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According to China Securities Journal, the global on-chain transaction volume of stablecoins in 2025 is estimated to be around $25 trillion after deduplication and adjustment for inflated figures, but the proportion of transactions with actual payment backgrounds is less than 1%, with the vast majority being "inflated transactions."This statistic covers 36 mainstream stablecoins on 16 major public chains, including Ethereum, Tron, and Solana. Analysis shows that "inflated transactions" are mainly composed of three categories: first, internal fund transfers within institutions, meaning transfers between different wallets or protocols under the same institution; second, on-chain protocol splits and transfers, where the same business is inflated due to multiple internal calls; third, stablecoins used as intermediary currencies for cryptocurrency exchanges, leading to the same funds being counted multiple times.In terms of real payment scenarios, in 2025, 15 leading cryptocurrency payment institutions, including Coinbase, BVNK, Bitpay, and Binance Pay, processed stablecoin transactions totaling $132 billion, while international card organizations like Visa processed approximately $4.5 billion in stablecoin-related transactions. Even when including the use of stablecoins in illegal activities such as money laundering, telecom fraud, and online gambling, the proportion of transactions with actual payment backgrounds remains less than 1%.

CZ posted on the X platform that, compared to all other centralized exchanges, Binance users hold the highest proportion of most stablecoins, including USDT, USDC, USD 1, and U.

According to Forbes, informed sources revealed that the startup Vast, dedicated to building the world's first commercial space station, is negotiating a round of $300 million in financing, which values the company at $2 billion.The source stated that this round of financing will be led by Balerion Space Ventures and noted that negotiations are still ongoing, and the figures may change. So far, the company has primarily been funded by Jed McCaleb. McCaleb is the founder of the crypto companies Ripple and Stellar, from which he earned billions of dollars. He has expressed a willingness to invest up to $1 billion of his personal wealth.Vast plans to launch its first space station prototype "Haven - 1" in 2026 and will begin sending components for its next space station "Haven - 2" in 2028, which is intended to replace NASA's International Space Station.Earlier this March, Ripple co-founder Jed McCaleb shared his space station company's Vast multi-billion dollar space station plans.

CoreWeave has signed an $1.17 billion AI agreement with Vast Data, which is backed by Nvidia. As a result of this news, CoreWeave's stock rose nearly 4% in pre-market trading. According to the agreement, CoreWeave will use Vast as its primary data platform for cloud infrastructure, providing customers with access to graphics processing units (GPUs) for training and running AI models. Vast stated that such contracts typically last three to five years but declined to disclose specific financial terms.

ChainCatcher news, according to Bankless co-founder Ryan Sean Adams, "In this cycle, ETH has proven itself to be a high-quality liquid asset (HQLA), just like U.S. Treasuries, gold, and Bitcoin. This will open up vast opportunities for TradFi capital, pushing ETH to new heights, as ETH is an institutional-grade investment target."

ChainCatcher news, according to EU diplomats, if no trade agreement is reached with the United States and the U.S. imposes a 30% tariff, the vast majority of EU member states will support the use of counter-coercion measures.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas commented on "the SEC is working on establishing universal listing standards for cryptocurrency ETFs," stating, "(This is) reasonable, and it's also the reason we are so optimistic (that the approval rate for most coins is as high as 95%). The question is, what will the standards be? We believe these standards may be lenient enough that the vast majority of the top 50 coins could be ETF-ified."

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that the vast majority of Federal Reserve committee members expect to cut interest rates later this year.It cannot be said that considering a rate cut in July is too early. No meeting (action) can be ruled out, as it will depend on the data.

ChainCatcher news, Bloomberg analysts Eric Balchunas and James Seyffart have raised the probability of the majority of spot crypto ETFs being approved to 90% or higher, believing that the positive interactions from the U.S. SEC are an important signal. However, the specific approval or launch timeline remains uncertain; it could be within the next month or two, or it may have to wait until after October. The timing is not important; what matters is that they will be approved.

ChainCatcher news, according to Cointelegraph, Mt. Gox founder and Ripple co-founder Jed McCaleb recently disclosed the latest progress of his space station company Vast, aiming to push humanity to become a multi-planetary species. In an interview with Bloomberg, he stated that Vast plans to launch its still-under-construction commercial space station Haven-1 into orbit by May 2026 at the latest.If Vast succeeds, it is expected to win a lucrative contract from NASA to replace the International Space Station, which is anticipated to be awarded in mid-2026; if it fails, McCaleb could lose $1 billion, and its business prospects would be impacted. He stated, "Few are willing to take on such high resource investment and risk as I am."Vast is building spacecraft with the help of SpaceX technology, including docking adapters, a Starlink-based space WiFi system, and has booked SpaceX launch missions to transport equipment and astronauts (pending NASA approval). Currently, Vast is competing with companies such as Axiom Space, Voyager Space, Lockheed Martin, and Blue Origin, founded by Bezos, for NASA's next phase contract.

ChainCatcher news, Messari founder Ryan Selkis tweeted, "The problem is I like and respect the MAGA team members I meet, and even some of the sane Democrats I encounter in Washington, D.C. I no longer respect the vast majority of people in the crypto space, and it's hard to go back. My judgment is often correct, and the decline is obvious."

ChainCatcher news, according to Jinshi reports, Buffett published his annual shareholder letter, in which he mentioned that the value of tradable stocks held last year decreased from $354 billion to $272 billion, but the value of non-listed equity holdings increased and remains far above the value of the tradable stock portfolio. We will always invest the vast majority of their funds in stocks—mainly U.S. stocks, although many of these companies have significant international operations. Berkshire will never be more inclined to hold cash equivalents and give up holding equity in quality businesses, whether controlling or partial stakes.In 2024, Berkshire's performance exceeded expectations, despite 53% of its 189 operating companies reporting a decline in earnings. Due to the increase in U.S. Treasury yields, there was a significant increase in holdings of these highly liquid short-term securities, resulting in a foreseeable substantial increase in investment income.Berkshire has been continuously increasing its borrowings denominated in yen, but not following any fixed pattern. All borrowings are at fixed rates, with no "floating rate" borrowings. There is no forecast for future foreign exchange rate trends, thus striving to maintain a nearly neutral position in terms of currency.

ChainCatcher news, according to the WeChat public account of the China Financial Forty Forum, Liu Xiaochun, Vice President of the Shanghai Institute of New Finance (SFI), and Xiao Lei, a young researcher at the Shanghai Jiao Tong University China Financial Research Institute and head of investment at Kaitai Vision Fund (Hong Kong), co-authored an article titled "Reconsidering the Modern Monetary System in the Wave of Cryptocurrencies."The article points out that there have been various analyses and expectations regarding cryptocurrencies like Bitcoin in the current market. The 2024 U.S. election has further brought cryptocurrencies like Bitcoin to the forefront. However, for cryptocurrencies to truly replace existing sovereign currencies, they still face institutional realities and challenges. The vast majority of innovative applications of cryptocurrencies like Bitcoin essentially belong to financial services.In dealing with cryptocurrencies, a more valuable approach is to explore their more feasible application paths in the financial sector based on the functions and systems of modern money, combined with the technical characteristics of cryptocurrencies. This can mainly be approached from two directions: first, exploring the financial assetization path that is not linked to fiat currencies; second, developing payment and settlement tools that are linked to fiat currencies.

ChainCatcher news, according to Beincrypto, the AI-driven RWA Layer2 network Novastro has announced the completion of a $1.2 million seed round financing, led by Woodstock, with participation from Faculty group, Double peak group, Cogitent, X21, and Sam Tapaliya.According to the introduction, Novastro is an AI-driven Real World Assets (RWA) Layer 2 chain that integrates MoveVM and EigenLayer AVS. The network aims to provide Ethereum-level security while leveraging the efficient scalability of the Move language, supporting tokenized yield applications in the RWA and DeFi sectors. Its core framework is built around the RUSD stablecoin, which is specifically designed for the tokenization and trading of real-world assets.

ChainCatcher news, KOL Murad posted on the X platform, pointing out that among the 1 billion Meme coins that have emerged, the vast majority will disappear. About 15-25 of them will be "cult" Meme coins, which will perform well. Only 3-5 are expected to become "mainstream" Meme coins and gain widespread popularity.

ChainCatcher news, Coinbase CEO Brian Armstrong posted on X: "For the few who are paying attention to my latest 10b51 plan, let me provide some background: Over time, I will make some diversified investments, including investments in the moon landing plan, but I will still retain the vast majority of my Coinbase shares.For some reason, the relevant disclosures did not show the price targets, only the total number of shares that could lead to FUD. To clarify, I listed about 10% of the shares I hold in this plan, but most of the price limits are much higher than COIN's current price. I do not expect most of the shares to be executed next year (unless our performance is significantly better than expected). Coinbase is my top priority. We are just getting started, and I plan to operate it for the long term."

ChainCatcher news, aerospace startup Vast Space, founded by Ripple co-founder Jed McCaleb, has revealed its plans for a successor to the International Space Station, joining the ranks of companies like Blue Origin, founded by Amazon's Jeff Bezos."Haven-2" will serve as a dedicated laboratory in low Earth orbit, allowing visitors to conduct microgravity research. It will also become a destination for NASA's international partners to send astronauts.The company's long-term vision is for the first module of "Haven-2" to enter space and be fully operational by 2028, before the International Space Station is decommissioned and deorbited in 2031. Vast CEO Max Haot stated, "We chose this ambitious timeline and strategy as a way to disrupt the industry and win the competition."

ChainCatcher news, according to Jinshi reports, Federal Reserve's Goolsbee stated that the vast majority of Federal Reserve policymakers believe that interest rates will significantly decline in the next 18 months, with some signs indicating that inflation may fall below target levels. Given the current rates remain so restrictive, caution must be exercised. A range of broad data suggests that the labor market is cooling, and if productivity continues to grow, this implies higher economic growth, and the neutral interest rate will also rise.

ChainCatcher news, the minutes of the Federal Reserve meeting released on Wednesday show that at the meeting on July 30-31, "the vast majority of participants" believed that if the data continued to meet expectations, it might be appropriate to ease policy at the next meeting. They also noted that "many" Federal Reserve officials considered the stance on interest rates to be restrictive, and "some participants" believed that keeping interest rates unchanged amid ongoing inflationary pressures would mean that monetary policy would increasingly weigh on economic activity.The minutes also indicated that although all Federal Reserve officials agreed to keep interest rates steady in July, "several" policymakers stated that the rise in the unemployment rate and progress in reducing inflation "provided a reasonable justification for lowering the target range by 25 basis points at this meeting, or that they might have voted in favor of a rate cut." The vast majority indicated that if economic data continued to meet expectations, a rate cut might be appropriate at the next meeting. Regarding the inflation outlook, participants assessed that recent data had strengthened their confidence in inflation's continued progress toward 2%. Almost all participants believed that the factors contributing to the recent slowdown in inflation could continue to exert downward pressure on inflation in the coming months.