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South Korean Listed Company Bitmax Increases Holdings by 56.0445 BTC, Total Holdings Surpass 500 BTC
According to Jinse Finance, a KOSDAQ-listed company in South Korea (377030.KQ) has officially announced that it has increased its Bitcoin holdings by 56.0445 BTC, bringing its total holdings to 500.123 BTC. This makes it the leading Bitcoin holder among publicly listed companies in South Korea. The company stated that it will continue to adhere to its strategy of accumulating Bitcoin.
According to Jinse Finance, a KOSDAQ-listed company in South Korea (377030.KQ) has officially announced that it has increased its Bitcoin holdings by 56.0445 BTC, bringing its total holdings to 500.123 BTC. This makes it the leading Bitcoin holder among publicly listed companies in South Korea. The company stated that it will continue to adhere to its strategy of accumulating Bitcoin.
RootData: Rhea Finance token (RHEA) up 38% in 24 hours
According to ChainCatcher, RootData market data shows that the Rhea Finance token (RHEA) has risen 38% in the past 24 hours and is now trading at $0.08733.
According to the Web3 asset data platform RootData, Rhea Finance is a decentralized, non-custodial, pool-based interest rate platform that enables users to supply assets to earn interest and borrow assets to unlock liquidity.
According to ChainCatcher, RootData market data shows that the Rhea Finance token (RHEA) has risen 38% in the past 24 hours and is now trading at $0.08733.
According to the Web3 asset data platform RootData, Rhea Finance is a decentralized, non-custodial, pool-based interest rate platform that enables users to supply assets to earn interest and borrow assets to unlock liquidity.
Data: "Insider Whale" Reopens Short Positions on XRP and SOL, Total Position Value Exceeds $221 Million
ChainCatcher reports that, according to on-chain analyst @ai_9684 xtpa, an "insider whale" has opened 20x short positions of 3,333,333 XRP and 44,444.44 SOL, with entry prices of $2.93 and $164.18 respectively. The total value of these short positions amounts to $17.07 million.
Currently, the total value of their four short positions has exceeded $221 million, with an unrealized profit of $6.01 million.
ChainCatcher reports that, according to on-chain analyst @ai_9684 xtpa, an "insider whale" has opened 20x short positions of 3,333,333 XRP and 44,444.44 SOL, with entry prices of $2.93 and $164.18 respectively. The total value of these short positions amounts to $17.07 million.
Currently, the total value of their four short positions has exceeded $221 million, with an unrealized profit of $6.01 million.
Tether issued 6 billion USDT in July, with total circulation increasing by $20 billion since the beginning of the year
According to Jinse Finance, Tether issued a total of 6 billion USDT in July this year. Previously, Tether released its financial report for the second quarter of 2025. The report shows that as of June 30, 2025, the circulation of USDT exceeded $157 billion, an increase of $20 billion since the beginning of the year. The financial report also indicates that Tether holds a total of $127 billion in U.S. Treasury bonds, with $105.5 billion held directly and $21.3 billion held indirectly, representing an increase of approximately $8 billion compared to the first quarter. The company achieved a net profit of $4.9 billion in the second quarter, with total profits for the first half of 2025 reaching $5.7 billion, of which recurring profits accounted for $3.1 billion.
According to Jinse Finance, Tether issued a total of 6 billion USDT in July this year. Previously, Tether released its financial report for the second quarter of 2025. The report shows that as of June 30, 2025, the circulation of USDT exceeded $157 billion, an increase of $20 billion since the beginning of the year. The financial report also indicates that Tether holds a total of $127 billion in U.S. Treasury bonds, with $105.5 billion held directly and $21.3 billion held indirectly, representing an increase of approximately $8 billion compared to the first quarter. The company achieved a net profit of $4.9 billion in the second quarter, with total profits for the first half of 2025 reaching $5.7 billion, of which recurring profits accounted for $3.1 billion.
Chaos Labs Proposes Allocation of 2.37 Million DYDX Token Rewards to Surge Season 4 Participants
According to a report by Jinse Finance, the dYdX Foundation has disclosed that Chaos Labs has submitted a proposal to allocate 2,377,049 DYDX tokens from the community treasury to 1,969 eligible traders who participated in the fourth season of the dYdX Surge program. In this season, the top three recipients received DYDX token rewards valued at $269,151, $117,562, and $113,513, respectively.
According to a report by Jinse Finance, the dYdX Foundation has disclosed that Chaos Labs has submitted a proposal to allocate 2,377,049 DYDX tokens from the community treasury to 1,969 eligible traders who participated in the fourth season of the dYdX Surge program. In this season, the top three recipients received DYDX token rewards valued at $269,151, $117,562, and $113,513, respectively.
Ethena TVL Surpasses $10 Billion, USDe TVL Up 62.85% in the Past 30 Days
According to Foresight News, data from the official Ethena website shows that Ethena's TVL has surpassed $10 billion. Of this, USDe's TVL stands at $8.64 billion, marking a 62.85% increase over the past 30 days, while USDtb's TVL is $1.44 billion.
According to Foresight News, data from the official Ethena website shows that Ethena's TVL has surpassed $10 billion. Of this, USDe's TVL stands at $8.64 billion, marking a 62.85% increase over the past 30 days, while USDtb's TVL is $1.44 billion.
Opinion: BTC Will Bottom Out Today or Monday, One-Year Target Price Set at $200,000 to $250,000
Foresight News reports that crypto trader Alex Krüger has released a market analysis, stating that he believes the current market is a smaller-scale repeat of last August’s crash. He views Trump’s political statements as mere “noise” for the market, with the real trigger for the sell-off being U.S.-Russia nuclear submarine and war rhetoric. Krüger expects BTC to bottom out today or on Monday, and anticipates that the Federal Reserve may cut rates in September. He is optimistic about the crypto market’s performance in Q4, citing a robust economy, expectations of rate cuts, and increased adoption. His one-year target price for BTC is $200,000–$250,000, and he predicts the Federal Reserve will turn dovish before May 2026, with the economy potentially overheating.
Foresight News reports that crypto trader Alex Krüger has released a market analysis, stating that he believes the current market is a smaller-scale repeat of last August’s crash. He views Trump’s political statements as mere “noise” for the market, with the real trigger for the sell-off being U.S.-Russia nuclear submarine and war rhetoric. Krüger expects BTC to bottom out today or on Monday, and anticipates that the Federal Reserve may cut rates in September. He is optimistic about the crypto market’s performance in Q4, citing a robust economy, expectations of rate cuts, and increased adoption. His one-year target price for BTC is $200,000–$250,000, and he predicts the Federal Reserve will turn dovish before May 2026, with the economy potentially overheating.
A major whale continues to accumulate ETH, withdrawing 10,200 coins from exchanges within 8 hours
According to Foresight News, monitoring by Lookonchain shows that the whale with the address starting 0xF436 has continued to purchase ETH, withdrawing another 10,245 ETH from exchanges in the past 8 hours, valued at approximately $36 million.
According to Foresight News, monitoring by Lookonchain shows that the whale with the address starting 0xF436 has continued to purchase ETH, withdrawing another 10,245 ETH from exchanges in the past 8 hours, valued at approximately $36 million.
BAYC #7940 Sold Today for 666 ETH
According to Foresight News, the OpenSea page shows that BAYC #7940 was sold today for 666 ETH (approximately $2.35 million).
According to Foresight News, the OpenSea page shows that BAYC #7940 was sold today for 666 ETH (approximately $2.35 million).
SEC Cryptocurrency Working Group to Hold 10 Roundtable Meetings Across the United States
BlockBeats News, August 2 — Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), will embark on a ten-city tour this fall as part of the SEC’s newly launched public engagement initiative on cryptocurrency. The regulator announced on Friday that it will host a series of roundtable meetings aimed at soliciting feedback from industry stakeholders, developers, and investors on new digital asset regulations under consideration.
“The Crypto Working Group is acutely aware that any regulatory framework will have far-reaching consequences, and we want to ensure our public engagement is as comprehensive as possible,” Peirce said in a statement. The agency’s Crypto Working Group is “particularly interested” in meeting with crypto startups that have been established for less than two years and have no more than ten employees. These roundtable discussions will take place from August to December.
Many of the SEC’s roundtable meetings in 2025 have received feedback from crypto institutions such as a16z Crypto and traditional asset management firms like BlackRock. In previous roundtable discussions, the Crypto Working Group has explored topics including cryptocurrency regulation, custody, tokenization, and decentralized finance.
BlockBeats News, August 2 — Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), will embark on a ten-city tour this fall as part of the SEC’s newly launched public engagement initiative on cryptocurrency. The regulator announced on Friday that it will host a series of roundtable meetings aimed at soliciting feedback from industry stakeholders, developers, and investors on new digital asset regulations under consideration.
“The Crypto Working Group is acutely aware that any regulatory framework will have far-reaching consequences, and we want to ensure our public engagement is as comprehensive as possible,” Peirce said in a statement. The agency’s Crypto Working Group is “particularly interested” in meeting with crypto startups that have been established for less than two years and have no more than ten employees. These roundtable discussions will take place from August to December.
Many of the SEC’s roundtable meetings in 2025 have received feedback from crypto institutions such as a16z Crypto and traditional asset management firms like BlackRock. In previous roundtable discussions, the Crypto Working Group has explored topics including cryptocurrency regulation, custody, tokenization, and decentralized finance.