Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

Hyperliquid co-founder Jeff Yan recently told a VALR podcast that one of the biggest challenges facing the crypto and fintech sectors today is failing to attract enough top-tier startup talent. Yan noted that driven by factors like the AI boom and social prestige, many of the brightest young people are uncertain which fields will deliver the most value, leading few to pursue careers in crypto. He emphasized that rebuilding the financial system from first principles and translating academic theories into scalable market designs is highly meaningful work, and urged young entrepreneurs to look beyond surface-level value, focus on the world’s real problems, and engage in the development and innovation of on-chain finance.

According to Farside's monitoring, U.S. spot Ethereum ETFs saw a net inflow of $36.7 million yesterday. Of the total, ETHA recorded a net inflow of $31.7 million, and FETH posted a net inflow of $5 million.

CryptoQuant Research Head Julio Moreno said Strategy’s newly launched digital credit capital framework has largely resolved the company’s short-term liquidity issues, though a more disciplined Bitcoin buy-and-sell mechanism still needs to be established. CryptoQuant noted that since the new framework was announced, Strategy has sold 3,588 BTC (worth approximately $216 million) to replenish its dollar reserves and raised $466.7 million by selling MSTR stock, lifting its dollar reserves from $1.44 billion to around $3 billion. The preferred dividend coverage period has also risen from roughly 14 months to 29 months. As of now, the company’s Bitcoin holdings remain unchanged at 843,775 BTC. However, CryptoQuant believes Strategy has yet to resolve two critical issues: First, when it will resume Bitcoin purchases, as the current framework only regulates financing methods and lacks a valuation-based systematic position-building model, leaving it at risk of repeating the “continuous high-price buying” scenario in the future. Second, how to sell a portion of its Bitcoin during the next bull market; the existing framework allows BTC sales to replenish reserves, pay dividends, and repurchase shares, but no long-term capital management strategy has been developed for phased position reduction or risk hedging at cyclical peaks. CryptoQuant stated that establishing trading discipline spanning bull and bear market cycles will be a core component of Strategy’s active capital management system.

ECB Executive Board member Piero Cipollone has warned that the growing popularity of stablecoins could expose European commercial banks to the risk of losing retail deposits, with the digital euro serving as a long-term solution to this challenge. Cipollone noted that mobile payments have already eroded banks’ fee income and transaction data, while the rise of stablecoins could further undermine banks’ core funding source—retail deposits—thereby impairing their lending capacity. He added that the global stablecoin market is currently valued at around $300 billion, with the vast majority pegged to the U.S. dollar. To address these risks, the ECB is advancing its digital euro project. Under the design, commercial banks will manage digital euro accounts, and the currency will be non-interest-bearing and subject to holding limits to reduce the risk of large-scale capital outflow from the banking system. The ECB has selected 36 payment service providers to participate in the digital euro pilot, which is set to launch in the second half of 2027 and run for 12 months. Separately, the European Parliament approved the launch of digital euro legislative negotiations earlier this July, with the goal of reaching an agreement on the relevant bill by the end of 2026. The digital euro is expected to be officially issued as early as 2029.

Decentralized hedge fund Numerai announced it has completed its third strategic repurchase of Numeraire (NMR), buying $1.2 million worth of NMR on the open market, bringing its cumulative repurchase volume over the past year to $3.2 million. Numerai stated that this repurchase aims to continuously support its machine learning competition ecosystem based on the NMR staking mechanism. Data scientists submit models by staking NMR; those with strong predictive performance earn rewards, while underperformers lose a portion of their staked tokens. This mechanism is used to optimize the Stake-Weighted Meta Model that powers Numerai's hedge fund. Official data shows that since launching its first repurchase in July 2025, the platform's number of active accounts has more than doubled, and its assets under management (AUM) have risen from approximately $560 million at the end of 2025 to around $700 million currently. Prior to this repurchase, Numerai's treasury held approximately 3.1 million NMR tokens. It is reported that the repurchase was completed before the announcement, with transactions executed in batches on the open market via Coinbase Institutional to minimize market price impact.

According to GMGN data, the Solana ecosystem meme coin Jimothy briefly surpassed $22 million in market capitalization before pulling back to $20.14 million. The token has rallied over 52 times in 24 hours, with a 24-hour trading volume of $28.3 million. Jimothy is a Seattle-based raccoon. A rare congenital spinal condition has left it with an unusually small body (appearing "mutated" or stumpy and "deformed"), though it moves normally. It has become a local celebrity, with residents fond of watching it run around yards and balconies. Its videos and photos went viral on social media, shared by major accounts including the NY Post and Mario Nawfal, while some even created "police sketches" as memes. BlockBeats reminds users that meme coins are highly volatile, driven primarily by market sentiment, community hype, and narratives, and lack stable fundamental support. Investors should be mindful of risks.