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Beyond is a native Bitcoin L1 interoperability protocol, providing the necessary infrastructure for users to securely bridge any token to, from, and within Bitcoin L1.
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Kalshi Crypto Business Lead: The "Top-Tier VC" Narrative Around SBF Is Inaccurate; The Real Mastermind Is "AI Stock God" Leopold
John Wang, Head of Crypto Business at prediction market platform Kalshi, stated on X that it is widely believed Sam Bankman-Fried (SBF) was a "top-tier venture capitalist" who successfully invested in star projects like Anthropic and Cursor. However, Wang argued this narrative is inaccurate. The real "core figure" driving these investment strategies and early resource allocation was actually "AI stock guru" Leopold Aschenbrenner, not SBF himself.Analysis suggests that this remark has sparked discussion within the crypto and venture capital circles, once again bringing the attribution of SBF's influence on early-stage investments in Silicon Valley and the crypto industry into the spotlight. It is reported that the AI fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, has grown to over $20 billion in scale, with quantitative giant Jane Street making a rare capital injection. Situational Awareness has achieved a year-to-date return rate of 270% and cumulative returns exceeding 1,000% since its inception. Equity bets on Anthropic have contributed the most successful returns, accounting for one-fifth of its assets. Beyond public markets, Situational Awareness also co-led an investment round in AI chip company MatX with Jane Street and participated in the latest funding round of AI cloud computing provider Fluidstack.
Texas 2025 Crypto Kiosk Fraud Losses Hit $56.8 Million, Lawmakers Consider Measures Beyond Regulation
Odaily News: Data submitted by the FBI to a legislative committee shows that in 2025, losses related to cryptocurrency kiosks in Texas reached $56.8 million, involving 1,179 complaints, ranking first among all U.S. states. Nationwide, related complaints totaled 13,460, with reported losses surging 58% year-over-year to $389 million. Cryptocurrency kiosks accept cash and convert it into cryptocurrency, typically located at gas stations and convenience stores. According to Texas Tribune data, there are approximately 4,000 such machines in Texas. Scammers often trick victims into withdrawing cash from their bank accounts and depositing it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovery is nearly impossible, as the money typically flows to non-custodial wallets and then into mixers and other channels. He added that AI-generated impersonation content of police and state agencies has made phone-based scams more deceptive. AARP data shows that since 2023, around 30 U.S. states have enacted laws related to cryptocurrency kiosks. Indiana imposed a full ban on such machines in March, with Tennessee and Minnesota following suit. Texas House Committee Chairman Rep. Cole Hefner said the state will consider measures that go beyond the scope of regulation.
Goldman Sachs: Circle and USDC Are Moving Beyond the Crypto World, Cross-Border Payments and AI Agents Become the New Battlefield
According to TechFlow Research, minutes from Goldman Sachs' July 5 Circle management meeting indicate that stablecoin growth has decoupled from crypto market cycles, with use cases rapidly expanding towards cross-border payments, consumer e-commerce, capital market settlement, and AI agent payments. USDC accounts for approximately 99% of trading volume in the x402 agent payment protocol. Circle pointed out that the "digital dollarization" trend in emerging markets is accelerating, with USDC becoming a tool to replace local currencies and unreliable banking systems. If passed, Circle believes the CLARITY Act will be a catalyst rather than a headwind; the bill allows issuers to continue revenue sharing to incentivize distribution and encourages usage-based reward mechanisms rather than passive holding.
Analysis: U.S. Treasury Yield Curve Continues to Flatten, Signaling Hawkish Stance, Potentially Curbing Bitcoin’s Short-Term Rebound
the bond market is signaling increasingly restrictive interest rate expectations, which may continue to weigh on risk assets like Bitcoin. The spread between the U.S. 2-year and 10-year Treasury yields has narrowed to approximately 28 basis points, its tightest level since April 2025, indicating a clear flattening of the yield curve. This shift is widely interpreted as a heightened market expectation of tighter monetary policy or “higher for longer” interest rates.Skanda Amarnath, Executive Director of the policy research organization EmployAmerica, noted that this flattening trend is "one of the clearest market signals that the Federal Reserve is becoming more hawkish." In a more hawkish interest rate environment, the market anticipates rates remaining elevated for a longer period, which enhances the appeal of fixed-income assets and diminishes the investment demand for non-yielding assets such as Bitcoin.Beyond the 10-year to 2-year spread, the gap between the 30-year and 5-year Treasury yields has also fallen to its lowest level since last April, further reinforcing the overall flattening trend of the yield curve.Market participants believe this change represents a significant reversal from the environment earlier this year, which was characterized by a steepening curve and bets on rate cuts. In the latest round of policy signals, the Federal Reserve held interest rates steady, but its dot plot indicated a higher projected path for future rates compared to previous forecasts, with median interest rate expectations shifting upward across the board, strengthening the “higher for longer” narrative.Analysts suggest that if the high-interest-rate environment persists, risk assets like Bitcoin may struggle to stage a strong upward trend in the short term. The market could enter a phase of volatile downward pressure, intersecting with certain bottoming expectations tied to the halving cycle. (CoinDesk)
UK FCA Releases Final Draft of Crypto Asset Framework: Custody Beyond 24 Hours and Automated Permissions to Be Regulated
Odaily News The UK Financial Conduct Authority (FCA) has released the final draft of its crypto asset framework. The new rules are scheduled to bring most crypto activities under the regulatory scope of the Financial Services and Markets Act by October 25, 2027. According to the proposal, any institution holding customer crypto assets for more than 24 hours or possessing the ability to revoke customer permissions will be considered a regulated custodian and must hold a full safeguarding license. Validators and node operators offering value-added functions such as staking rewards or reward reinvestment will lose their technical exemption. Furthermore, stablecoin issuers operating within the UK must control the entire lifecycle from issuance to redemption. Relevant institutions are required to submit authorization applications between September 30, 2026, and February 28, 2027.
Xiao Feng: Supporting the launch of compliant stablecoins marks a new phase for Hong Kong’s digital finance system
HashKey Group Chairman Xiao Feng stated in an exclusive interview with the Hong Kong Wen Wei Po that Hong Kong’s issuance of the first batch of stablecoin licenses represents a significant milestone for the local digital asset market. He noted that this move further accelerates Hong Kong’s tokenization of fiat currency and completes a critical piece of infrastructure—clearing and payment systems—for its digital financial ecosystem. Beyond facilitating cross-border payments and trade settlements, Hong Kong-issued stablecoins will also serve as core mediums of exchange for digital asset transactions. Xiao Feng added that, in the long term, their greater value lies in enabling micro, cross-border, and programmable payments among AI agents, while synergizing with real-world assets (RWA), on-chain clearing, and other use cases—thereby helping Hong Kong secure a more pivotal role in the global evolution of digital assets and digital finance. He also emphasized that HashKey’s trading platform will adhere to principles of openness and regulatory compliance, supporting stablecoin issuers and related products that meet supervisory requirements to jointly foster healthy ecosystem development. Currently, HashKey is actively engaging in substantive cooperation discussions with licensed stablecoin issuers and welcomes institutions planning to launch compliant stablecoins in Hong Kong to establish partnerships. As a core participant in Hong Kong’s digital asset market, HashKey will leverage its existing licensed and compliant framework, fiat on-ramps, and industry resources to support compliant stablecoins across listing, liquidity provision, payment scenario expansion, and the implementation and refinement of related applications—driving orderly industry ecosystem development.
Texas 2025 Crypto Kiosk Fraud Losses Hit $56.8 Million, Lawmakers Consider Measures Beyond Regulation
Odaily News: Data submitted by the FBI to a legislative committee shows that in 2025, losses related to cryptocurrency kiosks in Texas reached $56.8 million, involving 1,179 complaints, ranking first among all U.S. states. Nationwide, related complaints totaled 13,460, with reported losses surging 58% year-over-year to $389 million. Cryptocurrency kiosks accept cash and convert it into cryptocurrency, typically located at gas stations and convenience stores. According to Texas Tribune data, there are approximately 4,000 such machines in Texas. Scammers often trick victims into withdrawing cash from their bank accounts and depositing it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovery is nearly impossible, as the money typically flows to non-custodial wallets and then into mixers and other channels. He added that AI-generated impersonation content of police and state agencies has made phone-based scams more deceptive. AARP data shows that since 2023, around 30 U.S. states have enacted laws related to cryptocurrency kiosks. Indiana imposed a full ban on such machines in March, with Tennessee and Minnesota following suit. Texas House Committee Chairman Rep. Cole Hefner said the state will consider measures that go beyond the scope of regulation.
0xSun: Robinhood Chain Could Drive Meme Coin Momentum, CASHCAT, PIPEDOG and Other Projects Worth Watching
Odaily News Trader 0xSun stated on social media that during Robinhood's earnings call, the only token appearing in a fleeting search bar was CASHCAT. Additionally, Robinhood CEO Vlad, when discussing the Robinhood Chain, mentioned that the chain will be built around RWA, adding that he also likes Meme coins.As a result, CASHCAT's market cap rebounded from approximately $30 million to nearly $50 million. 0xSun believes that an ideal trajectory for a public chain resembles the Base ecosystem in late 2024, initially driven by factors such as founder influence and team background, and later ignited by events like exchange listings. Currently, Robinhood possesses similar conditions, and tokens on its chain could benefit from expectations of potential exchange listings.Furthermore, 0xSun noted that the Meme coin PIPEDOG on the Robinhood chain saw its market cap quickly surge past $75 million within a few hours. The project team locked the liquidity pool and refunded 173 ETH to users affected by the initial contract. The project currently has deep liquidity, with the pool containing approximately $4.5 million in ETH at a market cap of around $30 million.Previously active HOODRAT also once approached zero due to the overall downturn of the Robinhood chain but recently received attention from Matt, the original artist of the Pepe comic, causing its market cap to rebound from a low of $500,000 to $5 million.Beyond Meme coins, 0xSun indicated that STONKBROKER is currently one of the better projects within the Robinhood ecosystem that combines NFT, RWA, and game mechanics, making it worthy of continued attention.
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Korean investors are betting on China's AI sector, buying up $2.8 billion worth of assets in six months: A-share stocks like NAURA Technology Group and Cambricon Technologies are being snapped up
According to data, in the first half of the year, Korean investors invested a total of $2.819 billion to snap up Chinese assets through both individual stocks and ETFs: A-share purchases surged by 130.55% year-on-year, with NAURA Technology Group and Cambricon Technologies leading the buying spree. In Hong Kong stocks, Semiconductor Manufacturing International Corporation (SMIC) and MiniMax saw the highest purchase volumes. A Standard Chartered Bank analyst stated bluntly that overseas capital's attitude towards Chinese assets "has fundamentally changed." Among them, semiconductor equipment company NAURA Technology Group topped the purchase list at approximately $33.94 million, followed by Cambricon Technologies ($27.28 million), with Contemporary Amperex Technology Co., Limited (CATL) ($12.54 million) ranking third.Beyond semiconductors, Korean capital is also spreading to a broader range of computing infrastructure, including servers, data centers, and power and network support. (National Business Daily)
Lenovo: DRAM and NAND Price Increases Will Become the New Normal, Continuing Beyond 2030
: Citrini analyst jukan posted on X platform, stating that Lenovo considers memory price increases the "new normal." DRAM and NAND flash memory prices have entered a structural upward cycle. Even if major suppliers continue to expand production, prices are unlikely to return to early 2025 levels. Higher costs are being passed through the entire industry. In the future, various electronic devices, including PCs and smartphones, are expected to face continued price pressure, with higher prices becoming the "new normal" after 2030.
Crypto Markets Wait-and-See Ahead of April US CPI Report: XRP and SOL Face Key Resistance Again
ahead of the release of the April US CPI data, the crypto market rally has temporarily stalled. Bitcoin has been oscillating within the $80,000 to $82,000 range recently, failing to break out effectively since last Wednesday. Market participants believe that while capital flows still point to the potential for a future breakout, inflation and macroeconomic risks are weighing on risk appetite.The United States will release the April Consumer Price Index (CPI) at 8:30 PM Beijing time tonight. According to FactSet data, the market expects April CPI to rise 3.7% year-over-year, up from 3.3% in March. If this forecast materializes, it would mark the largest increase since January 2024 and be significantly higher than the average of 2.7% over the past 12 months. Core CPI is expected to rise 2.7% year-over-year, up from the previous 2.6%.Analysts are concerned that against a backdrop of high oil prices and Trump's characterization of the US-Iran ceasefire as "extremely fragile," inflation data exceeding expectations could further trigger risk-off sentiment in the markets, dragging down risk asset performance.Lukman Otunuga, Head of Market Research at FXTM, stated that the market is entering a sensitive phase where geopolitical risks, inflation concerns, and central bank expectations are intertwined. High oil prices, uncertainties surrounding the Iran situation, and key US economic data could drive increased volatility in commodities, currencies, and global stock markets.Beyond macroeconomic factors, XRP and SOL are also approaching key supply zones again. XRP tested $1.50 today, but this level has repeatedly failed to be breached since February this year; SOL is once again nearing the resistance zone around $97.Meanwhile, institutional interest in related assets is heating up. The US spot XRP ETF recorded net inflows of $25.8 million on Monday, the highest since January 5th. Bitcoin and Solana ETFs also maintained net capital inflows, while the Ethereum ETF saw net outflows of $16.9 million. (CoinDesk)
Securing 15 Top-Tier Zero-Day Vulnerabilities: 0G Lab, in Collaboration with NUS, Peking University, and BUPT, Builds a Consensus Protocol Debugging Intelligent Agent Framework
Agora, an automated testing framework jointly developed by 0G Labs and research teams from the National University of Singapore, Peking University, and Beijing University of Posts and Telecommunications, has been accepted to ICML 2026. Agora is the first framework to deeply integrate domain-specific knowledge from distributed systems with a multi-agent collaborative architecture for automated vulnerability detection in production-grade consensus protocols. According to the paper, Agora has uncovered 15 previously unknown deep logic bugs (“Deep Bugs”) across mainstream consensus protocols—including Raft, EPaxos, HotStuff, and BullShark—spanning critical security issues such as execution divergence, monotonicity violations, topology flaws, and signature verification failures. Experimental results show that leading large language models—including GPT-5.2 and Claude 4.5—failed to detect any protocol-level vulnerabilities under identical test scenarios. Agora employs hypothesis-driven testing and a multi-agent collaboration mechanism, enabling deep security analysis of complex distributed systems through automated attack-scenario generation, test execution, and dynamic refinement. Beyond consensus protocols, the framework is designed for future extension to domains including database concurrency control, operating system kernels, and Web3 smart contract auditing.
U.S. Navy Admiral States That Bitcoin’s PoW Technology Can Increase the Cost of Cyberattacks and Support National Security Strategy
According to Cointelegraph, Admiral Samuel Paparo of the U.S. Navy stated at a hearing before the Senate Armed Services Committee that Bitcoin is a “valuable computer science tool,” and that its proof-of-work technology holds significant applications in cybersecurity—increasing attackers’ costs and enabling the protection of data, information, and command signals, thereby supporting U.S. national security interests. Paparo noted: “Beyond the economic dimension, it has extremely important computer science applications in cybersecurity.” Earlier, in 2023, Jason Lowery of the U.S. Space Force expressed a similar view.
0xSun: Robinhood Chain Could Drive Meme Coin Momentum, CASHCAT, PIPEDOG and Other Projects Worth Watching
Odaily News Trader 0xSun stated on social media that during Robinhood's earnings call, the only token appearing in a fleeting search bar was CASHCAT. Additionally, Robinhood CEO Vlad, when discussing the Robinhood Chain, mentioned that the chain will be built around RWA, adding that he also likes Meme coins.As a result, CASHCAT's market cap rebounded from approximately $30 million to nearly $50 million. 0xSun believes that an ideal trajectory for a public chain resembles the Base ecosystem in late 2024, initially driven by factors such as founder influence and team background, and later ignited by events like exchange listings. Currently, Robinhood possesses similar conditions, and tokens on its chain could benefit from expectations of potential exchange listings.Furthermore, 0xSun noted that the Meme coin PIPEDOG on the Robinhood chain saw its market cap quickly surge past $75 million within a few hours. The project team locked the liquidity pool and refunded 173 ETH to users affected by the initial contract. The project currently has deep liquidity, with the pool containing approximately $4.5 million in ETH at a market cap of around $30 million.Previously active HOODRAT also once approached zero due to the overall downturn of the Robinhood chain but recently received attention from Matt, the original artist of the Pepe comic, causing its market cap to rebound from a low of $500,000 to $5 million.Beyond Meme coins, 0xSun indicated that STONKBROKER is currently one of the better projects within the Robinhood ecosystem that combines NFT, RWA, and game mechanics, making it worthy of continued attention.
Squid Integrates Ripple's Stablecoin RLUSD, Enabling One-Click Cross-Chain Swaps
Squid, a cross-chain infrastructure platform, has announced the integration of RLUSD, the stablecoin issued by Ripple. Users can now swap into or out of RLUSD in a single transaction across different blockchains and digital assets.Through this integration, RLUSD will gain access to over 100 blockchains and more than 20,000 tokens supported by Squid. Users can directly exchange assets such as USDC, USDT, ETH, and XRP for RLUSD without needing to manually bridge chains, wrap tokens, or execute multiple transactions.RLUSD is natively issued on the XRP Ledger and Ethereum, and has been extended to Ethereum Layer 2 networks such as the XRPL EVM Sidechain, Optimism, Base, Ink, and Unichain via Wormhole's Native Token Transfer standard. Squid's routing layer sits atop these underlying transfer mechanisms, allowing users to utilize RLUSD irrespective of the specific issuance chain.Squid states that its intent-based routing system, which uses market makers to fulfill orders with liquidity on the destination chain, can settle transactions within seconds and is compatible with various cross-chain messaging and issuance standards. Beyond end-users, developers can also integrate RLUSD through Squid's tools for applications including cross-chain payments, treasury management, user onboarding, and DeFi.
US Republican entrepreneur sells 10 Bitcoin to raise funds for Congressional campaign
Republican fintech entrepreneur Michael Carbonara has sold 10 Bitcoins for $800,000 to fund his Congressional campaign, demonstrating a pro-cryptocurrency stance in this key battleground where the electoral landscape is shifting. Beyond the election, Carbonara believes blockchain can help governments increase transparency in the use of taxpayer funds. (Decrypt)
Gate Ranks Fourth Among Global Derivatives Exchanges, Accelerating Expansion into Prediction Markets and AI Ecosystem
A recent exchange report published by CoinDesk shows that Gate continues to maintain a leading global position in both spot and derivatives markets. In April, Gate's spot trading volume reached $39.3 billion, while its derivatives trading volume hit $350 billion. Combining both spot and derivatives, its total trading volume ranked fourth globally. Meanwhile, Gate also secured the fourth spot in the global derivatives exchange ranking, holding a 9.86% market share and maintaining its position as a top-tier trading platform worldwide.The report indicates that despite a general decline in overall derivatives market activity, the open interest on centralized exchanges saw a counter-trend increase of 16.9% in April, reaching $105 billion—a new high since February this year. Gate ranked fourth among global retail trading platforms in terms of open interest, with a 9.45% market share, reflecting its ongoing advantages in liquidity depth, trading activity, and competitiveness within the derivatives market.Beyond trading services, the CoinDesk report also highlighted multiple advancements in Gate’s products and ecosystem. Gate has become the first centralized exchange to integrate Polymarket, allowing users to participate in prediction market trading directly through the Gate App using USDT. Currently, Gate has established a systematic framework focusing on the convergence of AI and Web3, progressively forming an AI ecosystem comprising Gate.AI, Gate for AI Agent, GateRouter, and GateClaw. This positions Gate to accelerate its evolution into a key gateway for next-generation AI and on-chain interactions.
HTX’s brand IP “Huobao” completes strategic upgrade; “Huobao Birthday Fantasy Carnival” to be held soon
Recently, HTX announced the strategic upgrade of its brand IP, Huobao. This upgrade breaks the conventional definition of mascots, marking Huobao’s official evolution from a “visual identity” to an “emotional totem”—a heartfelt connection for global users and HTX’s digital avatar—continuously fostering deep resonance and value transmission between the brand and its community. Huobao’s comprehensive evolution also reflects HTX’s commitment to strengthening and upgrading user services. Beyond the rational world of crypto, HTX strives to offer global users warmer companionship and an ultra-refined service experience. Additionally, Huobao HTX (@HTX_huobao) has launched several reward campaigns on X, giving users the chance to win all-expenses-paid trips—including flights and hotel stays—to the Huobao Birthday Fantasy Carnival. On the day of the birthday celebration, even more generous perks await unlocking.
Xie Jiayin’s Q1 Performance Review Transcript: Moving Beyond a Single Narrative—UEX Panoramic Strategy Has Been Validated
Xie Jiayin, Bitget’s Head of Chinese-speaking Markets, revealed significant progress across multiple core business areas. In terms of liquidity, Bitget ranked first globally among centralized exchanges (CEXs) in net fund inflows over the past seven days. Its BTC reserves grew 86% year-on-year to 36,700 BTC. According to TokenInsight’s report, Bitget’s derivatives and spot liquidity both ranked among the top two globally. Strategically, the platform continues advancing its transformation into UEX, a comprehensive exchange. This quarter, Bitget completed a full app redesign, fully launched CFD trading—supporting 79 assets with up to 500x leverage—and expanded its U.S. stock token offering to 263 tickers. Per CoinGlass data, Bitget leads the industry in U.S. stock futures open interest, and its CFD daily trading volume exceeded $6 billion. On the product front, Bitget launched IPO Prime, an innovative token sale platform. Its inaugural offering is preSPAX—a digital token mirroring the listing gains of SpaceX. Additionally, Bitget completed a three-layer reconstruction of its AI trading engine and introduced GetClaw, a cloud-based AI trading assistant enabling users to execute automated live trades via natural-language commands. For its VIP ecosystem, Bitget established a $5 million Protection Fund and distributed nearly 1,000 preSPAX tokens to VIP users in two free airdrops: the first round (760 tokens) was distributed on April 16, and the second round (190 tokens) will be distributed on April 20.
Related news
Texas 2025 Crypto Kiosk Fraud Losses Hit $56.8 Million, Lawmakers Consider Measures Beyond Regulation
Odaily News: Data submitted by the FBI to a legislative committee shows that in 2025, losses related to cryptocurrency kiosks in Texas reached $56.8 million, involving 1,179 complaints, ranking first among all U.S. states. Nationwide, related complaints totaled 13,460, with reported losses surging 58% year-over-year to $389 million. Cryptocurrency kiosks accept cash and convert it into cryptocurrency, typically located at gas stations and convenience stores. According to Texas Tribune data, there are approximately 4,000 such machines in Texas. Scammers often trick victims into withdrawing cash from their bank accounts and depositing it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovery is nearly impossible, as the money typically flows to non-custodial wallets and then into mixers and other channels. He added that AI-generated impersonation content of police and state agencies has made phone-based scams more deceptive. AARP data shows that since 2023, around 30 U.S. states have enacted laws related to cryptocurrency kiosks. Indiana imposed a full ban on such machines in March, with Tennessee and Minnesota following suit. Texas House Committee Chairman Rep. Cole Hefner said the state will consider measures that go beyond the scope of regulation.
0xSun: Robinhood Chain Could Drive Meme Coin Momentum, CASHCAT, PIPEDOG and Other Projects Worth Watching
Odaily News Trader 0xSun stated on social media that during Robinhood's earnings call, the only token appearing in a fleeting search bar was CASHCAT. Additionally, Robinhood CEO Vlad, when discussing the Robinhood Chain, mentioned that the chain will be built around RWA, adding that he also likes Meme coins.As a result, CASHCAT's market cap rebounded from approximately $30 million to nearly $50 million. 0xSun believes that an ideal trajectory for a public chain resembles the Base ecosystem in late 2024, initially driven by factors such as founder influence and team background, and later ignited by events like exchange listings. Currently, Robinhood possesses similar conditions, and tokens on its chain could benefit from expectations of potential exchange listings.Furthermore, 0xSun noted that the Meme coin PIPEDOG on the Robinhood chain saw its market cap quickly surge past $75 million within a few hours. The project team locked the liquidity pool and refunded 173 ETH to users affected by the initial contract. The project currently has deep liquidity, with the pool containing approximately $4.5 million in ETH at a market cap of around $30 million.Previously active HOODRAT also once approached zero due to the overall downturn of the Robinhood chain but recently received attention from Matt, the original artist of the Pepe comic, causing its market cap to rebound from a low of $500,000 to $5 million.Beyond Meme coins, 0xSun indicated that STONKBROKER is currently one of the better projects within the Robinhood ecosystem that combines NFT, RWA, and game mechanics, making it worthy of continued attention.
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Goldman Sachs: Circle and USDC Are Moving Beyond the Crypto World, Cross-Border Payments and AI Agents Become the New Battlefield
According to TechFlow Research, minutes from Goldman Sachs' July 5 Circle management meeting indicate that stablecoin growth has decoupled from crypto market cycles, with use cases rapidly expanding towards cross-border payments, consumer e-commerce, capital market settlement, and AI agent payments. USDC accounts for approximately 99% of trading volume in the x402 agent payment protocol. Circle pointed out that the "digital dollarization" trend in emerging markets is accelerating, with USDC becoming a tool to replace local currencies and unreliable banking systems. If passed, Circle believes the CLARITY Act will be a catalyst rather than a headwind; the bill allows issuers to continue revenue sharing to incentivize distribution and encourages usage-based reward mechanisms rather than passive holding.
Korean investors are betting on China's AI sector, buying up $2.8 billion worth of assets in six months: A-share stocks like NAURA Technology Group and Cambricon Technologies are being snapped up
According to data, in the first half of the year, Korean investors invested a total of $2.819 billion to snap up Chinese assets through both individual stocks and ETFs: A-share purchases surged by 130.55% year-on-year, with NAURA Technology Group and Cambricon Technologies leading the buying spree. In Hong Kong stocks, Semiconductor Manufacturing International Corporation (SMIC) and MiniMax saw the highest purchase volumes. A Standard Chartered Bank analyst stated bluntly that overseas capital's attitude towards Chinese assets "has fundamentally changed." Among them, semiconductor equipment company NAURA Technology Group topped the purchase list at approximately $33.94 million, followed by Cambricon Technologies ($27.28 million), with Contemporary Amperex Technology Co., Limited (CATL) ($12.54 million) ranking third.Beyond semiconductors, Korean capital is also spreading to a broader range of computing infrastructure, including servers, data centers, and power and network support. (National Business Daily)
Lenovo: DRAM and NAND Price Increases Will Become the New Normal, Continuing Beyond 2030
: Citrini analyst jukan posted on X platform, stating that Lenovo considers memory price increases the "new normal." DRAM and NAND flash memory prices have entered a structural upward cycle. Even if major suppliers continue to expand production, prices are unlikely to return to early 2025 levels. Higher costs are being passed through the entire industry. In the future, various electronic devices, including PCs and smartphones, are expected to face continued price pressure, with higher prices becoming the "new normal" after 2030.