News & Research

Nasdaq-listed media firm GameSquare has raised $8 million through a public stock offering to fund its new Ethereum-based treasury strategy, according to a press release on ACCESS Newswire. The company’s board has approved up to $100 million for phased Ethereum investments, aiming to generate on-chain yields and strengthen its balance sheet.

Four major dollar stablecoin issuers collectively hold $182 billion in U.S. Treasuries, CryptoSlate reported. Tether (USDT) leads with over $125 billion, followed by Circle’s USDC at $55.2 billion, First Digital’s FDUSD with $1.3 billion and Paxos’ PYUSD with $880 million. Their combined holdings exceed those of Saudi Arabia, South Korea and the United Arab Emirates.

Two men have been indicted in Puerto Rico for allegedly operating and promoting OmegaPro, a $650 million international crypto scheme, the U.S. Department of Justice announced in a July 8 press release. The defendants are accused of selling fraudulent “investment packages,” falsely promising 300% returns over 16 months through advanced forex trading. Victims were instructed to pay in cryptocurrency, which was allegedly funneled through wallets controlled by OmegaPro executives and distributed to insiders to obscure the funds’ origins.

South Korea’s Woori Bank, gaming firm Wemade, tech company Tscientific and blockchain infrastructure provider DSRV have each filed trademark applications for stablecoin names, according to Digital Asset.

OpenSea has acquired Rally Wallet to enhance its efforts in mobile access and token trading, according to Unfolded on X.

Decentralized crypto derivatives protocol Vertex, built on Arbitrum, will shut down its Arbitrum-based DEX and migrate to Kraken’s layer-2 network Ink, absorbing its team and technology into Ink’s foundation, according to The Block. The VRTX token will be phased out, with holders receiving 1% of Ink’s genesis supply via airdrop after a July 8 snapshot. Treasury and unvested VRTX will be burned and detailed distribution rules will follow. The move aims to help Vertex compete more effectively in the growing perp DEX market.

Decentralized crypto options exchange Aevo announced on X the launch of Aevo Degen, a platform allowing traders to go long or short with up to 1000x leverage on stocks like Coinbase, Robinhood and Circle. The daily markets are open during U.S. trading hours, with all positions closing at the end of each session.

The Ethereum Foundation announced that all Ethereum (ETH) execution clients now support partial history expiry under EIP-4444. By deleting block data from before the Merge, users can reduce node storage needs by 300–500 GB, allowing a node to run comfortably on a 2 TB disk. Work on full rolling history expiry is still in progress.

U.S. stock markets have opened mixed today. S&P500: +0.05% NASDAQ: +0.22% Dow: -0.21%

Cryptocurrency payments firm MoonPay announced via X that it now supports Apple Pay for top-ups, allowing users in the U.S., EU and UK to load their balances with zero fees for fast crypto purchases.