Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

Co-founder of self-custody wallet Ready, Itamar Lesuisse, stated that Paris-based crypto card issuer Kulipa has suddenly ceased operations. Ready shut down its card business on Wednesday, with automatic refunds for eligible card subscriptions. Due to Ready’s self-custody model, user assets remain unimpacted; the card deducts funds directly from users’ wallets at the time of transaction, meaning Kulipa held no customer balances when it suspended operations. Ready is currently developing follow-up products based on new infrastructure. Previously, Solflare announced that its card-issuing partner Kulipa stopped operations due to solvency issues. (The Defiant)

According to market data from BIT (bit.com), Tesla and SpaceX’s post-market share prices rose 1.88% and 0.83% respectively, driven by merger rumors. Earlier reports indicated that Tesla’s advisors have started discussing a spin-off plan to divest its China business, a move designed to pave the way for a potential merger with SpaceX.

Bhutan’s Gelephu Mindfulness City has appointed digital asset management firm 3iQ to manage a portion of its Bitcoin reserves. The two parties did not disclose the actual amount of assets under management, custody arrangements, or whether the mandate allows for lending, derivatives trading, and other yield-generating strategies. Earlier reports noted that Bhutan would allocate 10,000 Bitcoin (worth approximately $875 million) from its Bitcoin reserves for the construction of the Gelephu Mindfulness City.

According to multiple crypto KOLs' revelations, Zack Labadie, the suspected product design lead of Uniswap, deployed the token FRONG on the Robinhood Chain. Relevant evidence includes identity signatures reflected in the transaction hash and the video upload server associated with the related website. When asked about the purpose of the website linked to the token account, Uniswap co-founder Hayden Adams responded with a frog emoji (the English word for frog, "frog", is identical in spelling and pronunciation to the token FRONG). Recently, the Uniswap team has been heavily promoting its V4 hook feature, leading the community to speculate that the website may be related to a new platform or function coming with Uniswap V4. According to GMGN market data, FRONG's market cap surged to $4 million shortly after launch before pulling back, and is currently at $2.68 million. BlockBeats reminds users that such tokens are highly volatile, so investors should exercise caution.

According to Bitget market data, Southern’s 2x Long SK Hynix has gained more than 55%, after surging as high as 270% in the previous five minutes, with trading volume exceeding HK$3.5 billion. Southern’s 2x Long Samsung Electronics is now up over 45%.

Police authorities at the Zhanjiang and Leizhou levels in Guangdong, China recently launched a centralized crackdown operation, successfully dismantling a "money mule" money laundering gang that used virtual currency transactions to transfer proceeds from telecom and online fraud. Sixteen members have been lawfully placed in criminal detention. Led by a couple surnamed He and Zhang, the gang has been laundering and transferring fraud proceeds via virtual currency transactions since the end of 2025, generating illegal profits by earning transaction spreads, and amassing a large number of personal bank cards, WeChat Pay, Alipay, and other payment accounts to build its money laundering chain. In the early morning of July 24, police carried out a cross-regional precise crackdown, dismantling the entire criminal chain. Zhanjiang police issued a solemn reminder that "money mule" money laundering is a key accomplice to telecom and online fraud. Depending on the circumstances, those involved may face charges including the crime of assisting information network criminal activities and the crime of concealing or disguising proceeds of crime. The public is urged not to rent, lend, or sell personal bank cards and various payment accounts for small commissions, resolutely refrain from participating in illegal activities such as virtual currency fund transfer and payment agency money laundering, consciously protect personal credit records and property safety, and stay away from all fraud-related illegal and criminal activities.