Xiaohongshu plans to secretly submit its Hong Kong IPO application by the end of this month, with a valuation that once reached $31 billion.

July 31 Update: #Bitcoin ETFs: 1D NetFlow: +3,397 $BTC(+$212.73M)?? 7D NetFlow: -800 $BTC(-$50.09M)?? #Ethereum ETFs: 1D NetFlow: -1,757 $ETH(-$3.27M)?? 7D NetFlow: -38,195 $ETH(-$71.08M)??

Tether released its Q2 2026 financial report. As of June 30, USDT circulation stood at approximately $184.6 billion, up around $446 million from the end of Q1, lifting its stablecoin market share to over 60%. The report was compiled by independent accounting firm BDO. Tether’s Q2 net operating profit hit roughly $1.5 billion, primarily from U.S. Treasury and repurchase (repo) operations. At quarter-end, the company’s total assets were about $187.751 billion, with total liabilities around $183.642 billion; of the liabilities, roughly $183.622 billion was tied to issued digital tokens, resulting in assets exceeding liabilities by approximately $4.11 billion. During the quarter, Tether cut its secured loan exposure by around $2.38 billion, a 15% reduction. It also added 14 tons of physical gold, bringing its total gold holdings to over 146 tons. The stablecoin issuer noted it remains one of the world’s largest U.S. Treasury buyers and holders, with its global user base growing by more than 30 million in Q2. Tether CEO Paolo Ardoino stated that despite significant volatility in gold and Bitcoin markets, USDT remains fully reserve-backed. The company also continued its audit process with the Big Four accounting firms during the same period.

Uniswap announced that its yield product, Earn, is now live on the Uniswap web app and wallet. Users can deposit USDC, USDT, and ETH to earn yields without leaving the Uniswap platform. The product initially supports the Ethereum mainnet; associated funds will be allocated to on-chain lending markets, with interest paid by borrowers continuously converted into user returns. Earn adopts a self-custody model: users only need one signature to complete deposits, and funds remain under their control from deposit to withdrawal, with no lock-up or cooling-off periods, allowing for instant exit. Its underlying vault infrastructure is provided by Morpho, with management handled by Gauntlet. Users can access supported asset pages via the Uniswap web app or wallet, or find Earn through the Explore page, select the deposit amount, and confirm. If users do not hold assets supported by the vault, they can first swap or purchase via fiat currency. Uniswap does not charge fees for Earn, though users will still incur standard network fees.

According to monitoring by Onchain Lens, a trader deposited 3.02 million USDC into Hyperliquid, opening a long position of 13,000 CRCL tokens with 5x leverage, with the position valued at roughly $776,000. The trader’s cumulative historical profit totals approximately $4.59 million.

According to market data from BIT (bit.com), Google (GOOG) rose more than 5% and is currently trading at $351.1.

Thomas Brunner, Head of Custody and Staking at Sygnum Bank, stated that Ethereum’s validator entry queue has grown to around 2.5 million ETH, with new stakers facing an approximate 43-day wait for activation. However, this metric cannot be simply viewed as a bullish signal, as the backlog reflects both institutional demand and protocol mechanics. Brunner noted that the Dencun upgrade cut the daily validator entry quota to roughly 57,600 ETH, while the Pectra upgrade did not raise this cap. Meanwhile, Pectra allows individual validators to hold up to 2048 ETH with automatic compounding. Large operators are adding stakes to existing validators, and even a 1 ETH top-up requires joining the same queue as new stakers. Thus, the current backlog stems in part from reconfigurations and compounding of existing stakes, not entirely from new ETH demand. In contrast, the nearly empty exit queue offers a clearer signal. Brunner said: “Almost no one is unstaking, which reflects genuine confidence; the entry queue measures both demand and infrastructure mechanics.” Currently, around 41.2 million ETH is staked, accounting for 33.8% of the circulating supply. He added that institutions have not halted participation amid ETH price weakness, with many now regarding staking yields as a native attribute of ETH. However, validator addresses, deposit addresses, and withdrawal credentials are all traceable, and privacy remains a major barrier for institutions looking to expand their staking scale.