Odaily News Trader Eugene posted on his personal TG channel, "My opinion on pump.fun is simple: just forget it. It has been over-analyzed to the point where there is nothing new, and the high market value puts a lot of pressure on its price no matter what price it starts trading at. In fact, there are too many more promising and non-linear opportunities in the market that are far more worthy of attention than it. Don't waste your brain cells on something that everyone is thinking about."

Odaily News Coinbase International announced that it has integrated with the ClearLoop network to open over-the-counter settlement services for institutional clients. This service not only supports institutions to manage crypto collateral, but also settles transactions in near real time without transferring funds to exchanges. It aims to reduce counterparty risk and improve capital efficiency. Currently, the relevant service only supports USDC, but plans to support additional collateral assets in the near future. (Cointelegraph)

Odaily News YZi Labs announced a strategic investment in blockchain infrastructure platform Aspecta. The specific amount has not been disclosed. Aspecta is committed to providing intelligent authentication, price discovery and lifecycle liquidity for illiquid assets such as pre-TGE stocks, locked tokens, private equity, RWA, etc.

Odaily News Stablecoin startup Agora announced the completion of a $50 million Series A financing round led by Paradigm. (Fortune)

Odaily News According to official news, DDC Enterprise Limited and Animoca Brands have signed a non-binding memorandum of understanding to establish a strategic partnership. Animoca Brands will invest US$100 million in DDC to support its Bitcoin treasury. This move will accelerate DDC's Bitcoin accumulation strategy, position Bitcoin as a key component of contemporary corporate financing strategies, and provide a blueprint for listed companies to adopt digital assets.

Odaily News Glassnode published an analysis on the X platform, pointing out that after Bitcoin rose above $112,000, the shorts were punished again, but this time the BTC rise seemed different from the rebound in late June, when the open interest (OI) fell sharply, while the open interest increased in the latest round of rise, and traders are tending to go long.