Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering the week's key news, mining information, project dynamics, technological progress and other industry dynamics. This article is one of the news weekly, taking you through this week's blockchain industry events.
Headlines
▌Pump.fun plans to launch an incentive plan
According to Assemble AI, Pump.fun plans to launch an incentive plan to regain market share as the platform's market share declines
▌Goldman Sachs no longer expects the ECB to cut interest rates this year
Goldman Sachs: No longer expects the ECB to cut deposit rates in 2025, having previously predicted a 25 basis point cut in September; it expects the terminal deposit rate to remain at 2% in 2025, compared with a previous forecast of 1.75%. (Jinshi)
▌Pudgy Penguins clarifies: OpenSea was not acquired
Pudgy Penguins security director Beau issued a statement to clarify, "Pudgy Penguins did not acquire Opensea...Calm down. The scale of our layout for the Penguin Project is far beyond your speculation about an acquisition. Instead of guessing these, it is better to talk about our cooperation with Lufthansa and NASCAR, and help us find the next excellent brand worth expanding together."
Previously, Pudgy Penguins CEO Luca Netz revealed that he had acquired a company in December last year, and the community generally speculated that it was OpenSea.
▌Volcon, a US-listed company, increased its holdings by 2,903 BTC, bringing its total holdings to 3,183.37 BTC
According to NLNico monitoring, Volcon (VLCN), a US-listed company, increased its holdings by 2,903 BTC today, holding a total of 3,183.37 BTC, with a total purchase price of approximately US$375 million and an average purchase price of US$117,697 per BTC.
▌Crypto Fund Pure Crypto Plans to Raise Funds to Create Fourth Fund
On July 25, according to Fortune, the crypto fund Pure Crypto plans to raise funds to create its fourth fund, and the specific size has not been disclosed. Pure Crypto founder Jeremy Boynton and managing partner Zachary Lindquist said that Pure Crypto’s first fund launched in 2018 has appreciated by nearly 1,000% and will be worth approximately US$60 million by the end of 2024.
Policy
▌The White House will allow 401(k) to invest in cryptocurrencies, and Blackstone's president expects large private equity firms to dominate the market
According to Bloomberg, the White House is preparing an executive order that will provide legal protection for 401(k) retirement plan managers, allowing them to include private market funds, cryptocurrencies and other alternative assets in their investment options. Jon Gray, president of Blackstone Inc., said that once the United States paves the way for 401(k) plans to expand into investment areas beyond stocks and bonds, the leading institutions in the alternative asset industry will be most likely to benefit. This move will bring major changes to the U.S. retirement savings market, provide ordinary investors with more diversified investment channels, and may also create new business growth points for large private equity management companies.
▌US media: DOGE plans to use AI to remove 50% of regulations before the first anniversary of Trump's inauguration
According to The Washington Post and four government officials, the US Government Efficiency Department (DOGE) is using a new artificial intelligence tool to significantly cut federal regulations, with the goal of removing half of the regulatory requirements before the first anniversary of Trump's inauguration. The tool, called the "DOGE AI Deregulation Decision Tool," plans to analyze approximately 200,000 federal regulations to determine which regulations can be canceled. According to a presentation on July 1, the tool is expected to cut about 100,000 regulatory items. The report also stated that the tool will save the United States trillions of dollars by reducing compliance requirements, cutting the federal budget and freeing up "external investment." According to the report, the tool has successfully deleted more than 1,000 "regulatory clauses" from the Department of Housing and Urban Development in less than two weeks and completed "100% deregulation work" at the Consumer Financial Protection Bureau. (Golden Ten)
▌White House: Any discussion of a possible agreement should be considered “speculation” unless announced by Trump
The White House responded to reports on the EU trade agreement, saying that any discussion of a possible agreement should be considered “speculation” unless announced by President Trump.
▌The Trump administration’s digital asset working group’s 180-day report will be released on July 30
Bo Hines, executive director of the Trump administration’s digital asset advisory committee, posted on social media that “President Trump’s digital asset working group has completed its 180-day report, which will be released publicly on July 30.”
▌The U.S. Department of Justice informed Trump in May that his name appeared in Epstein’s documents
When Justice Department officials reviewed what Attorney General Bondi called a "truckload" of documents related to the Epstein case earlier this year, they found Trump's name popped up multiple times, according to senior administration officials. Officials said Bondi and her deputies told Trump in a White House meeting in May that his name was in Epstein's documents. Trump was also told that many other prominent names also appeared. Being mentioned in the records does not mean there was wrongdoing. Officials said it was a routine briefing that covered many topics and that Trump's appearance in the documents was not the focus. (Wall Street Journal)
Blockchain Applications
▌Injective tokenizes SharpLink's SBET shares
Injective announced that it will tokenize SharpLink's (ETH treasury company backed by Ethereum co-founder Joe Lubin) shares on the blockchain. SharpLink currently holds 360,000 ETH and is the second largest Ethereum treasury company after BitMine. SBET tokens are based on Injective's iAssets framework and can be used for on-chain financial operations such as lending, mortgages, and derivatives, promoting the deep integration of traditional equity and crypto assets. SBET currently has a market value of approximately US$2.6 billion. Injective is supported by Binance, Jump, Pantera, etc.
▌Crypto custodian Anchorage Digital launches stablecoin issuance platform
US crypto custodian Anchorage Digital announced the launch of a stablecoin issuance platform to assist clients in seizing the expected growth boom in asset-backed tokens after the passage of US stablecoin legislation.
▌Solana network has activated a 20% block limit upgrade
According to @martypartymusic, the Solana network increased the block size by 20% yesterday in accordance with the SIMD-0256 proposal.
This upgrade increases the block limit from 50 million computing units (CUs) to 60 million CUs, allowing each block to accommodate more transactions, thereby improving network throughput and overall performance, and users will clearly feel the increase in transaction speed.
▌Duodian Digital Intelligence Completes HK$393 Million Placement, 50% of Funds for Stablecoin and Blockchain R&D
According to the announcement of the Hong Kong Stock Exchange, Duodian Digital Intelligence Co., Ltd. announced that it has completed a placement of HK$393 million, and 50% of the net proceeds will be used for R&D investment and technological advancement of stablecoins and blockchains, that is, all will be used to pay the employee costs of the company's blockchain experts to develop and maintain relevant systems and interfaces related to the development of new businesses (including various systems in the fields of trading, reserve management, settlement, clearing, compliance and issuance), and these funds are expected to be used before the end of 2026.
The main source of income for this potential new business is the investment income of stablecoins. The company plans to invest the legal currency received through the issuance of stablecoins in low-risk assets permitted by law to obtain investment returns. In addition, the company expects to generate revenue through transaction fees, provision of technical services and potential licensing of blockchain payment infrastructure.
▌Vaulta receives $6 million in strategic financing from WLFI
Vaulta (formerly EOS Network) receives $6 million in strategic financing from WLFI to advance Web3 banking in the United States, and USD1 will be directly integrated into Vaulta's infrastructure.
Cryptocurrency
▌Tether: Tether Gold tokens have reached nearly 250,000, backed by a total of 7.66 tons of physical gold
Tether announced that in the second quarter of 2025, its issued Tether Gold tokens have reached nearly 250,000, backed by a total of 7.66 tons of physical gold. Each Tether Gold token is backed by 1 ounce of physical gold and stored in a Swiss vault. The current market value of the token is approximately US$830 million.
▌Huang Licheng closed 1,229 ETH positions at a loss of $80,000, and long positions still have a floating loss of $8.711 million
According to the on-chain analyst Ai Yi, Huang Licheng closed 1,229 ETH positions in the past hour, with a loss of $80,000. At present, his remaining ETH, PUMP and HYPE long positions still have a floating loss of $8.711 million.
▌Founder of LD Capital: The market has completely entered a long bull market, and there may be no traditional 4-year cycle pattern
LD Capital founder Yi Lihua posted on social media, "The market has completely entered a long bull market, and there may be no traditional 4-year cycle pattern. Stablecoins and blockchain are the best opportunities for the United States to globalize the US dollar. With currency stock investment in the left hand and stablecoin interest in the right hand, the market will continue to add new users and funds. The biggest hot spot recently is the currency stock model, which is indeed an innovative invention. The currency circle is too small compared to the US stock market. With the success of BTC and ETH, mainstream currencies such as SUI, BNB, SOL, TON, LTC, etc. will take this opportunity to go to the next level, followed by smaller currencies. Those with professional investment research and information capabilities can seize the opportunity. Finally, I advise you not to short and stay away from the short circle."
▌El Salvador's total Bitcoin holdings have increased to 6,250.18 coins, worth approximately $737 million
According to data from the El Salvador Ministry of Finance website, El Salvador has increased its holdings of 8 bitcoins in the past 7 days. Its current Bitcoin holdings are 6,250.18 coins, worth approximately $737 million.
Important Economic Dynamics
▌Li Qiang: China is willing to work with the EU to promote the quality upgrade of economic and trade cooperation and actively expand cooperation in emerging fields such as artificial intelligence and digital economy
On the afternoon of July 24, Premier Li Qiang co-chaired the 25th China-EU Leaders' Meeting with European Council President Costa and European Commission President von der Leyen at the Great Hall of the People in Beijing. Li Qiang pointed out that China and the EU have broad common interests and no fundamental conflicts of interest. China is willing to work with the EU to promote the quality upgrade of economic and trade cooperation, consolidate and deepen cooperation in traditional fields such as trade and investment, actively expand cooperation in emerging fields such as artificial intelligence, digital economy, and green development, and achieve more results. The two sides can create an "upgraded version" of the China-EU export control dialogue mechanism to ensure the stability of the China-EU production and supply chain. The two sides should persist in deepening cooperation through dialogue and consultation to properly resolve differences and frictions. It is hoped that the EU will adhere to market principles and provide a fair, just and non-discriminatory business environment for Chinese companies to invest in Europe. Costa and von der Leyen said that the EU is committed to developing a long-term and stable partnership with China and is willing to strengthen dialogue and communication with China, enhance mutual understanding, properly handle each other's concerns, promote cooperation in trade, investment and other fields, strengthen EU-China export control cooperation, jointly maintain the stability of the production and supply chain, and better promote each other's development. (Xinhua News Agency) ▌EU officials: EU-US framework trade agreement may be reached this weekend
EU officials and diplomats said that the EU-US framework trade agreement may be reached this weekend.
▌Trump says considering using tariff revenue to issue rebate checks or pay down national debt
Trump said he is considering using part of the revenue his government gets from tariffs on trading partners to issue rebate checks to Americans. "We are definitely looking at it. We have a lot of money coming in right now, and we are thinking about issuing a little rebate," Trump told reporters at the White House on Friday as he departed for Scotland. "It could be very good to give people below a certain income level a little rebate." He also said it is possible that the revenue could be used to pay down the U.S. debt, "The big thing we want to do is reduce the debt, but we are also looking at rebates." So far this fiscal year, U.S. revenue from tariffs has exceeded $100 billion for the first time. According to the monthly budget report released by the U.S. Treasury Department, the United States received $27 billion in revenue from customs duties in June, bringing the tariff inflow to $113 billion so far this fiscal year.
▌US President Trump: EU may have to lower tariffs
US President Trump: EU may have to lower tariffs.
▌US President Trump: Thinks Powell will lower interest rates
US President Trump said he thinks Powell will lower interest rates. Powell told me the economy is in good shape.
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