China's 28M-User CaoCao Mobility partners with Victory Securities to explore RWA tokenization, stablecoin payments, and compliant digital currency issuance.
US Initial Jobless Claims Raises 8000
US initial jobless claims for the week ending August 2 rises to 226,000, expected 221,000, previous value revised from 218,000 to 219,000.
Trump Imposes 25% Tariff on India
Trump signs an executive order to impose an additional 25% tariff on goods from India in response to India's continued purchase of Russian oil. After the new tariffs on India were announced, oil prices rose sharply, reaching intraday highs.
Fed's Kashkari: Two Rate Cuts This Year Still Seem Appropriate
Fed's Kashkari states that two rate cuts this year still seem appropriate. However, if inflation rises due to tariffs, the Fed may pause rate cuts or even consider rate hikes.
U.S. Federal Government Partners with OpenAI to Promote AI Applications
The U.S. General Services Administration (GSA) announces a partnership with OpenAI to provide ChatGPT Enterprise services to all federal agencies, with each agency paying a $1 usage fee. The initiative is a key component of the Trump administration's AI action plan, aimed at improving government efficiency.
OpenAI CEO Sam Altman states that providing AI tools to public service departments can help government staff better serve American citizens. As part of the collaboration, federal employees will receive customized training resources and guided learning programs.
Ethereum Foundation Announces Expansion Progress: Mainnet Gas Limit Raised to 45 Million, Targeting 100 Million
Ethereum Foundation reveals that the Ethereum mainnet has raised its Gas limit to 45 million following the Berlinterop event, marking the first step toward the 100 million Gas target.
Additionally, all major execution-layer clients have deployed the pre-merge history expiration feature, significantly reducing node disk usage. The Foundation has appointed Marius van der Wijden to co-lead L1 scaling efforts alongside Ansgar Dietrichs and Tim Beiko. It is also considering block-level access lists (BALs) as a key feature of the Glamsterdam upgrade.
Moreover, the Ethereum Foundation is developing zkEVM verification clients, which will use zero-knowledge proofs to validate block execution in the future, significantly enhancing L1 scaling capabilities.
Live Trading Platform Sidekick Announces the Establishment of Sidekick Foundation and Unveils Tokenomics Model
Live trading platform Sidekick announces the launch of Sidekick Foundation and its native utility and governance token, K. The token will be used for tipping, subscriptions, unlocking exclusive content, and participating in governance.
K has a total supply of 1 billion tokens, with an initial circulating supply of 111 million tokens (11.13% of the total). Token allocation is as follows:
Shares allocated to investors, advisors, and core contributors will be locked for 12 months, followed by a 24-month linear unlocking period.
ConsenSys CEO: "42 Is the Answer to Linea TGE Date"
Ethereum co-founder and ConsenSys CEO Joseph Lubin participated in the Linea podcast yesterday. When asked by community users about the specific date for Linea's TGE, he responded, "I think 42 is the answer to that question."
Galaxy Digital CEO: The Wave of Corporate Crypto Holdings Has Peaked
Galaxy Digital founder and CEO Michael Novogratz stated during the company's Q2 earnings call that the trend of corporations incorporating cryptocurrencies into their balance sheets may have reached its peak. He emphasized that the key now lies in observing which existing companies will evolve into industry leaders.
Tornado Cash Developer Found Guilty of Operating Unlicensed Money Transmission Business
A Manhattan jury has found Tornado Cash developer Roman Storm guilty of conspiring to operate an unlicensed money transmission business but failed to reach a consensus on charges related to money laundering and sanctions violations.
Several crypto organizations, including the DeFi Education Fund, expressed disappointment with the verdict and pledged continued support for Storm. The Blockchain Association stated that the ruling sets a dangerous precedent for open-source software developers and urged Storm to appeal. Samson Enzer, a partner at CahillNXT, commented that the verdict indicated the government failed to adequately prove that Storm knowingly assisted criminals in laundering money through Tornado Cash. Storm himself has vowed to continue fighting the charges.
Parataxis Plans to Merge with SilverBox Corp IV and Raise $640 Million to Support BTC Reserves
Crypto investment startup Parataxis Holdings is set to merge with SilverBox Corp IV SPAC, aiming to raise $640 million for a Bitcoin fund management company that will be listed on the New York Stock Exchange (NYSE) under the ticker symbol PRTX.
Parataxis Holdings stated that the merger could provide up to $240 million in funding, subject to SilverBox Corp IV SPAC shareholder redemption rules. This includes $31 million in equity, which will be immediately allocated for Bitcoin purchases. Additionally, Parataxis announced that it has signed a share purchase agreement allowing it to issue and sell up to $400 million in equity. The combined efforts are expected to generate up to $640 million in total proceeds to support and accelerate the execution of its BTC fund management strategy.
Cosmos Health Secures $300 Million Funding and Launches Ethereum Reserve Strategy
Cosmos Health, a publicly traded company under the NASDAQ ticker COSM, has reached a securities purchase agreement with U.S. institutional investors, securing up to $300 million in senior secured convertible note financing.
Under the agreement, the company plans to allocate 72.5% of the net proceeds to establish an Ethereum reserve, while the remaining funds will be directed toward working capital and business development initiatives.
CaoCao Mobility to Explore RWA Tokenization and Stablecoin Payments
CaoCao Mobility has signed a strategic memorandum of understanding on virtual assets with Victory Securities, a licensed financial institution in Hong Kong. The collaboration will focus on three key areas: tokenization of RWA, application of stablecoin payments, and compliant digital currency issuance.
This partnership marks the first systematic exploration of integrating RWA and stablecoins within China's mobility industry. Cao Cao Mobility’s Executive Director and CEO Gong Xin stated that leveraging blockchain technology and Web3.0 innovation will accelerate the tokenization process of assets in the Robotaxi industry.
PEPE0.00 -0.24%
TON3.39 0.73%
BNB811.72 0.41%
SOL182.02 0.73%
XRP3.26 -1.71%
DOGE0.24 1.05%
TRX0.34 0.82%
ETH4221.69 1.35%
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