Crypto Morning Brief: U.S. federal government partners with OpenAI; Cao Cao Mobility to explore RWA tokenization and stablecoin payments
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Crypto Morning Brief: U.S. federal government partners with OpenAI; Cao Cao Mobility to explore RWA tokenization and stablecoin payments
Live streaming trading platform Sidekick announced the establishment of Sidekick Foundation and unveiled its token economics model.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Trump Imposes 25% Tariff on India
According to Jinshi Data, the White House stated that Trump signed an executive order imposing an additional 25% tariff on goods from India in response to India's continued purchase of Russian oil. After Trump introduced new tariffs on India, oil prices rose briefly, hitting intraday highs.
Federal Reserve's Kashkari: Two Rate Cuts This Year Still Seem Appropriate
According to Jinshi Data, Federal Reserve's Kashkari said that two rate cuts this year still seem appropriate. However, if inflation rises due to tariffs, the Fed might pause rate cuts or even raise rates.
U.S. Federal Government Partners with OpenAI to Promote AI Applications
According to Fox News, the U.S. General Services Administration (GSA) today announced a partnership with OpenAI to provide ChatGPT Enterprise services to all federal agencies at a cost of $1 per agency. This initiative is a key component of the Trump administration’s artificial intelligence action plan, aimed at improving government efficiency.
OpenAI CEO Sam Altman said that providing AI tools to public service sectors can help government staff better serve American citizens. As part of the collaboration, federal employees will receive customized training resources and guided learning programs.
Ethereum Foundation Announces Scaling Progress: Mainnet Gas Limit Raised to 45 Million, Targeting 100 Million
According to official disclosure by the Ethereum Foundation, the Ethereum mainnet has increased its gas limit to 45 million following the Berlinterop event, marking the first step toward a 100 million gas target.
In addition, all major execution layer clients have deployed the pre-merge historical expiry feature, significantly reducing node disk usage. The Ethereum Foundation has also appointed Marius van der Wijden to co-lead L1 scalability efforts alongside Ansgar Dietrichs and Tim Beiko, and is considering block-level access lists (BALs) as a key feature for the Glamsterdam upgrade.
Furthermore, the Ethereum Foundation is developing a zkEVM validation client that will use zero-knowledge proofs to validate block execution in the future, greatly enhancing L1 scalability.
Live Streaming Trading Platform Sidekick Announces Formation of Sidekick Foundation and Tokenomics Model
According to an official announcement, live streaming trading platform Sidekick has announced the establishment of the Sidekick Foundation and the launch of its token K. K is the native utility and governance token of the Sidekick platform, used for tipping, subscriptions, unlocking exclusive content, and participating in governance.
The total supply of K is 1 billion tokens, with an initial circulating supply of 111 million (11.13% of total). Token distribution:
Ecosystem growth (20%);
Long-term community incentives (20%);
Liquidity incentives (4%);
Foundation (16%);
Advisors (5%);
Core contributors (15%);
Investors (20%).
Shares allocated to investors, advisors, and core contributors will be locked for 12 months, followed by a linear unlock over 24 months.
ConsenSys CEO: 42 Is the Answer to "Linea TGE Date"
Ethereum co-founder and ConsenSys CEO Joseph Lubin, during yesterday’s Linea podcast event, responded to community inquiries about the specific TGE date for Linea by saying, “I think 42 is the answer to that question.”
Galaxy Digital CEO: Wave of Enterprises Holding Crypto Assets Has Peaked
According to Bloomberg, Galaxy Digital founder and CEO Michael Novogratz said during the company’s Q2 earnings call that the trend of enterprises adding cryptocurrencies to their balance sheets may have peaked. He noted that the focus now is on identifying which existing companies will emerge as industry leaders.
Tornado Cash Developer Convicted of Operating Unlicensed Money Transmitting Business
According to The Block, a Manhattan jury found Tornado Cash developer Roman Storm guilty of conspiring to operate an unlicensed money transmitting business, but failed to reach a unanimous verdict on money laundering and sanctions-related charges.
Multiple crypto organizations, including the DeFi Education Fund, expressed disappointment with the verdict and stated they would continue supporting Storm. The Blockchain Association called the ruling a dangerous precedent for open-source software developers and urged Storm to appeal. Samson Enzer, partner at CahillNXT, said the outcome showed the government failed to sufficiently prove Storm knowingly assisted criminals in laundering money via Tornado Cash. Storm himself said he will continue fighting the charges.
Parataxis Plans Merger with SilverBox Corp IV to Raise $640 Million for BTC Reserves
According to The Block, crypto investment startup Parataxis Holdings will merge with SPAC SilverBox Corp IV to raise $640 million for a Bitcoin asset management firm set to list on the New York Stock Exchange (NYSE). Following the merger, the new company plans to list on NYSE under the ticker symbol PRTX.
Parataxis Holdings stated: “This business combination will bring Parataxis Holdings up to approximately $240 million in funding, subject to SBXD (SilverBox Corp IV SPAC) shareholder redemptions. This includes $31 million in equity that will be immediately used to purchase Bitcoin.” Parataxis also said it “has entered into a share purchase agreement” allowing it “to issue and sell up to $400 million in equity,” adding that the combined transaction “could generate total proceeds of up to $640 million to support and accelerate the execution of its BTC asset management strategy.”
Cosmos Health Secures $300 Million Funding, Launches Ethereum Reserve Strategy
Publicly listed Cosmos Health (NASDAQ: COSM) has entered into a securities purchase agreement with U.S. institutional investors, securing up to $300 million in senior secured convertible notes financing. Under the agreement, the company will allocate 72.5% of the net proceeds to establish an Ethereum reserve, with the remainder used for working capital and business development.
Caocao Mobility to Explore RWA Tokenization and Stablecoin Payments
According to Sina Finance, Caocao Mobility today signed a virtual asset strategic cooperation memorandum with Hong Kong-licensed financial institution Victory Securities. The two parties will collaborate deeply on three fronts: real-world asset (RWA) tokenization, stablecoin payment applications, and compliant digital currency issuance. This marks the first systematic exploration in China’s ride-hailing industry integrating cutting-edge digital finance tools like RWA and stablecoins. Caocao Mobility’s Executive Director and CEO Gong Xin stated that blockchain technology and Web3.0 innovation models will accelerate the tokenization of Robotaxi industry assets.
Market Movements
Suggested Reading
On the Eve of IPO, Kraken Awakens
This article traces Kraken’s 14-year evolution from a technically focused exchange into a global digital financial platform. It details Kraken’s history, business expansion, rebranding, and IPO plans. Today, Kraken is building bridges between crypto and traditional finance through innovations such as stock tokenization, acquisitions, stablecoin ecosystems, and Layer 2 networks, aiming for a 2026 listing.
Smart.fun: Trend Detection + Smart Shorting, A New Launchpad Approach Empowered by AI
This article introduces Smart.fun, an innovative Launchpad platform leveraging AI to empower asset issuance and trading, offering features such as trend detection and smart shorting. It aims to address pain points of traditional Launchpads and drive Web3 ecosystem growth. Through liquidity incentives and a unique lending-based shorting mechanism, the platform lowers barriers to asset issuance while creating more investment opportunities for users.
Bitwise CIO: Three Opportunities I See in the SEC’s 'Crypto Agenda'
This article covers Bitwise Chief Investment Officer Matt Hougan’s analysis of SEC Chair Paul Atkins’ speech on the digital finance revolution, arguing that public blockchains like Ethereum will become central to future financial markets. It explores investment opportunities in crypto assets—including Layer 1 blockchains, super apps, and DeFi—and highlights how regulatory shifts could bring massive opportunities to the crypto industry.
$PUMP Rises Against the Trend—What Happened at Meme Launchpads in the Past Two Weeks?
This article examines the current state of the meme coin market and competition among launchpads, focusing on the performance of Pump.fun and Letsbonk.fun, while mentioning innovations from other platforms such as Bags and Moonit. It also discusses challenges in restoring market confidence and potential future directions for meme coins.
FastLane CEO: Deliberate Flaws That Make Monad Even Better
This article explores the uniqueness and appeal of the Monad blockchain, analyzing its technology, design philosophy, and comparisons with other blockchains. The author explains why Monad was chosen as a development platform and elaborates on the art of trade-offs, emphasizing that Monad’s flaws are intentional design choices rather than mere technical shortcomings.
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