Bitpush Editor's Daily Selected Web3 News:
[Coinbase Adds 2,509 BTC in Q2, Plans Tokenized Stocks and Prediction Markets for US Users]
Coinbase CEO Brian Armstrong stated on X platform: "Coinbase is bullish on Bitcoin. We acquired 2,509 BTC in the second quarter and will continue purchasing." Coinbase's Q2 financial report failed to meet market expectations, with retail trading volume declining in the previous quarter, causing the company's stock to drop approximately 6% in after-hours trading.
Coinbase confirmed to CNBC that it is preparing to offer tokenized versions of US stocks to American users, which are digital representations of stocks traded through blockchain technology. This will allow users to buy and sell tokenized stocks around the clock with faster settlement speeds and lower costs compared to traditional stock markets. This move comes amid a wave of Wall Street institutions exploring tokenization to improve capital market efficiency and accessibility.
Additionally, Coinbase plans to launch prediction markets, allowing users to bet on future event outcomes using crypto assets. These features are expected to be rolled out in the coming months, pending further regulatory clarity.
[Strategy Reports Record Q2 Net Income, Submits $4.2 Billion STRC Issuance to Increase Bitcoin Position]
Strategy's (stock ticker: MSTR) Q2 2025 financial performance showed record-breaking revenue. The company has exceeded its annual BTC yield target of 25%, far surpassing expectations, with its dollar earnings now exceeding $13 billion.
Data shows Strategy's Q2 total revenue was $114.5 million, a year-on-year increase of 2.7%. Operating income was approximately $14.03 billion, a 7,106% increase from the same period last year. This includes unrealized gains from Strategy's digital assets, amounting to $14 billion.
Alongside the financial report, Strategy announced an application for a $4.2 billion STRC issuance, which will be used to purchase more Bitcoin. The company has raised its annual BTC yield rate and "BTC earnings" targets to 30% and $20 billion, respectively.
[Ethereum Foundation Researcher Releases 10-Year "Lean Ethereum" Vision: 10k TPS, 100% Uptime, EVM 2.0, etc.]
Ethereum Foundation senior researcher Justin Drake released a development vision for the Ethereum protocol over the next decade, named "Lean Ethereum".
The vision aims to:
Performance Upgrade: Increase L1 TPS to 10,000 and L2 TPS to 1 million.
Extreme Reliability: Ensure 100% uptime while resisting quantum computing and state-level censorship threats.
Three Core Upgrades: Plans to launch "Beacon Chain 2.0" for the consensus layer, "post-quantum blobs 2.0" for the data layer, and "EVM 2.0" for the execution layer.
Drake emphasized that this vision is not just a technical blueprint, but also a pursuit of minimalism, modularity, and provable security "aesthetics". The announcement comes at Ethereum's tenth anniversary, charting a direction for its long-term development.
[Franklin Templeton and Other Asset Managers Revise Solana ETF Applications, Potentially Preparing for SEC Approval]
Multiple asset management companies, including Franklin Templeton, Bitwise, Fidelity, Grayscale, and VanEck, have submitted revised S-1 registration statements for their spot Solana ETFs to the SEC. Grayscale disclosed plans to charge a 2.5% management fee, payable in SOL.
NovaDius Wealth President Nate Geraci stated that these revisions indicate ongoing dialogue between issuers and the SEC to refine prospectus language, suggesting the approval process is progressing. Currently, the SEC is evaluating ETF proposals for numerous cryptocurrencies, including Solana, XRP, and Dogecoin.
[Short-Term Loan Company Mill City Completes $450 Million Private Placement, Spending Nearly $280 Million to Acquire 76 Million SUI]
Short-term loan and specialized financial services company Mill City Ventures III announced today the establishment of its Sui (SUI) asset reserve through a $450 million private placement. The company used most of the private placement proceeds to purchase 76,271,187 SUI at an average price of approximately $3.64, totaling nearly $280 million.
Mill City stated that through collaboration with the Sui Foundation, it has become the only crypto asset reserve strategy officially supported by a foundation. The company plans to use about 98% of the private placement's net proceeds for SUI acquisition and management, and will continue to accumulate on the open market.
The placement attracted numerous notable institutions, including Galaxy Digital and Pantera Capital. Galaxy CEO Mike Novogratz commented that this provides public market investors with a "clean, liquid, and institutional-grade" way to engage with the digital asset ecosystem, reflecting the trend of corporations incorporating various cryptocurrencies into their asset reserves.
[US SEC Launches Project Crypto to Modernize Securities Rules and Advance On-Chain Market Transition]
According to Reuters, the US Securities and Exchange Commission (SEC) has launched Project Crypto, aimed at modernizing securities rules and migrating markets on-chain.
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