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From Linea’s announcement to eToro, from HongKong to the United States, we’re tracking today’s most important crypto and AI stories as they unfold. This article will be updated throughout the day.
Linea Token Airdrop Revealed
8:00 am: Linea, an Ethereum layer-2 network developed by Consensys, has announced plans to launch its native LINEA token alongside the formation of the Linea Consortium.
- The consortium, which includes Ethereum-aligned entities such as SharpLink Gaming, ENS Labs, Eigen Labs, and Status, will manage 75% of the token’s distribution.
- This effort will position Linea as the primary destination for Ethereum capital, with incentives like native ETH yield and an ecosystem fund supporting builders and users.
- The network will implement a dual-burn mechanism: 20% of net transaction fees paid in ETH will be burned, while the remaining 80% will be used to burn LINEA, creating a deflationary model tied to on-chain activity.
Linea’s token distribution will target users, developers, liquidity providers, institutions, and creators contributing to the network’s growth.
- 85% of token supply will go to the ecosystem. The remaining will be to the ConsenSys treasury in a five-year lockup.
- A snapshot was already taken.
eToro to Tokenize Top 100 U.S. Stocks as ERC-20 Tokens on Ethereum
2:00 pm: Trading platform eToro will tokenize the 100 most popular U.S.-listed stocks and ETFs on the Ethereum blockchain, offering them as ERC-20 tokens with 24/5 trading availability.
- The company said users will eventually be able to move these tokenized stocks into self-custody wallets or integrate them into decentralized finance (DeFi) protocols.
- According to eToro, the tokenization aims to improve transparency and accessibility while giving users greater control over their assets.
- CEO Yoni Assia emphasized the initiative’s goal of democratizing finance through blockchain.
Hong Kong Issues Strict Stablecoin Licensing Guidelines Ahead of 2025 Rollout
2:30 pm: The Hong Kong Monetary Authority (HKMA) has released detailed guidance for stablecoin issuers ahead of its new regulatory regime, which takes effect this Friday.
- The rules mandate high standards for capital, reserves, governance, technology, and anti-money laundering (AML) compliance.
- Issuers will be required to verify the identity of all stablecoin holders, even those without a direct customer relationship, unless a licensed third party conducts the verification.
While 40 firms are reportedly preparing to apply, the HKMA is expected to approve fewer than 10 licenses initially. Applications for fully prepared issuers are due by the end of September, with licenses expected to be awarded early next year.
Strategy Buys $2.4B in Bitcoin Using Preferred Stock Sale Proceeds
2:30 pm: Strategy (MSTR), the largest corporate holder of Bitcoin, has acquired 21,021 BTC for approximately $2.4 billion using funds raised from its new preferred stock issuance, STRC.
- The purchase was disclosed Tuesday, with the average price per Bitcoin at $117,256, pushing the company’s total holdings to 628,791 BTC—valued at nearly $74 billion.
- The firm significantly exceeded its original $500 million target, selling nearly $2.5 billion worth of STRC, which offers a 9% dividend and begins trading Wednesday on Nasdaq.
White House to Release Sweeping Crypto Report Dubbed ‘Regulatory Bible’
2:30 pm: The White House is set to publish a major policy report Wednesday outlining its regulatory framework for digital assets, drawing close attention from the crypto industry.
- Dubbed a “regulatory Bible” by Digital Chamber CEO Cody Carbone, the document is expected to shape all federal rulemaking and guidance related to crypto over the next three and a half years.
- The report stems from an executive order signed by President Donald Trump in January, which created the President’s Working Group on Digital Asset Markets, including key officials such as Treasury Secretary Scott Bessent and SEC Chair Paul Atkins.
U.S. and China Move Toward Extending Tariff Pause
2:30 pm: The United States and China concluded two days of trade talks in Stockholm on Tuesday, agreeing to work toward extending a 90-day pause on new tariffs set to expire on August 12.
- Chinese Vice Premier He Lifeng called the discussions “in-depth, candid and constructive,” while U.S. Treasury Secretary Scott Bessent described the meetings as “very fulsome.”
- Although no formal extension was finalized, both sides signaled openness to continuing negotiations, with the U.S. delegation expected to consult President Donald Trump before deciding on the next steps.
- The talks addressed key U.S. concerns, including China’s trade with Iran, tech transfers to Russia, and overproduction in critical sectors.
- A possible Trump-Xi summit later this year remains uncertain.
Visit the page to view updated stories: Linea Airdrop Confirmed | BitPinas Live Crypto Updates | July 30, 2025
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