July, 2025

July, 2025

The Daily: Trump’s Truth Social files for ‘Crypto Blue Chip’ ETF, Dubai approves tokenized money market fund in RWA push, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Phantom wallet unveils direct perp trading support, powered by Hyperliquid
Phantom's launch allows users to trade perps directly within the popular web3 wallet, powered by Hyperliquid's API....

Bitcoin-focused VC Ego Death Capital closes $100 million second fund
The firm plans to lead Series A rounds in companies building on Bitcoin with initial checks ranging from $3 million to $8 million....

ReserveOne aims for Nasdaq listing with $1B+ raise, backed by former Coinbase, Tether execs and ex-Commerce Secretary
Coinbase will act as a custodian and executives from Galaxy, Kraken, Pantera, and more have participated in funding....

SharpLink Gaming discloses holding 205,634 ETH in second-largest treasury behind Ethereum Foundation
Between June 28 and July 4, SharpLink purchased 7,689 ETH, valued at $19.7 million as of writing, for about $2,501 per token....

Mizuho bearish on Circle’s stock, says market overstates USDC’s medium-term growth outlook
CRCL debuted last month with an IPO price of $31 per share, and the stock currently trades around $205 per share....

Benchmark says Semler Scientific could close valuation gap with Bitcoin treasury peers, sees 150% upside in SMLR
As of July 2, the healthtech company (ticker SMLR) has amassed 4,636 BTC worth approximately $430 million at current prices....

Solana treasury firm Upexi’s SOL holdings climb above 735,000 as it eyes tokenized equity
Upexi's shares continue to trade below $4 a share after plummeting about 60% when investors filed to offload millions of shares....

KULR secures $20 million credit facility with Coinbase to help fund bitcoin accumulation
The company intends to use the net proceeds from the loan facility to fund its strategic bitcoin accumulation goals....

Vertex to sunset VRTX token, migrate DEX to Kraken-backed Layer 2 Ink
Vertex will scrap its VRTX token, burn treasury holdings and rebuild its DEX on Kraken-incubated Layer 2 network, Ink....

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