News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Quick Take The Crypto Council for Innovation, Michael Saylor and Robinhood, among others, have all met with the SEC’s newly created crypto task force over the last several days. The SEC has been making moves to re-evaluate its approach to regulating crypto after years of what some in the crypto industry called a “regulation by enforcement” approach.
Quick Take Regulatory uncertainty remains a potential hurdle for Solana ETFs, as the SEC may classify SOL differently from Bitcoin and Ethereum despite a more crypto-friendly stance under new leadership. Bloomberg analysts estimate a 70% chance of Solana ETFs receiving SEC approval.
Quick Take Restaking protocol Byzantine Finance raised $3 million in pre-seed funding to support the development of its aggregation layer.
Quick Take Sam Bankman-Fried posted on X for the first time since January 2023, expressing his views on the recent mass layoffs in the U.S. government. FTT token briefly surged over 29% following Bankman-Fried’s posts.
Quick Take The Pectra upgrade was activated on the Holesky test network at 4:55 p.m. ET yesterday. This activation marks a key phase in stress-testing the upgrade before it is launched on Ethereum’s mainnet. Despite the planned launch, the network has not been finalized since activation.
- 09:47US Treasury Accepts Venmo and PayPal Donations to Help Repay Massive National DebtAccording to a report by Jinse Finance, citing US media, Americans can now donate to the Treasury to help pay down the national debt via Venmo and PayPal if they wish. Over the past 29 years, Americans have donated a total of $67.3 million, which has had virtually no impact on the current $36.7 trillion national debt. On Wednesday, an NPR reporter posted a screenshot on X showing a page on the Treasury Department’s official website where donations to the national debt program can be made through Venmo and PayPal. According to Axios, the maximum single donation allowed via Venmo is $999,999.99. Even at this amount, one would need to donate every 18 seconds just to keep up with the pace of the national debt’s growth. It is currently unclear when the Venmo and PayPal donation options were added to the website.
- 09:36Bitcoin Cash (BCH) Breaks Through $580, Analysts Bullish on $680According to ChainCatcher, citing CoinDesk, the price of Bitcoin Cash (BCH) has surpassed $580, marking a 24-hour increase of 5.25%, a weekly gain of 10.5%, and a monthly rise of 17.3%. Analysts note that BCH has broken through a long-term resistance level, and if the current trend continues, it could further climb to the $620–$680 range. Technical analysis indicates that BCH has established support zones at $556–$558 and $568–$570, with short-term resistance near $585. Trading volume saw a significant surge on July 27, reaching a daily peak of 120,748 units, reflecting strong buying activity in the market.
- 09:31Pudong Artificial Intelligence Seed Fund Officially Launched with a Total Scale of 2 Billion YuanAccording to Jinse Finance, at the 2025 Pudong New Area Global Promotion Conference for the Artificial Intelligence Industry Ecosystem held on July 27, the Pudong Artificial Intelligence Seed Fund was officially launched. The fund has a total size of 2 billion yuan, with the first phase amounting to 500 million yuan. It is a state-owned venture capital fund focused on the seed round stage, dedicated to investing in innovative talent and cutting-edge technologies. (CCTV News)