OKX Web3 Introduces Web-based Global Theme Color Switch

On July 8th, as per an official announcement, Coinbase Institutional declared that it would offer cryptocurrency custody and comprehensive service support for ReserveOne. The Coinbase Prime service will integrate deep liquidity, stable financing solutions, and secure custody functions to provide on-chain strategic support for institutional clients.

On July 8th, based on the monitoring of LookOnChain, a wallet linked to Cumberland withdrew 13,100 ETH from Binance 4 hours ago. The value of this withdrawal is approximately $33.58 million.

On July 8th, as per Decrypt, a UK court has handed down prison sentences to two criminals. They were convicted of luring 65 victims into investing in a fake cryptocurrency advisory company via phone calls. These two individuals were found guilty of selling fake cryptocurrency investments and defrauded at least 65 investors of approximately $2 million in total. As a result, they were sentenced to a combined total of 12 years in prison.

On July 8, U.S. President Trump announced on social media that tariffs will be imposed starting from August 1, 2025. The stipulated deadline will remain unchanged and no extension will be provided. (Golden Ten)

On July 8th, as per Bloomberg, Vlad Tenev, the CEO of Robinhood Markets Inc., stated that the company is in communication with regulators regarding its tokenized stock product launched in Europe. This product has previously drawn criticism from multiple companies, including OpenAI. The California-based company announced last week that retail investors in the European Union can now trade blockchain tokens representing U.S. stocks through its app. This launch also encompassed tokens for privately held companies like OpenAI. However, Sam Altman-led OpenAI later reminded traders that these "tokens" do not represent equity in the company. The brokerage is facing inquiries from regulators, such as the Bank of Lithuania, regarding the structure of these tokens and whether they blur the line between actual equity and derivatives. The Bank of Lithuania has confirmed having reached out to Robinhood for more details.

On July 8th, as reported by The Block, OpenSea has acquired Rally. Rally is the developer of the Rally wallet and the mobile-first Web3 application experience. This acquisition is intended to enhance OpenSea's expansion into the token trading domain. Currently, the platform supports 19 blockchains.