A certain whale/institution created a new wallet and increased holdings by 11,062 ETH, having created 5 wallets and accumulated over $500 million in ETH over the past 3 days.
According to Lookonchain monitoring, a mysterious whale/institution created a new wallet and acquired 11,062 ETH ($40.74 million) from FalconX just an hour ago. In the past 3 days, this whale/institution has created 5 wallets and accumulated 147,591 ETH ($541.66 million) from FalconX, Galaxy Digital, and BitGo.
MetaMask has integrated the Sei blockchain, now supporting a total of 11 chains
MetaMask announced that it has integrated the Sei blockchain, bringing the total number of supported blockchains to 11. This integration will provide native support for the Sei network, allowing MetaMask users to seamlessly access Sei's decentralized application (dapp) ecosystem and Sei native assets within the wallet.
Crypto investment startup Parataxis will raise $640 million after merging with SilverBox Corp IV for BTC purchases
According to The Block, crypto investment startup Parataxis Holdings will merge with SilverBox Corp IV SPAC, aiming to raise $640 million for a Bitcoin fund management company that will be listed on the New York Stock Exchange (NYSE). After the merger, the new company plans to list on the NYSE under the ticker symbol PRTX. Parataxis Holdings stated: 'This business combination will bring Parataxis Holdings up to approximately $240 million in funding, subject to SBXD (SilverBox Corp IV SPAC) shareholder redemption provisions. This includes $31 million in equity, which will be immediately used to purchase Bitcoin.' Parataxis also stated that it has 'signed a stock purchase agreement' allowing it to 'issue and sell up to $400 million in equity', adding that the post-merger initiative 'could generate up to $640 million in total proceeds to support the execution and acceleration of BTC fund management strategy.' Previously, reports indicated that crypto investment startup Parataxis Holdings planned to go public through a SPAC transaction.
Standard Chartered: Ethereum fund management companies are currently 'highly investable', superior to U.S. spot ETH ETFs
According to The Block, Geoffrey Kendrick, Standard Chartered's global head of digital asset research, stated that Ethereum fund management companies are currently 'highly investable,' more so than U.S. spot ETFs. Kendrick mentioned that the net asset value (NAV) multiple of Ethereum fund management companies (i.e., market value divided by the value of held ETH) has now 'started to normalize', and is expected to remain above 1, making them more attractive than U.S. spot ETH ETFs. He added that as the NAV multiple normalizes, Ethereum fund management companies will be better positioned to benefit from rising ETH prices, staking rewards, and growth in per-share ETH—unlike U.S. spot ETH ETFs, which currently cannot stake or participate in DeFi. Kendrick noted that since June, Ethereum fund management companies have purchased 1.6% of all circulating ETH, comparable to the purchasing pace of ETH ETFs during the same period. This update was released in his report last week, during which he predicted that ETH held by fund management companies could grow to 10% of all circulating ETH—equivalent to 10 times their then-current holdings.
Tornado Cash founder Roman Storm was convicted of operating an unlicensed money remittance business, but the jury did not reach a unanimous decision on money laundering and sanction charges.
According to The Block, a Manhattan jury found Tornado Cash founder Roman Storm guilty of conspiracy to operate an unlicensed money remittance business, but failed to reach a unanimous decision on money laundering and sanction charges. The DeFi Education Fund and other organizations stated they will continue to support Roman Storm. The DeFi Education Fund expressed disappointment that the jury did not recognize that Storm should not be held responsible for the actions of third parties he could not control. The Blockchain Association urged Storm to appeal in a post on X. According to reporter Eleanor Terrett, Storm plans to contest the charge, calling it 'nonsense.' Terrett reported that Storm quoted President Donald Trump, stating he would 'fight, fight, fight.'
Trump states that the U.S. will impose approximately 100% tariffs on chips and semiconductors
According to CCTV News, on August 6 local time, U.S. President Trump stated that the U.S. will impose approximately 100% tariffs on chips and semiconductors. Trump stated that no fees will be charged if manufactured in the U.S.
Coinbase will launch the dYdX native asset COSMOSDYDX trading pair
According to Coinbase's announcement, the COSMOSDYDX-USD trading pair will go live at 9 AM Pacific Time on August 7, 2025, provided liquidity conditions are met. Users must transfer via the dYdX network; transfers via other networks will result in asset loss.
The Trump family-linked mining company American Bitcoin plans to go public on Nasdaq
According to The Block, Gryphon Digital Mining shareholders have begun voting on the merger plan with Hut 8 subsidiary American Bitcoin Corp. After the merger is completed, American Bitcoin will be listed on Nasdaq under the code 'ABTC'. The company was co-founded by Eric Trump and Donald Trump Jr., with Hut 8 holding 80% of the shares, and the Trump family holding about 20% through American Data Centers. American Bitcoin has raised $220 million through private placements for the purchase of Bitcoin and mining machines. After the merger, existing shareholders will retain about 98% of the new company's shares, with Eric Trump serving as Chief Strategy Officer.
The White House: Trump will impose an additional 25% tariff on Indian goods
The White House stated that Trump signed an executive order to impose an additional 25% tariff on goods from India in response to India's continued purchase of Russian oil. After the new tariffs from Trump on India, oil prices rose sharply, reaching intraday highs.
The White House: Apple will increase its U.S. investment commitment by $100 billion
The White House: Apple (AAPL.O) will launch a new U.S. manufacturing plan while increasing its U.S. investment commitment by $100 billion. Trump will make a statement about Apple today.
Kaito AI: The Billions public offering has landed on Capital Launchpad
Kaito AI stated on the X platform that the Billions public offering has landed on Capital Launchpad. The project is valued at $200 million, with a target fundraising amount exceeding $5 million; the token allocation arrangement allows for 75% unlocking at TGE, with the remaining 25% unlocking 12 months after TGE. The minimum subscription amount is $1,000, and the maximum is $100,000.
Clearing company Marex connects to JPMorgan's blockchain settlement system Kinexys
According to CoinDesk, clearing company Marex has partnered with Brevan Howard Digital to become the first clearing house to adopt JPMorgan's blockchain settlement platform Kinexys. Kinexys utilizes a programmable distributed ledger to achieve near real-time settlement 24/7, aimed at reducing settlement risk and simplifying payment infrastructure.
Orca DAO proposes to stake 55,000 SOL and initiate a 24-month ORCA buyback plan related to the Solana liquidity protocol. Orca DAO has proposed a new governance plan to stake up to approximately 55,000 SOL to Orca validator nodes and start a 24-month ORCA buyback plan. The repurchased tokens can be burned, used for xORCA rewards, or allocated to the ecosystem. TAO Synergies has accumulated a total of 42,111 Bittensor (TAO) tokens. According to PRNewswire, TAO Synergies Inc. (Nasdaq: TAOX) announced that as of August 5, the company has acquired a total of 42,111 Bittensor (TAO) tokens through acquisitions and staking. The company is the world's first listed digital asset treasury focused on the Bittensor network and its decentralized AI protocol, currently continuously increasing its holdings and actively participating in TAO network staking, aiming to enhance shareholder value through asset appreciation and staking income. AI-native ERP platform Rillet completes $70 million Series B financing, led by A16z and ICONIQ. According to GlobeNewswire, AI-native enterprise resource planning (ERP) platform Rillet announced the completion of a $70 million Series B financing, led by Andreessen Horowitz and ICONIQ, with participation from Sequoia, Oak HC/FT, and others, bringing its total financing to over $100 million within a year. Rillet was founded by former N26 executives and has served over 200 clients, doubling its ARR in the past 12 weeks, and is collaborating with accounting firms like Armanino and Wiss, aiming to shorten the closing cycle to a few days with native integration and embedded AI.
Ethereum's on-chain transaction volume reached $238 billion in July, the highest since December 2021
According to The Block, Ethereum's on-chain transaction volume reached $238 billion in July, a 70% month-over-month increase, the highest since December 2021; the network processed 46.67 million transactions, setting a monthly record, with 17.55 million active addresses, nearing historical peaks. The 7-day moving average shows daily transaction volume close to 1.66 million, near the May 2021 peak. The price of ETH rose to $3,700 at the end of the month, setting a multi-year high.
The options market for Bitcoin and Ethereum in August shows a bearish trend
According to The Block, Derive data shows that as the July Federal Reserve meeting maintained interest rates, market sentiment turned cautious, with traders showing a clear bearish bias in the options configuration for Bitcoin and Ethereum expiring in August, focusing demand on put options. Derive's research director Sean Dawson stated that the open interest of put options expiring on August 29 for Ethereum has exceeded that of call options by over 10%, primarily concentrated at strike prices of $3,200, $3,000, and $2,200. The bearish sentiment for Bitcoin is even more pronounced, with open interest in put options expiring on August 29 being nearly five times that of call options, mainly concentrated at strike prices of $95,000, $80,000, and $100,000, indicating that traders generally bet Bitcoin will fall below $100,000. Derive estimates a 25% chance that Ethereum will fall below $3,000 by the end of August, and an 18% chance that Bitcoin will fall back below $100,000.
SuperGaming raises $15 million in Series B funding from investors including A16z and Polygon, with a valuation of $100 million
According to Tech in Asia, SuperGaming, a game development company based in Pune and Singapore, announced the completion of $15 million in Series B funding, led by Skycatcher and Steadview Capital, with participation from A16z Speedrun, Bandai Namco 021 Fund, Neowiz, and Polygon Ventures. SuperGaming is currently valued at $100 million. The new funds will be used for the international expansion of its game (Indus Battle Royale) (the first stop is Latin America) and technology platform upgrades. The company has achieved 200 million downloads and is driving new technology layouts such as cloud multiplayer gaming backends and Web3 digital asset ownership through SuperPlatform.
