News & Research

Fidelity Digital Assets research VP Chris Kuiper said via X that the number of public companies with at least 1,000 BTC climbed from 24 at the end of Q1 to 30 at the end of Q2 and now stands at 35 so far in Q3.

Crypto financial firm Galaxy Digital, which deposited a large amount of Bitcoin (BTC) to multiple centralized exchanges earlier in the day, has withdrawn $456 million in USDT from Binance, Bybit and OKX over the past 30 minutes, according to on-chain analyst @ai_9684xtpa on X. The firm currently holds 18,504 BTC, valued at approximately $2.13 billion.

Eigen Labs, the developer behind EigenLayer (EIGEN), has introduced multi-chain verification, enabling its Actively Validated Services (AVSs) to operate beyond Ethereum layer-1. The new feature allows AVSs to deploy on layer-2 networks and other blockchains while maintaining EigenLayer’s shared security guarantees. Multi-chain verification is now live on the Sepolia testnet of Base, Coinbase’s layer-2 network. A full mainnet rollout and broader chain support are expected in the coming months.

Feng Wang, co-founder and CEO of Hong Kong-listed game developer Linekong Interactive, noted via X that the institutionalization of Bitcoin and Ethereum is an inevitable trend. Wang pointed to the potential for stablecoins to eventually enter all industries and companies. Tokenization of stocks will not only merge stocks and tokens, but ultimately evolve towards tokens replacing stocks, the Linekong executive highlighted. In the future, Wang expects all companies to set up their own crypto departments. Market and technical talent in the crypto sector, like AI talent, will be highly sought after by companies offering high salaries, he added.

U.S. spot Ethereum ETFs recorded a total net inflow of $231.23 million on July 24, marking the 15th consecutive day of net inflows, according to data shared by Trader T on X. Fidelity’s FETH led with $210.06 million, followed by Grayscale’s mini ETH ($25.34 million) and Bitwise’s ETHW ($11.53 million). Franklin’s EZET also saw $2.84 million in inflows, while Grayscale’s ETHE recorded a $18.54 million outflow. The remaining ETFs reported no change in their holdings for the day.

Hong Kong-based digital asset firm OSL Group has announced plans to raise HK$2.35 billion ($300 million), according to a filing on HKEXnews. The company stated that 30% of the proceeds will be used to expand into new business areas, including the issuance of stablecoins and the development of payment services.

ARK Invest, led by Cathie Wood, sold 30,501 shares of Coinbase (COIN) worth $12.07 million across its ARKK and ARKW exchange-traded funds (ETFs) on July 24, according to Ark Invest Daily on X. The firm also trimmed its holdings in other crypto-related stocks, including Robinhood (HOOD) and Block (XYZ).

China International Capital Corporation (CICC), a leading Chinese investment bank, said offshore yuan stablecoins present a realistic route for China to enter the stablecoin market. In a recent report on CICC’s official WeChat account, the bank argued that stablecoins are likely to become part of the global financial infrastructure, and early participation could support China’s long-term goal of becoming a financial powerhouse. CICC added that central bank digital currencies (CBDCs), onshore yuan stablecoins and gold-backed options face major regulatory constraints, making offshore models the most viable for real-world trade and investment use.

Jeffrey Huang, a Taiwanese singer and prominent Bored Ape Yacht Club (BAYC) NFT whale, is continuing to increase his long positions in PUMP despite racking up over $10 million in unrealized losses, according to Lookonchain on X. His losses include $2.17 million on spot holdings and $8.14 million on perpetual contracts.

A man in his 60s has been arrested in South Korea for allegedly using crypto and AI investment schemes to defraud investors, Yonhap News reported. Authorities say the suspect held business seminars in Seoul districts including Gangnam, raising a total of 84 billion won ($61.1 million) from around 2,200 people by promising returns of 300%.