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Over 500 Chinese Creditors Challenge FTX's $470 Million Payment Freeze in U.S. Court

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On July 9th, according to Cryptoslate, more than 500 Chinese creditors have contested the freezing of a $4.7 billion payment made by FTX to a US court. An increasing number of Chinese creditors are engaging in disputes with the US court over FTX's withholding of distribution funds. A Chinese creditor, going by the alias Will, stated in an interview that they have hired a US lawyer, and over 500 Chinese creditors are organizing a response to FTX's decision. These creditors think that FTX has violated its early promises. They were previously clearly informed that as long as they submitted a claim and voted in favor of the restructuring plan, they would be entitled to receive distributions like other users. However, they are now being denied proper compensation due to nationality or legal uncertainties.

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New Zealand has completely banned cryptocurrency ATMs and set transfer limits as part of anti-money laundering reforms

On July 9th, as per the report by Decrypt, New Zealand has completely prohibited cryptocurrency ATMs and set the international cash transfer limit at $5,000 in an effort to combat money laundering and crime financing. As part of a significant reform aimed at curbing money laundering and illegal fund flows, the New Zealand government announced that it will shut down all domestic cryptocurrency ATMs and set a $5,000 limit on international cash transfers. New Zealand's Assistant Minister of Justice, Nicole McKee, on Wednesday presented the government's latest anti-money laundering and counter-terrorism financing regime reform plan in a statement.

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A certain dormant whale/institution "awakens" and transfers 9,000 BTC, around $977 million.

On July 9th, as per the monitoring of Onchain Lens, a dormant whale/institution has "awakened" today and transferred 9,000 BTC, which is approximately worth $9.77 billion.
In the past 24 hours, this whale has cumulatively transferred out 17,283 BTC, with a value of approximately $18.8 billion.

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US Stock GameSquare Surges 5.84% in After-Hours Trading, Company to Establish Up to $100 Million Ethereum Treasury

On July 9th, based on market data, the US stock GameSquare (GAME) was experiencing a temporary after-hours trading at $1.63, with a 5.84% increase. Previously reported, GameSquare Holdings, Inc. (with a Nasdaq stock code: GAME) announced today that the board of directors has approved the establishment of an Ethereum treasury in phases, with a total amount of up to $100 million.

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Huobi HTX Update July Merkle Tree Reserve Proof: USDT has continued to grow positively for four consecutive months, with the core asset reserve ratio consistently exceeding 100%.

On July 9th, according to the official website of Huobi HTX, Huobi HTX announced its latest monthly Merkle Tree Proof of Reserves (PoR) audit report on July 1st. As of July 1st, 2025, the overall reserve ratio of the platform has remained above 100%, continuously ensuring the security and transparency of user assets. Among them, the USDT user assets are approximately 1.8 billion, and the platform's reserves exceed 1.82 billion, achieving four consecutive months of asset growth. The specific updated reserve ratios are: BTC (101%), ETH (100%), TRX (105%), USDT (101%), HTX (102%), XRP (100%), DOGE (100%), SOL (100%). As one of the earliest platforms to adopt the Merkle Tree verification mechanism in the industry, Huobi HTX has publicly disclosed reserve data for 33 consecutive months.

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GMGN Co-creation: Users who enable MEV protection but still experience sandwich attacks are eligible for official compensation

On July 9th, Haze, a co-founder of GMGN, published a post on the X platform. He mentioned that there has been a recent malicious "Sandwich Attack" phenomenon and the Jito service has become unstable. Starting from today, if users still suffer from sandwich attacks after enabling GMGN's MEV anti-sandwich feature, they can submit the transaction hash to official personnel for verification. Once confirmed, they will receive corresponding fee compensation.

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Tanssi Foundation Completes $850,000 Final Strategic Funding Round, Lead by KR1

July 9th. As per official channels, the Tanssi Foundation announced that it has recently accomplished a final round of strategic financing amounting to $850,000 with great success. The blockchain investment firm KR1 took the lead in this round, and other key investors also participated.

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