US Stock Company GameSquare Announces Phased Establishment of Ethereum Treasury

On July 9th, according to the announcement made by the UK-listed company The Smarter Web Company, the company has successfully completed a ￡10.3415 million (pre-tax) subscription financing. During this process, 3,182,013 new ordinary shares were issued at a price of ￡3.25 per share. These new shares are scheduled to be listed on July 14th. After this financing round, the total number of issued shares of The Smarter Web Company will reach 259,649,448 shares, and the existing shareholders (including board members) will experience a dilution of approximately 5.46%. In earlier news, on July 7th, The Smarter Web Company increased its Bitcoin holdings by 226.42 BTC, bringing the total holdings to 1000 BTC. The total investment in Bitcoin amounts to ￡78.22 million.

On July 9th, based on DefiLlama data, the Solana's ecosystem token launchpad Letsbonk has achieved a 24-hour fee revenue of $1.36 million. It has surpassed well-known protocols such as Sky and pump.fun and ranked 13th overall.

On July 9th, based on market data, the stock of the stablecoin concept company Genimous Investment (01328.HK) saw a 40% decline, and its market value dropped below the 2 billion Hong Kong dollar mark.

On July 9th, Smart Money and crypto KOL 0xsun.sol (@0xSunNFT) stated that an increasing number of domestic and foreign whales are choosing to "retire" their main wallets and switch to smaller or new wallets. It is speculated that there are two main reasons for this. Firstly, due to significant pressure from copy-trading. Once the main wallet makes a purchase, various copy-trading bots will quickly drive up the price, causing the purchase to reach the expected price increase instantly. Subsequently, there is no room for further action. Selling will easily attract public criticism, and holding will face selling pressure. Secondly, to avoid being attacked by conspiracy theories, such as emotional burdens brought by unfounded speculations like "insider information," "rug pull," and "dumping from a smaller wallet." 0xSun believes that although this trend can reduce manipulation pressure, it also weakens on-chain transparency, providing more room for market manipulation, which may have a ne

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.

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.