Son Min

The Web3 social platform UXLINK recorded its highest-ever quarterly earnings in the second quarter. On the 8th (local time), UXLINK announced in a report, "We achieved a net profit of $4.5 million in Q2 this year," adding, "This is the highest net profit ever for a single quarter." The company continued, "Over 1 million TikTok users have registered for UXLINK AI Growth Agent," and noted, "Cumulative subscribers to the UXLINK ecosystem have surpassed 55 million." Goals for the third quarter were also revealed. UXLINK presented the following Q3 objectives: △ Pursue the launch of a UXLINK exchange-traded fund (ETF) in Hong Kong △ Strengthen U.S. expansion △ Infrastructure upgrade △ Listing on new exchanges △ Pilot operation and expanded partnerships for FujiCard in Japan.

Japanese fashion company ANAP has reportedly acquired an additional 15.82 Bitcoin (BTC). According to the cryptocurrency news channel NLNico on the 8th (local time), ANAP made an additional purchase of 15.82 BTC. The company's current Bitcoin holdings have reached 200 BTC. Previously, ANAP had announced plans to acquire and hold over 1,000 BTC on a long-term basis by August.

An analysis has revealed a surge in network activity on Solana (SOL). On the 8th (local time), cryptocurrency analyst Ali Martinez stated on X (formerly Twitter) that "Solana network activity has surged," and that "in the past 24 hours, Solana's active addresses have surpassed 14.63 million." This increase is believed to have been influenced by the announcement regarding the sale of tokens on Pump.fun, a Solana-based meme coin issuance platform. Previously, the cryptocurrency exchange Gate.io posted, then deleted, an announcement about the sale of Pump.fun's token, PUMP.

In the past 24 hours, the total liquidation volume of positions in the cryptocurrency perpetual futures market reached $167.91 million. According to CoinGlass data on the 8th (local time), a total of $167.91 million worth of futures positions were liquidated in the crypto market over the last 24 hours. As Bitcoin (BTC) faced a decline before surpassing $11, liquidation of long (buy) positions was greater. Specifically, $121.65 million worth of long positions and $46.25 million worth of short positions were liquidated. The asset with the largest liquidation volume was Bitcoin. Bitcoin saw $35 million in liquidated positions over the 24-hour period, with $31.11 million from long positions and $3.89 million from short positions. During the same period, Ethereum (ETH) recorded $32.24 million in liquidations, placing it second. Of this, $23.93 million were long positions and $8.32 million were short positions. As of 3:40 p.m., according to Binance USDT market, Bitcoin and Ethereum were down 0.69% and 0.70%, trading at $108,209 and $2,552 respectively.

Canadian fintech company LQWD Technologies has announced an additional purchase of 10 Bitcoin (BTC). On the 8th (local time), LQWD revealed on X (formerly Twitter), "Based on our Bitcoin accumulation strategy, we have purchased an additional 10BTC," and added, "We now hold a total of 181BTC." Previously, Shawn Anstey, CEO of LQWD, stated, "Through a financial strategy and transaction infrastructure based on Bitcoin, we will lead the next generation of the Bitcoin era."

The Bitcoin (BTC) holdings of the Chinese automotive transaction platform Cango have nearly reached 4,000. On the 8th (local time), Cango announced via X (formerly Twitter), "We have 4,000 BTC on our balance sheet," adding, "This is a very significant milestone." Previously, Cango acquired mining machines worth $256 million from Bitmain.

The French publicly listed blockchain group 'The Blockchain Group' announced that it has raised a total of €3 million (approximately $3.52 million) to purchase additional Bitcoin (BTC). On the 8th (local time), The Blockchain Group revealed in a press release that it had secured €3 million in funds to further accumulate Bitcoin. The previous day, The Blockchain Group had also acquired an additional 116 BTC. It currently holds 1,904 BTC.

An analysis has emerged suggesting that, considering positive on-chain indicators, the chances of an increase in the prices of Bitcoin (BTC) and Ethereum (ETH) have risen. On the 7th (local time), Amr Taha, an analyst at CryptoQuant, stated in a report, "The decrease in Bitcoin’s exchange inflow volume and the massive withdrawals of Ethereum are factors that significantly reduce selling pressure," adding, "Both Bitcoin and Ethereum now have a higher likelihood of mid-term price increases." He focused on the decline in Bitcoin’s exchange inflow. The analyst explained, "The number of retail investors depositing Bitcoin into Binance has dropped sharply," and added, "The amount of Bitcoin deposited has fallen below $12 billion for the first time since April this year." He continued, "When the inflow of individual investors plummeted in early April, Bitcoin surged significantly in May." As for Ethereum, he noted an increase in the scale of withdrawals. The analyst said, "Ethereum withdrawn from Binance on the 4th surpassed 120,000," and added, "This marks the largest daily outflow since June 13." He continued, "This indicates that investors are forecasting an increase in Ethereum’s price and preparing for long-term holding," and "This suggests there has been a significant drop in selling pressure."

Startup Kuru Labs, which is building a decentralized exchange (DEX) based on Monad (MONAD), has attracted an investment of $11.6 million. On the 7th (local time), Kuru Labs announced on X (formerly Twitter), "We have raised $11.6 million through our Series A round," and added, "With the funds raised, we will implement a fully on-chain order book exchange." Meanwhile, it is known that the round was led by Paradigm.

The volume of Ethereum (ETH)-based tokenized assets under management has reached an all-time high. On the 7th (local time), Cointelegraph, citing Token Terminal data, reported that "the assets under management (AUM) of Ethereum-based tokenized assets neared $5 billion," adding, "This marks an all-time high."

Nasdaq-listed Bit Digital has sold its held Bitcoin (BTC) and purchased Ethereum (ETH). On the 7th (local time), Bit Digital announced on its official X (formerly Twitter), "Ethereum is an asset that can restructure the global financial system," adding, "We sold 280BTC from our holdings and bought Ethereum." The company further stated, "We will continue to aggressively acquire additional Ethereum going forward." Currently, Bit Digital holds 106,003ETH. Previously, Bit Digital announced that it would scale down its Bitcoin mining business and transition into a company focusing on Ethereum staking and accumulation.

Genius Group, an AI-based education company, has raised its Bitcoin (BTC) reserve target to 10,000. According to GlobeNewswire on the 7th (local time), Genius Group announced in a press release, "We have raised our Bitcoin reserve target from the previous 1,000 BTC to 10,000 BTC," adding, "We plan to reach this target in the next 12 to 24 months." Roger Hamilton, CEO of Genius Group, said, "We are very pleased to significantly increase our target to 10,000 BTC," adding, "We will drive the company's growth rapidly through Bitcoin."

The 24-hour revenue of the BONK-based coin issuance platform Letsbonk.fun has surpassed that of the Solana (SOL)-based Pump.fun. On the 7th (local time), Cointelegraph, citing DeFiLlama data, reported, "Letsbonk.fun recorded $1.04 million in 24-hour revenue," adding, "This figure is twice that of the well-known meme coin issuance platform Pump.fun (which posted $533,412 in 24-hour revenue)." It further stated, "A significant shift in market share is occurring within the Solana meme coin market." However, the surge in Letsbonk.fun's revenue is assessed to be a one-time event. According to DeFiLlama, Pump.fun recorded over $37 million in revenue over the past 30 days, while Letsbonk.fun remained at $4.5 million.

The e-commerce company 'DDC Enterprise Limited', listed on the New York Stock Exchange, has reportedly acquired an additional 230 Bitcoins (BTC). According to Investing.com on the 7th (local time), DDC Enterprise Limited announced in a press release, "We have acquired an additional 230 BTC." Norma Chu, the founder of DDC Enterprise Limited, stated, "This additional purchase demonstrates our belief that Bitcoin is the safest and most strategic asset." Previously, on June 17th (local time), 'DDC Enterprise Limited' announced that it had raised $528 million for Bitcoin reserves. Currently, DDC holds 368 BTC. The average purchase price is $90,764.

The official meme coin of former U.S. President Donald Trump, OfficialTrump (TRUMP), is set to be launched on the Tron (TRX) network. On the 7th (local time), OfficialTrump announced via its official X (formerly Twitter) account that “TRUMP is scheduled to launch on the Tron network.” TRUMP was previously issued on the Solana (SOL) network. As of 9:54 PM, according to the Binance USDT market, TRUMP is trading at $8.62, up 1.17% from 24 hours ago.

Strategy announced that it plans to raise $4.2 billion through perpetual preferred shares issued last month. On the 7th (local time), Strategy stated on its official website, "We plan to raise $4.2 billion through newly issued perpetual preferred shares (STRD) from last month." Previously, Strategy revealed its plan to issue 2.5 million STRD shares and use the raised funds to acquire Bitcoin.

UK-listed blockchain payment company GSTechnologies has reportedly raised £1.75 million (approximately $2.38 million) to stockpile Bitcoin (BTC). According to Investing.com on the 7th (local time), GSTechnologies stated in a press release, “As part of our Bitcoin reserve strategy, we have raised £2 million through a public offering to institutional investors,” adding, “Most of the funds raised will be used for the accumulation of Bitcoin.” In addition, they stated, “We are also planning a small public offering for retail investors up to £250,000.” As of 9:43 p.m., based on Binance’s USDT market, Bitcoin was trading at $108,485, up 0.35% from 24 hours earlier.

Murano, a real estate development firm listed on NASDAQ, is set to accumulate Bitcoin as a treasury asset. On the 7th (local time), according to GlobeNewswire, Murano stated, "We plan to utilize the company's cash flow and access to capital markets to hold Bitcoin as a financial asset," adding that "through this, we aim to improve the capital efficiency tied up in real estate development and enhance shareholder returns." Elias Sakal, founder of Murano, said, "Bitcoin is an asset to protect the company from inflation and financial risks," and added, "We have great expectations for the growth that will be driven by this financial strategy." Meanwhile, Murano recently acquired 21BTC.

Semler Scientific, a medical technology company listed on Nasdaq, has reportedly purchased an additional 187 Bitcoin (BTC). On the 3rd (local time), Joe Burnett, Bitcoin Strategy Director at Semler Scientific, announced on X (formerly Twitter), "Semler Scientific has acquired an additional 187 BTC," adding, "This amounts to approximately $20 million (about ₩2.73 billion)." He further stated, "Since the beginning of the year, the return on Bitcoin has reached 29%," and added, "We currently hold 4,636 BTC." Previously, Semler Scientific explained, "Bitcoin is a reliable store of value," and announced it had adopted Bitcoin as a major treasury reserve asset. As of 9:21 p.m., based on Binance USDT market, Bitcoin is trading at $108,440, up 0.32% from 24 hours ago.

Strategy did not proceed with any Bitcoin purchases this week. On the 7th (local time), Strategy announced in an 8-K report submitted to the U.S. Securities and Exchange Commission (SEC) that "unrealized profits amounting to $14.05 billion occurred during the second quarter," while also stating that "additional Bitcoin purchases were temporarily suspended from June 30 to July 6 (local time)." This marks the first pause in purchases since the first quarter earnings announcement. Previously, Strategy also temporarily suspended Bitcoin purchases in the week prior to the first quarter earnings announcement on April 7 (local time). Meanwhile, on June 29 (local time), Michael Saylor, founder of Strategy, hinted at the suspension by posting on X (formerly Twitter), "Some weeks, you just have to hold Bitcoin."

The Brazilian crypto exchange 'Mercado Bitcoin' has announced plans for real world asset (RWA) tokenization for stocks and bonds. According to CoinDesk on the 7th (local time), 'Mercado Bitcoin' revealed its plan to additionally tokenize stocks and bonds worth $200 million on the XRP Ledger (XRPL). Previously, Mercado tokenized $185 million worth of private credit assets. The outlet stated, "This project is one of the largest RWA initiatives being carried out by a Latin American company on the XRP Ledger," adding that "the RWA market is projected to grow to $19 trillion by 2033."

An opinion has emerged that a change of hands is occurring in Bitcoin (BTC) holdings. On the 7th (local time), CoinDesk cited Glassnode data and reported, "Whales holding more than 1,000 BTC are continuing their aggressive accumulation," while also stating, "Smaller investors holding less than 1 BTC and those with 10~100 BTC are selling their holdings." It continued, "This means that Bitcoin owned by individual investors is shifting to whale investors—a change of hands," adding, "Whales still maintain a strong belief in further Bitcoin price increases." As of 7:39 PM, based on Binance USDT market data, Bitcoin is trading at $108,773, up 0.70% from 24 hours earlier.

An analysis has found that the volatility in the Bitcoin (BTC) options market has reached its lowest level ever. On the 7th (local time), Glassnode stated on X (formerly Twitter): "Implied volatility (IV) across all Bitcoin options maturities, from 1 week to 6 months, has reached historic lows," and further commented, "This is the lowest level since mid-2023." Previously, Glassnode reported that "Bitcoin spot trading volume and futures trading volume have both dropped to yearly lows, at $5.02 billion and $31.2 billion respectively."

There has been an argument that the government has no right to impose taxes on profits from Bitcoin (BTC). According to Cointelegraph on the 7th (local time), Bill Miller IV, the Chief Investment Officer (CIO) of the hedge fund 'Miller Value Partners', stated on a podcast, "The reason we pay taxes is ultimately for the protection of property rights," and "Bitcoin does not require such a process at all, so there is no basis for imposing taxes." He noted that, unlike Bitcoin, other assets require a process of verifying ownership through government infrastructure. Bill Miller explained, "The various taxes incurred when buying and selling a house are ultimately costs to manage 'who owns what'," and "because blockchain automatically records property rights, taxes cannot be enforced."

Venture capital firm 'Coinsilium Group', listed in the UK, has reportedly acquired approximately 15 additional Bitcoins (BTC). On the 7th (local time), Coinsilium announced on its official website, "Through the subsidiary 'Forja Gibraltar', which was established for Bitcoin reserves, we acquired about 14.9023 BTC," adding, "We currently hold about 88.6327 BTC." As of 6:24 PM, Bitcoin was trading on the Binance USDT market at $108,837, up 0.75% from 24 hours earlier.

An analysis has indicated that Bitcoin (BTC) trading volume is plummeting. On the 7th (local time), Glassnode stated on X (formerly Twitter), "Despite being close to an all-time high, Bitcoin trading volume has dropped significantly," adding, "Spot trading volume and futures trading volume for Bitcoin recorded $5.02 billion and $31.2 billion, respectively, marking a one-year low." It further commented, "Trading volume continues to decline." As of 6:19 PM, based on the Binance USDT market, Bitcoin is trading at $108,801, up 0.72% from 24 hours ago.