Odaily Planet Daily News: FTX announced that the record date for the next round of debt distribution is August 15, 2025, and it is expected to start on September 30, applicable to approved Class 5 customer claims, Class 6 general unsecured claims, and previously unallocated convenience claims. At the same time, FTX has obtained court approval to reduce the disputed claims reserve from US$6.5 billion to US$4.3 billion, releasing approximately US$1.9 billion in cash for this round of distribution. (prnewswire)

Odaily Planet Daily News: Bo Hines, executive director of Trump's Digital Asset Advisory Committee, said on the X platform that the President's Digital Asset Task Force has completed a 180-day report, the White House's first encryption policy report, which will be publicly released on July 30.

Odaily Planet Daily News LetsBONK announced that it will use 1% of its total revenue to repurchase the top tokens in the BONK ecosystem. The relevant funds come from the team marketing fund, and the repurchase operation will be carried out on a weekly basis. Data shows that LetsBONK has generated about $1.5 million in handling fees in the past 24 hours, and will provide $15,000 for this round of repurchases in proportion. Recently, LetsBONK has surpassed its competitor Pump.fun in daily trading volume and the number of tokens issued. Dune data shows that the total market value of tokens issued on its platform has exceeded $1 billion. Among them, Useless Coin is the largest token, followed by ANI, which represents the Grok AI companion token launched by xAI. (The Block)

According to BlockBeats, the Ninth Circuit Court of Appeals has delivered a mixed verdict in the ongoing legal battle between Yuga Labs, the issuer of Bored Ape NFTs, and artist Ryder Ripps. The case revolves around Ripps' sale of NFT replicas as "expressive appropriation art." The court determined that NFTs qualify as "goods" eligible for trademark protection, dismissing many of Ripps' legal arguments. However, it overturned a previous $8 million judgment against Ripps and remanded the case to a lower court. The lower court is tasked with re-evaluating whether the RR/BAYC NFTs caused consumer confusion. The dispute began in June 2022 when Yuga Labs accused Ripps of devaluing its brand by releasing the RR/BAYC NFT series. While the court rejected Ripps' defenses based on "expressive art" and First Amendment protections, it acknowledged the need for further evidence to assess the potential for consumer confusion.

According to BlockBeats, U.S. Treasury Secretary Besent has indicated that a new nominee for the Federal Reserve Chair may be announced in December or January of next year.

Golden Finance launches the 2764th issue of "Golden Morning 8" - a morning report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on the digital currency and blockchain industry.

The FTX Recovery Trust has set Aug. 15 as the record date for its next distribution to creditors, with payments expected to begin around Sept. 30, according to a statement released on July 23 source: https://cryptoslate.com/ftx-creditors-to-receive-next-round-of-payouts-by-sept-30/

null source: https://x.com/BTC_Archive/status/1948163954418627073

Litecoin (LTC) is picking up speed. The coin is now trading at $116 after rising 20% over the last seven days. Trade volume has also jumped by 1. 30%, hitting $1 source: https://www.newsbtc.com/altcoin/litecoin-is-on-fire-120-125-range-in-bullish-crosshairs/

Park Gyuri, a founding member of the K-pop girl group Kara, is facing fresh crypto allegations, days after telling a court she did not participate in her ex-lover’s alleged altcoin fraud operations. source: https://cryptonews.com/news/k-pop-star-park-gyuri-of-kara-denies-crypto-wrongdoings-as-ex-lovers-trial-continues/

According to PANews, JPMorgan has expressed skepticism over the projected $2 trillion size of the stablecoin market, describing it as 'overly optimistic.' Analysts from the financial institution highlighted that the current market size of $260 billion might only see a 2-3 times growth in the coming years, which is significantly lower than the U.S. Treasury Secretary's expectation of surpassing $2 trillion by 2028. The report noted that although the GENIUS Act has established a regulatory framework for stablecoins, the development of payment infrastructure and ecosystems will take time. Currently, USDT and USDC dominate over 60% of the market share, yet stablecoins account for only 1% of global capital flows. Analysts believe that due to investors' conservative approach to cash management, it is unlikely that stablecoins will become a mainstream liquidity alternative in the short term. JPMorgan emphasized that while stablecoins offer the advantage of instant settlement in cross-border payments, their acceptance is higher among merchants than among ordinary consumers.

Back to the first principles of the market, if altcoins want to rise, they need capital to flow in. If there is to be an altcoin season, it means that capital must flow into all the current altcoins in a large amount for it to be called a season.

Bitcoin may not be a bubble, but it is not invulnerable either - this is the most valuable lesson of history.

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

The Hong Kong Digital Asset Development Policy Declaration 2.0 (hereinafter referred to as the Policy Declaration 2.0) is a policy document issued by the Hong Kong Special Administrative Region Government on June 26, 2025, which aims to build Hong Kong into a digital asset development platform.

Satoshi Nakamoto, BTC, quantum computing, will Satoshi Nakamoto's 1.09 million bitcoins become the price of faith? Golden Finance, in the face of quantum threats, should we deal with Satoshi Nakamoto's bitcoins?

ETH, altcoin, surged 60% in January. Where is the soaring Ethereum heading? Golden Finance, when will the altcoin season come?

Recommended readings tonight: 1. Trump and Bessant join forces to “create the market”. BTC 250,000 and ETH 10,000 by the end of the year is not a dream? 2. From getting rid of trouble to rebirth, understand the future of Polymarket; 3. Pantera: Tokenized chain migration;

From getting rid of regulatory dilemmas to re-planning the future, every step of Polymarket is full of unknown challenges. At the same time, Polymarket also provides an example of how encryption technology can be used to solve social problems, inspiring the industry to try in more areas.

It’s not just ETH that may bring about a cryptocurrency alt season, even the Russell 2000 may reflect a U.S. stock alt season.