Digital Assets Report Incoming; Ethereum Exit Queue Surges

️ On today's Top Picks:

Crypto News

• ⭐️ The President’s Working Group on Digital Assets to release first policy report on July 30th; led by David Sacks, Bo Hines, and developed with the Treasury, Commerce Department, SEC, CFTC, & others.

• ⭐️ Ethereum $ETH validator exit queue reaches ~650K ETH (~$2.3B); highest since January 2024; entry queue currently at ~315K ETH (~$1.1B).

• Solana $SOL to raise block capacity to 100M CUs under SIMD-0286; a 66% increase from 60M CUs.

• Binance $BNB reaches new all-time high of ~$800.

• Hyperliquid $HYPE open interest reaches new all-time high of ~$14.7B.

• Telegram $TON Wallet launches in the US market; also launches additional features in other eligible countries.

• US SEC approves & pauses Bitwise 10 Crypto Index ETF; Bitwise actively evaluating the SEC's move to pause.

• US FBI ends investigation into Kraken founder Jesse Powell; Powell was under investigation for allegedly hacking a non-profit.

• ⭐️ Polymarket reportedly considering launching its own stablecoin; also considering a revenue-sharing deal with Circle $CRCL instead.

Alpha

• Ethereum $ETH to launch commemorative 10 Years of Ethereum NFT on July 30th; everyone is eligible to mint.

• Aztec enters Adversarial Testnet phase; introduces slashing & decentralized governance.

• Fogo launches Public Testnet; Fogo is an SVM chain running the Firedancer client; Mainnet expected in Q3 2025.

• Camp partners with Minto, one of Japan’s largest IPs, to bring Mimi & Neko onchain; remix Mimi & Neko for a chance to receive Camp Trailheads NFT allowlist & onchain monetization opportunities.

• YO drops YO Points base multiplier to 2x; users can still boost their YO Points via Euler, Pendle, Fluid, and/or Balancer.

• Farcaster launches Collectibles; casts can now be collected as 1/1s.

• Espresso snapshots The Composables NFT collection; posts, "...Real ones get real rewards," on X; to potentially launch TGE & airdrop soon.

Airdrops

• Airdrops, Checkers, & Points by Olimpio.

• ⭐️ PumpFun Founder says there will be no $PUMP airdrop in the immediate future; PUMP currently trading below its ICO price.

• ⭐️ Sonic launches $S season 1 airdrop claim; 25% claimable today, 75% vested; Sonic season 1 participants are eligible.

• Treehouse launches $TREE airdrop eligibility & allocation checker; Treehouse GoNuts Season 1 participants & Treehouse Squirrel Council NFT holders are eligible.

• ICYMI Airdrops, Checkers, & Points (July 14th) by Olimpio.

• ICYMI Weekly Airdrop Recap (July 5th) by Earndrop.

Finance News

• US & EU reportedly close on trade deal; US to impose 15% tariffs on EU imports.

• US & Japan reach trade deal; Japan to pay 15% tariffs; Japan to also invest $550B in the US.

• Coinbase $COIN partners with PNC Bank $PNC to offer its customers cryptocurrency services; to launch in the coming months.

• MARA $MARA to raise $850M to buy more Bitcoin $BTC; currently holds 49,940 BTC worth ~$5.9B.

• SharpLink Gaming $SBET buys an additional ~79,949 Ethereum $ETH for ~$259M at ~$3,238 per ETH; now holds ~360,807 ETH worth ~$1.3B.

• Upexi $UPXI buys an additional ~83,000 Solana $SOL for ~$16.7M at ~$201 per SOL; now holds ~1.9M SOL worth ~$360M.

• Bitfarms $BITF launches share buyback program; to buy up to 50M shares over 12 months.

• Tesla $TSLA reports Q2 2025 earnings; reports $0.40 EPS, higher than estimated $0.39; reports $22.5B in revenue, lower than estimated $22.7B; still holds 11,509 Bitcoin $BTC worth ~$1.3B.

Security and Exploits

• Brave blocks Windows Recall feature; Brave signals Windows to exclude it from Recall’s screenshot capture logic.

• Proton launches Lumo, a privacy-first AI; features zero-access encryption, no-logs policy, & open-source and auditable.

• ICYMI Microsoft releases SharePoint security updates; patches actively exploited flaw targeting government agencies, banks, & more.

Token Unlocks

• Avail $AVAIL / ~$18M / July 23rd
• Venom $VENOM / ~$12M / July 25th
• AltLayer $ALT / ~$8M / July 25th
Sourced from Tokenomist

Funding

• Poseidon raises $15M in Seed funding led by a16z Crypto.

• Bankr raises an undisclosed amount in funding from Coinbase Ventures.

• StablR raises an undisclosed amount in Strategic funding from Kraken.

The Degen Farmer