News & Research

BNB Chain announced on X that its foundation wallet has purchased 40,421,479.45 TAG, the native token of the AI-powered project TaggerAI, by swapping 25,000 USDT at a rate of 0.00061848 per token. The move is part of its $100 million incentive program.

U.S. bank JPMorgan Chase is considering offering loans backed by clients’ crypto holdings, including Bitcoin and Ethereum, as early as next year, according to the Financial Times, which cited people familiar with the matter.

Delabs Games has raised $5.2 million in a Series A funding round led by Hashed, TON Ventures and Kilo Fund, bringing its total funding to $17.2 million, according to GamesBeat. The funds will support the development of AI-powered Web3 games through the company’s Verse8 platform.

Toss Bank, a South Korean neobank that previously filed multiple trademarks for KRW-pegged stablecoins, has now submitted 54 applications related to the U.S. dollar, according to BIZ.HANKOOK. The filings combine “USD” with Toss-related identifiers such as “TS” or “Toss Bank,” resulting in names like USDTBNK, USDTS, USDTB, TBNKUSD and TSBKUSD. Some also include the letter K, as seen in USDK and KUSD.

South Korean crypto venture capital firm Hashed is expected to become the largest shareholder of Korea Digital Asset (KODA), a local digital asset custodian, according to Etoday. At the “Solana Media Day” held on July 21, co-hosted by the Solana Foundation and Hashed, KODA CEO Jinseok Cho said Hashed is likely to take the leading ownership stake by the end of the month. The firm had earlier boosted its position by converting loans and accrued interest into equity and may purchase additional shares to gain majority control.

ARK Invest, led by Cathie Wood, sold 218,986 shares of Coinbase, the largest U.S.-based cryptocurrency exchange, worth $90.58 million across three of its exchange-traded funds (ETFs) on July 21. According to The Block, the firm also reduced its positions in Robinhood, a crypto trading platform, and Block Inc., a digital payments company formerly known as Square.

Western Union plans to integrate stablecoins into its digital wallet offerings to enable faster cross-border payments and fiat conversions, Crypto Briefing reported. CEO Devin McGranahan said the company views stablecoins as an innovation opportunity and is building infrastructure and partnerships to support their use in regions like South America and Africa.

Mercurity Fintech Holding, a Nasdaq-listed fintech group focused on blockchain infrastructure, has announced a $43.7 million registered direct offering to fund its crypto treasury strategy and on-chain financial infrastructure. According to a GlobeNewswire press release, investors include LTP, Syntax Capital, OGBC Group and Blockstone Capital. The company will issue shares and warrants at $3.50 each, with proceeds allocated to initiatives such as staking, tokenized yield products and general operations. The deal is expected to close around July 22.

xTAO, a public company focused on the Bittensor network, has received final approval to list its common shares on Canada’s TSX Venture Exchange under the ticker symbol XTAO.U starting July 23, according to The Block. To support the listing, xTAO raised $22.8 million through subscription receipts from digital asset venture firms including Digital Currency Group, Animoca Brands, Arca, Borderless Capital and FalconX. Founder Karia Samaroo said the company aims to drive long-term growth by running its validator and using its native token, TAO, as a key treasury asset.

Six people, including Tron founder Justin Sun, will join Blue Origin’s NS-34 mission, according to its official X account. The crew includes Arvi Bahal, Gökhan Erdem, Deborah Martorell, Lionel Pitchford, J.D. Russell and H.E. Justin Sun. Blue Origin is the space company founded by Jeff Bezos.