The Hong Kong Stock Exchange-listed company Best Wealth Holdings is planning to change its name to "Z Fin Limited", with a focus on RWA, Stablecoins, and other areas.

On August 1st, according to Ark Invest Daily, Cathie Wood's Ark Invest purchased 60,000 shares of Figma the previous day. Given the closing price of $115.5, the stake is valued at around $6.93 million.

On August 1st, based on Coinglass data, if Bitcoin drops below $114,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $609 million. Conversely, if Bitcoin exceeds $116,000, the cumulative intensity of short liquidation on mainstream CEXs will only be $73.97 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to the adjacent liquidation cluster, that is, the intensity. Therefore, the liquidation chart shows to what degree the asset's price reaching a certain level will be impacted. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.

On August 1st, based on on-chain information, a shrewd whale today converted their Bitcoin short position into a long position and established an ETH long position. As of the time of writing, the address holds a total of $3.61 million worth of 25x leveraged Ethereum longs and $1.8 million worth of 40x leveraged Bitcoin longs. Earlier, on July 30th, this shrewd whale flipped their ETH longs to shorts at an entry price of $3,803. This address has cumulatively earned nearly $36 million in profits on Hyperliquid.

On August 1st, based on official information, Binance Alpha is scheduled to list MOMOFUN (MM) on August 3rd. Qualified users will be able to utilize their Binance Alpha points to claim the airdrop on the Alpha activity page once trading commences. Further details will be made known shortly.

August 1st, the first AI Avatar token MIA of ai.ac officially landed on Binance Alpha, presenting a global opportunity for users to participate in the Avatar economy! ai.ac, incubated by Web3 accelerator amber.ac under the Amber Group, is a pioneering Avatar economy platform. As the first Avatar born on this platform, MIA has the capability to independently handle marketing, financing, operations, community management, value creation, and distribution, aiming to promote the Avatar economy and provide returns to its token-holding community. MIA is the core token of the MIA ecosystem and serves as the foundation of the incentive mechanism and a practical tool. Its distribution mechanism and unlocking rules are designed to ensure sustainable growth. MIA will continuously collaborate with top AI projects to advance the Avatar economy infrastructure and assist in creating an AI Avatar-driven AgentFi ecosystem.

On August 1st, the U.S. Securities and Exchange Commission (SEC) officially acknowledged the receipt of the Canary PENGU ETF application. This ETF is the first of its kind, being a blend of Meme Token and NFT in a spot ETF. With the growing attention from Wall Street, market participants anticipate a decisive moment of convergence between digital assets and traditional finance. The Canary Spot PENGU ETF intends to allocate 80-95% of its portfolio to Solana Meme Token PENGU, which is at the core of the Pudgy Penguins brand. The remaining 5-15% will consist of top NFT "chonky penguins" Pudgy Penguins and be moderately allocated to Solana and Ethereum to enhance liquidity. This holding structure reflects an active investment strategy. The ETF plans to hold specific NFTs based on factors such as rarity, visual appeal, and market value. The fund manager will actively assess and rotate these holdings to maintain the optimal portfolio. Incorporating NFTs into a regulated ETF represents a not