Daily News: Tron Rings the Bell on Nasdaq, White House to Allow Crypto Investment in 401(k), WOO X Suffers $12M Loss under Attack, and More

U.S. Weekly Jobless Claims Reach 217,000, Expected 226,000

U.S. initial jobless claims for the week ending July 19 reached 217,000, compared to expectations of 226,000 and a previous reading of 221,000.

Tron Inc. Rings the Opening Bell on Nasdaq

Tron Inc. rang the opening bell at the Nasdaq Stock Exchange in New York City's Times Square on July 24, 2025 at 14:27 UTC, marking a significant milestone in the company's evolution from a blockchain entertainment platform to a publicly traded entity. The ceremony, led by founder and CEO Justin Sun, followed a $100 million reverse merger with SRM Entertainment and coincided with TRX surging to ninth place in cryptocurrency market capitalization amid a 30% spike in 24-hour trading volume to $1.64 billion. The company, formerly known as SRM Entertainment, currently stands as the publicly listed enterprise holding the most TRX tokens.

White House to Allow 401(k) Investment in Cryptocurrency, BlackRock President Expects Large Private Equity Firms to Dominate Market

The White House prepares an executive order that will provide legal protection for 401(k) retirement plan administrators, allowing them to include private market funds, cryptocurrency and other alternative assets in investment options. BlackRock Inc. President Jon Gray stated that once the United States paves the way for 401(k) plans to expand investment areas beyond stocks and bonds, leading institutions in the alternative asset industry will be most likely to benefit. This move will bring significant changes to the U.S. retirement savings market, providing ordinary investors with more diversified investment channels while potentially creating new business growth opportunities for large private equity management companies.

Cyvers Alerts: WOO X Suffers Attack with Over $12 Million in Losses

Crypto security alert platform @CyversAlerts detects multiple suspicious transactions involving WOO X across BTC, ETH, BNB and ARB networks with estimated losses exceeding $12 million. On the Ethereum network, a suspicious address received $1 million worth of USDT and additional ETH from WOO's hot wallet. The $1 million USDT was subsequently converted to ETH, after which approximately $7.3 million in funds was transferred to a new address. The WOO team has confirmed the incident, stating: "We're currently investigating a contained incident that occurred on WOO X earlier today." User funds and trading remain unaffected, but the platform has temporarily suspended withdrawals during the investigation.

Memecoin Launch Platform LetsBONK Commits 1% of Revenue to Top Token Buybacks

LetsBONK announces it will allocate 1% of total revenue to buy back top token pairs in the BONK ecosystem. The platform has recently surpassed competitor Pump.fun to become the leading Solana-based memecoin platform by daily trading volume and token launches. Data shows LetsBONK generated approximately $1.5 million in fee revenue over the past 24 hours, meaning roughly $15,000 will be allocated weekly for buybacks. The total market capitalization of tokens launched on LetsBONK has exceeded $1 billion, with Useless Coin ranking first at approximately $312 million market cap.

Ripple Co-founder Chris Larsen Sells Approximately $200 Million Worth of XRP in Nearly 10 Days

Ripple co-founder Chris Larsen has reportedly sold approximately $200 million worth of XRP over the past 10 days. CryptoQuant analyst Maartunn (@JA_Maartun) commented, "Still buying? You're the exit liquidity."

NFT Platform Pixel Vault May Cease Operations

NFT platform Pixel Vault announces on July 24 UTC that after more than four years of development, the company has begun the process of potentially ceasing operations. The company had attempted to create a profitable and sustainable crypto entertainment enterprise but failed to succeed. Currently, Pixel Vault is in discussions with multiple parties regarding the possibility of acquiring the company and its various assets to continue serving the community.

Anchorage Digital Announces Launch of Stablecoin Issuance Platform

Anchorage Digital announces the launch of a stablecoin issuance platform on July 25, aimed at helping clients capitalize on the anticipated asset-backed token boom following the passage of key cryptocurrency legislation in the United States. As the parent company of Anchorage Digital Bank, the company is the only operating cryptocurrency firm holding a national trust charter regulated by the U.S. Office of the Comptroller of the Currency (OCC), and is positioning itself as a leading institutional-focused stablecoin issuer.

Strategy Plans to Increase Fundraising Scale from $500 Million to $2 Billion for Bitcoin Purchases

Strategy plans to increase its fundraising scale from $500 million to $2 billion for purchasing Bitcoin, according to market sources.

TON Foundation and Kingsway Capital Plan to Raise $400 Million for TONCoin Treasury

TON Foundation and Kingsway Capital plan to raise $400 million for the TONCoin treasury, according to market sources.

Elon Musk: Will Revive Vine in Artificial Intelligence Form

Elon Musk posts on social media platform that "We’re bringing back Vine, but in AI form".

OSL Group Plans to Raise Approximately HK$2.355 Billion Through Share Placement for Strategic Acquisitions and Stablecoin Business

OSL Group plans to raise approximately HK$2.355 billion through share placement for strategic acquisitions, stablecoin business and other purposes, according to market sources. On the morning of July 25, OSL Group announced on the Hong Kong Stock Exchange that on July 25, 2025 (before trading hours), the company had entered into placement and subscription agreements, general mandate subscription agreement, and special mandate subscription agreement. The total gross proceeds from transactions under these agreements are estimated at approximately HK$2.35503 billion, with net proceeds estimated at approximately HK$2.3361 billion.

The placement price is HK$14.90 per placement share, representing a discount of approximately 15.34% to the closing price of the shares quoted on the Stock Exchange on the last trading day. The company intends to use the total net proceeds for the following purposes: approximately 50% to support the company's strategic acquisition initiatives; approximately 30% for the development of global business and new business initiatives (including payment and stablecoin initiatives); approximately 20% for the group's general corporate purposes.