13:22
Data: MAG7.ssi index token daily gain exceeds 5.7%, annual return outperforms Bitcoin by 6.39%
According to ChainCatcher, the latest market data shows that while Bitcoin remains range-bound, the spot index token MAG7.ssi launched by SoSoValue Indexes has surpassed $0.94, posting a daily gain of 5.73%. Combined with additional SOSO airdrop incentives for staking MAG7.ssi, stakers are seeing an annualized yield of over 70%. MAG7.ssi is a passive index token issued by the SoSoValue Indexes protocol on the Base chain. The token is a synthetic spot asset composed of the top seven mainstream cryptocurrencies by market capitalization, including Bitcoin, Ethereum, and Solana, and is built on native chain and institutional-grade underlying asset custody. With an automatic monthly rebalancing mechanism, MAG7.ssi offers investors a diversified asset allocation solution, effectively dispersing investment risk while closely tracking the crypto market to capture excess returns. On-chain data currently shows that the total value locked (TVL) in the SoSoValue Indexes protocol has reached $200 million, with more than 400,000 on-chain holders of the index token.
13:17
Volcon Raises Over $500 Million to Launch Bitcoin Financial Strategy
On July 17, it was reported that American electric vehicle company Volcon announced the adoption of a Bitcoin financial strategy. The company has entered into securities purchase agreements with certain institutions and qualified investors for the private placement purchase and sale of 50,142,851 shares of common stock at a price of $10 per share, with total expected proceeds exceeding $500 million, after deducting placement agent fees and other offering expenses (private placement). Empery is serving as the lead investor, and participants in this offering include well-known crypto venture capital firms and infrastructure providers such as FalcolnX, Pantera, Borderless, RK Capital, and Relayer Capital, as well as traditional financial investors. The offering is expected to close around July 21, 2025, subject to customary closing conditions. The company plans to immediately use at least 95% of the total proceeds to acquire Bitcoin, which will serve as the company's primary financial reserve asset.
13:17
Decentralized messaging protocol developer Ephemera raises $20 million in Series B funding co-led by USV, a16z crypto, and Lightspeed Faction
According to ChainCatcher, as reported by The Block, Ephemera, the developer behind the decentralized messaging protocol XMTP, has completed a $20 million Series B funding round aimed at building and expanding its ecosystem. This round was co-led by Union Square Ventures, a16z crypto, and Lightspeed Faction, with participation from a certain exchange's Ventures, Offline Ventures, Sound Ventures (founded by Ashton Kutcher and Guy Oseary), and Distributed Global.