PA Daily | Multiple addresses accumulated $2.44 billion in ETH within half a month; Linea announced token distribution details, with 9% airdropped to users.

Today’s News Reminder:

Multiple addresses have accumulated a total of 648,000 ETH over the past half month, worth 2.44 billion USD.

Eugene: This “Shanzhai Season” may be the weakest one in history, adopting a defensive stance towards the market in August.

Ethereum spot ETF saw a net inflow of $219 million yesterday, recording net inflows for 18 consecutive days.

Linea announced the token allocation details, with 9% distributed to users through airdrops.

Anchorage Digital has accumulated over $1.19 billion in Bitcoin purchases within 9 hours.

Ark Invest has once again purchased $15.3 million worth of BitMine shares on Tuesday.

Coinbase will launch BankrCoin on the Base network (BNKR)

Macroeconomics/Policy

The US SEC approves the physical redemption of crypto asset ETP shares

According to the SEC’s official website, the U.S. Securities and Exchange Commission (SEC) voted to approve allowing authorized participants to physically purchase and redeem shares of exchange-traded products (ETPs) based on cryptocurrencies. This move marks a significant step as spot ETPs for Bitcoin and Ethereum will be able to adopt a physical redemption method, similar to other commodity ETPs, enhancing product efficiency and reducing costs. SEC Chairman Paul S. Atkins stated that this will help establish a more reasonable regulatory framework for cryptocurrencies, benefiting investors. In addition, the SEC also approved several exchange applications related to cryptocurrencies, including hybrid spot Bitcoin and Ethereum ETPs, related options, and an increase in the position limits for Bitcoin ETP options.

The founder of AML Bitcoin was sentenced to 7 years in prison for millions of dollars in cryptocurrency fraud and money laundering.

According to The Block, Rowland Marcus Andrade, the founder of AML Bitcoin and CEO of NAC Foundation, was sentenced to 84 months (7 years) in prison by a U.S. federal court for his involvement in telecommunications fraud and money laundering related to the cryptocurrency AML Bitcoin. The court found that Andrade deceived investors by falsely promoting the technology, business potential, and launch timeline of AML Bitcoin, raising approximately $10 million between 2014 and 2019, of which over $2 million was used for personal expenses such as purchasing real estate and luxury cars. A hearing on victim compensation and asset forfeiture will be held on September 16, 2025.

Hong Kong Monetary Authority: Applications can be made for a basket of fiat-collateralized stablecoins, with the first license expected to be issued early next year.

According to the Daily Economic News, the Vice President of the Hong Kong Monetary Authority, Chen Weimin, stated at a technical briefing on the regulatory framework for stablecoin issuers that the number of stablecoin issuer licenses to be issued in the first phase is still uncertain and will depend on the quality of the application materials submitted by the applicant institutions. It is expected that the first stablecoin issuer license will be issued early next year, and he emphasized that “the threshold for approval is very high.” Chen Weimin also mentioned that the Hong Kong Monetary Authority holds an open attitude towards fiat currency types, and stablecoin issuers can apply for licenses for stablecoins pegged to a specific fiat currency or for stablecoins pegged to a basket of fiat currencies, with the emphasis that the fiat currency type must be specified at the time of application.

Indonesia will increase the cryptocurrency trading tax rate.

According to Reuters, the Indonesian Ministry of Finance has announced that starting from August 1, the tax rate on cryptocurrency transactions will be increased. The tax rate for sellers of crypto assets on domestic exchanges will rise from 0.1% to 0.21%, while on overseas exchanges it will increase from 0.2% to 1%. Additionally, buyers will no longer be required to pay value-added tax. Moreover, the value-added tax on cryptocurrency mining has also been raised from 1.1% to 2.2%. Industry insiders believe that this move indicates Indonesia is transitioning cryptocurrencies from commodities to financial assets, but they are calling for a grace period for businesses to adapt and for stricter regulation of trading on overseas platforms.

opinion

Eugene: This “Shanzhai Season” may be the weakest one in history, adopting a defensive attitude towards the August market.

The well-known crypto trader Eugene (0xENAS) stated that he has exited most of his long positions and is maintaining a defensive stance. He pointed out that August has historically been a difficult month to predict, and this year the market may not be smooth sailing either. Additionally, he mentioned that this “altcoin season” might be the weakest in history; despite the rise in ETH prices, it has not brought about significant wealth effects. This indicates that institutional investors are the main buying force, and funds have not flowed back into the altcoin market. Therefore, he advises to continue focusing on ETH investments.

Project Updates

Radix founder Dan Hughes has passed away unexpectedly, and the team has promised to continue his vision.

Dan Hughes, the founder and original architect of the Radix network, unexpectedly passed away at home on Sunday night due to natural causes. Dan Hughes dedicated himself to the innovation of decentralized ledger technology and was regarded as a visionary builder and problem solver. He not only advanced the development of core technologies such as Cerberus and the Radix engine but also earned the respect of the community with his genuine, humble, and clear vision. The Radix team stated that while Dan’s passing is a tremendous loss, the foundation and vision he established will continue to drive the project forward. To ensure a stable transition, Chief Strategy Officer Adam Simmons and Chief Financial Officer Jonathan Day will serve alongside current CEO Andy Jarrett as directors of the Radix Foundation. The team calls on the community to express their condolences in Radix Telegram or Discord and announced a brief pause in public discussions to focus on operational stability.

Ark Invest purchased an additional $15.3 million worth of BitMine shares on Tuesday.

According to The Block, Ark Invest, led by Cathie Wood, purchased $15.3 million worth of BitMine Immersion Technologies shares through three of its ETFs on Tuesday, following a $20 million purchase the previous day. Last week, Ark Invest also spent $182 million to acquire over 4.77 million shares of BitMine common stock. Meanwhile, the ARKF fund under Ark Invest sold $1.47 million worth of Block Inc. shares. BitMine’s board chairman, Thomas Lee, stated that the company’s ETH holdings have surpassed $2 billion and is on track to acquire and stake 5% of the overall ETH supply. Although BitMine’s stock price dropped 8.86% on Tuesday, it has increased by 650.29% over the past month.

Linea announced the token distribution details, with 9% allocated to users through airdrops.

Declan Fox, the project leader of the Linea project, stated on platform X that the team has confirmed that 10% of tokens will be allocated to early contributors, with 9% allocated to users who participated in Linea voyages and obtained LXP. The relevant qualification criteria and checker will be announced before the TGE, the snapshot has been completed, and witch filtering has been conducted. This airdrop does not involve CEX listings, InfoFi, or other dilution, and the team and investors will not receive allocations. An additional 1% will be allocated to strategic builders, managed at the discretion of the Linea team, which can be used to incentivize dapps and communities. Rewards for liquidity providers are included in the 75% ecological fund, and details of LXP-L will be announced by the alliance. Of the 22% of circulating supply, besides the airdrop, 12% will be used for exchange liquidity, market making, partnerships, and other governance initiatives, with the ecological fund set to have a 10-year unlocking period. According to Linea.eth, LINEA is launching a new L2 token economics model, featuring ETH as the only Gas token, no internal distribution, no token governance, 85% for the ecosystem, and 15% allocated to the Consensys treasury (locked for 5 years). The project adopts a dual destruction mechanism, with all Gas fees paid in ETH, 20% of net transaction fees used to destroy ETH, and 80% used to destroy LINEA, achieving a direct linkage between network usage and value growth. The ecological fund accounts for 75% of the total supply, managed by the Linea alliance, with 25% for ecological incentives, and the remaining 50% unlocked over 10 years. 10% is allocated to early contributors, with 9% distributed to users via airdrop and 1% incentivizing strategic builders. The circulating supply at TGE accounts for approximately 22% of the total, amounting to about 1.58 billion LINEA, which is 1000 times the initial circulating supply of ETH.

Coinbase will launch BankrCoin on the Base network (BNKR)

Coinbase has announced that it will add support for BankrCoin (BNKR) on the Base network. If liquidity conditions are met, trading will begin on July 30, 2025, at or after 9 AM Pacific Time. Once there is sufficient supply of these assets, the BNKR-USD trading pair will be rolled out in phases. Support for BNKR may be limited in some supported jurisdictions.

Coinbase launches Treehouse (TREE)

Coinbase has announced the addition of support for Treehouse (TREE) on the Ethereum network (ERC-20 token), and has added an “experimental” label. Once the supply of this asset is sufficient, the TREE-USD trading pair will be rolled out in phases. Support for TREE may be restricted in some jurisdictions.

Hold at least 200 Binance Alpha points to claim 1000 RHEA tokens airdrop.

Binance has announced that it will be the first trading platform to list Rhea Finance (RHEA), with trading set to begin at 21:30 Beijing time on July 30, 2025. At the same time, Binance is launching an airdrop event for the RHEA token, allowing users who hold at least 200 Binance Alpha points to claim 1000 RHEA tokens, with the event operating on a first-come, first-served basis.

Important Data

Anchorage Digital has accumulated over $1.19 billion in Bitcoin purchases within 9 hours.

According to Lookonchain, Anchorage Digital has accumulated a total of 10,141 BTC through multiple wallets in the past 9 hours, with a total value of approximately $1.19 billion.

Multiple addresses accumulated a total of 648,000 ETH within half a month, worth 2.44 billion USD.

According to reports from Yu Jin, the address 0x3dF…E3E has continued to accumulate 12,000 ETH (approximately $45.01 million) through Galaxy Digital 7 hours ago. Since July 19, this address has accumulated a total of 112,972 ETH (approximately $413 million) over eleven days, with an average price of $3,662. It is reported that since July 10, related addresses (not the same entity) that have accumulated ETH through multiple channels have now amassed up to 648,000 ETH, with a market value of approximately $2.44 billion and an overall average price of about $3,445.

PENGU associated address deposits 150 million tokens to Binance, valued at approximately 5.64 million US dollars.

According to monitoring by @ai_9684xtpa, the PENGU project-related address 8hQvQ…zund8 has again deposited 150 million PENGU to Binance, worth approximately $5.64 million. This address previously received 1.35 billion tokens from the PENGU deployment address in December 2024, and has transferred a total of 485 million tokens to exchanges since July of this year, with a total value of $17.67 million and an average price of $0.03642.

Binance: The Alpha point requirements for the Gaia (GAIA) token airdrop are 233 and 200 points respectively.

Binance announced that trading for the Gaia (GAIA) token will officially commence on July 30, 2025, at 08:00 (UTC). Eligible users can claim 500 GAIA airdrops using Binance Alpha Points within 24 hours after trading begins on the Alpha event page. This airdrop will be conducted in two phases: the first phase (the first 18 hours) requires holding at least 233 Alpha Points, and the second phase (the last 6 hours) requires at least 200 Points. If the rewards have not been fully distributed, the point threshold will automatically decrease by 15 points every hour. Claiming the airdrop will consume 15 Alpha Points, and users must complete the claim confirmation within 24 hours; otherwise, it will be considered forfeited.

The Ethereum spot ETF saw a net inflow of $219 million yesterday, marking 18 consecutive days of net inflows.

According to SoSoValue, on July 29th, Eastern Time, the total net inflow of Ethereum spot ETFs was $219 million in a single day, marking 18 consecutive days of net inflow. Among them, BlackRock’s ETHA had a single-day net inflow of $224 million, with a historical cumulative net inflow of $9.704 billion; 21Shares CETH saw a net outflow of $5.087 million. The current net asset value of Ethereum spot ETFs has reached $21.613 billion, accounting for 4.75% of Ethereum’s total market capitalization.

Financing/Merger

The RWAiFi project GAIB has completed a $10 million financing round, led by Amber Group.

The RWAiFi project GAIB has completed a $10 million financing round, led by Amber Group. The funds will be used for the tokenization of platform GPU assets to promote the development of the on-chain AI economy. By 2025, GAIB has attracted $28 million in deposits and has partnered with DeFi protocols Morpho and Pendle. The platform supports entering the AI economy through synthetic US dollars via AID and earning returns by staking AID (sAID). Previously, it was reported that the crypto AI company GAIB completed a $5 million Pre-Seed financing round, led by Hack VC.

Decentralized AI infrastructure Manifold has completed a $10.5 million Series A financing, led by OSS Capital.

The decentralized AI infrastructure Manifold has announced the completion of a $10.5 million Series A funding round to accelerate the development of its decentralized AI cloud platform Targon. This round of financing was led by OSS Capital, with participation from well-known investors such as Digital Currency Group, Tobias Lütke, Ram Shriram, Zachary Smith, Jacob Steeves, Ala Shaabana, and Logan Kilpatrick.

The TON ecosystem’s STON.fi has completed a $9.5 million Series A funding round, led by Ribbit Capital and CoinFund.

The leading decentralized exchange STON.fi on the TON blockchain has completed a $9.5 million Series A funding round, led by Ribbit Capital and CoinFund. The funds will be used to develop centralized liquidity pools, cross-chain functionality, and community governance, promoting bridge-less cross-chain swaps and expanding the DeFi ecosystem. Since its launch in 2022, STON.fi has accumulated a trading volume of over $6 billion.

AI agent Billy Bets based on Virtuals completes $1 million financing.

The AI agent Billy Bets based on Virtuals has recently completed a financing round of 1 million USD, with investors including Coinbase Ventures, Virtuals Ventures, and Contango Digital Assets.

Institutional Positions

BTCS plans to raise $2 billion to increase investment in cryptocurrency.

According to The Block, Ethereum-focused blockchain technology company BTCS Inc. submitted documents to the U.S. Securities and Exchange Commission (SEC) on Tuesday, planning to raise up to $2 billion through multiple rounds of common stock issuance for future cryptocurrency acquisitions. Currently, BTCS holds approximately 70,028 Ether, valued at about $265.3 million. The company stated that the proceeds from the fundraising will be used to purchase digital assets, supplement working capital, and for other corporate purposes. In addition, BTCS also submitted an S-3 statement involving over 5 million shares of common stock, expecting to raise about $12 million through warrant exercises. BTCS is committed to continuously accumulating Ethereum assets and generating returns through diversified strategies such as capital markets, staking, and blockchain construction.

Strategy completed a financing of $2.521 billion and acquired 21,021 bitcoins.

According to Business Wire, Strategy completed a $2.521 billion STRC preferred stock IPO on July 29, 2025, making it the largest IPO in the United States so far in 2025. The net proceeds of $2.474 billion have been used to purchase 21,021 bitcoins at an average price of approximately $117,256 each. As of July 30, Beijing time, Strategy holds 628,791 bitcoins, with a total acquisition cost of approximately $46.8 billion and an average price of about $73,227. STRC will be listed on Nasdaq on July 30.

Kraken seeks $500 million in funding at a valuation of $15 billion.

According to The Information, cryptocurrency exchange Kraken is currently seeking to raise approximately $500 million at a valuation of $15 billion.

Public company 180 Life plans to raise approximately $425 million through a private placement and transform into an Ethereum treasury reserve company.

PANews, July 29 - According to a report by PR Newswire, NASDAQ-listed company 180 Life Sciences Corp. (NASDAQ: ATNF) announced its transformation into an Ethereum treasury reserve company, aiming to raise approximately $425 million through private equity financing. After the transaction is completed, the company plans to change its name to ETHZilla Corporation. The investors in the private equity financing include Harbour Island, Electric Capital, Polychain Capital, GSR, Omicron Technologies, and others. After the transaction is completed, Electric Capital will serve as the company’s external asset manager and plans to implement a differentiated on-chain yield generation program. This program aims to surpass traditional ETH staking while maintaining robust risk management, striving to combine staking, lending, liquidity allocation, and customized private agreements.

Twenty One is expected to increase its holdings by 5,800 Bitcoins before the listing, raising its total holdings to at least 43,500 coins.

PANews July 29 news, according to Businesswire, Twenty One Capital, Inc. announced today that after the business merger is completed, it expects to acquire approximately 5,800 bitcoins from Tether before the planned public listing of Twenty One. This means that the total number of bitcoins held by Twenty One will exceed 43,500 by the close. These figures will make Twenty One the third largest corporate bitcoin treasury in the world. Twenty One has submitted a draft S-4 registration statement to the SEC. Twenty One will seek to trade under the ticker symbol “XXI” after the completion of the business merger. The completion of the business merger is subject to customary closing conditions, including the approval of CEP shareholders.

Bitmine disclosed that its holdings of Ethereum have increased to approximately 625,000 coins.

PANews July 29 news, BitMine Immersion Technologies disclosed on platform X that the company’s total BTC holdings have reached 192 coins, and the total ETH holdings are approximately 625,000 coins, which means the company has increased its holdings by 58,224 ETH, with a net asset value per share of BMNR at $22.77. Previously, it was reported that BitMine Immersion announced a $1 billion stock buyback plan.

SharpLink disclosed that its total holdings of Ethereum have increased to approximately 438,000 ETH.

PANews July 29 news, Nasdaq-listed company SharpLink announced on platform X that from July 21 to 27, SharpLink purchased approximately 77,210 ETH at a price of about $290 million, with an average purchase price of approximately $3,756. As of now, it holds about 438,190 ETH. The per-share ETH (ETH concentration) is currently about 3.4, up from about 3.06 last week. Since the implementation of the Ethereum treasury strategy on June 2, the per-share ETH has increased by approximately 70%, and the cumulative staking rewards have reached about 722 ETH.

DeFi Development announced an increase of approximately 180,000 SOL, raising its total holdings to about 1,180,000 SOL.

PANews, July 29 news, according to CoinDesk, the listed company DeFi Development announced that it increased its holdings by 181,303 SOL from July 21 to July 28, with an average purchase price of $155.33, bringing its total holdings to approximately 1.18 million SOL, valued at about $218 million.

Public company ZOOZ Power announces a private placement of 180 million USD, launching a Bitcoin treasury reserve strategy.

PANews July 29 news, according to Globenewswire, energy management solution provider ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) today announced that it will conduct a private placement (PIPE) of $180 million to qualified institutional investors in conjunction with its plan to launch a Bitcoin reserve strategy. This PIPE is subject to shareholder approval and is expected to sell 180 million shares of the company’s common stock and pre-funded warrants at a price of $1 per share. Participants in this PIPE include strategic investors Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners, and well-known Israeli investor Alex Rabinovitch.

Bakkt will raise $75 million through a stock offering to purchase Bitcoin and other digital assets.

PANews, July 29 news, according to Businesswire report, Bakkt Holdings, Inc. (NYSE: BKKT) announced that it will issue 6,753,627 shares of Class A common stock, as well as pre-paid warrants to purchase up to 746,373 shares of Class A common stock, with total fundraising expected to be approximately $75 million. Bakkt intends to use the net proceeds from this offering to purchase Bitcoin and other digital assets in accordance with its investment policy, for working capital, and for general corporate purposes.

Fundamental Global completes a $200 million private placement and launches ETH reserve plan.

Fundamental Global announced the completion of a $200 million private placement, which will be used to purchase ETH as the primary treasury reserve asset and to initiate an Ethereum treasury strategy. The company will be renamed FG Nexus Inc., with a new stock ticker expected to be activated on August 1. Strategic investors include Galaxy Digital, Kraken, DCG, among others, with Galaxy assisting in managing the Ethereum treasury. The company stated that it will promote the application of Ethereum in the global financial system while providing staking rewards and opportunities for real asset tokenization.

UK-listed company Hamak Gold has purchased 20 Bitcoins for the first time and has reached a cooperation agreement with Archax.

The UK-listed company Hamak Gold announced its first purchase of 20 bitcoins, with an average purchase price of £88,569, totaling approximately £1.7714 million, as part of its capital allocation and asset-liability optimization strategy. At the same time, the company has established a strategic partnership with the digital asset platform Archax, regulated by the FCA, to jointly promote its bitcoin vault strategy.

The Smarter Web Company added 225 bitcoins to its holdings, bringing the total to 2050 bitcoins.

According to the London Stock Exchange website, the London-listed technology company The Smarter Web Company (AQUIS: SWC) announced that it has recently purchased an additional 225 bitcoins as part of its ongoing bitcoin reserve strategy under its “ten-year plan,” with an average purchase price of £88,482 (approximately $118,080), totaling £19,908,550. To date, the company holds a total of 2,050 bitcoins, with an average purchase price of £81,346 (approximately $108,556), having invested a total of £166,758,900. The company’s year-to-date bitcoin return is 49,198%, with a return of 224% over the past 30 days.

Yuan Coin Technology has completed a $40 million Series A2 financing round, led by ZhongAn International and others.

Hong Kong fintech group Round Coin Technology (RD Technologies) announced the successful completion of nearly $40 million in Series A2 financing. This round of financing was led by ZA Global, China Harbour, Bright Venture, and Hivemind Capital, with participation from Sequoia China (HSG), Eternal Digital, Junshi Investment, and Guotai Junan International Private Equity Fund, among others. Round Coin Technology stated that this financing will accelerate the construction of its regulated stablecoin infrastructure and actively cooperate with Hong Kong’s upcoming stablecoin licensing system. Meanwhile, ZhongAn Bank has signed a strategic cooperation memorandum with Round Coin Technology to jointly explore the compliant application of stablecoins in financial services.