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Galaxy Digital's Alex Thorn refuted claims that Murad Mahmudov secretly sold $20 million in SPX tokens, asserting the rumors were a fabrication aimed at misleading the public. Despite this, SPX continues to struggle in the market.
Despite strong institutional interest, the IBIT Bitcoin ETF faces significant hurdles, including its vulnerability to stock market declines and recent ETF outflows in 2025.
Curve Finance founder Michael Egorov is developing Yield Basis, a new project aiming to solve impermanent loss, according to a pitch deck obtained by The Block.Yield Basis has raised $5 million at a $50 million token valuation, Egorov confirmed.
The move represents a 2% daily gain for ETH, while the total crypto market capitalization has declined by 2.4%.
- 12:42Vitalik shares post on "10 Years of Zero Maintenance for Ethereum"According to Jinse Finance, Vitalik Buterin reposted on X: Ethereum has been running continuously for ten years with zero downtime and zero maintenance. Meanwhile, Facebook experienced a 14-hour outage, Cloudflare abandoned 19 data centers, and other Layer 1 networks have faced multiple issues. Ethereum will never stop—whether it's forks, crashes, bubbles, lawsuits, hacks, or any dramatic events the internet might trigger. Even as banks collapse and servers require patching, Ethereum continues to operate.
- 12:12Everbright Securities: Stablecoins Will Drive the Rise of RMB Global Payment ActivityAccording to a report by Jinse Finance, Everbright Securities has released a research paper stating that the global retail cross-border payments market will reach $39.9 trillion in 2024. FXC Intelligence forecasts that this figure will rise to $64.5 trillion by 2032, with a compound annual growth rate of 6.2% from 2024 to 2032. In business areas such as RMB cross-border clearing and multi-currency settlement, third-party payment institutions have become deeply integrated into the full-chain payment service ecosystem, playing a vital role. It is expected that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and diversify application scenarios, thereby creating significant revenue growth opportunities for third-party payment companies. (Daily Economic News)
- 12:12Yonhap News: South Korean Finance Minister may hold tariff talks with the United States on July 31According to Jinse Finance, Yonhap News Agency reports that South Korea's Finance Minister may hold tariff negotiations with the United States on July 31.