind. In the asset tokenization market, the scale of tokenized assets has reached $25 billion, with tokenized bonds at $8 billion, and the adoption rate of money market funds is also increasing. However, most projects remain small, lack liquidity, or are in experimental stages.
Galaxy CEO: Huge Funds Will Flow into BTC After Trump Allows Cryptocurrencies in 401(k) Plans
Galaxy CEO Mike Novogratz stated in an interview with CNBC that Trump will sign an executive order on Thursday allowing private equity, real estate, cryptocurrencies, and other alternative assets to be included in 401(k) retirement plans, which will bring "huge funds" to Bitcoin.
Metaplanet CEO: Company's BTC Value Per Share Has Increased 37 Times Compared to Last Year
Simon Gerovich, CEO of the Japanese listed company Metaplanet, stated on the X platform that the company's BTC value per share has increased 37 times compared to the same period last year. Metaplanet's mission is clear: to maximize the value of each BTC share in a responsible, sustainable, secure, and indefinite manner, under complete transparency.
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