Daily Report | ChainCatcher partners with Volcano Cloud to promote the efficient development of Web3 infrastructure; Goldman Sachs and Bank of New York Mellon to launch tokenized money market funds
July 23 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Tether CEO: Has invested in over 120 companies, with funds coming from Tether's own profits
- Crypto asset management firm CoinShares obtains MiCA license across the EU
- Hong Kong Monetary Authority President Yu Weiwen: The cooling measures on stablecoins need to be strengthened
- ChainCatcher announces partnership with Volcano Cloud to promote efficient development of Web3 infrastructure
- Binance Alpha will launch Alliance Games (COA) today at 17:00, airdrop threshold of 200 points
- Grayscale ETF Global Head David LaValle resigns, company prospects under scrutiny
- Zhao Changpeng: The altcoin season index continues to rise, FOMO season is coming
- Binance Alpha will launch Lnfi Network (LN) on July 25
- CNBC: Goldman Sachs and Bank of New York Mellon to launch tokenized money market fund
"What important events have occurred in the past 24 hours"
Tether CEO: Has invested in over 120 companies, with funds coming from Tether's own profits
Tether CEO Paolo Ardoino revealed that Tether has announced part of its investment/venture capital portfolio today. Overall, Tether has invested in over 120 companies, and this number is expected to grow significantly in the coming months and years. The companies invested include Juventus, Bitdeer, Crystal Intelligence, Rumble, Shiga Digital, and others.
These investments come from Tether's own profits (projected to be $13.7 billion in 2024) and do not involve the reserve assets of USDT (and other stablecoins), falling under Tether's investment department. Tether focuses on key areas such as payment infrastructure, renewable energy, Bitcoin, agriculture, artificial intelligence, and tokenization in its investments.
Crypto asset management firm CoinShares obtains MiCA license across the EU
According to Coindesk, crypto asset management firm CoinShares has received a MiCA license from the French Financial Markets Authority (AMF), becoming the first European asset management company to provide crypto portfolio management services across the EU.
This license, combined with its existing MiFID and AIFM qualifications, makes it the only major European crypto asset management institution to hold all three compliance licenses simultaneously. CoinShares stated that this move will help expand its business in the 27 EU countries and promote the transition of the traditional asset management industry to crypto products.
According to Shanghai Securities News, Hong Kong Monetary Authority President Yu Weiwen has commented again on stablecoins. Yu stated that the level of discussion and cooling measures regarding stablecoins in the market and society over the past month still needs to be strengthened, and discussed how to implement the "Stablecoin Regulation" according to prudent and sustainable principles. Yu emphasized the need to guard against excessive speculation on stablecoins in the market and public opinion, noting several phenomena that deserve attention. One is excessive conceptualization.
Yu revealed that, based on Hong Kong's experience, dozens of institutions have actively approached the Monetary Authority team, some of which have explicitly expressed their intention to apply for stablecoin licenses, while others are in preliminary exploratory stages. However, many remain at the conceptual stage, proposing visions such as improving cross-border payment efficiency, supporting Web3.0 development, and enhancing foreign exchange market efficiency, but lack practical application scenarios and cannot propose feasible specific plans and implementation strategies, let alone possess the awareness and ability to manage risks. Some institutions that can provide application scenarios themselves lack the technology and experience to issue stablecoins and manage various financial risks.
Yu suggested that there can be multiple models for participating in stablecoins, and for such institutions, a more practical approach seems to be collaborating with other stablecoin issuers to provide application scenarios rather than pursuing the role of issuer.
ChainCatcher announced a partnership with Volcano Cloud to assist in promoting its cloud computing services, including cloud servers, storage, and enterprise-level solutions. Through this collaboration, both parties will jointly promote the efficient development of Web3 infrastructure.
As an influential media platform in the Web3 field, ChainCatcher's collaboration will combine its industry resources with Volcano Cloud's technological advantages to provide more efficient cloud service support for Web3 enterprises.
Volcano Cloud, as a leading global cloud computing service provider, will further strengthen its layout in the Web3 and emerging technology fields through this collaboration.
Binance Alpha will launch Alliance Games (COA) today at 17:00, airdrop threshold of 200 points
According to the official announcement, Binance announced that after the trading of Alliance Games (COA) opens, users with at least 200 Binance Alpha points can receive an airdrop of 1,500 COA tokens, on a first-come, first-served basis. If the rewards are not fully distributed, the point threshold will automatically decrease by 10 points every hour.
Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, or it will be considered a forfeiture.
Grayscale ETF Global Head David LaValle resigns, company prospects under scrutiny
According to Unchained, David LaValle, the global ETF head of crypto asset management firm Grayscale, will resign at the end of July, just weeks after the company secretly submitted its IPO application on July 14. LaValle joined in 2021 and played a key role in the behind-the-scenes work to convert GBTC to an ETF.
Currently, Grayscale is facing frequent leadership changes and pressure from shrinking asset management scale, with its core product fees higher than competitors. Against this backdrop, whether its upcoming IPO can tell a compelling "growth story" to attract investors remains to be seen.
Zhao Changpeng: The altcoin season index continues to rise, FOMO season is coming
Former Binance CEO Zhao Changpeng posted on social media, stating, "There is an altcoin season index on CoinMarketCap, and although its accuracy is uncertain, it is indeed rising. FOMO season is coming."
Binance Alpha will launch Lnfi Network (LN) on July 25
According to the official announcement, Binance Alpha will launch Lnfi Network (LN) on July 25. Eligible users can go to the Alpha event page to use Binance Alpha points to claim the airdrop after the Alpha trading opens. Specific details will be announced separately.
CNBC: Goldman Sachs and Bank of New York Mellon to launch tokenized money market fund
According to CNBC, Goldman Sachs and Bank of New York Mellon will launch a tokenized money market fund.
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This article is a speech by Li Yang, a member of the Chinese Academy of Social Sciences and Chairman of the National Financial and Development Laboratory, at the 37th closed-door seminar on "The Development Prospects of RMB Stablecoins" jointly held by the Shenzhen Xiangmi Lake International Financial Technology Research Institute and the China Digital Finance Cooperation Forum on July 13, 2025.
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Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of July 23, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: SPK, XAU, BOLD, ONDO, CRV
The top five popular Solana tokens in the past 24 hours are: PUMPDUMP, RON, Qkitty, Akari, Everything
The top five popular Base tokens in the past 24 hours are: ZORA, VIRTUAL, SLAP, SCAN, BERTWURST
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