eath

China Asset Management (Hong Kong) and Futu's licensed virtual asset trading platform Cheetah Trading announced the launch of a digital public fund approved by the Hong Kong Securities and Futures Commission, offering 24/7 secondary market trading services. Retail investors can buy and sell tokenized shares of China Asset Management's Hong Kong dollar and US dollar digital currency market funds year-round, with the first phase trading related Class F shares in Hong Kong dollars and US dollars.This service features real-time indicative net asset value (iNAV) display, price deviation alerts, and a 5-minute cooling-off period. 24/7 trading is only applicable to the secondary market, while subscriptions and redemptions in the primary market must still comply with the fund's sales documents and same-day net asset value calculation arrangements.

CK Hutchison Holdings issued a statement regarding market rumors of "Li Ka-shing's death." The statement said that on that day, some media outlets reprinted false claims from mainland self-media stating that Hong Kong's "Ta Kung Pao" reported the death of CK Hutchison's senior advisor Li Ka-shing. "The Group hereby solemnly declares that 'this is absolutely untrue,'" and strongly condemns the self-media for fabricating false news.

According to Decrypt, the controversial promoter Sahil Arora, who launched a series of celebrity meme coins in 2024, is back at it again. His latest issuance, the Floyd Money Mayweather token, has been launched on the Solana trading platform Fomo, and Mayweather's social media account once promoted it. The token's market cap peaked at $1 million, but then plummeted 96% within three hours on Wednesday. According to information from various social media accounts, before Mayweather's account deleted the promotional post, the deployer's wallet had only cashed out about $5,000 in profit, and the token subsequently surged to a market cap peak of $1 million.Arora told Decrypt that the entire scheme was carefully planned, and the narrative of Mayweather missing out on profits actually drove up the token price. Fomo integrates social media elements, allowing users to see who is buying and selling, making it easy to create viral spread. Arora claims to have made seven figures in profit on the Mayweather token through other wallets, but on-chain analysis firm Bubblemaps believes this is unrealistic: the largest associated wallet cluster made about $105,000 in profit, and the top 100 traders collectively made only $306,000 in profit.Arora stated that he will replicate all his operations from 2024 on Pump.fun on Fomo, but with better strategies to allow participants to profit as well. He claims to have close relationships with all collaborating celebrities, making it very easy to persuade them to participate.

CME Group Inc. decided to suspend its plan to launch a 24/7 crude oil futures contract after facing industry opposition.Market participants are concerned that insufficient liquidity over the weekend could distort WTI crude pricing, and continuous trading would increase pressure on weekend staffing, commercial hedging, and margin calls during non-business hours.CEO Terry Duffy stated in a statement on Friday that after extensive communication, it was found that core market participants generally have concerns, believing that hastily introducing around-the-clock energy trading without conducting sufficient due diligence could lead to unforeseen consequences and bring additional risks to the market.

Founder of Strategy, Michael Saylor, posted on platform X stating that the U.S. Securities and Exchange Commission's innovation exemption policy allows qualified trading platforms to provide around-the-clock tokenized on-chain trading for U.S. investors. This is undoubtedly a significant breakthrough in the field of digital credit and the U.S. capital markets.

Famous gold bull and Bitcoin bear Peter Schiff posted that he is skeptical about today's sharp rise in MSTR, which he believes is primarily driven by short covering, and reiterated his "death spiral" argument.Even though Bitcoin's temporary rebound has slightly extended the survival period of Strategy, his long-term bearish stance remains unchanged.

According to La Tribuna, the body of a Chinese man was found outside the Jade Park high-rise apartment in the Trinidad district of Asunción, Paraguay. Preliminary identification confirmed the identity as Harry Chun Tak Yeh, the founder and managing partner of Quantum Fintech Group. The police stated that he is suspected to have fallen from the 30th floor of the building, and his body was found completely naked and covered with a black plastic bag. Investigators found the apartment door on the 30th floor ajar, with the interior in disarray, and confirmed that he also owned another apartment on the 27th floor of the same building. Criminal technicians have collected evidence outside the building and from both apartments, and relevant physical evidence has been handed over to the prosecution. The prosecution is currently investigating multiple possibilities, including accident, suspected suicide, and homicide, while the judicial department will determine the specific cause of death and the circumstances through an autopsy.It is reported that Chinese-American cryptocurrency investor Harry Yeh entered the Bitcoin market in 2013 when the BTC trading price was $60. He launched his first fund with $250,000, and his investment network claims to manage over $2.4 billion in assets, closely linked with Fantom, Tomb Finance, Lif3, ZooCoin, L3 USD, and L3 Reserve.

Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated in a post that the previous three major bottoms of Bitcoin were accompanied by "high losses and large fluctuations," while the current characteristics are "losses not high enough and smaller fluctuations." He believes that rather than betting on this being an unprecedented "calm bottom," it is better to view it as a "breathing stage" in the process of finding a bottom.Jiang Zhuoer cited the market situation in 2018 as an example, when the $6,000 level of BTC was tested multiple times and was seen by many investors as a bottom that would not be broken. Before breaking below, BTC traded sideways in the $6,000 to $7,000 range for about two and a half months, which is quite similar to the current sideways trading in the $60,000 to $70,000 range for two months, after which the price fell to $3,000.

According to CoinDesk, the tokenized asset company Ondo Finance is embroiled in a corporate control dispute following the death of founder Nathan Allman this year. The estate has filed a lawsuit in the Delaware Chancery Court, accusing former president and current CEO Ian De Bode of improperly attempting to seize control of the company while the estate certification process is not yet complete and the company's voting rights are temporarily suspended. The three legal documents request the judge to determine who legally controls Ondo Finance and to prohibit the company from taking significant actions until the governance dispute is resolved.According to the complaint, Nathan Allman was the CEO, sole director, and controlling shareholder of Ondo at the time of his death, and his voting rights could not be exercised until his mother, Kathleen Allman, was formally appointed as the estate representative through the Hawaiian probate process on June 26. The estate alleges that De Bode claimed to automatically become CEO and appointed himself as the sole director before this, taking actions such as hiring consultants and approving performance grants.After obtaining the voting rights, Kathleen Allman voted to remove De Bode from all positions and appointed herself as chairwoman and interim CEO during the board meeting on July 24. De Bode responded that he regretted the lawsuit filed by Allman, stating that her claims lack basis, and that the company still has the support of major investors and key stakeholders such as the Ondo Foundation. The court has not yet ruled on the related allegations, and the aforementioned documents only reflect the statements of the estate.

According to Jinshi reports, the latest 24-hour situation tracking of the Russia-Ukraine conflict shows that Ukrainian President Zelensky stated that the supply of Ukraine's air defense systems has decreased by two-thirds compared to last year. In the Kyiv region, 16 people have died, and the number of injured has risen to 36.The Russian Ministry of Defense claimed to have damaged three ships near Odessa and disrupted logistics hubs in Kyiv and its surrounding areas. In addition, French President Macron and European Commission President von der Leyen both stated that they would continue to increase pressure on Russia, with the latter also mentioning that an additional 1.4 billion euros would be allocated to Ukraine from the profits of frozen Russian assets.

Eliza Labs founder Shaw Walters announced that the ai16z/ElizaOS token is officially "dead," and the related foundation will be closing. The reason is that the law firm Burwick Law initiated a class action lawsuit on behalf of the holders, and the foundation chose to settle due to its inability to bear the litigation costs, compensating all remaining treasury funds.Shaw stated that he has never sold ai16z tokens, has never profited from them, and only receives the same basic salary as engineers, currently living off savings. He emphasized that he will continue to develop the underlying technology of Eliza but made it clear that no tokens will be associated with Eliza anymore and advised holders to handle their tokens independently, as the foundation will not provide any buyback support.

According to Jinshi reports, Russia's nighttime attack on the Kyiv region of Ukraine resulted in 14 deaths and 27 injuries.

According to Jinshi reports, on August 2 local time, Moscow Mayor Sobyanin stated on social media that the explosion incident at a restaurant in the city on August 1 was a terrorist attack, resulting in 3 deaths and 21 injuries. Sobyanin mentioned that law enforcement agencies are investigating the specifics of the incident.The Russian National Anti-Terrorism Committee reported that the incident was caused by the explosion of a homemade explosive device.

According to Jinshi reports, Ukrainian officials stated that Russian missile and drone attacks overnight resulted in at least 8 deaths.

According to Jinshi reports, the U.S. attack on Iran resulted in the deaths of three members of the Revolutionary Guard.