Today's news highlights:
Derlin Holdings plans to raise 653.3 million HKD, focusing on the development of blockchain, RWA, and virtual asset businesses
Hong Kong-listed Yisou Technology invested 5 million USD strategically in Lightnet to build an RWA ecosystem
Standard Chartered: Ethereum fund management companies are currently 'extremely valuable', superior to US spot ETH ETFs
Glassnode: The cost line for short-term BTC holders is at 106,000 USD; if it cannot break through the 116,900 USD resistance, it may drop to 110,000 USD
MetaMask has integrated the Sei blockchain, now supporting 11 chains
Orca DAO proposed to stake 55,000 SOL and initiate a two-year ORCA repurchase plan
An address suspected to belong to the founder of DFG liquidated ETH held for over two years, expected to profit 7.796 million USD
The UK blockchain project BOB has raised a total of 21 million USD, with participation from Amber Group and others
Macro
CME Fed Watch: The probability of the Federal Reserve cutting interest rates in September is 93.6%
According to CME's 'Fed Watch', the probability of the Federal Reserve maintaining interest rates in September is 6.4%, with a 93.6% chance of a 25 basis point rate cut. The probability of maintaining interest rates in October is 2%, with a cumulative 33.9% chance of a 25 basis point rate cut and a 64% chance of a 50 basis point cut.
Tornado Cash founder Roman Storm was convicted of operating an unlicensed money transfer business, but the jury could not reach a consensus on money laundering and sanctions charges
According to The Block, a Manhattan jury found Tornado Cash founder Roman Storm guilty of conspiracy to operate an unlicensed money transfer business, but could not reach a consensus on money laundering and sanctions charges. The DeFi Education Fund and other organizations stated they would continue to support Roman Storm. The DeFi Education Fund expressed disappointment that the jury did not recognize that Storm should not be held accountable 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's words, stating he would 'fight, fight, fight'.
Opinion
Glassnode: The cost line for short-term BTC holders is at 106,000 USD; if it cannot break through the 116,900 USD resistance, it may drop to 110,000 USD
According to Glassnode, the Bitcoin price has been continuously retreating since reaching a historical high of 123,000 USD in mid-July, currently falling below the lower limit of the 116,000 USD supply zone, with a low of 112,000 USD, entering a 'gap' area with low liquidity. The profit rate for short-term holders has dropped to about 70%, but the lack of significant demand may lead to weakened confidence, further intensifying selling pressure. Buying on dips has pushed the price back above 114,000 USD, but the supply in the 110,000 to 116,000 USD range is light, and the market may need more time to accumulate support. The cost line for short-term holders is at 106,000 USD, and the current price is still above this level, consistent with a normal adjustment phase in a bull market. Meanwhile, the funding rate in the main perpetual contract market has decreased, indicating weakened leverage interest. If the price cannot break through the 116,900 USD resistance, it may further decline to 110,000 USD.
Sentora: About 95% of Bitcoin addresses are in profit, with the 116,000 to 119,000 USD range likely to become resistance
According to Sentora (formerly IntoTheBlock) on-chain data analysis, Bitcoin's recent volatility has remained around 20%, showing a long-term downward trend, with no signs of compression in the short term, and the market is generally in a range-bound state. At the same time, the correlation between Bitcoin and traditional financial markets is gradually increasing, especially with the S&P 500, indicating that Bitcoin's sensitivity to macroeconomic conditions may be increasing. On-chain cost-wise, about 95% of Bitcoin addresses are in profit, but this has decreased from the historical high of 121,000 USD in July. Data shows that many holders purchased Bitcoin in the range of 116,000 to 119,000 USD and are currently in a loss, which may become a significant resistance for future price increases.
Standard Chartered: Ethereum fund management companies are currently 'extremely valuable' and superior to US spot ETH ETFs
According to The Block, Standard Chartered's global digital asset research director Geoffrey Kendrick stated that Ethereum fund management companies are currently 'extremely valuable' and more worthy of investment than US spot ETFs. Kendrick mentioned that the net asset value (NAV) multiple of Ethereum fund management companies (i.e., market capitalization divided by the value of held ETH) has now 'started to normalize', and is expected to remain above 1, making them more attractive than US spot ETH ETFs. He added that as the NAV multiple normalizes, Ethereum fund management companies will be better positioned to benefit from ETH price increases, staking rewards, and growth per share of ETH—unlike US spot ETH ETFs, which currently cannot stake or participate in DeFi. Kendrick pointed out that since June, Ethereum fund management companies have purchased 1.6% of all circulating ETH, which is comparable to the purchasing pace of Ethereum ETFs during the same period. This update was released in his report last week, where he predicted that Ethereum fund management companies' holdings could grow to 10% of all circulating ETH—equivalent to 10 times their holdings at that time.
Project dynamics
Binance: Hold at least 200 Binance Alpha points to claim an airdrop of 1,000 X tokens
According to the official announcement, Binance Alpha TaleX (X) trading will start on August 7 at 19:00 (UTC+8). After trading starts, users holding at least 200 Binance Alpha points can claim an airdrop of 1,000 X tokens, on a first-come, first-served basis. If the reward pool is not fully distributed, the points threshold will automatically decrease by 15 points per hour. Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim on the Alpha activity page within 24 hours, or it will be considered forfeited.
Binance Alpha and contracts will launch INFINIT (IN) today, with an airdrop threshold of 200 points
According to the official announcement, Binance Alpha and contracts will launch INFINIT (IN). Alpha trading opens: August 7, 17:00 (UTC+8). Contract trading opens: August 7, 18:30 (UTC+8). After trading begins, users holding at least 200 Binance Alpha points can claim an airdrop of 500 IN tokens. First come, first served, until the airdrop pool is depleted or the event ends.
Jupiter launched a customizable and RPC-free version of the Jupiter Plugin
Jupiter announced the launch of the Jupiter Plugin, an open-source, lightweight, plug-and-play version of Jupiter that allows users to seamlessly integrate end-to-end Swap functionality into applications with minimal effort by adding just a few lines of code. Its main features include: Seamless integration: Embed Jupiter's Swap functionality directly into applications without redirection. Multiple display options: Choose between integration, widget, or modal display modes. Customizable options: Configure the swap form to meet application needs. No RPC: Integrate the plugin without any RPC, with Ultra handling transaction sending, wallet balances, and token information. Ultra mode: Access all features of Ultra mode.
MetaMask has integrated the Sei blockchain, now supporting 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.
Orca DAO proposed to stake 55,000 SOL and initiate a two-year ORCA repurchase plan
The Solana liquidity protocol Orca's related Orca DAO proposed a new governance plan to stake up to approximately 55,000 SOL to Orca validation nodes and initiate a 24-month ORCA repurchase plan. The repurchased tokens can be destroyed, used for xORCA rewards, or allocated for ecosystem grants.
Important data
The Ethereum spot ETF had a net inflow of 35.1243 million USD yesterday, with only Grayscale's Ethereum mini-trust ETF experiencing a net outflow
According to SoSoValue data, yesterday (Eastern Time August 6) the total net inflow for Ethereum spot ETFs was 35.1243 million USD. The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock ETF ETHA, with a single-day net inflow of 33.3863 million USD, and the historical total net inflow for ETHA has reached 9.489 billion USD. The second highest was Grayscale's Ethereum trust ETF ETHE, with a single-day net inflow of 10.0442 million USD, and the historical total net outflow for ETHE has reached 4.353 billion USD. The Ethereum spot ETF with the highest single-day net outflow yesterday was Grayscale's Ethereum mini-trust ETF ETH, with a single-day net outflow of 8.6736 million USD, and the historical total net inflow for ETH has reached 1.1 billion USD. As of the time of writing, the total net asset value of Ethereum spot ETFs is 20.608 billion USD, with an ETF net asset ratio (market capitalization relative to total Ethereum market capitalization) reaching 4.7%, and the historical cumulative net inflow has reached 9.132 billion USD.
Bitcoin spot ETF had a net inflow of 91.5543 million USD yesterday, turning into net inflow after four consecutive days of outflow
According to SoSoValue data, yesterday (Eastern Time August 6) the total net inflow for Bitcoin spot ETFs was 91.5543 million USD. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of 41.9258 million USD, and the historical total net inflow for IBIT has reached 57.269 billion USD.
An address suspected to belong to the founder of DFG liquidated ETH held for over two years, expected to profit 7.796 million USD
According to @ai_9684xtpa monitoring, an address suspected of belonging to DFG founder James Wo has liquidated ETH held for over two years, expected to profit 7.796 million USD. The address 0x77C...F201a recharged 1,598 ETH to Binance six hours ago, and in the last two days, two addresses transferred a total of 3,634.2 ETH (about 13.29 million USD) to the exchange; this portion of ETH was acquired at an average price of 1,521.95 USD between February and March 2023. If sold, it would yield a profit of 7.796 million USD, with a return rate of 141%.
A certain whale/institution created a new wallet and increased its holdings by 11,062 ETH, having created 5 wallets in the past 3 days and increased holdings by over 500 million USD in ETH
According to Lookonchain monitoring, a mysterious whale/institution created a new wallet and obtained 11,062 ETH (40.74 million USD) from FalconX just an hour ago. In the past 3 days, the whale/institution created 5 wallets and obtained a total of 147,591 ETH (541.66 million USD) from FalconX, Galaxy Digital, and BitGo.
Financing
Infrastructure Blindpay completed 3.3 million USD seed round financing, with participation from Y Combinator and others
Stablecoin payment infrastructure Blindpay announced the completion of 3.3 million USD seed round financing, with investors including Y Combinator, 468 Capital, Bitso, Transpose VC, Acacia Venture Capital Partners, and angel investors Jawed Karim (YouTube co-founder), Raphael Dyxklay, and Caetano Lacerda (co-founder of Barte). The company is dedicated to building a better global payment infrastructure through stablecoins, providing tools for cross-border transfers, compliance management, and quick setup of virtual US accounts, all implemented through a developer-designed API. By 2025, Blindpay had processed over 125 million USD in transfers, with a monthly volume of 46 million USD in July.
The UK blockchain project BOB has raised a total of 21 million USD, with participation from Amber Group and others
The UK blockchain project BOB focuses on building a DeFi chain that combines Bitcoin and Ethereum, having raised a total of 21 million USD since December 2024. The latest round of financing was 9.5 million USD, attracting new investors such as Anchorage, Amber Group, and Sats Ventures, while existing supporters including Castle Island Ventures, Ledger, and RockawayX also participated.
Decentralized prediction market Bayes Market completed a 2 million USD strategic round of financing
According to Chainwire, the decentralized prediction market Bayes Market announced the completion of a 2 million USD strategic round of financing, with investments from Singapore's GreenVision Fund, Jkapital Ltd, and Bearcat. Bayes Labs is currently focused on the Asian market, and the new funds will be used to optimize the decentralized smart prediction participation framework and accelerate product development, regional expansion, and user growth.
AI-native ERP platform Rillet completed a 70 million USD Series B financing, led by A16z and ICONIQ
According to GlobeNewswire, AI-native ERP platform Rillet announced the completion of a 70 million USD Series B financing, led by Andreessen Horowitz and ICONIQ, with participation from Sequoia, OakHC/FT, making its total financing exceed 100 million USD within a year. Rillet, founded by former N26 executives, has served over 200 clients, doubling its ARR in the past 12 weeks, and collaborating with accounting firms like Armanino and Wiss, aiming to shorten the closing cycle to a few days with native integration and embedded AI.
SuperGaming raised 15 million USD in Series B financing from investors including A16z and Polygon, with a valuation reaching 100 million USD
According to Tech in Asia, game development company SuperGaming, based in Pune and Singapore, announced the completion of a 15 million USD Series B financing 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 USD. The new funds will be used for the international expansion of its game (Indus Battle Royale) and technology platform upgrades.
Institutional holdings
Japanese fashion brand ANAP increased its holdings by 82.33 BTC, raising its total holdings to 913.45 BTC
According to the official announcement, Japanese fashion brand ANAP purchased 82.33 BTC, currently holding a total of 913.45 BTC.
Hong Kong-listed Yisou Technology strategically invested 5 million USD in Lightnet to build an RWA ecosystem
According to the Hong Kong Stock Exchange announcement, Hong Kong-listed Yisou Technology announced a strategic investment of 5 million USD in Charoen Pokphand Group's financial technology company Lightnet, aiming to support its Web3 technology and cross-border payment business. In addition, Yisou Technology also announced plans to deepen its strategic layout in real-world assets (RWA).
Derlin Holdings plans to raise 653.3 million HKD, focusing on the development of blockchain, RWA, and virtual asset businesses
Derlin Holdings (01709.HK) announced that the company has entered into a placement and subscription agreement, raising approximately 653.3 million HKD. The proceeds will be used in various areas, including approximately 30% for strategic acquisitions and RWA tokenization program expansion, 15% for Bitcoin mining and reserve construction, 7% for applying for a virtual asset business license in Hong Kong and establishing an OTC trading network, 8% for the development of digital assets and cryptocurrency businesses, 10% investment in the US ONE Carmel residential project, 10% for IT upgrades, 10% for developing ETF and quantitative investment, and 10% to supplement working capital and support daily operations.
Crypto investment startup Parataxis will raise 640 million USD after merging with SilverBox Corp IV to support BTC purchases
According to The Block, crypto investment startup Parataxis Holdings will merge with SilverBox Corp IV SPAC, aiming to raise 640 million USD for a Bitcoin fund management company to be listed on the New York Stock Exchange (NYSE). After the merger is completed, the new company plans to be listed on the NYSE, trading under the ticker PRTX. Parataxis Holdings stated, 'This business combination will bring Parataxis Holdings up to approximately 240 million USD in funds, subject to the SBXD (SilverBox Corp IV SPAC) shareholder redemption provisions. This includes 31 million USD in equity, which will be immediately used to purchase Bitcoin.' Parataxis also stated that it 'has signed a share purchase agreement' allowing it to 'issue and sell up to 400 million USD in equity', and added that the post-merger initiatives 'could bring up to 640 million USD in total proceeds to support the execution and acceleration of BTC fund management strategy.' Previous reports indicated that crypto investment startup Parataxis Holdings plans to go public through a SPAC transaction.
TAO Synergies has accumulated 42,111 Bittensor (TAO) tokens
According to PRNewswire, TAO Synergies Inc. (Nasdaq: TAOX) announced that as of August 5, the company has accumulated 42,111 Bittensor (TAO) tokens through acquisitions and staking. The company is the world's first publicly listed digital asset treasury enterprise 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 yields.
Cosmos Health signed a financing agreement of up to 300 million USD to initiate an ETH treasury strategy
According to GlobeNewswire, Cosmos Health (Nasdaq: COSM) signed a securities purchase agreement with a US institutional investor to issue up to 300 million USD in senior convertible secured notes to implement the Ethereum (ETH) reserve strategy. The company must purchase ETH with more than 72.5% of the net proceeds from each financing, which will be custodied and participated in staking by BitGo, to enhance the 'per share ETH' metric. The remaining funds will be used for product development, business expansion, and US manufacturing base planning; the company also plans to explore additional revenue schemes to optimize ETH asset cash flow and usage.
Empery Digital purchased an additional 88 BTC, holding over 4,000 BTC
According to Business Wire, Nasdaq-listed Empery Digital has purchased an additional 87.62 BTC for 10 million USD after August 3, currently holding 4,000.85 BTC, with a total investment of approximately 470 million USD, at an average cost of 117,600 USD/BTC. At the same time, the company has launched the EmperyDigital.com treasury dashboard, disclosing real-time Bitcoin holdings and valuations, and reiterating its Bitcoin treasury strategy established on July 17.
ZOOZ completed the first round of private placement, raising 5 million USD, planning to use 95% of the funds to establish a Bitcoin reserve
According to GlobeNewswire, Nasdaq and Tel Aviv dual-listed company ZOOZ completed the first round of private placement financing of 5 million USD, with each share (or pre-paid warrant) priced at 2 USD, accompanied by two warrants with an exercise price of 3.06 USD per share. This round is the first phase of its total 180 million USD private placement; pending shareholder approval for the remaining financing, the company plans to use about 95% of the funds to establish a Bitcoin reserve, becoming the first dual-listed company to implement a long-term BTC treasury strategy.
