Bybit announced a strategic partnership with Cactus Custody, a compliant licensed digital asset custody institution under the Matrixport Group. The two parties will launch a new off-exchange settlement solution through the Cactus Oasis platform, aimed at enhancing the asset security and capital efficiency for institutional clients. It is reported that institutional clients can custody their assets in regulated independent accounts, transferring them to the exchange only at the time of settlement, without the need for pre-funding. The solution is equipped with risk control mechanisms, including dual authorization and pre-authorization modes, and strictly adheres to compliance requirements. Cactus Custody holds a TCSP license from the Hong Kong Monetary Authority, and this integration will officially go live on July 28.

Why are Amazon and JPMorgan trying to issue stablecoins?

According to Wu, Onchain Lens has monitored that a giant whale withdrew 2,672 ETH from Kraken, worth 9.87 million dollars. In the past 8 days, this giant whale has withdrawn 12,341 ETH from Kraken, worth 45.6 million dollars.

According to Wu, Arthur Hayes predicted in his latest blog post that the year-end targets are $250,000 for Bitcoin and $10,000 for Ethereum. He stated that the upcoming Ethereum bull market will completely ignite the market, and Maelstrom (his personal family office) is doing everything related to Ethereum, DeFi, and ERC-20 junk coins.

According to Wu, Arkham monitoring has revealed that a whale: 0x87…90D1 transferred 2.351 million SPX to Bybit today at 6:15 UTC+8, worth approximately 4.61 million USD. This whale received these SPX from other addresses one month ago, when they were valued at about 2.44 million USD, now realizing a profit of 2.17 million USD. SPX is an important holding of the well-known Meme KOL Murad.

According to reports, PayPal has announced the launch of its global payment platform, PayPal World, which will first achieve interoperability between PayPal and Venmo, connecting its largest payment system and digital wallet on a single platform. PayPal stated that it will allow users to make payments and transfers globally through local wallets, enhancing the accessibility and convenience of cross-border transactions, while also being compatible with AI agent payments, stablecoins, and new payment technologies. PayPal World is set to launch this fall. The first batch of partners also includes Mercado Pago, NPCI International Payments Limited (UPI), and Tenpay Global.

According to Wu, SEALSQ (NASDAQ: LAES), a company focused on semiconductor development and public key infrastructure, announced plans to establish a cryptocurrency investment fund of approximately $30 million, intending to use the funds to purchase digital assets including BTC, ETH, HBAR, and others. SEALSQ stated that this strategic move is not only a financial investment but also a technological investment, aiming to build a secure, private, and trustworthy machine-to-machine (M2M) autonomous trading system in the face of future quantum computing threats. As of July 15, the company holds over $170 million in cash and cash equivalents.

The Telegram native trading bot EdgeBot launched by EnclaveX now supports the Avalanche ecosystem DEX Blackhole. This integration means that users can now trade spot directly through Telegram on Blackhole, improving on-chain trading efficiency on mobile.

According to Wu, SoSoValue data shows that yesterday (Eastern Time, July 22), the total net inflow of Ethereum spot ETFs was $534 million, marking the third highest in history. The Ethereum spot ETF with the highest single-day net inflow was Blackrock's ETF ETHA, with a net inflow of $426 million in one day. As of now, the total net asset value of Ethereum spot ETFs is $19.849 billion, with an ETF net asset ratio (the market value compared to the total market value of Ethereum) reaching 4.44%. The historical cumulative net inflow has reached $8.319 billion.