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Sonnet BioTherapeutics Pivots Into Crypto With $888M Hyperliquid Treasury Strategy
Sonnet BioTherapeutics Pivots Into Crypto With $888M Hyperliquid Treasury Strategy

Nasdaq-listed biotech firm Sonnet BioTherapeutics is making a bold move into the digital asset space, unveiling plans to launch an $888 million Hyperliquid (HYPE) token treasury under a newly formed entity.

DeFi Planet·2025/07/14 16:05
Rep. Waters claims crypto bills could 'open floodgates' to fraud, slams Trump's ties to industry ahead of Crypto Week
Rep. Waters claims crypto bills could 'open floodgates' to fraud, slams Trump's ties to industry ahead of Crypto Week

Quick Take Democratic Representative Maxine Waters has once more voiced opposition to the GENIUS and Clarity crypto acts, warning they could unleash fraud. This week, the House is set to consider both bills in what’s being called the “Crypto Week.”

The Block·2025/07/14 16:00
Crypto-focused PAC Fairshake amasses $141 million war chest ahead of 2026 elections
Crypto-focused PAC Fairshake amasses $141 million war chest ahead of 2026 elections

Quick Take Fairshake said it has raised $109 million since the elections in November and $52 million during the first half of this year, in a statement released on Tuesday. Fairshake played a pivotal role during the election season last year as it spent millions backing pro-crypto candidates.

The Block·2025/07/14 16:00
Fidelity subsidiary becomes largest shareholder of bitcoin treasury firm Metaplanet
Fidelity subsidiary becomes largest shareholder of bitcoin treasury firm Metaplanet

Quick Take Fidelity’s custody arm, National Financial Services, now owns 12.9% of Metaplanet after acquiring 84.4 million shares worth about $820 million, making it the Tokyo firm’s largest shareholder. The stake may strengthen Metaplanet’s push to mirror Strategy, as it pursues a goal of holding 1% of bitcoin’s supply.

The Block·2025/07/14 16:00
No Euphoria in Bitcoin Markets but Warning Signs Are Starting to Appear (Analyst)
No Euphoria in Bitcoin Markets but Warning Signs Are Starting to Appear (Analyst)

Big wallets are moving old BTC into Binance, suggesting the market may be bracing for a correction or leveraged shake-up.

Cryptopotato·2025/07/14 16:00
Flash
23:17
Long-term bitcoin holders control 78% of the circulating supply
Odaily reports, according to Bitcoin News monitoring, long-term Bitcoin holders currently control 78% of its circulating supply.
23:14
Paradis Labs: Agility plans to go public via CCXI SPAC in the fourth quarter, with private financing of approximately $640 million
Odaily reports that Paradis Labs posted on X platform, stating that Agility plans to go public via CCXI SPAC around the fourth quarter, with the ticker symbol changing to AGLT. Its private fundraising reached about $640 million, with backers including AMZN, NVDA, SoftBank, DCVC, and others. Approximately 100 Digit humanoid robots have been deployed across 9 facilities including AMZN, GXO, Schaeffler, Toyota, and MELI; among Schaeffler’s 8 deployments and GXO’s 3 pre-booked deployments, the accuracy rate is around 98%. Agility states that the payback period for a Digit humanoid robot is about 1.1 years. Orders for Digit v5 have surpassed $300 million, with this version set to be released in 2026; the pipeline includes more than 30 clients. Agility is the first company to adopt NVDA Halos for full-stack robot security. Its RoboFab in Oregon has an annual production capacity exceeding 10 thousand units, with about 75% of parts sourced from the United States. As annual production rises above 10 thousand units, bill of materials costs will drop from $125 thousand to about $15–20 thousand. Paradis Labs stated that, combining technology and commercialization, Agility is making the most progress among Western humanoid robot OEMs; there are disputes regarding Figure’s deployment at BMW, TSLA has not yet sold any units externally, Apptronik currently has no deployments, and Boston Dynamics has robot products but its listing progress is slow, with no clients expected before at least 2027.
23:11
Iraq approves strategic oil export pipeline study agreement, seeking to bypass the Strait of Hormuz
1. The Iraqi cabinet has approved Basra Oil Company to sign an "Agreement Framework" and a confidentiality agreement with a consortium consisting of US Capital TI, Chevron, and Qatar's UCC Energy to study a strategic oil export pipeline project. This move aims to open up an alternative route for Iraqi crude oil exports that bypasses the Strait of Hormuz.2. The consortium will prepare technical and financial feasibility study reports, comparing two proposed routes: one is the "Basra-Haditha-Kirkuk-Ceyhan" line, leading to Turkey's Mediterranean export terminal; the other is the "Basra-Haditha-Baniyas" line, ending at Syria's Mediterranean port. Both routes start from Basra in southern Iraq and diverge northwards after passing through the western Haditha region.3. The cabinet made it clear that these agreements will not impose any final financial or contractual obligations on the Iraqi Ministry of Oil. In addition, the cabinet has authorized Basra Oil Company to sign a consultancy services contract with US firm KBR for the "Basra-Haditha" oil pipeline project.4. Currently, most of Iraq's crude oil exports rely on the Strait of Hormuz. As OPEC's second-largest oil producer, Iraq is expected to export an average of about 3.3 million barrels of oil per day in 2025, with the vast majority transported through this strait. Establishing alternative export routes will significantly reduce the risk premium embedded in Brent crude prices due to geopolitical risks.5. This approval comes as the Iraqi Prime Minister plans to visit Washington in July, with Baghdad seeking to expand US energy investment in Iraq. The feasibility study is expected to take several months to complete, and the timetable for a final investment decision has not yet been disclosed.
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