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Share link:In this post: ZachXBT leaked a spreadsheet exposing over 200 crypto influencers paid to promote a project without disclosure. Only five out of 160+ who accepted the deal labeled their posts as ads. Prices ranged from $750 to $60,000 per post, with wallet addresses publicly listed.
Share link:In this post: BRC20 has officially upgraded to “BRC2.0” at Bitcoin block height 912690, opening the door to decentralized apps and DeFi on Bitcoin. Developers will be able to use Ethereum-style smart contracts on Bitcoin, while still being able to use Ethereum tools. 64% of the NFT market’s total sales since 2017 are based on Ethereum.
Share link:In this post: Sonic Labs secured 99.99% support from participating wallets to issue $200 million worth of its S tokens. Sonic intends to allocate $100 million for a Nasdaq-listed PIPE vehicle. The firm will also change its gas mechanism.
Bank of China shares soared after reports of a Hong Kong stablecoin license application. Hong Kong’s strict regime, drawing interest from global firms, highlights Asia’s push toward non‑USD stablecoins and booming investor appetite.
Yunfeng Financial Group, co-founded by Jack Ma, purchased 10,000 ETH tokens worth $44 million as strategic reserve assets. The move signals Chinese financial firms’ growing interest in cryptocurrency amid evolving regulatory landscapes.
- 23:00SoftBank plans to cut 20% of Vision Fund staff, reallocating resources to AI investmentsJinse Finance reported that, according to a memorandum, SoftBank will cut nearly 20% of its Vision Fund team globally in order to shift resources toward founder Masayoshi Son's large-scale artificial intelligence investments in the United States. This round of layoffs marks the third for the Japanese investment group's flagship fund since 2022. The Vision Fund's website shows that the fund currently has 44 employees. Unlike previous layoffs, which were due to massive losses, this round comes after the fund reported its strongest quarterly performance since June 2021 last month. This move indicates the fund is shifting away from a broad portfolio of startup investments. Sources said that while the fund will continue to make new investments, the remaining staff will devote more resources to Masayoshi Son's ambitious AI plans. It is reported that a spokesperson for the Vision Fund confirmed the layoffs but did not disclose details.
- 22:17Hybrid DEX GRVT based on ZKsync completes $19 million Series A financingJinse Finance reported that hybrid decentralized exchange (DEX) GRVT has successfully completed a $19 million Series A funding round, further advancing its development in the compliant, high-performance crypto trading sector. This round was co-led by GRVT’s technology partner ZKsync and Further Ventures. Further Ventures is an investment firm backed by the Abu Dhabi sovereign wealth fund. Other major supporters include EigenCloud (formerly EigenLayer) and 500 Global. The GRVT team stated that the majority of the funds raised will be used for product development and engineering to expand its product range, including cross-chain interoperability, options markets, and tokenized real-world assets (RWAs). GRVT is described as a “hybrid” DeFi platform aiming to combine the user experience and regulatory compliance of centralized exchanges (CEXs) with the self-custody, privacy, and decentralization features of traditional DEXs. It positions itself as the world’s first licensed and regulated on-chain exchange. The platform launched its mainnet Alpha version on Ethereum Layer 2 network ZKsync at the end of 2024, initially focusing on perpetual contract trading and has now expanded to spot and options trading. GRVT is actively seeking multi-jurisdictional licenses, including the EU MiCA license, Dubai VARA license, and Abu Dhabi Global Market (ADGM) capital market license.
- 22:01White House considers more CFTC chair candidates as nomination process faces obstaclesChainCatcher news, according to Golden Ten Data, due to the confirmation process for Brian Quintenz to become chairman of the US Commodity Futures Trading Commission (CFTC) being stalled, the White House is considering other candidates. Sources familiar with the matter indicated that possible contenders include government officials focused on cryptocurrency policy. The CFTC oversees trillions of dollars in swap transactions, and with legislation currently under review by Congress, the agency may gain greater influence in the digital asset sector.