Solana stake ETF successfully launched, innovative structure attracts follow.
On July 3, the first Solana stake ETF was officially listed for trading on the Chicago Options Exchange. This product, named REX-Osprey Solana stake ETF (code: SSK), exceeded expectations on its first day, with a trading volume of $33 million and an inflow of $12 million.
This ETF not only tracks the market price of Solana (SOL) but also provides investors with native Solana stake rewards. Currently, its dividend yield is 7.3%, distributed in the form of variable stake reward monthly dividends. This innovative feature sets it apart from traditional crypto asset ETFs.
Compared to the recently launched SOL futures ETF, SSK's debut performance was more outstanding. The trading volumes of several Solana futures ETFs launched in March this year were all less than SSK on their first day, indicating the market.

Regulatory Dynamics
The Italian banking sector is conducting a digital euro trial.
The Italian Banking Association (ABI) recently launched a digital euro pilot project based on distributed ledger technology. The association brings together over 700 Italian banking institutions to explore the technical feasibility of the digital euro and its potential value-added services.
The experiment is divided into two phases: first, to study the infrastructure and distribution model, assessing technical feasibility; secondly, to analyze how programmability can create unique application scenarios that distinguish the digital euro from existing electronic payment systems.
ABI stated that this move aims to promote public discussion and help Italian banks prepare for future development.
The Hong Kong Bitcoin Association calls for a re-examination of cryptocurrency regulations.
In response to the Hong Kong government's announcement in November regarding plans to prohibit retail trading of cryptocurrencies and regulate Bitcoin ATMs, the Hong Kong Bitcoin Association recently called on regulators to reconsider the impact of this decision on the city's number of...

[Coin World] It is reported that Nasdaq-listed company MCVT announced an increase in its holdings of 5,600,607 SUI, with an average purchase price of 3.65 USD. As of August 10, 2025, it has held 81,871,794 SUI, valued at approximately 316 million USD.

[Coin World] News: The U.S. listed company Safety Shot announced a strategic alliance with Bonk's founding contributors to launch the BONK treasury strategy.

On August 11, according to official news, the dYdX Foundation announced the allocation of 8 million USD in DYDX Tokens from the dYdX chain community treasury to comprehensively upgrade its funding program, aiming to accelerate ecological rise, enhance capital efficiency, and provide scaled strategic funding support for high-impact projects. It is reported that the 8 million USD will be focused on three main areas over the next 12-18 months:
· Infrastructure, development tools, and security system construction
· Ecosystem Expansion Plan
· Cutting-edge technology research and development
The new plan will be directly operated by the foundation's wholly-owned subsidiary dYdX Grants Ltd., replacing the original Grants DAO structure.

dYdX consolidates its leading position in the decentralized Perptual Futures market, with the new version performing excellently.
The competition in the decentralized Perptual Futures market is becoming increasingly fierce, and dYdX, as the leader in this field, has recently shown outstanding trading volume, firmly holding the top position.
Data shows that as of January 24, 2024, even considering only the Starkware Layer 2 (dYdX v3) data, dYdX's trading volume far exceeds that of other derivatives protocols. It is worth noting that the trading volume of dYdX v4 is already comparable to v3, and with various incentive measures in place, the v4 version may have greater development potential.
dYdX v4, that is dYdX

Data sovereignty and Decentralization storage systems
Introduction
Data sovereignty has become a key issue in the digital age, involving aspects such as privacy, security, and user control. Traditional data sovereignty models rely on government control and data localization policies, but global digital interactions pose challenges to this approach. Centralized storage systems are vulnerable to data breaches, censorship, and unauthorized access, undermining user autonomy and data security.
In response to these issues, the concept of "data sovereignty" ( DSS ) has emerged, granting individuals and organizations complete control over their data. DSS emphasizes user-led data management, freeing itself from reliance on centralized institutions. This shift aligns with the trend of decentralization in digital infrastructure, distributing trust among multiple participants.
Blockchain technology, with its characteristics of Decentralization, transparency, and security, is driving this transformation. Smart contracts enable automated data access.

According to the official announcement from Bitu, the RWA protocol Zoth has received a strategic Token investment of 15 million USD from the private sale fund Bolts Capital.
The funds will be used to accelerate Zoth's development in the on-chain physical asset field and to prepare for the upcoming TGE.

[Golden Finance] According to monitoring, as ETH falls below $4200, futures trading whales are shorting 20,000 ETH with open orders in the range of [$4200 - $4240], approximately $95.1 million.

AI Agent-driven payment infrastructure: a new paradigm in the encryption industry
For the past century, the basic unit of economic activity has been humans. However, the rise of AI technology is reshaping this landscape, allowing machines to evolve from passive tools into "active economic agents" - AI Agents.
Recently, the stablecoin USDT announced its integration into the Bitcoin ecosystem, covering its base layer and the Lightning Network. Behind these trends, a transformation is brewing: AI Agent-driven payment infrastructure is propelling the encryption industry into a new wave of innovation. From Bitcoin's consensus layer to the execution layer of smart contracts, and to the AI-driven application layer, the encryption industry may welcome AI + PayFi +.

According to monitoring, as ETH falls below 4200 USD, Futures Trading Whales are shorting 20,000 ETH with open orders in the range of [4200 USD - 4240 USD], equivalent to approximately 95.1 million USD.