Strategy Completes $2.521 Billion STRC Stock IPO, Acquires 21,021 Bitcoins
On July 30, Strategy (MSTR) announced the completion of an initial public offering (IPO) of 28,011,111 floating rate Series A perpetual preferred shares "STRC" at a price of $90 per share. The STRC IPO is the largest IPO in the United States in 2025 and one of the largest cryptocurrency-related issuances in recent years. STRC is expected to be listed on the Nasdaq Global Select Market around July 30, 2025, with the stock code "STRC". The total transaction raised approximately $2.521 billion. Strategy (MSTR) has acquired 21,021 bitcoins at a total value of approximately $2.46 billion, with an average purchase price of around $117,256, and has achieved a 25.0% bitcoin return year-to-date in 2025. As of July 29, 2025, Strategy holds 628,791 bitcoins, with a total value of approximately $73.73 billion, an average cost per bitcoin of around $73,277, and a total cost of approximately $46.08 billion.
Linea Announces Token Economics: Total Supply of Around 72 Billion, 9% Airdropped to Early Users
On July 30, Linea officially announced the LINEA token economics: total supply of 72,009,990,000 (around 72 billion), equivalent to 1,000 times the initial ETH circulation, with a distribution method echoing Ethereum's genesis allocation: 85% of the supply dedicated to the ecosystem, with the remaining 15% allocated to the ConsenSys treasury. Early users will receive tokens from a distribution equivalent to 9% of the token supply, which will be airdropped and fully unlocked at TGE. Airdrop eligibility will be assessed based on a series of metrics, including LXP and on-chain indicators. Complete details and individual eligibility information will be published through the official eligibility checker before TGE. In addition to user airdrops, 1% of the LINEA token supply will be reserved for strategic builders in the Linea ecosystem, fully unlocked at TGE, including core applications and community. 75% of the LINEA token supply is allocated to the ecosystem fund, managed by the Linea Alliance, including members such as ENS Labs, Eigen Labs, SharpLink, Status, and ConsenSys. Approximately 25% of the funds will be used to support ecosystem launch in the first 12-18 months, with the remaining 50% to be gradually released over 10 years to fund protocol R&D, shared infrastructure, open-source tools, and strategic partnerships with aligned developers. 15% of the total token supply is allocated to the ConsenSys treasury. These tokens will be locked for five years and non-transferable before the full vesting period expires. ETH is used as the network gas token, with 20% of gas fees burned after L1 costs, reducing ETH supply and enhancing its monetary premium, while the remaining 80% of gas fees are used to burn LINEA.
Data: Network Liquidations Reach $350 Million in Past 24 Hours, Long Positions Liquidated at $259 Million, Short Positions at $91.48 Million
According to Coinglass data, network liquidations in the past 24 hours totaled $350 million, with long positions liquidated at $259 million and short positions at $91.48 million. Among these, Bitcoin long positions were liquidated at $25.73 million, Bitcoin short positions at $12.66 million, Ethereum long positions at $63.13 million, and Ethereum short positions at $29.83 million. Additionally, in the past 24 hours, 140,109 individuals were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT valued at $2.0291 million.
James Wynn Closes Position After 9 Consecutive Liquidations on PEPE Long, Loses $1.24 Million
On July 30, according to OnchainLens monitoring, James Wynn closed his 10x PEPE long position after being partially liquidated 9 times consecutively and withdrew $32,931 from Hyperliquid to deposit on Binance. James Wynn lost $1.24 million on this long trade.
White House Lobbies Intensely Against Stock Trading Ban Involving the President
On July 30, according to AXIOS, the stock trading ban bill proposed by Republican Senator Josh Hawley has become a challenge for the Republican Party. Several sources revealed that due to the opposition of Homeland Security Committee Chairman Rand Paul, Hawley needs Democratic support to pass the committee vote scheduled for Wednesday. Therefore, Hawley agreed to include language that would also subject the President and Vice President to the ban, which would prohibit certain investments by the President and Vice President, expanding the original scope limited to Congress members. Sources stated that the White House's legislative affairs office began fighting back after learning of this matter, lobbying against the stock trading ban.
White House Delays CFTC Chairman Nomination Vote, Possibly Due to Quintenz Seeking Competitor's Confidential Information
On July 30, according to crypto journalist Eleanor Terrett, the White House has delayed advancing the CFTC Chairman nomination vote, possibly because the nominee Quintenz's team sought to obtain CFTC confidential information about competitors like Polymarket and PredictIt while he was still a director at Kalshi, raising concerns about potential conflicts of interest.
Data: Multiple Entities Accumulated 648,000 ETH Since July 10, Total Value Around $2.44 Billion
On July 30, according to EmberCN monitoring, the address "0x3dF...E3E" continued to accumulate 12,000 ETH through Galaxy Digital 7 hours ago, valued at $45.01 million. This address has accumulated 112,972 ETH in eleven days since July 19, valued at $413 million, with an average price of $3,662. Addresses accumulating large amounts of ETH through multiple channels (not belonging to the same entity) since July 10 have now accumulated up to 648,000 ETH, valued at approximately $2.44 billion, with an average price of around $3,445.
CITIC Securities: Suggests Continuing to Focus on Potential First Batch Stablecoin License Issuers
According to Jinshi data, CITIC Securities research report stated that on July 29, the financial authority released a series of documents regarding the stablecoin issuer regulatory system to be implemented from August 1. The core document is the "Regulatory Guidelines for Licensed Stablecoin Issuers", with the "Stablecoin Issuer Licensing System Summary" being the most guiding in the current application stage. In terms of timeline, the financial authority encourages potential applicants to contact regulators before August 31, with mature applicants having an application deadline of September 30. The first batch of licenses will be limited to single digits, expected to be implemented before the end of the year. It suggests continuing to focus on potential issuers of the first batch of scarce licenses and platforms with definitive participation in stablecoin usage scenarios.
Analyzing the Crypto-Stock Flywheel, What You Need to Know Before Buying Crypto Stocks
In 2025, the capital market presents a "crypto-stock flywheel" mechanism, with listed companies driving stock prices through cryptocurrency holdings. Strategy uses Bitcoin as its core, constructing a long-term value bridge through large-scale financing and strategic arbitrage; while some enterprises like Bit Origin manipulate the market using Altcoins, creating liquidity illusions to harvest investors. The essential difference lies in asset quality, strategic intent, and capital flow, and investors need to distinguish core assets and trading motivations to avoid speculative traps.
Ethereum Treasury Race Heats Up: Institutional Accumulation of ETH Sparks Capital Frenzy, How High Can ETH Go?
The cryptocurrency market is experiencing a transformation as institutional capital massively accumulates Ethereum (ETH) through US stock instruments. Companies like BitMine (BMNR) and SharpLink (SBET) are accelerating ETH acquisition through equity financing, driving market growth while causing short-term volatility. SBET, led by Ethereum co-founder Rubin, employs a low-leverage strategy to quickly accumulate ETH, while BMNR faces early investor sell-off pressure. This race highlights institutional long-term bets on ETH as digital infrastructure, propelling ETH prices and reducing circulating supply, reshaping the crypto market landscape.
Rate Cut or Rainfall Tomorrow? Key Week Setting the August Market Script
This week marks a critical turning point, with the Federal Reserve rate decision, tech giant earnings reports, and the White House digital asset report collectively influencing the summer market trend. Bitcoin remains strong under $9 billion of selling pressure, while Ethereum accelerates its rise due to ETF fund inflows. Simultaneously, US GDP, core PCE, and non-farm data will guide rate cut expectations, with the market awaiting policy signals from the Federal Reserve. Traders face the choice of positioning for a rebound or managing liquidity withdrawal, and the cryptocurrency market may be on the brink of a directional breakthrough.
