Odaily News MemeStrategy, a Hong Kong-listed technology investment company, announced that it has included Solana in its balance sheet and will participate in its staking ecosystem in the long term to support network security and obtain returns. According to the announcement, MemeStrategy has purchased 2,440 SOLs through OSL Group, a licensed crypto asset platform, for approximately HK$2.9 million (approximately US$368,800), with an average transaction price of approximately US$151.7. Stimulated by this news, MemeStrategy (2440.HK) shares closed up 28.5% at HK$2.57 on the Hong Kong Stock Exchange on Monday, and further rose to HK$2.70 in early trading on Tuesday, with a latest market value of HK$653 million (approximately US$83.1 million). MemeStrategy said that the investment is highly consistent with its long-term strategy in areas such as AI, blockchain, and verification technology, and will increase Solana's ecological expansion and deeply participate in Web3 infrastructure construction. The board believes that Solana has strong potential in real-world asset tokenization and AI-driven solutions. In addition, Bloomberg cited the views of Cantor Fitzgerald analysts, pointing out that Solana's high-speed, low-cost network is very suitable for tokenized securities. Combined with the pledge mechanism, Solana Finance Company is expected to achieve faster growth in assets per share than BTC Finance Company. According to Bloomberg data, since April 16, Solana Finance Company Upexi and DeFi Development Corp have risen by 306% and 207% respectively, far exceeding the 19% increase of SOL in the same period; Sol Strategies has also risen by 33%. (Cointelegraph)

Odaily News According to The Data Nerd, 2 hours ago, the Matrixport-related address transferred 12,323 ETH to the Binance exchange, worth about 31.8 million US dollars.

Odaily News Infini Lianchuang (@0xsexybanana) posted on the X platform: 1. Infini will no longer do to C card business. The reason is that the compliance cost is extremely high, the profit is extremely thin, and the operation is extremely heavy. (Oh, I forgot that it is easy to be laughed at by others for the bottom of the industry) We have made strategic adjustments and removed the to C card business. At present, the to C card business occupies 99% of the time and cost, and contributes 0 income. 2. Financial management, deposit and withdrawal are normal. Financial management and asset management business have become the focus. The financial management Yu'ebao function is stable at about 5% apr. 3. The current path of crypto card is still offramp ut and uc and then realize the payment path from stable to fiat through the traditional payment network. It is too tortuous, too long, and too expensive. Without subsidies, it is difficult to match the rate and cashback of web2. And I have always said before that u card is not the final solution for web3 pay with stablecoin. It is a bit like apple nano was finally replaced by iphone. 4. The company has not changed, the team has not changed, and the brand has not changed. I have been following the old U-card path for a year like Teacher Yishi, and I found that it is still not worth doing. When I first started infini in July last year, I learned a lot from Teacher Yishi, but after a year, the conclusions are the same. I feel very emotional. 5. At present, infini is a centralized product. We will fully embrace decentralization in the future. Think about embracing decentralized payment solutions. We will definitely not follow the old centralized path.

Odaily News Infini released a statement in the Telegram group, announcing today that it will officially stop its Infini Card service, including Global Card, Lite Card and Tech Card, which will be suspended from use and new applications from now on. Although the card service is terminated, core functions such as top-up, withdrawal and Earn income will remain normal, and user assets will remain safe and controllable. In order to properly deal with this adjustment, Infini will automatically refund the actual card opening fee paid (excluding the discount portion) to the account balance for all affected users, which is expected to arrive within 10 working days without additional operations. Regarding refund processing: In-transit refunds will be returned to the Infini account within 5-21 working days; For refunds that have not been received for more than 21 days and the relevant forms have been submitted, Infini will continue to follow up and return them to the account balance as soon as possible. Infini said that if users have questions or need to know more about the progress, they can contact the team through the customer service in the App or join the official Telegram community.

Odaily News According to official news, Yuta Logistics Technology Group plans to issue a digital token, "RBTC", which the company expects to be fully supported by 100% of Bitcoin reserves and 1:1 anchored to Bitcoin. Customers can exchange "RBTC" with Hong Kong dollars or US dollars, and can pay storage rent, value-added service fees, warehousing as a service (WaaS) and related service fees at a discount in all smart warehouses under Yuta Logistics Technology Group, further promoting the digitalization, intelligence and transparency of warehousing payment processes, and promoting the upgrading of smart logistics. With the passage of the Stablecoin Bill in Hong Kong, Yuta Logistics Technology Group is studying the relevant regulatory details and plans to apply for a Hong Kong stablecoin issuance license after the regulations come into effect (August 1) to launch the stablecoin "RHKD". RHKD will be mainly used for payment and settlement in cross-border e-commerce, logistics and supply chain.

Odaily News According to Coinbase official news, Coinbase One launched a new "Basic" subscription level, with a monthly fee of $4.99 or an annual fee of $49.99, which is officially available today. Annual paying users will be able to apply for a Coinbase One Card credit card this fall, and can get up to 4% Bitcoin back on their purchases. The card is supported by the American Express network and is open to US users. The Basic subscription also includes $500 in free transactions per month, 4.5% annualized USDC returns, and crypto asset account security.