News linked to both this project and an event.
Singapore-based asset management firm Psalion has announced the launch of a $50 million fund targeting early-stage blockchain startups. Psalion stated it will support Pre-seed and Seed stage companies in the fields of infrastructure, real-world assets, stablecoins, DeFi, and trade finance. (The Block)
Hyperliquid co-founder iliensinc responded to the abnormal SK Hynix pricing incident on Trade.xyz this morning, stating that Hyperliquid is a permissionless blockchain, and different teams can deploy and operate markets based on its infrastructure. Among them, the xyz:SKHYNIX perpetual contract was deployed and is operated by the XYZ team. The XYZ team is currently investigating the situation and will release updates once a conclusion is reached.Iliensinc also explained that the HIP-3 market deployer is responsible for providing data such as the mark price, oracle, and external perpetual contract price. Taking the pricing mechanism of a BTC perpetual contract as an example, the protocol provides the median of the latest on-chain transaction price, the best bid price, and the best ask price as one of three price components. The other two prices are provided by the deployer, and together these three influence the final mark price.
In its financial system stability assessment report released this month, the International Monetary Fund (IMF) stated that Brazil's cryptocurrency-based cross-border fund flows have been growing steadily since 2017, with their scale now exceeding traditional capital movements. The report indicates that these fund flows are largely driven by stablecoins, which are utilized by both corporations and retail investors for efficiency and tax-related reasons. Stablecoin flows are correlated with international and local investment indicators such as the S&P 500, VIX, and Bitcoin prices, and are also influenced by exchange rates, interest rates, policy uncertainty, and changes in tax policies. The IMF noted that the Central Bank of Brazil has taken measures to regulate the virtual asset service provider (VASP) industry, but gaps remain in areas such as customer legal protection and the segregation of custodial assets. Comprehensive implementation of international standards, including the Travel Rule, is still necessary for anti-money laundering and combating the financing of terrorism (AML/CFT). The report points out that Brazil's crypto system is interconnected with the traditional financial system, and regulators need to collaborate with domestic and international counterparts to establish a more robust reporting framework. The Brazilian Congress is preparing to deliberate on Bill 4308/2024, aimed at regulating the status of stablecoins.
According to monitoring by the PPP Prediction Market Tool, in the Polymarket event "Will the Federal Reserve raise interest rates by 25 basis points after the July meeting?", a new account (0x0c689c8e78588fd3d02e56a6e787e7f9e9b09e76) purchased $196,000 worth of shares predicting the Federal Reserve will not raise rates by 25 basis points after the July meeting, with an entry price of 72.5¢.This event will determine the adjustment range of the federal funds target rate upper bound compared to before the meeting, based on the statement released by the Federal Reserve after the July FOMC meeting.If the rate adjustment range does not correspond to an existing option, it will be rounded up to the nearest 25 basis points for settlement. For example, a rate cut or hike of 12.5 basis points will be calculated as 25 basis points.Settlement is based on the official FOMC meeting statement and federal funds target rate data released by the Federal Reserve. If no relevant statement is released before the next scheduled meeting concludes, the event will be settled as "No Change."The Federal Reserve’s July FOMC meeting is scheduled for July 28-29.Join the PPP Signal Push Community to stay ahead and seize the opportunity.
the Securities and Exchange Commission of Zimbabwe (SECZ) has approved 7 fintech solutions to participate in its regulatory sandbox testing framework, covering blockchain platforms, synthetic trading, crowdfunding, and tokenization services. The framework provides a regulated environment for approved participants to test products, services, and business models before entering the broader financial market. The selected entities include blockchain capital raising platform Zimbabwe Entrepreneurship Exchange, asset tokenization platform Ndarama Standard, synthetic trading platform Questview Brokers, and web-based crowdfunding platform Crowdaxe Capital. Procode Platforms, Financial Securities Exchange, and Colmin Resources Zimbabwe were also approved, with their business focusing on tokenizing assets, infrastructure, or securities. SECZ stated that the objectives of the testing program include promoting responsible innovation, enhancing financial inclusion, and fostering fair, transparent, and efficient development of Zimbabwe's capital market. SECZ will continuously monitor and evaluate participants during the testing period and may issue further directives, guidelines, or operational requirements as needed.
Odaily Odaily News: The Bitcoin BIP-110 forced signaling window will open at block height 961632, expected around August 9, 2026. As of 8:40 AM (EDT) on July 27, the chain height is 959842, approximately 1790 blocks away from this activation block. The current BIP-110 signaling support rate is around 2.64%. BIP-110, officially named "Reduced Data Temporary Softfork," proposes to limit the size of certain data fields within Bitcoin transactions, targeting Ordinals-like inscriptions, large OP_RETURN payloads, and similar high-data-volume use cases. If activated, the restrictions will take effect at block 965664 and automatically expire after 52,416 blocks (approximately one year). Current signaling support primarily comes from Ocean, independent miners, and small-scale operators. Major mining pools such as Foundry, Antpool, ViaBTC, and F2pool have not yet switched to supporting the proposal. Foundry has requested clients to vote based on their average hashrate; only when “support” votes exceed 51% of the participating weighted hashrate will the pool switch all its blocks to signaling support. If the current signaling level persists until block 961632, nodes enforcing BIP-110 will reject blocks that have not signaled version bit 4 and will instead follow the minority of blocks that do signal. Unupgraded nodes will continue to accept both signaling and non-signaling blocks, and will follow the chain with the most cumulative proof of work.
Axe Compute Inc. (Nasdaq: AGPU) today announced a new five-year contract with a customer valued at over $1.5 billion to deploy a large-scale dedicated AI infrastructure cluster in the United States based on the NVIDIA Blackwell architecture. Secured through Axe Compute's Build program, the contract will provide over 9,200 NVIDIA Blackwell B300 GPUs to construct a dedicated cluster designed, deployed, owned, and operated by Axe Compute.Combined with previously announced Build agreements, this new contract brings the total value of contracts signed by Axe Compute in 2026 to over $3 billion. Axe Compute expects to receive over $534 million in customer prepayments related to this agreement and previously announced contracts within the next 30 days. These payments are expected to cover most of the associated GPU and infrastructure capital expenditures.The Axe Build program is expected to start generating monthly revenue this quarter, with additional clusters becoming operational in the fourth quarter of 2026. It is anticipated that this agreement, along with previously announced contracts, will bring the annualized run rate to over $696 million after deployment is complete, nearly double the $385 million run rate the company reported earlier this month.It is reported that Axe Compute Inc. is an artificial intelligence infrastructure platform based on a new cloud architecture.
on the eve of Changxin Technology's listing, multiple ETF fund managers including China Asset Management (ChinaAMC) and Harvest Fund Management issued cautionary notices. Certain ETFs under their management participated in the IPO subscription for Changxin Technology and valued it at the issuance price. However, the Indicative Optimized Portfolio Value (IOPV) for ETFs only reflects the issuance price of Changxin Technology and does not include its market price fluctuations. Therefore, on the first day of Changxin Technology's listing, the IOPV of these ETFs may differ from the fund's net asset value (NAV). Investors are advised to pay attention to the associated investment risks.In this regard, an ETF fund manager revealed that currently, fund companies generally participate in IPO subscriptions for these ETFs together with active equity funds. The ETF's IOPV is strictly calculated based on the PCF (Portfolio Composition File), and restricted stocks such as new shares are not included. If Changxin Technology sees a significant price surge on its listing day, the actual NAV of the participating ETFs would be slightly higher than the IOPV, resulting in a deviation. In such a scenario, potential arbitrage strategies could include buying ETFs while hedging with derivatives, retaining only the deviation's excess exposure. (Source: China Securities Journal Taurus)
South Korean bank KB Kookmin Bank will launch a blockchain-based corporate cross-border payment service next month, integrating J.P. Morgan’s Kinexys blockchain payment network. This makes it the first financial institution in South Korea to utilize the Kinexys network for corporate import and export settlement services.According to reports, the service will be offered through KB Kookmin Bank's domestic branches in South Korea and its Singapore branch. Initially, it will prioritize supporting USD cross-border remittances, covering 10 countries including South Korea, the United States, Singapore, Saudi Arabia, India, Thailand, Qatar, the United Arab Emirates, Bahrain, and South Africa. Kinexys is J.P. Morgan's blockchain business platform, providing institutional clients with programmable payments, asset tokenization, and near real-time settlement services. (The Block)
According to Chaoxiang Research, CXMT listed on the STAR Market on July 27, surging 471% at opening, with market capitalization briefly exceeding 3.3 trillion yuan. Nomura Securities released its initiation report on the same day, granting a Buy rating with a target price of 116 yuan, corresponding to a 20x P/E ratio based on 2028 EPS of 5.8 yuan, implying over 12x upside based on an issue price of 8.66 yuan. Nomura noted that AI is driving a structural surge in DRAM demand, with AI memory demand CAGR exceeding 60% from 2026 to 2030, while global supply growth rate is only 30% to 40%, and the supply-demand gap will continue to widen. As the world's fourth-largest DRAM manufacturer, CXMT currently holds a global share of about 10%, expected to rise to 18% by the end of 2028, approaching Micron's scale. Q1 2026 revenue was 50.8 billion yuan (YoY +719%), and net profit attributable to shareholders of the parent company was 24.76 billion yuan (YoY +1688%), with quarterly profit already exceeding the full year 2025. Nomura believes CXMT should enjoy a "China premium," with the 20x PE valuation based on the midpoint between Micron's 10x historical average and the 1 to 3x valuation gap between Chinese and US semiconductor equipment stocks. Northeast Securities gave a valuation range of 3.2 to 5.7 trillion yuan on the same day, while Nomura's 7.76 trillion yuan is relatively optimistic; the core divergence lies in CXMT's long-term market share ceiling.
South Korean trading company POSCO International and LG CNS are conducting a pilot program to deploy real-time trade receivables on the Injective blockchain, aiming to accelerate payment processes among its global subsidiaries. By placing receivables on a shared blockchain ledger, the two parties create a single, transferable record embedded with compliance rules, reducing reconciliation time between buyers, sellers, and banks. POSCO plans to advance this project into a live production environment after the pilot. The initiative involves blockchain applications such as trade finance, stablecoin-based funds transfer, and asset tokenization.
Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin's increasing momentum, ETF demand, and institutional adoption may indicate early signs of a new crypto bull run, driven by factors including tokenization, stablecoins, and blockchain-based financial markets. Hougan pointed out that since July 1st, Bitcoin has risen by 9%, while the Nasdaq 100 has fallen by 6%. He noted that market sentiment and ETF flows have improved, but the market has not yet confirmed a bottom. Hougan believes the next crypto cycle will focus on the convergence of blockchain technology and traditional finance, encompassing stablecoins, tokenization, 24/7 trading, instant settlement, and the expansion of institutional DeFi to a trillion-dollar scale. Hougan views Hyperliquid and Robinhood as two paths for on-chain finance. He stated that nearly half of Hyperliquid's trading volume comes from traditional assets such as crude oil, silver, and the S&P 500. Robinhood launched Robinhood Chain on July 1st to support tokenized stocks and DeFi services.
the WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have been detected suggesting that contract ownership may have been compromised. The relevant team is currently verifying the facts and assessing the impact of the incident, and will release the investigation results and subsequent response measures as soon as possible based on the progress of the investigation. Until further official updates are released, WEMIX reminds users to exercise caution regarding unverified information and to maintain a high level of vigilance when transacting or investing in related assets.
The Galaxy Head of Research stated in a post on X that, based on the current growth rate, even if the recent acceleration continues, the BIP-110 signaling will still be more than 51 percentage points below the mandatory 55% threshold by the activation block.
According to Upbit's announcement, South Korean crypto exchange Upbit will list Euler (EUL) on the Korean Won (KRW) market on July 26 at 12:00 (KST), supporting deposits and withdrawals on the Ethereum network. Within approximately 5 minutes after trading opens, buy orders and some sell orders will be restricted; within approximately 2 hours after opening, only limit orders will be supported. Euler is a decentralized finance lending protocol based on Ethereum, allowing users to create lending markets and deposit or borrow assets. Euler v2, launched in 2024, adopts a modular Vault structure, supporting users in building lending markets based on different assets and risk preferences, and can be extended to scenarios such as RWA, synthetic assets, and NFTs. The EUL token is primarily used for governance, Fee Flow bidding, and reward mechanisms.
The B.AI API platform officially launches the Claude Opus 5 model. This model provides a context window of up to 1 million tokens and a single output limit of 128,000 tokens, achieving significant performance leaps in scenarios such as complex reasoning, long code engineering development, large-scale document analysis, and knowledge-intensive workflows. To meet diverse deployment needs, this release simultaneously opens a dual-channel API access solution on the B.AI platform: in addition to the official standard interface, a new "Designated Service Provider" cooperation channel is added, through which enterprise users can obtain cost discounts of up to 40%, facilitating flexible balancing of performance and budget expenditure based on actual business loads. Developers can log in to the official B.AI platform starting today to experience the exceptional capabilities of Claude Opus 5 first.
Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, DEXE reached an all-time high of $49.432 on July 12. It began to decline on July 13, and on July 21, it experienced a single-day maximum drop of 88%, with the price falling from $46.93 to $5.648. Over 11 days, the decline reached 96.8%, with the price dropping from $49.423 to $1.56. Ai Yi stated that the large on-chain fund flows were primarily from CEX hot wallets, and no anomalies were found except for those involving Ceffu. Since July 13, the custody platform Ceffu has transferred a total of 797,900 DEXE to Binance, split across 6 transactions, with a total value of $6.15 million. This makes Ceffu the only entity, besides exchanges, to move over a million dollars worth of this token. Ai Yi noted that due to the Ceffu MirrorX mechanism, DEXE held in Ceffu generates a 1:1 mirrored position on the exchange, and on-chain asset transfers are settled automatically afterward. If this mechanism was used for front-running, the actual value corresponding to the 797,900 DEXE would be $39.44 million. Ai Yi further indicated that public records do not show the DEXE project team depositing tokens with Ceffu, with most tokens being held in the DAO treasury and team-related lock-up contracts. Among DEXE's official partners, Falcon had supported DEXE as collateral on its platform. Falcon's asset custodian includes Ceffu, and Falcon Finance is associated with DWF Labs, which is also on DEXE's partner list. Ai Yi stated that the above conclusions are based on on-chain data and public clues, and it cannot be ruled out that the project team or other market makers are involved.
: According to official announcement, Gate Direct IPO (IPO Access) second phase project Jersey Mike’s (JMKE) will open intention subscription on July 27, 2026 at 10:00 (UTC+8). Users can participate using USDT or GUSD, have the opportunity to receive corresponding stock shares, and trade through the Gate stock section after listing.This subscription period will last until July 29, 2026 at 10:00 (UTC+8). The reference subscription price is $21-$25 per share, with a minimum investment of 100 USDT or 100 GUSD and a maximum investment of 500,000 USDT or 500,000 GUSD, with no additional fees. Regarding subscription quotas, the USDT and GUSD subscription pools each account for 50%. The platform will calculate the allocation ratio based on the user's average hourly locked amount during the subscription period.This subscription is an "intention subscription." The final allocation result will be determined comprehensively based on the actual IPO issuance situation, the platform's allocated quota, and user participation. Shares successfully allocated are expected to be credited to users' Gate stock accounts on July 30, 2026, and will be tradable through the Gate stock section after listing. These shares have no lock-up period and support 100% unlocking.
AI company Genspark has launched AI Workspace 6.0 and officially entered the South Korean market. Genspark COO Wen Shang stated in Seoul on July 24 that South Korea is one of Genspark's top markets, and the company plans to invest $100 million in the Korean market over the next three years to expand its team, partnerships, and business.AI Workspace 6.0 includes a persistent memory layer called SecondBrain, the first hardware device SecondBrain Note, the email AI agent GenMail, the design feature AI Design, and the team collaboration platform GenTeam. SecondBrain is used to integrate information from users' existing office tools and supports AI agents in utilizing records of past projects, decisions, and communications in subsequent work.SecondBrain Note is the size of a credit card and can record meetings, calls, conversations, and voice ideas, converting them into searchable structured memories synced to SecondBrain. Its current promotional price is $179. GenMail can learn a user's existing emails, expressions, work relationships, and work history to generate draft replies and execute related workflows within Gmail and Outlook.AI Design can convert natural language requests into visual materials and prototypes. GenTeam supports collaboration between people and specialized AI agents based on roles in a shared space. AI agents in fields such as marketing, design, development, and research can join as group chat members and execute work based on the team's collective memory and permissions.
Aster, a decentralized trading platform, announced the launch of Aster Vault Beta, allowing users to participate in trading strategies driven by active management without needing to execute every single trade themselves.According to the introduction, users can deposit funds into the Vault, where strategy managers handle the trading operations. Users then share in the profits generated by the strategy or bear the corresponding losses in proportion to their fund contribution. Currently, only a limited number of Vaults are available for users during the Beta phase.Aster stated that this feature aims to lower the barrier for users to participate in active trading strategies, enabling them to access professional trading strategies through fund custody. The platform plans to further expand the Vault ecosystem based on feedback received during the Beta phase.