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Revolut Receives In-Principle Approval from Dubai’s VARA to Offer Crypto Services in the UAE
British fintech company Revolut announced that it has received in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA) to conduct crypto asset-related business in the UAE. The scope of Revolut’s approval includes brokerage and dealing, asset management and investment, as well as cryptocurrency trading services. Revolut stated that in the future, users in the UAE will be able to buy, sell, and hold digital assets through the Revolut App and the Revolut X trading platform. (Cointelegraph)
CFTC Chair Urges Congress to Pass the Clarity Act Soon, Otherwise Regulators Will Be Forced to Create Crypto Rules
Odaily News Odaily News U.S. Commodity Futures Trading Commission (CFTC) Chair Michael Selig urged the U.S. Congress to pass the Clarity Act as soon as possible. In an interview with Fox Business, he stated that if Congress fails to complete the relevant legislation, regulatory bodies like the CFTC will ultimately have to "make all the cryptocurrency rules." Selig said: "We have to get the legislation done. We want to establish clear regulatory standards and protect consumers." (The Block)
Lighter Founder Appointed to CFTC Innovation Advisory Committee
Odaily Odaily: Lighter founder and CEO Vladimir Novakovski posted on X: "As the United States celebrates its 250th anniversary, I am proud to have been building Lighter here from the very beginning. This year, I have also started doing my small part — serving as a member of the Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee."Odaily Note: The Innovation Advisory Committee was established to advise the CFTC on complex issues at the intersection of technology, law, policy, and finance.
Bernstein: Robinhood Q2 Prediction Market Revenue Could Surpass Crypto Revenue, Target Price Raised to $160
Odaily Odaily News Bernstein analyst Gautam Chhugani stated in a report on Robinhood that the platform's prediction market revenue could surpass its cryptocurrency trading revenue as early as the second quarter of this year. It is expected that by 2028, Robinhood's prediction market business will generate nearly $2 billion in annual revenue.Additionally, Bernstein has raised its price target for HOOD from $130 to $160.
A certain Chainlink whale transferred 431,000 LINK worth approximately $3.76 million to a Gnosis Safe multi-signature wallet.
Odaily星球日报报道 According to Onchain Lens monitoring, a Chainlink whale transferred 431,000 LINK to a Gnosis Safe multi-signature wallet, valued at approximately $3.76 million. The whale had previously accumulated and withdrawn these tokens from Binance across two wallets through multiple transactions over the past three weeks. The two final transfers were 176,029 LINK (worth approximately $1.53 million) and 255,468 LINK (worth approximately $2.23 million).
BONK continues to fall 7%, address involved in Bonk treasury worth $21.2 million transfers another 400 billion BONK to Coinbase
According to Odaily, as monitored by on-chain analyst Ember, the address that drained BONK worth $21.2 million from the Bonk treasury through a governance proposal has just transferred another 400 billion BONK, worth $1.19 million, to Coinbase. Since the earlier transfer this morning, BONK has continued to decline by another 7%.
Analyst: On July 14, the Meme launch platform Flap on Robinhood Chain added approximately 22,000 new tokens
on-chain analyst Tom Wan stated on platform X that on July 14, the Meme launch platform Flap on the Robinhood Chain added approximately 22,000 new tokens, surpassing the previous record of about 18,000 tokens issued in a single day set by NOXA.
Two third-party data tracking websites monitoring ETH and SOL treasury holdings of listed companies have stopped updating
According to monitoring by Odaily, two independent third-party websites—strategicethreserve[.]xyz, which tracks data on listed companies holding ETH treasuries, and strategicsolanareserve[.]org, which tracks data on listed companies holding SOL treasuries—have both ceased updating. The latest data on the former shows Bitmine increasing its ETH holdings on June 7; the latter website is no longer accessible, and the last update on its official social media account dates back to November of last year.
Pons: 20% of PONS Supply Burned in 8 Days; Platform Revenue to Be Used for Ongoing Buybacks
Odaily Pons stated on platform X that since its launch 8 days ago, 20% of the total supply of $PONS has been burned. The team stated that the Pons treasury will continue to use platform revenue to purchase $PONS in the future.According to GMGN market data, the market cap of the Robinhood ecosystem token PONS is currently reported at $30 million, with an intraday gain exceeding 100%. Odaily reminds investors that this token experiences extreme price volatility, often driven by market sentiment and hot topics, and lacks substantial value support. Investors should be aware of the associated risks.
Brother Machi Posts Multiple Tweets About Meme Coin Machi, Token Surges 235% Intraday
Brother Machi, Huang Licheng, has published multiple tweets about the Meme coin Machi. The token's price briefly broke through $0.0007 and is currently trading at $0.000668, representing an intraday increase of 235%.It remains unclear whether Brother Machi's X account has been compromised. Community users are advised to remain vigilant.Odaily reminds investors that Meme coin prices are highly volatile, primarily driven by market sentiment and concept speculation, and lack clear real-world utility. Investors should be aware of the associated risks.
Blockchain data infrastructure company Cambrian raises $6 million in seed funding, co-led by Franklin Templeton and Polychain
Odaily reports: Blockchain data infrastructure startup Cambrian has secured $6 million in seed funding, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.As previously reported by Odaily, Cambrian also received a $5.9 million pre-seed investment led by the a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million.Founded in 2024, Cambrian currently offers APIs for institutions and AI agents, providing real-time and historical on-chain data covering yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain. The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI agent builders, and protocols that require reliable data to control capital flows. Unlike traditional oracles that primarily provide price data, Cambrian aims to aggregate data from lending protocols, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexes approximately $4.5 billion in TVL across four major lending protocols, tracks 1,789 vaults managed by 895 curators, and monitors over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support by integrating Hyperliquid and richer perpetual contract data.
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Two third-party data tracking websites monitoring ETH and SOL treasury holdings of listed companies have stopped updating
According to monitoring by Odaily, two independent third-party websites—strategicethreserve[.]xyz, which tracks data on listed companies holding ETH treasuries, and strategicsolanareserve[.]org, which tracks data on listed companies holding SOL treasuries—have both ceased updating. The latest data on the former shows Bitmine increasing its ETH holdings on June 7; the latter website is no longer accessible, and the last update on its official social media account dates back to November of last year.
Liang Wenfeng: The Most Important Thing Now Is Coding Agent, the Long-Term Goal Remains AGI
that, according to "elsewhere," it has compiled and organized 52 statements made by DeepSeek founder Liang Wenfeng during a previous meeting. Liang Wenfeng stated that DeepSeek currently has only one main line, which is the technical route towards AGI. Products are merely "byproducts" of this process. The most important direction at this stage remains the Coding Agent. Following that, the focus will be on solving continuous learning, before further achieving AI self-iteration and ultimately moving towards embodied intelligence.In terms of commercialization, Liang Wenfeng indicated that DeepSeek does not pursue profit maximization, only obtaining reasonable profits. Open source and low pricing are both part of a "restrained" strategy. The goal is not to compete for more market share, but to increase the probability of ultimately achieving AGI. He also stated that DeepSeek has no intention of becoming the next super app, nor will it make directions such as 3D, video generation, or world models its current main focus.When discussing major model competition, Liang Wenfeng believes that the future gap will mainly be reflected in cost, time, and user experience, with cost being the most important. He also added that maintaining team stability is the company's "only non-negotiable" matter.
Bernstein: Robinhood Q2 Prediction Market Revenue Could Surpass Crypto Revenue, Target Price Raised to $160
Odaily Odaily News Bernstein analyst Gautam Chhugani stated in a report on Robinhood that the platform's prediction market revenue could surpass its cryptocurrency trading revenue as early as the second quarter of this year. It is expected that by 2028, Robinhood's prediction market business will generate nearly $2 billion in annual revenue.Additionally, Bernstein has raised its price target for HOOD from $130 to $160.
CoinShares Launches Bitcoin Mining UCITS ETF, Targeting Europe's $30 Trillion Institutional Investment Market
digital asset investment firm CoinShares has announced the launch of a new investment platform and the CoinShares Bitcoin Mining UCITS ETF, entering the European UCITS (Undertakings for Collective Investment in Transferable Securities) market ecosystem, which is valued at $30 trillion.CoinShares stated that this initiative aims to help the company expand its business to major European institutional investors, including pension funds, insurance companies, and private banks. (The Block)
Pons: 20% of PONS Supply Burned in 8 Days; Platform Revenue to Be Used for Ongoing Buybacks
Odaily Pons stated on platform X that since its launch 8 days ago, 20% of the total supply of $PONS has been burned. The team stated that the Pons treasury will continue to use platform revenue to purchase $PONS in the future.According to GMGN market data, the market cap of the Robinhood ecosystem token PONS is currently reported at $30 million, with an intraday gain exceeding 100%. Odaily reminds investors that this token experiences extreme price volatility, often driven by market sentiment and hot topics, and lacks substantial value support. Investors should be aware of the associated risks.
A certain Chainlink whale transferred 431,000 LINK worth approximately $3.76 million to a Gnosis Safe multi-signature wallet.
Odaily星球日报报道 According to Onchain Lens monitoring, a Chainlink whale transferred 431,000 LINK to a Gnosis Safe multi-signature wallet, valued at approximately $3.76 million. The whale had previously accumulated and withdrawn these tokens from Binance across two wallets through multiple transactions over the past three weeks. The two final transfers were 176,029 LINK (worth approximately $1.53 million) and 255,468 LINK (worth approximately $2.23 million).