Dalin Holdings and Asseto Expand RWA Tokenization Solution, Plan to Apply for Stablecoin License

On July 2nd, based on market data, driven by the news of a controlled subsidiary merger transaction, the US stock Hut 8 Corp (HUT) witnessed a 12.47% rise and is currently trading at $20.78. Previously, BlockBeats reported that American Bitcoin Corp. and Gryphon Digital Mining jointly announced on July 1, 2025. They had submitted an amended S-4 registration statement to the US Securities and Exchange Commission (SEC) to expedite the previously announced stock-for-stock merger transaction. American Bitcoin is a subsidiary of Hut 8, with supporters including Eric Trump, the son of Trump. The company focuses on industrial-scale Bitcoin mining and the development of strategic Bitcoin reserves.

On July 2nd, as reported by prnewswire, Addentax Group Corp. (NASDAQ: ATXG) announced today that it has entered into a non-binding term sheet with a major independent Bitcoin holder. The intention is to acquire up to 12,000 bitcoins, which significantly raises the potential acquisition size from the initially discussed 8,000 bitcoins as stated in the company's May 15, 2025 press release. Based on the current market price, the proposed acquisition is approximately worth $1.3 billion. If the transaction is successfully completed, it will be settled by issuing the company's newly issued common stock. This term sheet details the preliminary framework of the proposed acquisition. However, further negotiations, the signing of a definitive agreement, the completion of due diligence, and the obtaining of customary approvals are still necessary. The final amount of bitcoins to be acquired, the number of shares to be issued, and the issuance terms (including pricing) will be determined through

On July 2nd, the three major U.S. stock indexes opened with a slight decrease. The Dow was down by 0.02%, the S&P 500 was down by 0.08%, and the Nasdaq was down by 0.07%. Circle (CRCL) decreased by 1.99%; Coinbase (COIN) increased by 1.98%; Robinhood (HOOD) increased by 2.61%; MicroStrategy (MSTR) increased by 2.45%; MARA Holdings (MARA) increased by 3.41%; Riot Platforms (RIOT) increased by 3.96%; Bitmine (BMNR) increased by 8%.

On July 2nd, SOL Version MicroStrategy. SOL Strategies launched its June update. Based on its 40-F filing with the SEC, the company currently has more than 3.7 million SOL delegated to validators (an increase of 163,000 SOL compared to May).

On July 2nd, as reported by CNBC, Paul Atkins, who serves as the Chairman of the U.S. Securities and Exchange Commission (SEC), touched upon the increase in stock tokenization and its influence on the private market during his appearance on the "Squawk Box" program. Atkins pointed out that stock tokenization technology will render the private market more accessible to the general public.

On July 2nd, as per The Block, Vetle Lunde, the director of K33 Research, stated that although July is filled with potential volatility of "Trump trades", including a budget bill, tariff decisions following the trade truce, and the deadline for crypto policy related to executive orders, the cryptocurrency trading activity in July may again be sluggish, continuing another quiet summer. It is reported that the 90-day tariff truce will expire on July 9th, which may prompt Trump to take new trade actions against specific countries. As observed earlier this year, tariff uncertainty often dampens market momentum or may pose resistance to Bitcoin's trend in the coming weeks.