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Google Play is tightening oversight on cryptocurrency wallet providers, with a new policy requiring licensing and compliance with “industry standards” in more than 15 jurisdictions — including the United States and European Union.
Canary Capital has taken the first formal step toward launching what could become the United States’ inaugural exchange-traded fund (ETF) tied to the official Trump memecoin.
Solana adoption explodes past 3 million wallets while macro tailwinds and neutral funding rates set the stage for a powerful breakout.
Quick Take In a registration statement filed on Friday, Grayscale said it was renaming the Grayscale Dogecoin Trust to the Grayscale Dogecoin Trust ETF. “The Shares are expected to be listed on NYSE Arca under the ticker symbol ‘GDOG,’” according to Friday’s filing.
The Federal Reserve officially terminated its Novel Activities Supervision Program, shifting crypto oversight to standard processes as Treasury rules out new Bitcoin purchases for strategic reserves.
- 11:42Andrew Tate's Hyperliquid Account Has Accumulated Losses Approaching $700,000According to Jinse Finance, taekwondo champion Andrew Tate is among the latest celebrities to invest in the YZY token. A wallet address linked to Tate opened a 3x leveraged short position on the YZY token at a price of $0.85, and the position is currently at a loss of $16,000. Data from Lookonchain shows that Tate "does not seem to excel at long trades," as his cumulative losses on this Hyperliquid account have approached $700,000. "So far, he has made 80 trades on Hyperliquid, with only 29 being profitable (win rate: 36.25%), and total losses reaching $699,000."
- 11:24UBS Raises ZhongAn Online Target Price to HK$22.3 to Reflect Its Long-Term Stablecoin/Cryptocurrency OpportunitiesAccording to a report by Jinse Finance, UBS has released a research note stating that ZhongAn Online’s net profit after tax for the first half of the year increased elevenfold year-on-year to 668 million RMB, reaching 68% of the market’s full-year earnings forecast. The combined cost ratio improved by 2.3 percentage points compared to the same period last year, dropping to 95.6%, which may exceed market expectations. The banking business has moved out of loss, prompting UBS to raise ZhongAn Online’s target price from HKD 13.1 to HKD 22.3 to reflect long-term opportunities in stablecoins/cryptocurrencies, favorable stock market policies, and rolling valuations.
- 11:01TRON Network Sees Surge in Liquidity: $6.95 Billion Transferred Between Major Wallets in 24 HoursAccording to a report by Jinse Finance, @cryptoquant_com has released a chart showing a surge in liquidity on the TRON network: in the past 24 hours, large wallets have transferred a total of $6.95 billion. "Wallets holding over $100 million accounted for nearly 80% of the total daily transfer volume—a significant increase from approximately 54% on June 22."