PA Daily | xTAO holds $16 million in TAO, becoming the largest publicly-held company in Bittensor; Xinglu Technology completes nearly $10 million in Series A funding, with participation from Solana Foundation and others.

Today's News Highlights:

The listed company xTAO holds 16 million USD in TAO, becoming the largest publicly traded holder of Bittensor.

The Ether Machine purchased nearly 15,000 ETH, with $407 million in funds still available.

SharpLink Gaming today purchased an additional 11,259 ETH, bringing its total holdings to 449,000.

CBOE submits universal listing standards for cryptocurrency asset ETPs, with SOL and XRP ETP expected to launch in Q4.

Xinglu Technology completes nearly $10 million Series A financing, with participation from Solana Foundation and others.

Kaia's native USDT is available at tourist spots in South Korea, where visitors can exchange cash at stablecoin ATMs.

In September 2020, smart money that built a position in ETH is suspected of selling more than 11,000 ETH in the past two weeks, with a cost basis as low as $906.5.

NFT sales in July reached $574 million, making it the second highest of the year.

Coinbase will list ResearchCoin (RSC) and Bio Protocol (BIO)

Macroeconomics/Policy

The regulatory guidelines for licensed stablecoins in Hong Kong require issuers to strengthen VPN risk management.

According to the "Regulatory Guidelines for Licensed Stablecoin Issuers" recently published by the Hong Kong Monetary Authority, the guidelines (customer account opening and management section) require licensees to implement effective measures to prevent customers from disguising their true location through virtual private networks (VPNs) during identity verification and daily operations. Specific measures include reviewing network protocols, device configurations, and comparing the server addresses of VPN service providers, among others, to enhance the detection and management of VPN usage.

The Bank of Japan maintains its interest rate at 0.5%, in line with market expectations.

The Bank of Japan maintained its benchmark interest rate at 0.5%, remaining unchanged for the fourth consecutive meeting, in line with market expectations.

CBOE submits general listing standards for cryptocurrency asset ETPs, with SOL and XRP ETP expected to launch in Q4.

Greg Xethalis, General Counsel of lticoin Capital, stated on platform X that CBOE has submitted a universal listing standard application for cryptocurrency asset ETPs, with the New York Stock Exchange and Nasdaq expected to follow suit soon. The new rules allow cryptocurrency asset ETPs, whose underlying contracts have been listed on designated contract markets for at least six months, to be listed on exchanges, while also supporting staking operations. The Solana ETP is expected to be approved by October 10 at the latest, while the XRP ETP will take a bit longer, with both expected to launch in the fourth quarter. Bloomberg ETF analyst Eric Balchunas retweeted that the U.S. Securities and Exchange Commission (SEC) has approved new exchange filings, releasing “listing standards” for cryptocurrency ETPs (exchange-traded products). Any tokens tracked by futures on the Coinbase derivatives exchange for over six months will be approved, involving about a dozen mainstream cryptocurrencies. Tokens without futures or those belonging to emerging meme coins will need to go through other regulatory processes. The market expects related approval times to be between September and October.

Cboe BZX and NYSE Arca proposed to the SEC to simplify the approval process for cryptocurrency ETFs.

According to The Block, the Cboe BZX Exchange and NYSE Arca have submitted a new rule proposal to the U.S. Securities and Exchange Commission (SEC) suggesting the establishment of a universal cryptocurrency ETF listing standard to expedite the approval process for related products. Currently, exchanges are required to submit a 19b-4 form, with the approval process taking up to 240 days. If the new proposal is approved, compliant crypto ETFs will not need to apply separately, potentially significantly shortening the listing time. According to a Cboe spokesperson, the SEC could make a decision as soon as 21 days. NYSE Arca has also submitted a similar rule change application to enhance market efficiency and promote competition.

The widow of famous American country singer George Jones has fallen victim to an XRP scam, losing as much as $17 million.

According to FinanceFeeds, Nancy Jones, the widow of the late American country singer George Jones, lost approximately $17 million in a cryptocurrency scam involving XRP. The case took place in Tennessee, where Nancy's ex-boyfriend Kirk West is accused of using his access to Nancy's property to steal over $400,000 in cash and a Ledger wallet containing more than 5.5 million XRP tokens. Some of the stolen assets have been recovered, but around $1.5 million worth of cryptocurrency remains missing.

Trump announces trade agreement with South Korea: 15% tariff + providing $350 billion investment

US President Trump announced on social media that the United States has agreed to a comprehensive and complete trade agreement with South Korea. The agreement states that South Korea will pay the United States $350 billion for investment projects owned and controlled by the US, which I will personally select as President. In addition, South Korea will purchase $100 billion in liquefied natural gas (LNG) or other energy products, and South Korea has also agreed to invest a large sum of money for its investment purposes. This amount will be announced during South Korean President Lee Jae-myung's visit to the White House in the next two weeks. Both sides also agreed that South Korea will fully open trade with the United States and accept US products, including automobiles and trucks, agriculture, and more. We agreed to impose a 15% tariff on South Korea. The United States will not be subject to tariffs.

Invesco Galaxy submitted a spot ETF listing application for Solana to Cboe.

According to documents from the Cboe BZX exchange, Invesco Galaxy has submitted an application to the U.S. Cboe BZX exchange to list and trade the Invesco Galaxy Solana ETF (spot SOL fund). This fund will track the performance of the spot price of Solana (SOL) and will operate in the form of a trust, aiming to provide U.S. investors with a regulated and transparent channel for SOL investment. The documents indicate that the fund's assets will only include SOL, cash, and equivalents, and it allows for some SOL to be staked on-chain for rewards. The application is currently awaiting approval from the U.S. Securities and Exchange Commission (SEC).

opinion

CryptoQuant: BTC spot trading below $10,000 has increased by 9.7% in the past 30 days, with a rebound in retail demand.

According to CryptoQuant analysis, after Bitcoin's price broke the historical high of around $120,000, the activity in the altcoin market significantly increased. Ethereum's price rose by 170% from recent lows, now just about 23% away from its historical high of $4,871. SharpLink recently invested $1.3 billion to hold 438,190 ETH, sparking a market frenzy. The trading volume of altcoins and Ethereum futures reached $223.6 billion, setting a new five-month high, accounting for 83% of the total futures trading volume, while Bitcoin only...

Project Updates

Binance Alpha Points Phase 1 exceeds 228 can claim 500 NAORIS token airdrop

Binance Alpha becomes the first platform to launch the Naoris Protocol (NAORIS). Alpha trading will start at 20:00 Beijing time on July 31, and Binance contract trading will begin at 20:30. Eligible users can claim 500 NAORIS tokens airdrop using Alpha points on the Alpha event page within 24 hours after trading begins. The airdrop will be conducted in two phases: Phase 1 (first 18 hours) requires at least 228 points, and Phase 2 (last 6 hours) requires at least 200 points, distributed on a first-come, first-served basis. If the rewards are not fully distributed, the hourly points threshold will automatically decrease by 15 points.

Kaia's native USDT has landed in tourist spots in South Korea, allowing visitors to exchange cash at stablecoin ATMs.

Some tourist and retail locations in South Korea have launched stablecoin ATMs that support the exchange of USDT for cash, available only to tourists holding foreign passports. These ATMs are operated jointly by South Korean blockchain company DaWinKS and the Kaia DLT Foundation, supporting USDT issued by Kaia. Users can withdraw funds in 85 fiat currencies or load them onto local transport cards. Although local residents cannot use them, this move reflects South Korea's gradual acceptance of digital asset payments. Currently, South Korea's regulatory framework for stablecoins has not been unified, and the ruling and opposition parties are discussing related legislation. The "Digital Asset Basic Law" proposal promoted by President Lee Jae-myung will allow eligible companies to issue stablecoins pegged to the Korean Won to control capital outflow.

Binance: Users with at least 200 Alpha points can receive an airdrop of 1600 PLAY tokens.

Binance stated that users with at least 200 Binance Alpha Points can claim an airdrop of 1600 PLAY tokens on a first-come, first-served basis. If the rewards are not fully distributed, the point threshold will automatically decrease by 15 points every hour. Claiming the airdrop will consume 15 Alpha Points, and users must confirm the claim on the Alpha Events page within 24 hours, otherwise it will be considered as a waiver.

Binance Alpha will launch OLAXBT (AIO) on August 2.

Binance Alpha will launch OLAXBT (AIO) on August 2nd. Eligible users can claim the airdrop using Binance Alpha points on the Alpha Events page after trading starts. More details will be announced soon.

DoubleZero launches a 3 million SOL staking pool and introduces the staking token dzSOL.

Fiber network provider DoubleZero has announced the establishment of a 3 million SOL staking pool aimed at accelerating the growth and performance of validators within the Solana ecosystem. This staking pool will support early participants in the DoubleZero testnet and lay the groundwork for the global decentralization of the mainnet-beta this fall. In the first phase, staking will be allocated to Solana validators active on the DoubleZero testnet, with plans to further support geographically diverse validator expansion after the mainnet-beta launch. DoubleZero co-founder Austin Federa stated that this move helps to broaden market access, enhance the fairness and resilience of the blockchain network, and prevent dominance or interference from a single region on the network. Currently, the DoubleZero testnet is connected to 142 nodes, accounting for 3.29% of the total staking volume on Solana. Additionally, DoubleZero has launched a token, dzSOL, representing network delegated staking. Related reading: A quick overview of DoubleZero: How to build a new internet using cables?

Coinbase will list Bio Protocol (BIO)

According to Coinbase Assets, Coinbase will launch Bio Protocol (BIO) on the Ethereum network (ERC-20). Transfers of this asset are now open in regions where trading on Coinbase and Coinbase Exchange is supported. If liquidity conditions are met, the BIO-USD trading pair will be gradually launched after 9 AM Pacific Time on July 31, with some regions possibly having restrictions.

Coinbase will list ResearchCoin (RSC)

According to Coinbase Assets, Coinbase will launch ResearchCoin (RSC) on the Base network. Transfers of this asset have been opened in regions where trading is supported by Coinbase and Coinbase Exchange. If liquidity conditions are met, the RSC-USD trading pair will be gradually launched after 9 AM Pacific Time on July 31, with some regions possibly having restrictions. In addition, ResearchCoin is an independent research organization and is not affiliated with Coinbase.

important data

In September 2020, smart money that built a position in ETH is suspected of selling over 11,000 ETH in the past two weeks, with a cost basis as low as $906.5.

According to monitoring by ai_9684xtpa, the address 0x306...6Ab84 is suspected of selling 11,185 ETH recently, with an acquisition cost as low as $906.5. If sold, it would yield a profit of approximately $31.35 million. This address deposited 5,000 ETH worth $19.21 million to Binance 6 hours ago and initiated a redemption request for 6,383.53 ETH to Lido. This month, the address has made large deposits to exchanges twice, the last being a deposit of 6,185 ETH (approximately $22.28 million) two weeks ago. The address accumulated 39,546.52 ETH at an average price of $906.5 from September 2020 to February 2025, and currently holds 10,513.14 ETH.

NFT sales in July reached $574 million, marking the second highest this year.

According to data from CryptoSlam, NFT sales in July reached $574 million, a month-on-month increase of 47.6%, marking the second highest of the year 2025, only behind January's $679 million. Although the number of transactions decreased from 5.5 million to 5 million, a drop of 9%, the average sales price rose to $113.08, the highest in six months. The number of independent buyers fell by 17% to 713,085, while the number of sellers increased by 9% to 405,505, indicating a trend of buyer concentration, with the average transaction amount rising. The total market value of the NFT market has exceeded $8 billion, a 21% increase compared to $6.6 billion on July 24. The Ethereum chain continues to dominate the NFT market, with sales of $275 million in July, a month-on-month increase of 56%. Among them, CryptoPunks topped the list with a trading volume of $69.2 million, followed closely by Pudgy Penguins and Polygon's Courtyard NFTs at $55.5 million and $23.8 million, respectively. The floor price of Pudgy Penguins increased by 65.44%, outperforming other blue-chip collections such as BAYC and MAYC. Furthermore, Cardano chain NFT sales grew by 102%, showing the most impressive performance, while sales on Polygon and BNB chains decreased by 51.1% and 54%, respectively.

5 wallets from the Satoshi era transfer 250 bitcoins after 15.3 years.

According to Onchain Lens, five wallets from the Satoshi Nakamoto era, which had been dormant for 15.3 years and are suspected to be owned by the same person, recently transferred 250 bitcoins (approximately $29.64 million) into two new wallets.

In the past 30 days, Ethena's TVL surged by 50%, reaching 8.5 billion USD.

According to Defillama, the total value locked (TVL) of Ethena surged by 50% in the past 30 days, breaking its all-time high and reaching 8.5 billion USD, setting a record for the fastest growth in the project's history.

A new address has been continuously accumulating Ether, absorbing over 110,000 ETH in 6 days.

According to Ai Yi's report, another address with an unclear ownership, 0x286…2aEa4, has been continuously accumulating ETH recently. In the past 6 days, this address has withdrawn a total of 113,028.97 ETH from FalconX, with a total value of 424 million dollars calculated at an average price of 3752 dollars, and currently has an unrealized profit of about 12.044 million dollars.

FTX/Alameda wallet just staked over 20,000 ETH to Ethereum PoS

According to Yu Jin's report, 10 minutes ago, a wallet from FTX/Alameda Research deposited 20,736 ETH (approximately $78.96 million) into Ethereum PoS for staking.

A giant whale address has received nearly 32,900 ETH from FalconX again, with a total holding amount exceeding 430 million USD.

According to Onchain Lens, a whale or institutional address has received 32,855 ETH from FalconX again, worth about $124 million. The wallet currently holds a total of 113,029 ETH, with a total value of about $430 million.

Financing/Merger

Starry Road Technology has completed nearly $10 million in Series A financing, with investment from Solana Foundation and others.

Fosun's digital wealth management platform, Fosun Wealth International Holdings Limited, along with its independently incubated Xinglu Financial Technology Holdings Limited, announced that Xinglu Technology has completed nearly ten million dollars in Series A financing, with investors including the Solana Foundation and other Web3 industry organizations and wealth management companies. It is reported that Fosun Wealth International Holdings, under Fosun International, has recently registered trademarks in Hong Kong, including "Fosun International Crypto," "Fosun Wealth RWA," and "Xing Coin," indicating that Fosun International will strengthen its involvement in the cryptocurrency and virtual asset industry.

Web3 role-playing game Aria completes $5 million funding

The Web3 role-playing game Aria (ARIA) announced that it has successfully raised $5 million in its latest round of financing. This round was led by Folious Ventures, The Spartan Group, and Beam FDN, with participation from Animoca Brands, Galaxy, and others.

Institutional Holdings

SharpLink Gaming purchased another 11,259 ETH today, bringing its total holdings to 449,000 ETH.

According to Yu Jin monitoring, SharpLink Gaming has spent another $43.09 million today to purchase 11,259 ETH after spending $290 million last weekend to acquire 77,000 ETH, with an average purchase price of approximately $3,827. Since adopting a micro-strategy model to accumulate ETH in early June, SharpLink Gaming has accumulated a total of 449,000 ETH, with a total value of $1.74 billion and an average price of approximately $3,011, currently showing an unrealized profit of about $386 million.

The publicly listed company xTAO holds $16 million in TAO, making it the largest publicly traded holder of Bittensor.

The publicly listed company xTAO, focusing on Bittensor, has announced that it holds 41,538 TAO tokens valued at approximately $16 million, making it the largest holder among publicly listed companies. xTAO is led by Karia Samaroo, who previously founded the cryptocurrency exchange WonderFi. Its TAO assets will be used to expand validator operations and develop the Bittensor ecosystem infrastructure. By staking TAO, xTAO achieves an annual yield of about 10%. It is reported that Bittensor combines AI with cryptocurrency technology, allowing users to contribute intelligence to optimize AI systems and earn TAO rewards. Last week, the Bittensor ecosystem company xTAO raised $22.8 million from institutions including DCG and will be listed in Canada.

The Ether Machine purchased nearly 15,000 ETH, with $407 million in funds still available.

The Ether Machine, a publicly traded company focused on Ethereum staking yields (NASDAQ: DYNX), announced that as part of its long-term accumulation strategy, it has purchased nearly 15,000 ETH. This brings its total accumulated and committed ETH to 334,757, with up to $407 million in funds available for further purchases of ETH.