KLEA Crypto Daily: Thursday, July 31, 2025

Published: August 1, 2025 – 00:03 UTC

Here’s a look back at the key stories from July 31, 2025.

New Algorand Roadmap Aims to Shift Power to Users

The Algorand Foundation has unveiled a new roadmap, focusing on revitalizing its ecosystem and increasing blockchain adoption in everyday life. The 2025+ roadmap includes plans to create digital infrastructure that aligns with real-world economic needs, emphasizing self-sovereign digital identity and tokenization for wealth accumulation.

Short-term Lender Mill City Acquires 76.3 Million SUI Tokens

Following a $450 million private placement, short-term lender Mill City has purchased 76.3 million SUI tokens. This move comes as part of the company's treasury strategy, expanding its holdings in the digital asset space.

REX Shares’ Solana ETF to Payout Over $600k in First Staking-Based Dividend

REX Shares announced that its REX-Osprey SOL + Staking ETF (SSK) will distribute $0.12169 per share on Aug. 1, totaling approximately $618,000, marking the first US-listed ETF to distribute crypto staking rewards to shareholders.

Record Quarter: Strategy Earns $10B, Files $4.2B Offering to Buy More Bitcoin

Strategy Incorporated reported a record second-quarter net income of $10 billion and filed for a $4.2 billion offering of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), driven by gains on its substantial bitcoin holdings.

IMF, Global Regulators Recognize Bitcoin in Wealth Assessment Standards

Global economic standards have been updated to formally recognize Bitcoin and other crypto assets in national wealth statistics. The new System of National Accounts classifies eligible crypto assets as “non-produced nonfinancial assets,” reflecting their growing role in financial systems and public sector portfolios.

Bitcoin Consolidates After FOMC Meeting: Altcoins May Underperform

Bitcoin continues to consolidate its dominance as analysts predict altcoins may start underperforming by Q4. The Federal Reserve's hawkish stance in its latest FOMC meeting, holding rates steady and committing to quantitative tightening, is seen as a key headwind for altcoins.

HTX Unveils 2025 Mid-Year Performance and Strategic Roadmap

HTX, a leading global crypto exchange, showcased resilient growth in user base and trading volume in the first half of 2025. The livestreamed strategy session highlighted key initiatives for the second half, focusing on user empowerment and ecosystem growth.

Grayscale Launches Story Trust to Offer Exposure to IP Token

Grayscale introduced Story Trust to provide exposure to an IP token, enhancing its offerings in the digital asset space. This move aims to expand investment opportunities and diversify Grayscale's portfolio.

Wall Street Predicts Microsoft’s Stock Trajectory for the Next Year

Wall Street experts are optimistic about Microsoft's (NASDAQ: MSFT) future, projecting a 9% increase in stock price over the next 12 months. Factors contributing to this positive outlook include strong profitability, innovative AI developments, and growth in the Azure cloud platform.

Bitcoin Whales Bought 1% of Circulating BTC Supply in Past 4 Months

Bitcoin whales have accumulated nearly 1% of the circulating BTC supply in recent months, diversifying into other crypto assets amidst mixed market signals. This significant accumulation by whales indicates ongoing interest and investment in the cryptocurrency market.

10 Years of Ethereum: Pepeto Raises $5.77M in Presale

Pepeto, a unique meme coin, has raised over $5.77 million in its presale stage, attracting a community of over 100,000 supporters. Different from traditional meme coins, Pepeto is building an ecosystem with features like PepetoSwap and a cross-chain bridge for blockchain interoperability.

The Ether Machine Becomes Third Largest Ethereum Holder

A newly formed company, The Ether Machine, has acquired $56.9 million worth of ETH, surpassing the Ethereum Foundation in ETH holdings. This shift highlights the increasing diversification of Ethereum ownership among different entities.

Kraken Plans to Raise $500 Million at $15 Billion Valuation Ahead of Potential IPO

Crypto exchange Kraken is reportedly preparing to raise $500 million at a $15 billion valuation as it gears up for a potential initial public offering (IPO) in early 2026. With a daily trading volume of around $1.25 billion, Kraken aims to solidify its valuation and maintain momentum after recent legal victories.

Indian crypto exchange CoinDCX’s $44M breach linked to employee manipulation, social engineering

The recent $44 million security breach at Indian crypto exchange CoinDCX has been linked to a targeted social engineering attack, according to CEO Sumit Gupta. Initial findings suggest the exploit may have involved manipulation tactics to gain unauthorized internal access, possibly through employee involvement.

Bitget Adds IKAUSDT to Futures Trading with Leverage Up to 20x and Bot Integration

Bitget has launched IKAUSDT perpetual futures with up to 20x leverage and full bot integration, aiming to enhance trading efficiency for both institutional and retail traders. The contract allows for 24/7 trading with flexible strategies and is settled in USDT.

AI Boom Prices Out Bitcoin Miners in US Energy Market Shake-Up

The growth of U.S. Bitcoin hashrate has stalled as AI firms compete for energy deals once used for crypto mining. This shift highlights the changing landscape of the energy market and its impact on Bitcoin mining operations.

Ethereum Turns 10: Experts Say ETH Could Hit $40,000 in Next Decade as Network Matures

A decade after its launch, Ethereum has become the backbone of DeFi and Web3.

Bolivia and El Salvador Forge Landmark Crypto Alliance Amid Currency Crisis

The Central Bank of Bolivia and El Salvador’s National Commission of Digital Assets have signed a sweeping Memorandum of Understanding, marking a pivotal shift in Bolivia’s stance on cryptocurrency. This collaboration aims to develop a comprehensive crypto regulatory framework and financial inclusion strategies.

Source: KLEA News