1. Trump Accuses Employment Data of Fraud, Demands Replacement of Labor Statistics Bureau Chief and Federal Reserve Chairman
Donald Trump posted that he accuses Erika McEntarfer, the Labor Statistics Bureau chief appointed by the Biden administration, of fabricating employment data before the 2024 election. He claims the agency exaggerated employment growth by approximately 810,000 in March 2024 and overestimated by 112,000 in August and September. He stated that he has instructed his team to immediately replace McEntarfer and criticized the agency's repeated data modifications as always skewing negative. Additionally, Trump accused the Federal Reserve of having political intentions with two significant interest rate cuts before the election and called for the removal of Chairman Jerome Powell.
2. Arthur Hayes: BTC Will Test $100,000, ETH Will Test $3,000
BitMEX co-founder Arthur Hayes tweeted that the U.S. tariff bill will expire in the third quarter, and after the non-farm data release, the market generally expects increased macroeconomic pressure. Currently, no major economic entity can create credit at a sufficient speed to drive nominal GDP. He predicts Bitcoin will test $100,000 and ETH will test $3,000.
3. JPMorgan Accused of Squeezing Crypto Industry through High Fees
a16z partner Alex Rampell wrote that despite the end of "Blockade Operation 2.0", U.S. major banks are brewing "Blockade Operation 3.0" - suppressing competition by charging high user fees, restricting data access, and blocking unpopular crypto and fintech applications. He pointed out that banks like JPMorgan are trying to artificially increase the cost of transferring funds to Coinbase, Robinhood, or applying for fintech loans to weaken emerging platforms' advantages.
4. Supreme Procuratorate Focuses on Cryptocurrency Judicial Disposal, Six Research Topics Simultaneously Initiated
The Supreme People's Procuratorate released the "2025 Annual Procuratorial Application Theoretical Research Topics Approval Announcement", establishing six research topics related to virtual currencies, including: "Research on Criminal Cryptocurrency Disposal Paths", "Research on Virtual Currency Crime Regulation and Judicial Disposal", "Research on Criminal Legal Risks and Countermeasures under Rapid Virtual Currency Development", "Research on Legal Attributes and Judicial Disposal Paths of Virtual Currencies", "Research on Practical Issues of Criminal Judicial Disposal of Involved Cryptocurrencies", and "Research on Evidence Review of Virtual Currency Cases". Four of these focus on judicial disposal of involved cryptocurrencies, indicating high attention from the Supreme Procuratorate.
5. Wang Yongli: Blockchain Advantages over Traditional Banks and SWIFT are Obvious
Former China Bank Vice President Wang Yongli pointed out that blockchain and crypto technology now integrate to achieve borderless global coverage on a single platform, embedding platform operation rules within the system. This eliminates the need for platform controllers as intermediaries, with users registering on a unified platform without needing to register with clearing institutions. Payments are made directly point-to-point by the payer, with platform system nodes performing distributed verification, storage, and accounting, ensuring full process transparency, traceability, and difficulty in falsification. This can significantly improve efficiency and reduce costs, with advantages over traditional cross-border payment and clearing systems dominated by banks and SWIFT being particularly evident, bringing massive impact to traditional payment clearing systems.
6. Singapore Investigates ATPL and Crypto Exchange Tokenize Xchange
Singapore's MAS stated that the Singapore Police's Commercial Affairs Department is investigating AmazingTech Pte Ltd and its affiliated companies. ATPL operated the crypto exchange platform Tokenize Xchange under exemption. MAS received multiple customer complaints about ATPL delaying customer withdrawal processing. Subsequently, MAS discovered indications that ATPL lacks sufficient assets to meet customer claims and may not have separated customer assets from ATPL's assets. When applying for a primary payment institution license, ATPL may have made false statements to MAS regarding the isolation of customer assets.
7. Wu Blockchain Weekly Selection: Ethereum's 10th Anniversary, U.S. Advancing Comprehensive Crypto Market Reform, Hong Kong Implementing Strict KYC for Stablecoins and Top 10 News
(The rest of the translation follows the same professional and accurate approach)Coinbase released its Q2 2025 financial report on July 31 and announced that it will launch new features such as tokenized stocks, prediction markets, derivatives, and early token offerings for US users in the coming months, aiming to create an "all-asset exchange". The company will gradually expand to international markets pending regulatory approval. This quarter, the company's revenue was $1.5 billion, lower than the expected $1.59 billion, a 26% decrease quarter-on-quarter; net profit was $1.43 billion, with an adjusted net profit of $33 million; trading volume was $237 billion, a 40% decrease quarter-on-quarter. Stablecoin revenue was $333 million, a 12% increase; blockchain rewards revenue was $145 million, a 26% decrease; and custodial assets reached $245.7 billion, a historical high. As of June 30, 2025, Coinbase's total BTC holdings for investment were 11,776 coins, an increase of 2,509 coins from the first quarter, with a total cost of $740 million and a fair value of $1.26 billion. The company stated that it continues to accumulate.6. Coinbase Releases Q2 Financial Report and Plans to Launch Tokenized Stocks and Prediction Markets link
Strategy (formerly MicroStrategy) released its Q2 2025 financial report. Influenced by the Bitcoin price rebound, the company achieved a net profit of $10 billion and announced that it will raise $4.2 billion through the issuance of STRC perpetual preferred shares to continue acquiring Bitcoin. This quarter, its Bitcoin holdings increased by nearly 20%, from 499,000 to 597,000 coins. Currently, the company has accumulated 628,800 Bitcoins, accounting for about 3% of the total Bitcoin supply. Previously, Strategy announced the completion of its first public offering of STRC (variable rate A series perpetual preferred shares), raising a total of $2.521 billion. After deducting underwriting fees and related expenses, the net proceeds were approximately $2.474 billion. Strategy has used the raised funds to purchase 21,021 Bitcoins at an average price of $117,256. As of July 29, 2025, its total Bitcoin holdings increased to approximately 628,791 coins, with a total cost of about $46.8 billion and an average unit price of $73,227.7. Strategy Reports Q2 Net Profit of $10 Billion, Plans to Raise $4.2 Billion to Acquire More Bitcoin link
JPMorgan Chase has reached an agreement with Coinbase to directly link customers' bank accounts and crypto wallets starting next year, eliminating the need for users to authorize accounts through third-party data aggregators like Plaid and MX Technologies. Additionally, they plan to launch a new feature this fall that allows users to fund their Coinbase accounts with Chase credit cards and convert Chase points into crypto assets. Coinbase stated that it will continue to maintain its existing relationships with data aggregators.8. JPMorgan and Coinbase Reach Agreement to Directly Link Bank Accounts and Crypto Wallets link
Tether released its Q2 2025 attestation report, completed by BDO, one of the top five independent accounting firms globally. In Q2 2025, USDT issuance exceeded $13.4 billion, bringing its circulating supply to over $157 billion (an increase of $20 billion year-to-date). As of the end of Q2 2025, Tether's total US Treasury holdings (including $105.5 billion direct and $21.3 billion indirect) exceeded $127 billion (an increase of about $8 billion from Q1 2025), making it one of the largest US Treasury holders globally. The net profit for Q2 2025 was approximately $4.9 billion, bringing the total net profit for the first half of the year to $5.7 billion.9. Tether's Q2 Net Profit Reaches $4.9 Billion, USDT Circulation Exceeds $157 Billion link
Bridgewater Funds founder Ray Dalio suggests that investors allocate 15% of their assets to Bitcoin or gold, given the rapid increase in US debt and the risk of US dollar depreciation. This recommendation is significantly higher than his 1-2% allocation suggestion in 2022. Dalio points out that the US may issue $12 trillion in new debt in the coming year, increasing the risk of a "debt doomsday cycle". According to Reuters, Bridgewater Funds founder Ray Dalio has sold his last remaining shares and officially exited the company he founded. Bridgewater sent a letter to clients on July 21 confirming this news. Sources say that the Brunei Sovereign Wealth Fund has acquired a minority stake in Bridgewater.10. Ray Dalio Suggests Investors Allocate 15% of Assets to Bitcoin and Gold to Address US Debt Crisis link
- CEA Industries and 10X Capital, supported by YZi, announce $500 million private placement - Upexi and A.G.P. reach a stock financing agreement of up to $500 million to accelerate SOL Treasury strategy - Mill City completes $450 million financing, purchases over 76 million SUI to launch on-chain asset reserve - ZOOZ plans targeted financing of $180 million to advance Bitcoin reserve strategy - Fundamental Global plans to rename to FG Nexus, announces $200 million financing to launch Ethereum Treasury strategy - Falcon Finance announces $10 million strategic investment from WLFI - Layer 1 blockchain network Stable announces completion of $28 million seed round - Starway Technology completes nearly $10 million Series A financing, with Solana Foundation participating - GAIB announces $10 million strategic financing, led by Amber Group - Circle Technology completes $40 million Series A2 financing to accelerate stablecoin infrastructure - Zodia Markets, a crypto trading platform under Standard Chartered Bank, completes $18.25 million financingKey Financing Events
Digital card Non-Fungible Token trading platform Courtyard announces the completion of a $30 million Series A funding round link
For more industry funding events, please visit crypto-fundraising.info.
