Two Addresses Dump $8.65 Million Worth of FARTCOIN, Leading to a 5% Price Drop

On July 2nd, Thesis, a venture studio centered around Bitcoin, has acquired the Bitcoin rewards platform Lolli. The specific details of the deal have not been disclosed. Previously, Thesis had incubated the Bitcoin rewards platform Fold, which later officially separated and became an independent company. Fold then reached a Special Purpose Acquisition Company (SPAC) merger agreement with FTAC Emerald Acquisition Corp. in July 2024 and went public on Nasdaq in February under the ticker symbol FLD. Thesis stated: "This action positions Thesis as a leader in Bitcoin rewards technology, marking a significant milestone in its mission of building a Bitcoin-powered lifestyle economy and transforming Bitcoin from a buy-and-hold asset into the foundation of a modern decentralized economy." Lolli was founded in 2018 and enables users to earn Bitcoin and cashback while shopping at over 50,000 retailers or playing over 1,000 mobile games (both online and in-store).

On July 2nd, as reported by The Block, federally chartered digital asset bank Anchorage Digital has been appointed as the exclusive custodian and equity partner for the newly launched REX-Osprey Solana + Staking ETF.
Unlike the recent spot BTC and ETH ETFs registered under the 1933 Act, the new REX-Osprey ETF is subject to the more stringent regulatory framework of the 1940 Investment Company Act. This distinction implies that qualified custodians must hold the assets, and currently, Anchorage Digital is the only federally regulated bank authorized to custody and stake digital assets simultaneously. The ETF offers direct exposure to SOL and returns staking rewards to investors.

Flash, July 2: Given the U.S. Independence Day holiday, the U.S. June Non-Farm Payrolls report was made available earlier on July 3 (Thursday) at 20:30. On that particular day, U.S. stock markets and CME stock index futures trading concluded early. On July 4, the U.S. stock market was closed for one day. Additionally, trading of CME's precious metals, WTI crude oil, foreign exchange, and stock index futures contracts came to an end early on July 5 at 01:00 Beijing time. Please take note of this information by all investors. (FX678)

On July 2nd, according to Businesswire, the board of directors of fintech company Mogo has authorized the allocation of $50 million to Bitcoin as part of its long-term strategy for capital preservation and product innovation. The company will gradually achieve this target by using excess cash and portfolio liquidation, with Bitcoin serving as the benchmark for capital allocation returns. It will also integrate Bitcoin into its core business and launch portfolio and loan products, etc.

On July 2nd, according to official channels, the DeFi intelligent platform INFINIT has now initiated the Kaito Yapper Leaderboard, opening a total of 5 million IN token reward pool. A special Chinese Yapper exclusive reward pool has also been established, and the first season will operate until August 7, 2025. Link your X (formerly known as Twitter) account to Kaito and post high-quality content related to INFINIT to enter the leaderboard and win rewards. The leaderboard allocates rewards based on Kaito Mindshare (influence + ranking). INFINIT utilizes AI smart agents to assist users in exploring and executing DeFi strategies, streamlining fragmented processes, bidding farewell to manual operations, and achieving a truly integrated experience.

On July 2nd, according to Bloomberg, the Italian banking group Banca Sella, which is renowned for its technological innovation, is conducting an internal test of cryptocurrency custody service for some of its employees. The pilot project employs Fireblocks' custody technology and mainly focuses on the secure storage of digital assets like stablecoins. The test will last until the end of summer. At that time, the bank will assess whether to provide this service to its 1.4 million custody clients (with assets under management exceeding 66 billion euros).