A whale bought 63,838 Ethereum through BitGo, with a total value of $232 million.
According to TechFlow, on-chain analyst Yu Jin detected on August 5th that a whale or institution created three new wallet addresses through BitGo's "Wallet Factory." They purchased 63,838 Ethereum from FalconX and Galaxy Digital, totaling approximately $232 million at an average price of $3,640.
Tether's net profit in the first half of 2025 reached US$5.7 billion, and USDT circulation exceeded US$157 billion.
According to TechFlow, Tether issued an additional 6 billion USDT in July of this year. Its Q2 2025 financial report shows that as of June 30, USDT circulation exceeded $157 billion, a $20 billion increase year-to-date.
The financial report shows that Tether holds a total of $127 billion in U.S. Treasury bonds, of which $105.5 billion is held directly and $21.3 billion is held indirectly, an increase of $8 billion from the first quarter. Net profit in the second quarter was $4.9 billion, and total profit in the first half of the year was $5.7 billion, of which $3.1 billion was recurring profit.
Binance is the first platform to feature Treehouse (TREE), with trading opening on July 29th, 2025, at 12:00 (UTC).
Eligible users can claim an airdrop of 100 TREE tokens on the Alpha Events page within 24 hours once trading begins by using Binance Alpha Points.
🌟 The Binance Alpha Airdrop will be distributed in two phases: Phase 1 (first 18 hours): Users with at least 233 Binance Alpha Points can claim the airdrop. Phase 2 (last 6 hours): Users with at least 200 Binance Alpha Points can participate in the airdrop on a first-come, first-served basis. If the rewards are not fully distributed, the score threshold will automatically decrease by 15 points every hour.
Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claims on the Alpha Events page within 24 hours, otherwise it will be deemed that users have given up claiming the airdrop.
Hong Kong Stablecoin License Will Adopt Invitation-Based Application System
According to Foresight News, sources reveal that the license application for Hong Kong stablecoin issuers will adopt an invitation-based application system. The Hong Kong Monetary Authority will communicate in advance with interested applicants to confirm whether they meet the basic application qualifications. Only after obtaining recognition in the pre-communication will the Monetary Authority issue the application form.