News & Research

Privacy-focused blockchain Horizen (ZEN) has migrated from its layer-1 network to Coinbase’s Base as a standard ERC-20 token, as part of its Horizen 2.0 relaunch, according to The Block. The project also launched a layer-3 privacy-focused appchain on Base, with ZEN’s total supply remaining capped at 21 million.

Blockchain platform BORA announced via its official Medium that it will co-launch a casual Web3 game on the LINE NEXT Mini Dapp platform in partnership with Web3 game studio Baligames. The game, scheduled for launch in the third quarter (Q3), will feature a hybrid of puzzle and RPG elements. It will include an in-app purchase system powered exclusively by BORA tokens and adopt gas abstraction to streamline user experience. Baligames, founded by core developers behind the hit mobile game Anipang, previously secured strategic investment from Sky Mavis, the developer of Axie Infinity.

Ethereum restaking protocol Renzo (REZ) has joined the Strategic ETH Reserve with a deposit of 1,050 ETH ($3.8 million), securing the 38th spot, according to an X post by @fabdarice.

The U.S. government has not moved its Bitcoin (BTC) holdings in the past four months, according to data from Arkham on X. Total holdings are estimated at 198,000 BTC ($23.5 billion), distributed across agencies including the Department of Justice (DOJ), Federal Bureau of Investigation (FBI), Drug Enforcement Administration (DEA) and U.S. Marshals Service (USMS). Arkham noted that the 28,988 BTC ($3.4 billion) disclosed by the USMS represents only a portion of the government's total holdings.

Japanese pop artist Takashi Murakami will launch his “108 Flowers Revised” trading cards as NFTs on the Base app, with minting scheduled to begin July 31, The Block reported. Murakami is known for his signature “Superflat” style featuring smiling flowers and has collaborated with brands such as Louis Vuitton, Supreme and Vans.

Crypto investment firm Asymmetric is winding down its Liquid Alpha Fund following criticism and allegations of significant losses this year, CoinDesk reported. Founder Joe McCann said in his X post that the fund’s liquid-trading strategy is no longer effective and that the firm will shift focus to long-term investments in blockchain infrastructure.

A group involved in laundering proceeds from voice phishing scams through cryptocurrency has been arrested in South Korea, according to local outlet No Cut News. On July 24, the Daegu Metropolitan Police said it had apprehended 28 suspects, with 16 formally detained, including the alleged ringleader, a man in his 30s. The group is accused of converting 4.4 billion won ($3.2 million) into crypto and transferring the digital assets to overseas exchanges between January and April.

Gaia, a decentralized GenAI agent network, announced on X that it has raised $20 million across seed and Series A rounds to expand its open inference network, develop an open-source toolkit and launch the Gaia AI Phone. The phone, built on Galaxy S25 Edge hardware, runs AI models locally, giving users control over their data without relying on the cloud.

Upexi, a Nasdaq-listed e-commerce company that has adopted a Solana (SOL) treasury strategy, has purchased an additional 83,000 SOL for $16.7 million, according to a press release on Globe Newswire. This brings its total holdings to 1.9 million SOL, valued at approximately $381 million.

World Liberty Financial (WLFI), linked to the Trump family, and Web3 banking technology firm Vaulta have announced a strategic partnership to promote the adoption of Web3 banking in the U.S., according to Vaulta’s official website. The collaboration will integrate WLFI’s USD1 stablecoin with Vaulta’s infrastructure, aiming to improve liquidity and connect traditional financial systems with decentralized platforms.