Ripple Invests in African Fintech Company Flutterwave

Chairman Tom Lee of Bitmine, the largest Ethereum treasury company, posted a statement saying that given South Korean policymakers have begun showing "panic", South Korea's stock market may be in the final stage of bottoming out. He cited the view of David Tepper, founder of Appaloosa and a well-known fund manager, stating: "When policymakers start panicking, the market stops panicking."

FTX creditor representative Sunil announced in a post that FTX’s creditor distributions have been deposited into creditors’ accounts. Earlier reports noted FTX will launch its fifth round of creditor compensation on July 31, with plans to disburse roughly $900 million to creditors in the "Convenience" and "Non-Convenience" categories under the firm’s restructuring plan. With this round of distributions, the FTX Recovery Trust’s total compensation disbursements since FTX filed for bankruptcy in November 2022 will reach approximately $10 billion.

OpenAI stated in a post that the value of AI infrastructure lies not in scale itself, but in delivering more powerful intelligence to more users at lower cost. The company is building a full ecosystem spanning infrastructure, models, platforms, and products, driving adoption growth via more powerful models, then using revenue, real-world feedback, and demand data to support next-generation research and infrastructure investments. OpenAI yesterday cut prices for GPT-5.6 Luna by 80%, bringing its input and output costs to $0.20 and $1.20 per million tokens respectively; GPT-5.6 Terra saw a 20% price reduction, with costs set at $2 and $12 per million tokens for input and output respectively. GPT-5.6 Sol’s Fast mode boosts processing speed by up to 2.5 times while maintaining the same intelligence level, priced at twice the cost of its standard mode. The company noted that GPT-5.6 Sol has helped optimize model production service software, reducing end-to-end service costs by 20% and boosting speculative decoding efficiency by over 15%. Currently, OpenAI’s models serve over 1 billion active users and more than 2 million enterprises. Its goal is not merely to build more computing power or larger models, but to deploy appropriate capacity based on credible demand, making useful intelligence more powerful, more affordable, and accessible to a broader user base.

According to MLM monitoring, since unlocks for the HYPE team’s tokens launched in December 2025, 4.93 million HYPE tokens have been allocated to team members. At current prices, this allocation is worth roughly $270 million, representing 0.493% of the total token supply. Of these tokens, 1.19 million have been sold on public markets, netting $32.5 million in proceeds; another 3.14 million HYPE tokens were transferred to over-the-counter (OTC) trading platforms, valued at approximately $132 million at the time of transfer. In total, around 4.33 million HYPE tokens have been sold for about $165 million, translating to an average monthly sell volume of 540,000 HYPE tokens worth roughly $20.6 million. Over the same period, the aid fund has cumulatively repurchased 9.8 million HYPE tokens for a total of $364 million, averaging 1.23 million HYPE tokens repurchased monthly at a value of around $46 million. This repurchase pace is more than twice the sell rate of current and former team members.

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.