1. World Liberty Financial Plans to Raise $1.5 Billion to Establish a Public Company Holding WLFI Token
World Liberty Financial, supported by the Trump family, plans to establish a public company holding its WLFI token, aiming to raise approximately $1.5 billion. The transaction structure is still being finalized, and they have approached large investors in the tech and crypto sectors. The company announced last year that it would launch a crypto lending application, has already issued the USD1 stablecoin, and is financing through the sale of WLFI, initially a non-transferable governance token, which is expected to be open for market trading.
2. Hong Kong Monetary Authority Interprets Stablecoin Legislation, Clarifies No Pamphlet Was Issued
The Hong Kong Monetary Authority's FB post stated that they noticed a pamphlet circulating with their logo regarding stablecoin sales. The authority clarified that they have not issued any such pamphlet.
The authority stated that currently, only authorized providers can legally offer fiat stablecoins. Authorized providers are limited to: licensed stablecoin issuers; corporations licensed by the Securities and Futures Commission for Type 1 regulated activities; virtual asset trading platforms licensed by the SFC; banks; and stored value payment instrument licensees. Unauthorized providers are prohibited from offering stablecoins to retail or professional investors (regardless of whether the stablecoin is regulated). Virtual asset OTC institutions are currently not considered authorized providers under the legislation.
3. SEC Documents Reveal Harvard and Brown Universities' IBIT Holdings
SEC documents show that as of June 30, the Harvard University Management Company newly held 1,906,000 shares of IBIT, valued at approximately $116.6 million. Brown University, also an Ivy League member, held 212,500 shares, worth over $13 million, more than doubling its 105,000 shares from March 31.
4. Ripple Lawsuit Concludes, BlackRock Says No XRP ETF Plans
The SEC and Ripple jointly withdrew their appeals on August 7, ending the lawsuit since 2020, which had accused Ripple of raising $1.3 billion through XRP sales without registering as a security. The market wondered if this would encourage major institutions to file spot XRP ETFs, but BlackRock, the world's largest asset manager, stated they currently have no plans to apply for XRP or SOL ETFs. Previously, institutions like ProShares, 21Shares, Canary, and Bitwise have submitted XRP ETF applications to the SEC.
5. Analyst: 401(k) New Rules May Take Months Before Crypto and Gold See Retirement Fund Inflows
Analyst Jinze Jiang noted that the executive order signed by Trump expands the investment scope of US 401(k) retirement accounts to include crypto and private funds. However, these high-risk assets won't automatically be included in employer plans. Employers and plan administrators need to screen them, and it may take at least several months before seeing retirement funds enter the crypto market, and the initial inflow might be slow.
6. Wu Blockchain Weekly Selection: Crypto Included in US 401(k) Retirement Investments, SEC States Liquidity Staking Does Not Constitute Securities Issuance, and Top 10 News
[The rest of the translation follows the same professional and accurate approach]This Week's Top 10 News
Former UK Chancellor George Osborne criticized the Labour government's conservative stance on crypto policy, warning that the UK is being left behind by the US, Europe, and Asia. He noted that the current crypto revolution is comparable to the "Big Bang" of the 1980s, and if the UK continues to hesitate, it will miss a historic opportunity to reestablish its global financial center status. Despite the UK's published crypto regulatory proposal, the market generally believes the progress is slow. Osborne is currently a member of Coinbase's global advisory board.
8. French Far-Right Party National Rally Drafts Bill to Mine Bitcoin Using Nuclear Powerlink
The French far-right party "National Rally" is preparing to draft a bill to mine Bitcoin using excess electricity from nuclear power plants. In 2016, the party's presidential candidate Marine Le Pen wanted to ban virtual currencies including Bitcoin, claiming they were manipulated by "elite layers" and "Wall Street investment bank lobbying forces"; by 2022, she called for stronger regulation; and now in 2025, she advocates directly "producing" cryptocurrencies.
9. BitMine Currently Holds Over 833,000 Ethereum, SharpLink Holds 522,000link
Tom Lee's BitMine Immersion Technologies (NYSE: BMNR) announced it currently holds over 833,000 ETH, with a total value of approximately $2.9 billion, becoming the world's largest ETH reserve entity. BMNR has accelerated its accumulation in the past 35 days, aiming to stockpile 5% of ETH circulation and earn staking rewards. BitMine's investors include Bill Miller III, Cathie Wood, and Peter Thiel's Founders Fund.
SharpLink tweeted that it currently holds 521,939 ETH. Between July 28 and August 3, SharpLink purchased 83,561 Ethereum for $303 million, at an average price of $3,634. Currently, all of SharpLink's ETH is participating in staking, accumulating 929 ETH in staking rewards.
10. Vitalik: Prioritize ZK Fast Withdrawals, Aiming for Instant Cross-L2 Settlement on L1link
Vitalik Buterin stated that several major Ethereum Layer 2 networks have entered the first stage of security standards, and the next goal should be to achieve fast native withdrawals based on ZK proof systems, prioritizing this over the second stage. He suggested using a "2-of-3" hybrid proof system comprising ZK, OP, and TEE to balance security and speed, noting that as ZK technology matures and costs decrease, this path becomes more feasible. The ultimate goal is to complete near-instant asset transfer and settlement across L2 on L1 through aggregation technology under economically acceptable conditions.
Key Financing Events
SharpLink completes $200 million targeted financing to expand Ethereum reserves to $2 billion link
Verb Technology plans to raise $558 million to establish TON Treasury link
Satsuma completes approximately $218 million convertible debt financing, with over half settled in Bitcoin link
Mill City Ventures III announces equity financing agreement up to $500 million with A.G.P. link
OpenMind announces $20 million financing, led by Pantera Capital link
Tether leads €30 million financing for Bit2Me link
Crypto derivatives trading app Euphoria announces $7.5 million seed round financing link
UK blockchain project BOB announces new round of $9.5 million financing link
The Smarter Web Company completes £8.1 million financing, plans to purchase more Bitcoin link
On-chain trading platform ant.fun completes Series A financing, led by Folkman Venture link
Subzero Labs announces $20 million seed round financing link
Perle announces $9 million seed round financing link
For more industry financing events, please visit crypto-fundraising.info.
