Nature's Miracle has announced a $20 million XRP Treasury Reserve Plan
On July 23rd, the vertical farming technology company Nature's Miracle Holding Inc. (OTCQB: NMHI) (hereinafter referred to as "Nature's Miracle" or the "Company") announced today that the Company will establish a corporate-level XRP treasury plan with a maximum amount of $20 million. This plan will be supported by equity financing from GHS Investments based on the previously effective S-1 registration statement announced by the U.S. Securities and Exchange Commission (SEC), and will be used to purchase XRP and meet operational funding requirements.
This strategic move makes Nature's Miracle one of the first listed companies to adopt XRP as a core treasury strategy. The plan will focus on the following directions:
- Long-term strategic XRP reserves;
- Deployment of staking mechanisms to earn rewards;
- Deep involvement in the Ripple ecosystem.
To support this plan, Nature's Miracle will initially use a portion of the equity financing funds that may be obtained through the S-1 registra
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CoinUp.io's public blockchain CPChain is officially live
On July 23rd, CoinUp.io made an announcement that its underlying public chain, CPChain, has officially been launched. This not only signifies a new chapter within the CoinUp ecosystem but also takes a firm stride towards a decentralized future.
CPChain will offer a fast, secure, and low-cost on-chain experience to global users, enabling countless innovative scenarios and applications. As the core asset of the platform, the CP token will serve as a key driving force for the cross-chain ecosystem, unlocking more rights and value.
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Analysis: Ethereum Surge Driven by Skyrocketing Structural Demand
July 23rd. Matt Hougan, the Chief Investment Officer of Bitwise, stated in an internal memo on July 22nd that Ethereum is currently facing a "demand shock." Since May 15th, ETFs and newly established corporate treasuries have purchased approximately 2.83 million ETH, with a total value of around $10 billion—32 times the output of the Ethereum network during this period. This supply-demand gap is likely to continue to widen.
Hougan said that Ethereum has increased by more than 65% in the past month and more than 160% since April. He believes that this growth is mainly driven by a supply-demand imbalance rather than a change in market sentiment. Hougan compared this situation to the Bitcoin market in 2024. Since the launch of the US spot Bitcoin ETF in January 2024, Wall Street funds, publicly traded companies (such as Strategy and Trump Media), and even some national governments have collectively purchased more than 1.5 million BTC, while only about 300,000 BTC were mined during the sa
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Binance Wallet Introduces BTR (Bitlayer) Exclusive Acceleration Plan and Pre-TGE Event
On July 23rd, Binance Wallet announced the launch of the exclusive Acceleration Plan and Pre-TGE event for BTR (Bitlayer):
Acceleration Plan: Complete phased tasks and obtain support during the early stages of the project's development to share a 30,000,000 BTR airdrop.
Pre-TGE: Eligible users can participate in the subscription of the Bitlayer token BTR before it is open for trading.
Details of Bitlayer Pre-TGE Subscription:
Token Name: BTR (Bitlayer)
Chain: BNB
Total Fundraising Amount: $400,000 (in BNB)
Total Token Supply: 20,000,000 BTR (2% of the total supply)
Accepted Token: BNB
Price per Token: 0.02 USD equivalent in BNB
Subscription Cap per Binance Wallet user: 3 BNB
Participant Eligibility: To be eligible, participants must have a sufficient amount of Binance Alpha Points based on the eligibility criteria of this event.
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