WOO X Estimated $12 Million Hack
Cyber Alert warned that a security incident of approximately $12 million may have occurred at WOO X. Suspicious transactions were detected across BTC, ETH, BNB, and ARB networks. The WOO X team stated that they are currently investigating and withdrawals will be temporarily suspended until the investigation is completed.
TON Foundation Plans to Raise $400 Million for Treasury Strategy
Bloomberg reported that the TON Foundation and Kingsway Capital plan to raise $400 million for the Toncoin Treasury strategy.
JP Morgan: "$60 Billion Inflow into Cryptocurrency Market This Year"
JP Morgan announced that capital inflow into the cryptocurrency market this year reached $60 billion, increasing by about 50% since May. According to The Block, analysts cited factors such as US cryptocurrency legislation, cryptocurrency company IPOs, and growing interest in altcoins as reasons for the capital inflow.
Strategy Seeks $2 Billion Fundraising...Aimed at BTC Purchase
Bloomberg reported that Strategy is expanding its fundraising amount from $500 million to $2 billion for BTC purchase.
Celestia Foundation Buys All TIA from Polychain and Reallocates to New Investors
The Celestia (TIA) Foundation announced that it has purchased all TIA held by Polychain Capital and will reallocate to new investors. This month, the foundation bought 43,451,616.09 TIA ($62.5 million) from Polychain. To complete the transaction, Polychain will soon unstake all its TIA. The investor reallocation will proceed according to the unlock schedule, with the first unlock starting from August 16 and completing on November 14.
SOL Staking-Supported ETF Rewards Investors with JitoSOL
The Block reported that the SOL staking-supported ETF (ticker SSK) from US asset managers Rex Shares and Osprey Funds will provide JitoSOL from the Solana-based liquidity staking protocol Jito (JTO) as staking rewards. This means ETF holders will receive JitoSOL as staking rewards, which is the first such offering for US ETF investors.
Anchorage Digital Launches Stablecoin Issuance Platform
Bloomberg reported that the US crypto bank Anchorage Digital has launched a stablecoin issuance platform.
Injective Launches 'SBET' Tokenizing Sharplink's $1.3 Billion ETH
Crypto Briefing reported that Injective has launched SBET, tokenizing Sharplink Gaming's $1.3 billion ETH. SBET supports staking, real-time trading, and DeFi collateralization through Injective's iAssets framework.
Solana Reveals 2027 Roadmap
Coin Telegraph reported that Solana announced a roadmap detailing its strategy to make the Solana blockchain the fundamental layer of the global internet capital market (ICM) by 2027. The roadmap includes architectural improvements to market microstructure, BAM system, and P2P Piper network.
Kraken Prepares INK Airdrop...Integrating Existing Product Lines
The Block reported that Kraken is preparing for an airdrop and plans to integrate the INK token and Ink Layer 2 into its existing product lines. The INK token will be distributed through Kraken Drops (airdrop) program.
Kalshi Connects with Grok AI...Provides Odds Analysis
The Block reported that the decentralized prediction market Kalshi has completed integration with Elon Musk's Grok AI. As a result, Kalshi users can now check AI-based on-chain data, historical odds, and related breaking news before trading.
5 Billion BONK Burned
Bonk announced that it has burned 5 billion BONK. Previously, the Bonk-based coin issuance platform Letsbonk.fun stated that 1% of its total revenue would be used for buybacks in major token trading pairs within the BONK ecosystem. Buybacks are conducted weekly.
Two New Wallets Accumulating ETH
On-chain Lens reported that "new wallets are accumulating ETH. These new wallets received 87,275 ETH ($320 million) from Galaxy OTC and 16,472 ETH ($61.43 million) from Falcon X".
Coinbase Supports SKY, RONIN, MPLX Trading for New York Residents
Coinbase announced support for SKY, RONIN, and MPLX trading for New York residents.
Sui "Fully Supports High-Speed API Protocol gRPC Beta"
Sui stated, "Accessing blockchain data on Sui has become easier. We have started full beta support for the latest high-speed API protocol, gRPC. gRPC is the future of Sui data and will replace the basic full node API, JSON-RPC".
PENGU Whales Sell 2.4% of Circulating Supply in 24 Hours
Be In Crypto reported that PENGU whales sold 2.4% of the circulating supply in the past 24 hours. Last month, whales disposed of more than 14% of their holdings. PENGU exchange balance increased by 2.2% to 15.79 billion in 24 hours.
252,101,212 USDC Transferred... Binance โ Anonymous
According to Whale Alert, 252,101,212 USDC was transferred from a Binance address to an anonymous address. The amount is approximately $250 million.
Trump Meets Fed Chair, Wants Interest Rate Cut
Bloomberg reported that Donald Trump arrived at the Federal Reserve headquarters and told Jerome Powell, the Fed chair, that he wants the Fed to lower interest rates. Upon arrival, he questioned Powell about the $3.1 billion renovation cost of the headquarters, to which Powell reportedly shook his head. Trump then said, "Typically, I would fire a manager for a project that exceeds the budget".
Trump "Preparing to Visit Fed... Inspect Headquarters Construction Site"
The president stated he is preparing to personally inspect the $3.1 billion Fed headquarters renovation site. The White House had previously announced a visit to the Fed headquarters.
1 Billion USDT Newly Issued
According to Whale Alert, 1 billion USDT was newly issued from the Tether Treasury address.
1 Billion USDT Newly Issued
According to Whale Alert, 1 billion USDT was newly issued from the Tether Treasury address.
Analysis: "ETH Likely to Rise Further"
As ETH recovers to $3,600, Cointelegraph reported, citing analysts, that further rise is likely. The media analyzed, "Looking at the ETH/BTC exchange inflow ratio, Ethereum's selling pressure is relatively lower than Bitcoin's. ETH/BTC is likely to continue rising. The increase in ETH/BTC ETF holdings from 0.02 in May to 0.12 currently also supports the possibility of continued ETH rise. The first major resistance level is around $4,500."
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