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7/23
19:17
Svmuu News: On Monday, the São Paulo Consumer Protection Office filed a lawsuit against Tools for Humanity, the company behind “World,” and its hosting service provider, Amazon AWS, alleging misconduct in the collection of consumer biometric data in São Paulo.
The lawsuit estimates that more than 400,000 people participated in World’s promotional campaign in São Paulo and demands the preservation of all data and metadata related to the data collection, as well as a suspension of any payments or benefits related to biometric data collection pending the completion of an assessment.
The lawsuit seeks a ruling that the activities in question constitute abuse and demands payment of 240 million reais—approximately $47 million—to compensate consumers for their individual losses. Prosecutors allege that World continued to distribute crypto rewards through in-app transactions even after the National Data Protection Agency ordered it to cease operations in February 2025.
A report by the Iris Parliamentary Inquiry Committee stated that World focused its promotional efforts on outlying and high-traffic areas to entice people facing socioeconomic challenges to submit biometric data in exchange for crypto rewards. Prosecutors also stated that consumers were not informed of the program’s economic objectives or the risks associated with the processing and storage of their data via AWS servers.
19:03
Svmuu News: The cryptocurrency exchange Gemini donated approximately $10 million worth of Bitcoin to MAGA Inc., a super PAC supporting U.S. President Donald Trump.According to a report filed with the Federal Election Commission (FEC), Gemini co-founders Cameron Winklevoss and Tyler Winklevoss made the donation in two separate installments on June 19, each worth more than $5 million.
The donation came about three weeks after the CFTC and Gemini jointly filed a motion with the U.S. District Court for the Southern District of New York seeking to rescind the $5 million settlement agreement reached between the two parties in January 2025. That settlement stemmed from the CFTC’s prior allegations that Gemini had made false or misleading statements.MAGA Inc. may use these funds to support Donald Trump’s independent political expenditures.
Previously, the Winklevoss brothers each donated $1 million to Donald Trump’s 2024 campaign and $21 million to the Digital Freedom Fund PAC Bitcoin to support the cryptocurrency policy direction of a Donald Trump administration.Currently, the court has not yet ruled on the CFTC’s and Gemini’s motions to rescind the settlement. Meanwhile, CFTC Chairman Michael Selig remains the agency’s sole commissioner. As of June 30, MAGA Inc. reported having received more than $397 million in funds.
18:57
Svmuu News: The Office of the United States Trade Representative (USTR) issued an announcement on the 23rd (local time), stating that pursuant to Section 301 of the Trade Act of 1974,it would impose tariffs ranging from 10% to 12.5% on dozens of countries and regions under the pretext of so-called “forced labor,” replacing the soon-to-expire global import tariffs. The new tariffs will take effect on the 24th Eastern Time (12:00 p.m. Beijing Time on the 24th).The USTR stated that as the 10% global tariff is set to expire, additional tariffs will be imposed on 60 economies, covering more than 99% of U.S. trade volume.Senior U.S. officials indicated that the tariff measures affecting in-transit goods will take effect at 12:01 a.m. Eastern Time on July 28 (12:01 p.m. Beijing Time on July 28).Imported goods such as fuel, food, and fertilizer will be exempt from the new tariffs; products subject to separate, industry-specific tariffs (such as automobiles, metals, and pharmaceuticals) are also excluded. In addition, goods covered by the United States-Mexico-Canada Agreement (USMCA) will also be exempt.U.S. officials noted that the new tariffs will not be imposed in addition to existing tariffs on steel and aluminum imports—namely, the “Section 232” tariffs implemented last year by Donald Trump on national security grounds. (Jin Shi)
18:57
Svmuu News: According to sources familiar with the matter, Stripe is in talks to acquire OpenRouter. OpenRouter is a high-profile startup dedicated to helping developers choose among various AI models. The sources said the deal could be announced soon, though there is a possibility that negotiations could break down or that other bidders could emerge. The specific asking price remains unclear, but reports suggest the company’s valuation could be around $10 billion. The sources added that several major tech companies had previously expressed interest in acquiring OpenRouter. Founded in 2023, OpenRouter sells software that gives customers easy access to AI models developed by OpenAI and Anthropic, as well as “open-weight” models that anyone can download and run for free. Acquiring OpenRouter would enable Stripe to tap into a hot growth area in the AI market. (Jin Shi)
17:28
Svmuu News: Bloomberg ETF analyst Eric Balchunas posted on X that HedgeEye has entered the prediction market ETF race by launching Democratic and Republican prediction ETFs. Each ETF will continuously track the electoral performance of each party in U.S. federal elections.
17:13
Svmuu News: BitcoinTreasuries.NET posted on X that Mirae Asset Global Investments, which manages $845 billion in assets, disclosed that it had increased its holding of Bitcoin Treasury Strategy shares by 25,573 shares, valued at $2.42 million.bringing its total holdings to 135,951 shares, valued at $12.87 million. It is South Korea’s second-largest asset management firm.
16:33
Svmuu News: Bitcoin News posted on X stating that mandatory BIP-110 signal transmission will begin around August 8. You can track the differences between the old chain and the BIP-110 chain using the dashboard below.
16:16
Svmuu News Nasdaq Zhibao Technology, a publicly listed digital insurance products company, announced that it has signed a non-binding term sheet with Joyertech and Information OPC to sell shares through a PIPE financing and receive approximately 3,500 Bitcoin as consideration, valued at approximately $220 million at current prices.
The transaction remains subject to a final valuation, escrow arrangements, audit verification, regulatory review, compliance with Nasdaq, and the signing of a definitive agreement. The term sheet indicates that upon closing of the PIPE financing, the buyer is expected to appoint a majority of Zhibao’s board members, while the existing management team will continue to oversee day-to-day operations.
Zhibao disclosed on July 15 that it had received a deficiency notice from the Nasdaq because its stock price fell below $1 per share. The company has 180 calendar days to regain compliance with the Nasdaq minimum bid price requirement of $1 per share, with the deadline set for January 6, 2027.
16:06
Svmuu News: According to OKX market data, BTC has broken through 65,000 USDT and is currently trading at 65,005.6 USDT, with the 24-hour decline narrowing to 1.26%.
15:43
Svmuu News: Crypto derivatives exchange BitMEX has announced it will shut down, with trading set to end on September 23. BitMEX was founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed; the decision was made after its parent company, HDR Global Trading, completed a strategic review.
BitMEX played a pivotal role in establishing perpetual contracts as a key product in digital asset derivatives trading. Data from CryptoQuant shows that its Bitcoin futures daily trading volume began to decline around May 2021 and has not recovered to the daily peak range of $1 billion to $5 billion seen in 2020.
Restructuring advisor Roshan Dharia noted that mid-sized centralized exchanges face structural pressures, with liquidity continuing to concentrate on large platforms and compliance costs rising. He stated that the top five platforms currently account for an estimated 80% of global spot trading volume, while mid-sized and regional exchanges are seeing shrinking profit margins and lack a path to scale.
According to CoinGecko data, BitMEX ranked ninth among derivatives exchanges in August 2023, with a trading volume share of 0.9%.By 2025, it had dropped out of the top ten perpetual futures exchanges, while the annual perpetual futures trading volume for these platforms grew by 47.4% during the same period, reaching 86.2 trillion U.S. dollars.
15:30
Svmuu News: Moonpay, a crypto payment infrastructure company, has added support for Discover Network payments, allowing Discover Network cardholders to buy and sell cryptocurrency through the Moonpay platform. Discover Network has become the third major card brand supported by Moonpay in the U.S., joining Visa and Mastercard.
Moonpay stated that this support is now available across its more than 500 business partners, including wallets, exchanges, and apps. Moonpay also supports Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and regional payment channels.
Founded in 2019, Moonpay serves over 30 million customers across 180 countries and holds a New York State BitLicense, a New York State Limited Purpose Trust License, multi-state money transmission licenses in the U.S., and an EU MiCA authorization.
15:08
Svmuu News: According to Onchain Lens, two wallets belonging to the same entity unstaked 2.92 million HYPE tokens—worth approximately $170 million—after staking them for eight months. Currently, both wallets hold 0 HYPE tokens in the staking contract.
14:09
Svmuu News: Onchain Lens posted on X that Hyperliquid earned $1.19 million in fee revenue today and burned 17,600 HYPE tokens, worth $1.03 million.
13:57
Svmuu News: Onchain Lens posted on X stating that Robinhood CEO Vlad Tenev’s X account had been hacked.
13:41
Svmuu News: According to Onchain Lens, a Hyperliquid trader closed a 30-day BTC long position worth $21.59 million, realizing a profit of $499,100. The wallet currently has no active perpetual contract positions and holds 106.13 BTC in spot holdings, valued at approximately $6.88 million. Its profit from this trade was $499,100, with a total historical profit of $3.88 million and a win rate of 57%.
12:57
Svmuu News Coinbase has streamlined the native AI Agent payment acceptance process in Coinbase Business, enabling enterprise customers to now accept payments from AI Agents.
Coinbase is also providing a new trading view for exchange users in Coinbase for Agents, and is launching the Coinbase Developer Platform x402 SDK packaging infrastructure for developers.
12:41
Svmuu News: According to market reports, AMD expects the AI accelerator market to reach $1.4 trillion by 2030.
12:16
Svmuu News: According to GMGN data, a "smart money" address (AuvtNJMmzL9nhqGphC5ZLbur7s6wjtrVQRNY9noXWoFJ) purchased Jimothy at approximately $755; the current value of its holdings is about $447,000, with a cumulative unrealized gain of over $446,000 and a return on investment of approximately 596 times. To date, the address has sold only a small amount worth about $2,090 and still holds 12.79 million Jimothy tokens, accounting for approximately 1.27% of the total supply.
Svmuu reminds users that meme coin prices are highly volatile, and investors should exercise caution.
12:05
Svmuu News: Over the past two days, one or more Revolut users have been sending over $5,000 worth of Bitcoin to Satoshi Nakamoto’s address.
11:55
Svmuu News: xAI announces the release of GROK 4.5 on iOS, Android, the web, and X.

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