Chiliz Group announced the acquisition of a 51% stake in OG Esports, a globally renowned esports club, formally taking control of the team. The company plans to expand the team, expand its commercial footprint, and strengthen fan engagement. Following the acquisition, OG co-founder Xavier Oswald will assume the role of CEO, while Johan "n 0 tail" Sundstein and Sébastien "Ceb" Debs will launch new strategic projects to further strengthen OG's competitive foundation. Founded in 2015, OG became the first team to win two consecutive Dota 2 International titles, later expanding into Counter-Strike, Arena of Valor, and Major League Baseball. Its $OG Fan Token, launched in 2020, surpassed a $100 million market capitalization. Following the acquisition, Socios.com will become the exclusive platform for the $OG Fan Token, which will serve as a flagship use case for the fan economy, exploring additional applications such as tickets, merchandise, venue privileges, and revenue sharing. Chiliz Group said it will leverage its global network of more than 80 top sports organizations to help OG expand into the international market and push the fan token ecosystem into phase 2.0.

Galaxy Digital announced it will launch its own tokenized money market fund to compete with the likes of BlackRock and Franklin Templeton. (CoinDesk)

Movement Labs announced its official transition to a Layer 1 blockchain to improve network performance and support native staking. Simultaneously, the project also launched Move 2.0 to further enhance its development and ecosystem capabilities.

OKX market data shows that BTC has broken through 116,000 USDT and is currently trading at 116,007.8 USDT, a 24-hour increase of 1.02%. (This newsletter is generated by AI)

Market data shows that STBL has reached 0.2 USDT, a 1700% increase in the past hour, and is currently priced at 0.1890 USDT. Founded by Reeve Collins (co-founder of Tether) and backed by Wave Digital Assets, STBL aims to build the next-generation stablecoin infrastructure.

On-chain data shows that the whale address 0xb78...017da purchased approximately $100,000 worth of STBL at an average price of 0.037 USDT. STBL is currently trading at 0.17 USDT. In addition, the whale has not sold any of its holdings and has made a floating profit of $370,000.

According to OnchainLens monitoring, newly created addresses have withdrawn a total of 900.34 BTC from OKX in the past two days, worth approximately US$103.62 million.

Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that with the rise of digital asset reserves (DATs), Ethereum may benefit more than Bitcoin and Solana. His report noted that the recent decline in DATs' market net asset value (mNAV) will force companies to differentiate themselves and may drive consolidation among Bitcoin reserves. In contrast, Ethereum and Solana reserves may have higher mNAVs due to their ability to generate staking income, and the Ethereum reserve is more mature and has a more significant advantage. Currently, DATs hold 4% of Bitcoin, 3.1% of Ethereum, and 0.8% of Solana, and the size of their holdings has a significant impact on token prices. Kendrick believes that market saturation is the primary factor behind the valuation compression, but DATs still offer "selective investment value" as they provide access to digital assets in restricted regions. In the future, fund-raising capabilities, company size, and staking income will be key factors in differentiating DAT performance. He added that if some DATs remain below asset value for a long period of time, consolidation may occur, and strategic acquisitions may be more cost-effective than direct purchases. Overall, DATs will drive Ethereum’s outperformance over Bitcoin and Solana. (The Block)

According to crypto influencer AB Kuai.Dong, South Korean trader NamSEOKHEE, who had previously opened long positions in over 60 altcoins in anticipation of the altcoin season, has just closed all of his long positions, save for one in ENA (currently with a paper loss of $109,000). He had previously profited $712,000 a week ago using this strategy, but, convinced that altcoin season was imminent, he ultimately held on to most of his positions, resulting in all of his profitable positions turning into losses.

Bitwise submitted the S-1 application for Avalanche ETF (0002086017) to the US SEC.

Real first-hand experience always comes from those who are driving industry change.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

Cryptocurrency, crypto market, foreigners’ platform, alternative business methods in the currency circle, Golden Finance, a combination of Chinese and Western, everyone makes money together.

As the Bitcoin ecosystem continues to improve, the valuation debate over MSTR will continue, but one thing is certain: strategic stocks will find it difficult to replace Bitcoin as the "growth leader" in the crypto market.

Recommended reading tonight: 1. Base's consideration of issuing a new token; 2. Bitwise: The upcoming crypto ETF event; 3. A quick overview of the TCG card tokenization trend and related trading platforms;

In the next decade, RWA may become a decisive turning point for Crypto to move towards the real economy and achieve mainstream adoption.

The U.S. Securities and Exchange Commission (SEC) has changed its previous attitude of strict scrutiny of the decentralized finance (DeFi) field.

By redirecting the profits once monopolized by publishers to the ecosystem, can Hyperliquid complete the last piece of the puzzle in its closed ecological loop?

U.S. President Donald Trump has lodged a $15 billion lawsuit against The New York Times over defamation claims.

Israel has seized 137 cryptocurrency wallets linked to Iran’s Revolutionary Guards, holding an estimated $1.5 billion in USDT. Authorities froze part of the funds using Tether’s blacklisting feature, but most remain active, showing the limits of controlling crypto transactions.