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Ethereum treasury protocol ETH Strategy secures $46 million in prelaunch raise
Ethereum treasury protocol ETH Strategy secures $46 million in prelaunch raise

Quick Take ETH Strategy stated that it has raised 12,342 ETH ($46.5 million) in pre-launch funding. Its STRAT token is expected to go live on Tuesday.

The Block·2025/07/28 16:00
Bitmain plans to open US production facility by end of Q3 amid policy shifts: Bloomberg
Bitmain plans to open US production facility by end of Q3 amid policy shifts: Bloomberg

Quick Take Mining hardware firm Bitmain told Bloomberg that it plans to launch a new production line in Texas or Florida by the end of the third quarter. It intends to hire 250 local employees initially for production and on-site maintenance.

The Block·2025/07/28 16:00
Crypto industry braces for incoming White House 'regulatory Bible' on rules, bitcoin reserve, and taxes
Crypto industry braces for incoming White House 'regulatory Bible' on rules, bitcoin reserve, and taxes

Quick Take Cody Carbone, CEO at The Digital Chamber, called the incoming report a “regulatory Bible,” or a guidebook. A source familiar with the matter said so far, there seems to be nothing in the report that talks about a bitcoin reserve, but said that could change on the fly.

The Block·2025/07/28 16:00
Flash
11:12
Huang Licheng shows off a 25x leveraged ETH long position and then closes the position to reduce holdings
Huang Licheng shared a screenshot on the X platform showing a 25x leveraged ETH long position, holding 11,100 ETH with an entry price of $1,735 and a liquidation price of $1,751. He commented that he was preparing to earn it all back in a single trade. According to Hyperbot data, Huang Licheng reduced his long position one hour ago, with his current holding down to 10,100 ETH, valued at approximately $17.8871 million.
11:01
Summer.fi has officially confirmed it suffered an attack and has suspended all vaults of the Lazy Summer Protocol.
ChainCatcher reports that Summer.fi has officially confirmed being attacked, and has suspended all vaults under the Lazy Summer Protocol. The root cause is currently under investigation, and updates on progress will be provided going forward.
10:58
Bitget launches AI-themed stock trading campaign with a total prize pool of 895 rDRAM
Odaily reports that Bitget has launched an AI-themed stock subsidy event, running from July 6 at 19:00 to July 13 at 18:59 (UTC+8). During the event, users who trade designated AI sector stock spot products will receive blind box draw opportunities, with a guaranteed 100% chance of winning upon opening. Prizes include rDRAM spot cash vouchers, with up to 50 rDRAM available in a single draw. Additionally, the event features a special ranking session, where the top 100 eligible users by cumulative trading volume will share a leaderboard reward of 320 rDRAM, and the champion will exclusively receive 25 rDRAM. For more details, please refer to the official Bitget platform.
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