🔸 Bitcoin edges lower as uncertainty over a U.S.–Iran peace deal weighs on markets. 🔸 Donald Trump remains skeptical of Iran’s proposal to halt attacks in the Strait of Hormuz in exchange for ending the war. 🔸 Sentiment has improved since February lows near $60,000, but momentum is fading near $80,000. 🔸 Bitcoin slips 0.7% to $76,335. $BTC $ETH
Former Bitcoin Miner Firmus Raises $2 Billion as Nvidia Backs Its AI Infrastructure Pivot
Reuters reported that Firmus, an AI infrastructure company that previously operated as a Bitcoin miner, has raised $2 billion in equity funding at a post-money valuation of more than $10.5 billion. Nvidia and Coatue Management participated again in the round, while Blackstone-managed funds and Jane Street joined as new investors. The funding will accelerate Firmus’ AI factory buildout in Australia and support further expansion across Asia. $BTC
Optimism Projects 343M $OP to Enter Circulation Over the Next Year
Optimism Foundation released its annual budget update and outlook, projecting that approximately 343 million OP will enter circulation during Year 5 (May 2026–April 2027). The projected increase includes 200 million OP from the Ecosystem Fund, 47.6 million OP for Early Core Contributors, and 15.3 million OP for investors, with circulating supply expected to reach 2.504 billion OP, or 58.3% of the total supply. The Foundation emphasized that the tokens come from the original allocation framework and that no new token allocation has been requested.
Binance Sues Largest Crypto Card Company RedotPay, Alleges User Diversion and Seeks $472.8 Million
According to Bloomberg, Binance-affiliated entities Nest Trading, DistributedTechnologies and Chaintecs Consulting Singapore filed a lawsuit in Hong Kong against RedotPay co-founders Gao Zhangpeng, Chan Wa Choi and Yao Chao.
The lawsuit alleges that they breached an agreement by diverting more than 470,000 Binance users to RedotPay, causing $472.8 million in losses. RedotPay denied the allegations and said it would defend itself through the appropriate legal process. Chaintecs has also filed a lawsuit against RedotPay affiliates in Singapore, with a hearing scheduled for Friday. $BNB
Trump Media Transfers Another 2,628 $BTC , Estimated Cumulative #Losses Reach $555 Million🚨
🚨addresses linked to Trump Media (#NASDAQ : DJT) transferred 2,628 BTC, worth approximately $165 million, to Crypto com. The company was previously estimated to have acquired 11,542 BTC at an average price of about $118,500. Related addresses have transferred out roughly 7,281 BTC this year and currently hold around 4,261 BTC. EmberCN estimates combined realized and unrealized losses at approximately $555 million. Transfers to an exchange do not necessarily indicate a sale.
Google plans to launch four Pixel 11 models: Pixel 11, 11 Pro, 11 Pro XL, and 11 Pro Fold. Screen sizes and resolutions remain similar to the previous generation, but brightness will increase to 3100 nits on the base model and 3600 nits on Pro versions. The foldable model features dual screens with 3600 nits outside and 3500 nits inside.
The Pixel 11 series runs on the new Tensor G6 chip built on a 2nm TSMC process, featuring a seven-core CPU with an ARM C1-Ultra core at 4.11 GHz, PowerVR graphics, Titan M3 security chip, and MediaTek M90 modem. Storage starts at 256 GB, eliminating the 128 GB option and raising the entry price to match last year's 256 GB model. $GOOGL $AAPL.US $NVDA.US
Japan-Listed eole Buys 1,078 $HYPE , Becoming #First 🇯🇵Japanese Listed Company to #Purchase the Token🚨
- Japan-listed eole Inc. (TSE Growth: 2334) purchased 1,078.2547 HYPE on July 28 for approximately JPY 10.08 million ($61,600), at an average price of JPY 9,352.78 ($57.10) per token, becoming the first listed company in Japan to purchase HYPE. The company plans to make additional purchases by the end of August, bringing its total investment to JPY 100 million ($610,500), and will hold HYPE as a strategic digital asset under its “Neo Crypto Bank” initiative to support its on-chain finance and Web3 businesses.