Techub News reports that China Merchants International Asset Management Co., Ltd. has reached a cooperation with Singapore's licensed exchange DigiFT to complete the tokenization of the China Merchants International US Dollar Money Market Fund's real-world assets (RWA) and on-chain distribution, achieving the world's first Hong Kong-Singapore mutual recognition fund on-chain. This token product has been recognized in Hong Kong and Singapore and will provide on-chain sales services to qualified professional investors on the DigiFT platform. The token product spans multiple jurisdictions, realiz

According to Techub News, data from the Circle website indicates that from August 1 to 7 Eastern Time, Circle issued approximately 4.9 billion USDC and redeemed about 4.2 billion USDC, resulting in a net increase in circulating supply of about 800 million. As of August 7, the total circulating supply of USDC is approximately 64.6 billion, with reserves of about 64.7 billion USD.

Techub News reports that the privacy-first Blockchain identification network Humanity Protocol has launched its Mainnet and introduced a system that connects Web2 credentials with Web3 services using zero-knowledge transmission layer security technology (zkTLS). zkTLS allows users to verify credentials such as loyalty status or educational background without revealing underlying documents, thus avoiding biometric data collection.

According to Techub News and Coinglass data, in the past hour, the total liquidation amount across the network was approximately 139 million dollars, with long order liquidations amounting to about 5.13 million dollars and short order liquidations around 134 million dollars, of which Ethereum short order liquidations were about 112 million dollars.

According to Techub News, 8marketcap data shows that the market capitalization of Ethereum has risen to 27th place in the global asset market capitalization ranking, with the current market capitalization of Ethereum at approximately 489.37 billion USD. In addition, Ethereum has once again surpassed 4000 USDT this morning, reaching a new high since December 17, 2024.

According to Techub News and data from ichaingo, this week the net inflow of Ethereum spot ETF in the United States is approximately $327 million, marking 13 consecutive weeks of net inflow.

Techub News reports that the Ethereum-focused fund management company Fundamental Global will be renamed FG Nexus Inc. It has submitted a $5 billion preliminary registration application to the SEC to support its Ethereum accumulation strategy. The document includes an "At-the-Market" (ATM) prospectus covering the issuance, issuance, and sale of $4 billion in common stock, which may be issued and sold from time to time. This registration will provide FG Nexus with financial flexibility to execute opportunistic financing.

According to Techub News, Nate Geraci, president of The ETF Store, tweeted that this year, Ethereum reserve companies and Spot ETFs have purchased approximately $19 billion worth of Ether, with the ETFs investing $7 billion and the companies investing $12 billion.

According to Techub News, citing insiders from Tech in Asia, Periodic Labs, founded by former OpenAI Vice President of Research Liam Fedus and former DeepMind Research Scientist Ekin Dogus Cubuk, has raised $200 million in funding, reaching a post-money valuation of $1 billion. The company focuses on utilizing artificial intelligence technology for new materials research and discovery. This round of financing was led by a16z, and OpenAI is also expected to participate.