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Satoshi Nakamoto's net worth continues to rise as Ethereum's market capitalization surpasses SAP.
Bitcoin
Zhu Rongji's son Zhu Yunlai: Unlike Bitcoin, stablecoins need to establish credibility through "naming"
Zhu Yunlai, son of Zhu Rongji, former president and CEO of China International Capital Corporation, and a visiting professor of management practice at Tsinghua University, delivered a keynote speech at the fifth "Wisdom Gathering of China and Europe: Beijing Forum". In the context of the new era, the market's demand for efficient and stable trading mediums has become increasingly prominent, and the technological ideas behind cryptocurrencies such as Bitcoin have also provided inspiration—people are gradually realizing that through a combination token management model, it may be possible to construct better payment tools. However, the stablecoins in the current context are still quite far from "private currencies". A more realistic path may be for larger-scale, highly transparent international organizations to issue them, with their operational algorithms needing to be publicly verifiable—this is in stark contrast to the anonymity of Bitcoin. Stablecoins need to establish credibility through "naming" by clearly disclosing their clearing mechanisms, the composition of collateral assets, or specific methods of currency value management, etc. Ultimately, the value of stablecoins must be tested by actual application performance: if they can continuously maintain stability and efficiency, they may gradually become a part of the global consensus trading foundation through the market effect of "good money driving out bad money."
Canadian listed company Universal Digital acquires 10 Bitcoins for the first time
According to the official announcement, Canadian listed company Universal Digital has acquired 10 Bitcoins in the first treasury allocation. Previously, Canadian listed company Universal Digital announced the launch of a Bitcoin reserve strategy, planning to gradually reduce its existing altcoin holdings and convert them into Bitcoin. The company has signed a non-binding cooperation memorandum with Tokyo-listed company GFA to jointly design Bitcoin reserve solutions for Asian listed companies. According to the agreement, both parties will explore building Bitcoin reserve models for Japanese listed companies, developing warrants and other financing tools for Bitcoin acquisition, and improving the digital asset custody framework.
Strategy has gained over $28 billion in unrealized profits from Bitcoin investments
According to Bitcoin Magazine, Strategy has now achieved over $28 billion in unrealized profits from Bitcoin investments.
Bitcoin's market value surpasses Amazon, rising to the fifth position globally in asset market value
8marketcap data shows that Bitcoin's market capitalization has once again surpassed Amazon, reaching 2.36 trillion USD, climbing to the fifth position in the global mainstream asset rankings.
Satoshi Nakamoto's net worth continues to rise, with the value of his Bitcoin holdings exceeding $129 billion
As Bitcoin broke through $118,000 today, reaching a historic high, according to on-chain data from Akrham, Satoshi Nakamoto holds approximately 1.096 million Bitcoins, valued at $12.938 billion.
Ethereum
Ethereum's market value surpasses SAP, rising to 35th in the global asset market value ranking
According to 8marketcap data, Ethereum's market value has risen to $361.68 billion, surpassing SAP, and its global asset market value ranking has risen to 35th.
Ethereum Foundation Clarifies: The address that sold 1210 ETH this morning does not belong to the Foundation, but to Argot Collective
Hsiao-Wei Wang, the co-executive director of the Ethereum Foundation (EF), published a statement on X this morning indicating that the address that sold 1210 ETH does not belong to EF, but rather to the non-profit development organization Argot Collective, which was previously spun off from EF.
The Ethereum Foundation has transferred 21,000 ETH internally to related addresses in the past two months
According to monitoring by PeckShield, over the past two months, the Ethereum Foundation has transferred 21,000 ETH internally to its associated Gnosis Safe Proxy address 0xc061...0B6d. Subsequently, that address transferred 7,000 ETH to address 0x247B...583c, and within the past 7 hours, 1,210 ETH of that amount was exchanged for 3.5 million USDC.
Ethereum Foundation transfers 1000 ETH to associated address again
According to monitoring by PeckShield, the Ethereum Foundation address has again internally transferred 1,000 ETH (approximately 2.55 million USD) to the associated address 0xc061...0B6d. This address currently holds 14,000 ETH, worth about 39 million USD.
The US-listed company BTCS has raised its融资目标 to $225 million to increase its holdings of Ethereum
BTCS Inc., a company focused on blockchain technology (NASDAQ: BTCS), today announced that it has raised its fundraising target to $225 million to accelerate the company's accumulation strategy on Ethereum.
An Ethereum Foundation associated address sold 2,416 ETH in the past 24 hours
According to Onchain Lens monitoring, an address associated with a certain Ethereum foundation exchanged 1,206.7 ETH for 3.61 million USDC. In the past 24 hours, the address sold 2,416.7 ETH at an average price of $2,941, totaling a value of $7.106 million.
NASDAQ-listed company BTC Digital plans to establish a $1 million Ethereum reserve
BTC Digital (BTCT) announced the establishment of a $1 million Ethereum reserve. The company stated that this marks the first step in its transition from a pure hash power provider to a participant in on-chain financial infrastructure, and it will continue to increase its holdings of ETH based on market conditions and network upgrades in the future.
Other Projects
Musk: Grok will launch some cooler features this weekend
Musk: Some cooler features will be launched for Grok this weekend.
Robinhood officially launches ETH and SOL staking services for U.S. users
Robinhood(HOOD.O) officially launches Ethereum (ETH) and Solana (SOL) staking services for U.S. users.
Rumble partners with MoonPay to launch a crypto wallet in Q3
Video sharing platform Rumble (NASDAQ: RUM) today announced a partnership with cryptocurrency payment infrastructure company MoonPay to jointly promote a transformation in the monetization models for creators in the decentralized world. According to the agreement, MoonPay will provide full cryptocurrency access support for Rumble Wallet, which is set to launch in the third quarter of 2025, allowing users to seamlessly buy, sell, and exchange cryptocurrencies. At the same time, MoonPay's creative agency Otherlife will begin using Rumble Cloud for next-generation object storage and decentralized computing.
Trump's social platform Truth Social launches utility token
The social media platform Truth Social, founded by former U.S. President Trump, announced the launch of a utility token as part of its new loyalty rewards program, which is associated with its "Patriot Package" subscription service. According to the announcement, subscribers of the "Patriot Package" will accumulate "gems" on their Truth Social accounts based on their level of interaction with the platform. These gems will ultimately be linked to utility tokens on the Truth Social and Truth+ platforms. The subscription service is currently in the public testing phase, with a monthly fee of $9.99, offering 12 "premium, non-woke news channels," expanded video on-demand content, as well as platform verification badges.
Stablecoin startup Agora completes $50 million Series A funding, led by Paradigm
Stablecoin startup Agora announced the completion of a $50 million Series A funding round, led by Paradigm. The company completed a $12 million seed round last year, and after this funding, Agora aims to create its own stablecoin AUSD, a cryptocurrency pegged to the US dollar and other underlying assets.