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According to Cointelegraph, Sharplink, a prominent public company with substantial Ether holdings, has appointed Joseph Chalom, a former senior executive at BlackRock, as its new co-CEO. This strategic move comes as the corporate race to expand Ether treasuries intensifies. Chalom, who officially joined Sharplink on July 24, will be tasked with developing and implementing the company's global strategy in public markets and Ethereum-based digital infrastructure.Chalom's transition to Sharplink coincides with BlackRock's iShares Ethereum Trust (ETHA) achieving a significant milestone, becoming the third fastest exchange-traded fund (ETF) in history to surpass $10 billion in assets. BlackRock, recognized as the largest crypto ETF provider globally, manages $95.7 billion in crypto assets. Chalom's extensive experience at BlackRock, where he served as managing director and head of strategic ecosystem partnership, involved overseeing digital assets, index and data relationships, and investments. His LinkedIn profile highlights his role in shaping BlackRock's strategy concerning digital assets.Sharplink's announcement also noted Chalom's involvement in BlackRock's ETHA launch in July 2024. Additionally, Chalom has held board positions at Securitize, a tokenized asset platform, and ClarityAI, an AI-based data analytics platform. Chalom expressed enthusiasm for Sharplink's strategic alignment with the Ethereum ecosystem, emphasizing its innovative approach to digital assets and financial technologies.The announcement from Sharplink follows closely on the heels of BitMine Immersion Technologies' disclosure of a significant Ether acquisition. BitMine, a Bitcoin mining firm, revealed plans to establish an Ethereum treasury on June 30 and recently purchased 566,776 ETH, valued at over $2 billion. This acquisition surpasses Sharplink's total Ether holdings of 360,807 ETH, which were announced as part of a $259 million ETH purchase last week.In addition to Chalom's appointment, Sharplink has enlisted Ethereum co-founder Joseph Lubin as board chairman, further solidifying its commitment to Ethereum-based initiatives. In response, BitMine appointed Tom Lee, Fundstrat founder and prominent crypto advocate, as board chairman in June. These developments underscore the competitive landscape as companies vie for dominance in the Ethereum treasury space.

According to BlockBeats, the Hong Kong Monetary Authority is set to release a summary of rules for stablecoin issuers next week. This move is part of the ongoing efforts to regulate the digital currency market and ensure financial stability. The guidelines are expected to provide clarity on the issuance and management of stablecoins, which are digital currencies pegged to traditional assets. This development comes amid increasing global scrutiny of digital currencies and their impact on financial systems.

According to PANews, Castle Securities has indicated that the U.S. Securities and Exchange Commission (SEC) is likely to adopt a cautious stance towards tokenization. The regulatory body is expected to favor the establishment of formal rules governing tokenized assets.

According to Foresight News, OpenAI founder Sam Altman announced on social media that the company aims to deploy over one million GPUs by the end of this year. Altman expressed pride in his team but emphasized the need to increase this number significantly, suggesting a goal of multiplying it by 100.

Binance Alpha has added TRON-based APENFT (NFT), marking the first TRON ecosystem project to enter the Alpha zone with USDT and USDC trading pairs.Binance Alpha Adds APENFT (NFT), Marking First TRON Ecosystem Listing on Alpha ZoneBinance Alpha has officially listed APENFT (NFT), a core project from the TRON ecosystem, making it the first TRON-based token to enter the Binance Alpha zone. Trading is now live for NFT/USDT and NFT/USDC pairs.

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has clarified that certain Proof of Stake (PoS) activities do not constitute securities trading. This follows a previous statement from the SEC regarding its position on Proof of Work (PoW) mining activities, indicating that these do not involve offers and sales of securities.

The SEC has stated that participants in mining activities are not required to register transactions with the commission under the Securities Act. Furthermore, these activities do not fall within the registration exemptions outlined by the Securities Act related to mining activities.