Bitcoin
Zhu Yunlai, son of Zhu Rongji: Stablecoins are completely different from Bitcoin, and need to establish credibility through “prominence”
Zhu Yunlai, son of Zhu Rongji, former president and CEO of CICC and visiting professor of management practice at Tsinghua University, delivered a keynote speech at the fifth "China-Europe Intelligence Forum Beijing". In the context of the new era, the market demand for efficient and stable transaction media has become increasingly prominent, and the technical ideas of cryptocurrencies such as Bitcoin have also brought inspiration - people gradually realize that through the management model of combined tokens, better payment tools may be built. However, stablecoins in the current context are still far from "private currencies". A more realistic path may be issued by large-scale and highly transparent international institutions, and their operating algorithms must be publicly available - this is completely different from the anonymity of Bitcoin. Stablecoins need to establish credibility through "visibility", including clear disclosure of liquidation mechanisms, collateral asset composition or specific currency value management methods. Ultimately, the value of stablecoins needs to be tested by actual application effects: if they can continue to maintain stability and efficiency, they may gradually become part of the transaction basis of global consensus by relying on the market effect of "good money driving out bad money".
Canadian listed company Universal Digital acquires 10 Bitcoins for the first time
According to official announcements, Canadian listed company Universal Digital has acquired 10 bitcoins in its first treasury allocation. Earlier, Canadian listed company Universal Digital announced the launch of a bitcoin reserve strategy, planning to gradually reduce its existing altcoin holdings and convert them into bitcoin. The company has signed a non-binding memorandum of cooperation with GFA, a Tokyo-listed company in Japan, to jointly design a bitcoin reserve plan for Asian listed companies. According to the agreement, the two parties will explore building a bitcoin reserve model for Japanese listed companies, developing financing tools such as warrants for bitcoin acquisitions, and improving the digital asset custody framework.
Strategy has over $28 billion in unrealized profits on Bitcoin investments
According to Bitcoin Magazine, Strategy now has more than $28 billion in unrealized profits on Bitcoin investments.
Bitcoin's market value surpasses Amazon and rises to fifth place in global asset market value
According to 8marketcap data, Bitcoin's market value has once again surpassed Amazon, reaching 2.36 trillion US dollars, rising to fifth place in the world's mainstream assets.
Satoshi Nakamoto's net worth continues to rise, and the value of his Bitcoin holdings exceeds $129 billion
As Bitcoin broke through $118,000 today, setting a new all-time high, according to Akrham on-chain data, Satoshi Nakamoto holds approximately 1.096 million bitcoins, worth $129.38 billion.
Ethereum
Ethereum's market value exceeds SAP, and the global asset market value ranking rises to 35th
According to 8marketcap data, Ethereum's market value has risen to US$361.68 billion, surpassing SAP and ranking 35th in global asset market value.
Ethereum Foundation clarifies: The address that sold 1,210 ETH this morning does not belong to the Foundation, but to Argot Collective
Hsiao-Wei Wang, co-executive director of the Ethereum Foundation (EF), said in a post on X that the address that sold 1,210 ETH this morning did not belong to EF, but to Argot Collective, a non-profit development organization that was previously spun off from EF.
The Ethereum Foundation has transferred 21,000 ETH to associated addresses in the past two months
According to PeckShield monitoring, in the past two months, the Ethereum Foundation has transferred 21,000 ETH internally to its associated Gnosis Safe Proxy address 0xc061...0B6d. Subsequently, the address transferred 7,000 ETH to the address 0x247B...583c, and in the past 7 hours, 1,210 ETH were exchanged for 3.5 million USDC.
The Ethereum Foundation internally transferred 1,000 ETH to the associated address again
According to PeckShield monitoring, the Ethereum Foundation address has again internally transferred 1,000 ETH (about $2.55 million) to the associated address 0xc061...0B6d. The address currently holds 14,000 ETH, worth about $39 million.
BTCS, a US-listed company, raises its funding target to $225 million to increase its Ethereum holdings
BTCS Inc. (NASDAQ: BTCS), a company focused on blockchain technology, announced today that it has increased its funding target to $225 million to accelerate the company’s Ethereum accumulating strategy.
An Ethereum Foundation-related address sold 2,416 ETH in the past 24 hours
According to Onchain Lens, an Ethereum Foundation-related address exchanged 1,206.7 ETH for 3.61 million USDC. In the past 24 hours, the address sold 2,416.7 ETH at an average price of $2,941, with a total value of $7.106 million.
Nasdaq-listed BTC Digital plans to build $1 million in Ethereum reserves
BTC Digital (BTCT) announced the establishment of a $1 million Ethereum reserve. The company said that this marks the first step in its transformation from a pure computing power provider to an on-chain financial infrastructure participant. In the future, it will continue to increase its holdings of ETH based on market and network upgrade conditions.
Other Projects
Musk: Grok will launch some cooler features this weekend
Musk: Grok will launch some more cool features this weekend.
Robinhood officially launches ETH and SOL staking services for US users
Robinhood (HOOD.O) officially launched Ethereum (ETH) and Solana (SOL) staking services to US users.
Rumble and MoonPay reach cooperation and will launch a crypto wallet in Q3
Video sharing platform Rumble (NASDAQ: RUM) today announced a partnership with crypto payment infrastructure company MoonPay to jointly promote the transformation of creators' profit models in a decentralized world. Under the agreement, MoonPay will provide full cryptocurrency access support for Rumble Wallet, which is scheduled to be launched in the third quarter of 2025, enabling users to seamlessly buy, sell and exchange cryptocurrencies. At the same time, MoonPay's creative agency Otherlife will begin using Rumble Cloud for next-generation object storage and decentralized computing.
Trump’s social platform Truth Social launches utility token
Truth Social, a social media platform founded by US President Trump, announced that it will launch a utility token as part of its new loyalty rewards program, which is linked to its "Patriot Package" subscription service. According to the announcement, "Patriot Package" subscribers will accumulate "gems" on their Truth Social accounts based on their platform interaction, which will eventually be linked to utility tokens on the Truth Social and Truth+ platforms. The subscription service is currently in public beta and costs $9.99 per month, providing services such as 12 "premium, non-woke news channels", expanded video on demand content, and platform verification marks.
Stablecoin startup Agora completes $50 million Series A financing, led by Paradigm
Stablecoin startup Agora announced the completion of a $50 million Series A round led by Paradigm. The company completed a $12 million seed round last year. With this round of financing, Agora hopes to create its own stablecoin AUSD, a cryptocurrency pegged to an underlying asset such as the US dollar.
