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Investors are generally showing weak interest in Bitcoin Treasury (DAT) strategies, reflecting a saturated market demand and a rational return. Meanwhile, new altcoin DATs continue to emerge, but there is controversy within the industry regarding the prospects of such companies.

This article is an open letter from Bitget CEO Gracy Chen on the occasion of the company's seventh anniversary. Using the metaphor of the "nonexistent seventh gear" in motorcycle racing, she explains Bitget's spirit of pursuing breakthroughs and moving forward at full speed. In the letter, Gracy announces the new concept of the "Universal Exchange (UEX)" and defines it as the future form of exchanges.

Donald Trump filed a $15B defamation lawsuit against the New York Times, claiming its reporting harmed his brand, Trump Media, and meme coin. The dispute highlights his media battles and growing reliance on crypto ventures.

Quick Take A dormant bitcoin whale transferred 1,000 BTC worth around $116 million on Tuesday after more than 11 years of dormancy. XRP treasury firm VivoPower said its mining arm Caret Digital will swap mined coins like BTC, LTC, and DOGE into XRP, claiming the strategy effectively gives it a 65% discount to market prices.

Quick Take Wormhole unveiled a new W 2.0 tokenomics plan, including increased earning opportunities for token holders that contribute to protocol governance as well as a strategic reserve. Less than half of the total W token supply, about 4.7 billion out of a maximum of 10 billion tokens, is currently in circulation.

Quick Take The SEC has given Grayscale’s Digital Large Cap Fund (GDLC) the green light to trade on markets. The fund provides exposure to five cryptocurrencies — bitcoin, ether, XRP, Solana and Cardano. GDLC’s approval coincides with the SEC adopting generic listing standards for crypto ETFs, which would expedite the launch process.