Crypto Morning Briefing: Bitcoin price surpasses previous high, Worldcoin raises $135 million
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Crypto Morning Briefing: Bitcoin price surpasses previous high, Worldcoin raises $135 million
Solana Mobile announces the Seeker phone will ship on August 4, launching native token SKR.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
BTC price briefly surpasses 110,000 USD, setting a new all-time high
HTX market data shows that BTC price briefly broke through 110,000 USD this morning, peaking at 110,741 USD, reaching a new record high. It has since pulled back to 109,645.00 USD, with a 24-hour gain of 0.63%.
Former FOX journalist: The GENIUS Act has passed the motion and entered the amendment process
Former FOX journalist Eleanor Terrett stated on social media that the stablecoin GENIUS Act passed the debate motion by 69 votes in favor and 31 opposed, entering the amendment process.
Ng Ka-chung: Hong Kong LegCo passes Stablecoin Bill at third reading; applications to be accepted before year-end
Hong Kong Legislative Council member Ng Ka-chung disclosed that the Legislative Council of the Hong Kong Special Administrative Region has passed the Stablecoin Bill at third reading. After the bill’s passage, institutions are expected to apply to the Hong Kong Monetary Authority to become compliant stablecoin issuers by the end of 2025.
Ng stated that Hong Kong-issued stablecoins will be backed by legal tender as underlying assets, welcoming global enterprises and institutions interested in issuing stablecoins to apply in Hong Kong. He emphasized that stablecoin issuance is only the first step in Web3 infrastructure, and future efforts will focus on two directions: first, creating more stablecoin use cases, including physical retail and cross-border trade; second, enhancing stablecoin market attributes, such as enabling interest distribution to holders to improve market competitiveness.
Texas House passes strategic Bitcoin reserve bill SB 21, sent to governor for signing
According to Bitcoinlaws, the Texas House of Representatives passed SB 21 on third reading with 101 votes in favor and 42 opposed. The bill aims to establish a "Texas Strategic Bitcoin Reserve" to invest in crypto assets with a market cap of no less than 500 billion USD and has now been submitted to the governor for signature.
Trump family crypto project WLFI announces purchase of B tokens to support BUILDon team
World Liberty Financial (WLFI) announced its support for the BUILDon project and purchased a portion of B tokens.
On-chain data shows that the Trump family's crypto project WLFI used 25,000 USD1 three hours ago to buy 636,961.3179 BUILDon (B) tokens, after which B surged, surpassing a 100 million USD market cap.
Binance Alpha users with 199 points can claim TGT token
Official page shows that Binance Alpha users with 199 points can claim TGT token, requiring 15 points to redeem.
Solana Mobile announces Seeker phone shipping on August 4, launching native token SKR
According to official news, Solana Mobile announced that its second smartphone, Seeker, will begin shipping on August 4, 2025. Additionally, Seeker will launch the SKR token, the native asset of the Solana mobile economy. SKR tokens will be directly distributed to developers and users participating in the ecosystem.
Chillonic officially launches, post-public-sale price up over 342%, becoming the first programmable attention asset on Sonic SVM
The first programmable attention asset on Sonic SVM, Chillonic, has officially launched. Based on its proprietary "Chill-404" protocol, it enables bidirectional splitting and combining of NFTs and $CHILL tokens. Users can decompose NFTs into tradable tokens based on rarity or participate in yield strategies via DeFi scenarios such as LP and staking. Built on the Attention Capital Market framework, Chillonic integrates the "liquidity flywheel" and "attention flywheel" mechanisms, transforming user engagement and market热度 into measurable on-chain value. Currently, Chillonic has completed its public sale on Creampad, with the $CHILL–$SONIC trading pair simultaneously listed on Sega DEX. $CHILL surged over 342% upon listing. Splitting functionality is now live: chillonic.fun.
Circle announces mainnet launch of Circle Payments Network, enabling real-time cross-border USDC settlement
According to Circle's official announcement, the Circle Payments Network mainnet has officially launched. This network is a blockchain-based payment coordination protocol allowing banks and payment service providers to conduct real-time settlements using USDC on public blockchains.
The Circle Payments Network supports enterprise-to-enterprise vendor payments, cross-border remittances, treasury management, corporate recurring payments, payroll, and bulk payments. Initial mainnet participants include Alfred, Tazapay, ConduitPay, and RedotPay, who will launch stablecoin payment corridors in Latin America and Asia.
Circle plans to expand operations in 2025 to Nigeria, the EU, the UK, Colombia, India, UAE, China, Turkey, the Philippines, Vietnam, and Argentina.
Worldcoin raises $135 million, with participation from a16z and Bain Capital Crypto
According to official news, World Assets, a subsidiary of the World Foundation related to the Worldcoin project, raised $135 million by selling WLD tokens at market price to Andreessen Horowitz and Bain Capital Crypto, to support the expansion of the World network in the United States and globally.
Previously disclosed investors also include Selini Capital, Mirana Ventures, and Arctic Digital.
Market Data
Suggested Reading
Web3 Payment Whitepaper: Stablecoins in Africa in 2025
This article deeply explores the application and development of stablecoins in Africa, analyzing their potential and practical use cases in addressing financial infrastructure gaps, currency depreciation, and cross-border payments. It also discusses the key roles played by major African countries (such as Nigeria, South Africa, and Kenya) in stablecoin adoption, along with the challenges and opportunities they face.
This article primarily analyzes the profit model and operational strategies of the Virtuals Genesis project, emphasizing the potential for high returns through earning points and participating in high-demand projects. It also touches on recent developments and data in the cryptocurrency market.
Bitcoin becomes new favorite in corporate finance—why are companies rushing to emulate Strategy?
This article discusses Bitcoin's emerging role in corporate finance and how Strategy is reshaping corporate capital markets through a Bitcoin-native financial model. It highlights that an increasing number of companies are viewing Bitcoin as a top-tier reserve asset and building new financial architectures around it.
20 project founders reveal: How did Monad win them over?
This article introduces why multiple projects chose to build on the Monad blockchain, covering aspects such as Monad’s community support, technical advantages, ecosystem, and its appeal to developers and users.
This article centers on former Bank of China Vice President Wang Yongli’s speech at the Tsinghua PBCSF Global Finance Forum, emphasizing the need to pay greater attention to stablecoin development and promote innovation in digital currencies like e-CNY. He noted that significant progress has been made in RMB cross-border payment and clearing but further improvements in efficiency are needed through technological innovation. He also believes stablecoins can help improve the global payment system but require stronger regulation and unified mechanisms. Additionally, he suggests using e-CNY as a model to build integrated digital infrastructure and proposes solutions to address data silos and privacy risks.
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