Odaily News YZi Labs announced that it will support investment institution 10X Capital to launch a treasury company focused on purchasing BNB, and plans to list it on major US exchanges. The company is named "The BNB Treasury Company" and will be headed by David Namdar, senior partner of 10X Capital and co-founder of Galaxy Digital, as CEO. The project aims to provide US institutions and retail investors with access to BNB. Hans Thomas, founder and CEO of 10X Capital, said that BNB Chain is one of the world's highest-performing and largest digital asset ecosystems, but US investors have limited access to the ecosystem. Ella Zhang, head of YZi Labs, added that expanding institutional access to BNB will have a positive impact on a wider user base. The treasury company is expected to announce the completion of financing in the coming weeks.

Odaily News Nansen CEO Alex Svanevik interacted with ZenAcademy founder Zeneca about the performance of angel investment. He said that in recent years, as an angel investor, he has invested in 58 projects, of which 8 were big winners, 10 have entered the next round but are still waiting for the results, 14 have not yet entered the next round, 7 have been partially refunded (acquired or suffered losses), and 19 have returned to zero. Zeneca's record is that he has invested in 68 projects, of which 3 were big winners, 4 were small winners, 15 were small losses, 8 were big losses, 10 were returned to zero, and 22 are still waiting for the results (but not too much hope).

Odaily News According to Lookonchain monitoring, Abraxas Capital has withdrawn another 29,741 ETH from Binance and Kraken in the past 12 hours, which is worth about US$81 million at current prices.

Odaily News Hester Peirce, a member of the U.S. Securities and Exchange Commission, said in a statement today that tokenized securities are still securities in essence, so market participants must fully consider and strictly comply with federal securities regulations when trading such instruments. Securities tokenization may be implemented by the issuer itself, such as an industrial company or investment company can tokenize its shares; it may also be operated by a custodian that holds securities issued by a third party. Such institutions may issue tokens linked to their custodial securities, or tokenize the "security rights" enjoyed by investors in the custodian. Buyers of such third-party tokens may face special risks such as unique counterparty risks. Issuers of tokenized securities must fulfill the information disclosure obligations required by federal securities laws. When distributing, purchasing and trading tokenized securities, market participants should carefully evaluate the legal attributes of these securities and their corresponding regulatory requirements. When designing tokenized product plans, market participants are advised to actively communicate with the Securities and Exchange Commission and its staff. When technical characteristics do require adjustments to current rules, or regulatory requirements are outdated and invalid, the SEC is willing to work with the industry to develop reasonable exemptions to promote the regulatory framework to keep pace with the times.

Odaily News According to Lookonchain monitoring, a newly created wallet address (0x35fbaD7C85A99938Bf8F7634859Dd0c7D59e48d4) withdrew 25,567 ETH from the Kraken exchange in the past 8 hours, which is worth approximately US$69.9 million at current prices.

Odaily News According to monitoring by Ember (@EmberCN), [the giant whale/institution that has made a profit of $30.45 million through two rounds of ETH band operations] sold 30,000 ETH again from last night to early this morning to complete the transaction through Wintermute. The giant whale bought 132,000 ETH at an average price of $2,540 in the third round from June 11 to June 22, and began to sell at a profit since July 9. So far, a total of 63,592 ETH has been sold in exchange for 170 million USDC, with an average selling price of $2,686, and a profit of $9.28 million has been realized. At present, its address still holds about 70,000 ETH, with a market value of about $193 million, and it is expected that it may continue to take profits in batches in the next few days.