Author: TechFlow
Market Dynamics Yesterday
ETH Breaks Through $4,600, BTC Returns Above $120,000
HTX market shows ETH breaking through $4,600, and BTC returning above $120,000.
US July Unadjusted CPI Year-on-Year Rate at 2.7%, Expected 2.80%, Previous Value 2.70%
According to Jin10 data, the US July unadjusted CPI year-on-year rate is 2.7%, expected 2.80%, previous value 2.70%.
Politico: Trump Officials Consider Jefferson, Fed Vice Chair, as Fed Chair
According to the US political news site Politico: Trump administration officials are considering Fed Vice Chair Jefferson to become the Fed Chair.
Grayscale Registers Cardano and Hedera Trust ETFs in Delaware
According to official documents, GRAYSCALE CARDANO TRUST ETF and GRAYSCALE HEDERA TRUST ETF were both registered in Delaware, USA on August 12, 2025, as general statutory trusts, with CSC Delaware Trust Company in Wilmington, Delaware as the registered agent.
Stripe Appoints Paradigm Co-Founder Matt Huang as CEO of Tempo Project
According to Fortune, payment technology company Stripe has appointed Matt Huang, co-founder and managing partner of crypto investment firm Paradigm, as CEO of its blockchain project Tempo. Huang will retain his position at Paradigm.
Previously, financial technology company Stripe collaborated with Paradigm to develop payment blockchain Tempo.
pump.fun Sells 86,000 SOL for $16.28 Million USDC in First Sale
According to analyst Yu Jin, pump.fun sold 86,000 SOL five hours ago, obtaining $16.28 million USDC. The transaction process shows SOL transferred from fee and buyback wallets to Kraken, then withdrawn and sold on-chain at an average price of $189, with USDC then transferred back to Kraken.
Additionally, pump tweeted a summary of their current PUMP buyback data: bought $8.42 million worth of PUMP in the past week, with a total buyback of 7.29 billion PUMP (0.729% of total supply).
Qubic Responds to Monero 51% Attack: Experiment Proceeding as Planned
Qubic responded on social media to the Monero 51% attack, stating, "The Monero (XMR) experiment is proceeding smoothly as planned, and everything will be revealed at the appropriate time."
Previously, Slow Mist's cosine reported that the 51% attack on Monero seemed successful, with Qubic pool theoretically able to rewrite the blockchain, enable double spend, and censor any transaction.
Circle to Launch Stablecoin-Focused Layer 1 Blockchain ARC
According to Solid Intel, Circle will launch a stablecoin-focused Layer 1 blockchain called ARC.
Circle Releases Q2 2025 Financial Report: USDC Circulation Grows 90%, Net Loss of $482 Million
According to Businesswire, Circle released its Q2 fiscal year 2025 financial report. The report shows USDC circulation grew 90% to $6.13 billion by the end of the second quarter, with total revenue and reserve income growing 53% to $658 million. The quarter's net loss was $482 million, mainly due to two non-cash expenses related to the initial public offering (IPO).
Peter Thiel Investment Group Acquires 7.5% Stake in Ethereum Treasury Company ETHZilla
According to CryptoBriefing, the investment group of PayPal and Palantir co-founder Peter Thiel has acquired a 7.5% stake in biotech company 180 Life Sciences (soon to be renamed ETHZilla). The company recently announced its transformation into an Ethereum treasury institution and completed the sale of $156 million in senior secured convertible bonds. Previously, the company also completed a $425 million private placement.
This is the second investment by Thiel's group in the Ethereum treasury space. Previously, the group held over 9% of BitMine Immersion, currently the largest corporate Ethereum holder, managing approximately $5 billion in Ethereum assets.
Wall Street Journal: AI Startup Perplexity Offers $34.5 Billion Acquisition Bid for Google's Chrome
According to the Wall Street Journal, AI startup Perplexity has made a $34.5 billion acquisition offer for Google's Chrome.
The report states that Perplexity's offer far exceeds its own valuation (estimated at $18 billion). Perplexity claims that several investors, including major venture capital funds, have agreed to fully support the transaction.
Fosun International Plans to Apply for Hong Kong Stablecoin License, Guo Guangchang Meets with Government Officials
According to Tencent News, Fosun International has confirmed its plan to apply for a Hong Kong stablecoin license. Reports indicate that Fosun International founder Guo Guangchang personally led the stablecoin team to meet with Hong Kong SAR Chief Executive Lee Ka-chiu and Financial Secretary Chan Mo-po on August 6.
Fosun has assembled a dedicated stablecoin license application team. Its subsidiary Fosun Wealth, through the Star Route technology platform, has already made some deployments in the digital asset field, including participating in the distribution of tokenized money market funds launched by Huaxia Fund and developing a real-world asset (RWA) tokenization platform.
According to the Hong Kong Monetary Authority's timeline, prospective applicants can establish contact with regulators after August 1 and must formally submit license application materials by September 30. As of publication, Fosun has not commented on this matter.
Market Dynamics
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