Thumzup Media (NASDAQ:TZUP) is expanding its cryptocurrency portfolio beyond Bitcoin, as approved by its Board. The company, which currently holds 19.106 BTC worth around $2.1 million, will now incorporate Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin into its digital asset strategy. This move aligns with Thumzup’s existing policy of allocating up to 90% of liquid assets to Bitcoin. The new resolution empowers management to assess the benefits of diversifying its digital asset holdings while continuing to grow its AdTech platform. This strategic expansion reflects the company’s confidence in the broader cryptocurrency market and its potential for long-term growth.
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2 in Finance and 71 in Crypto last week
Solana ETF Inflows Double to $41M Despite High Fees
The Rex-Osprey Solana + Staking ETF (SSK) recorded $21 million in net inflows on July 8, bringing its cumulative total to $41.2 million—effectively doubling its previous three-day inflows. However, SSK’s performance lags behind Bitcoin and Ethereum ETFs, with its $41.2 million representing just 0.05% of SOL’s market cap, compared to 0.34% for Bitcoin and 0.3% for Ethereum. The fund’s 0.75% management fee, higher than competitors like BlackRock and Fidelity, and its single-issuer structure may explain the slower uptake. Despite these hurdles, the July 8 surge suggests growing investor interest in Solana ETFs.
read moreUnderstanding Proof-of-Stake: Types & Benefits
Proof-of-Stake (PoS) is a consensus mechanism that replaces energy-intensive mining with staking, where validators lock up cryptocurrency to secure the network. Unlike Proof-of-Work (PoW), PoS reduces energy consumption and offers passive income opportunities through staking rewards. The article delves into different PoS variants, including Delegated Proof-of-Stake (DPoS), Liquid Proof-of-Stake (LPoS), and Hybrid Proof-of-Stake (HPoS), highlighting their unique features and governance models. It also addresses challenges like the ‘Nothing at Stake’ problem and how modern blockchains mitigate them. PoS is a key innovation driving scalability and sustainability in blockchain networks like Ethereum 2.0 and Tezos.
read moreSei Network TVL Surges Past $626M Amid Japan Approval
Sei Network’s TVL has surged from $60 million in early 2024 to over $626 million, driven by staking growth and Japan’s FSA approval, which opens doors to a tightly regulated market. On-chain activity and daily transfers have spiked, with some protocols posting 10–50% TVL gains. SEI’s token price doubled in June due to a US stablecoin pilot and EVM transition proposal, but remains 78% below its 2024 peak. Analysts warn of a potential 25% drop to $0.19 by August, though market sentiment stays bullish. Short-term volatility is expected, with dips likely viewed as buying opportunities.
read moreXRP Eyes New Highs as Ripple Joins Web3 Summit
XRP is poised for a potential breakout, with a bullish pattern completing if it surpasses $2.34, possibly driving it to new highs. The altcoin’s prospects could gain additional traction as Ripple CEO Brad Garlinghouse attends the US Senate Banking Committee’s ‘From Wall Street to Web3’ summit, focusing on digital asset markets. This event may influence regulatory sentiment and investor confidence in XRP and the broader crypto space.
read moreSolana Memecoins Reshuffle as LetsBonk Overtakes Pump.fun
While Solana’s key metrics—such as token launches, daily transactions, and new accounts—remain stagnant, the memecoin sector is undergoing a reshuffle. LetsBonk has overtaken Pump.fun as Solana’s leading memecoin launchpad, marking the first time Pump.fun has lost its top spot since its breakout. Despite the overall network activity appearing subdued, Bitget COO Vugar Usi Zade notes that supporting data hints at a potential memecoin-driven resurgence for Solana. The shift suggests evolving trends in the DeFi space rather than an outright expansion of activity.
read moreJack Lu’s BounceBit Merges Bitcoin Safety with DeFi Flexibility
Jack Lu’s BounceBit is pioneering a hybrid CeDeFi model that combines Bitcoin’s security with DeFi’s flexibility, targeting investors hesitant about fully decentralized systems. The platform uses a dual-token system (BTC and BB) and offers innovative strategies like spot-futures arbitrage, yielding up to 30% annual returns. BounceBit has already drawn $400 million in investments and expanded into tokenizing real-world assets, such as US government bonds. Lu’s approach appeals to both crypto natives and traditional investors, though challenges like regulatory uncertainty and technical risks remain. With backing from major VCs and a derivatives platform offering 200x leverage, BounceBit is positioning itself as a key player in the evolving crypto-finance landscape.
read moreRipple Taps BNY Mellon as RLUSD Custodian Amid Stablecoin Growth
Ripple Labs has appointed BNY Mellon, a financial institution managing $43 trillion in assets, as the primary custodian for its RLUSD stablecoin. The XRP-linked stablecoin, launched late last year, is designed for institutional use, distinguishing it from consumer-focused competitors like Tether’s USDT and Circle’s USDC. With a $500 million market cap, RLUSD is dwarfed by its rivals but gains credibility through BNY Mellon’s backing. The bank, an early supporter of digital assets, will provide transaction banking services and integrated solutions for RLUSD. Ripple CEO Brad Garlinghouse framed the partnership as a sign of growing institutional trust in stablecoins, buoyed by regulatory clarity. Meanwhile, XRP’s price has surged 450% over the past year, partly due to reduced regulatory risks. BNY Mellon’s Caroline Butler emphasized stablecoins’ role in financial innovation, calling blockchain a transformative payment rail.
read moreRipple Taps BNY Mellon as RLUSD Custodian Amid $500M Growth
Ripple has named BNY Mellon as the primary custodian for its enterprise-focused stablecoin, Ripple USD (RLUSD), citing the bank’s robust digital asset infrastructure and transactional banking prowess. The collaboration aims to strengthen RLUSD’s reserves and institutional utility, with BNY Mellon managing cash reserves and providing integrated banking solutions. RLUSD’s circulating supply has exceeded $501 million, distributed across Ethereum ($435M) and XRP Ledger ($65M), underscoring its adoption in regulated environments like the US (NYDFS-approved) and Dubai. Designed for cross-border transactions, RLUSD offers enterprises faster settlements and cost efficiency, diverging from retail-focused stablecoins. This follows Ripple’s earlier partnership with AMINA Bank in Europe, expanding its institutional footprint.
read moreLittle Pepe ($LILPEPE) Rises as Utility-Backed Meme Coin
Little Pepe ($LILPEPE) is emerging as a standout in the meme coin space, combining low fees, high speed, and advanced blockchain utility. Priced under $0.002, it has raised over $3.6M in its presale, nearing its $4.475M target. The project offers zero trading tax, anti-sniper bot protection, staking rewards, and a DAO for governance. Upcoming features include NFT integration and cross-chain compatibility. A $777K giveaway is also underway to boost adoption. With a balanced tokenomics structure and a roadmap focused on ecosystem growth, Little Pepe is positioning itself as more than just a meme coin, attracting investors looking for real blockchain functionality.
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