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Whales used the recent market volatility to accumulate more XRP and DOGE once again.
Quick Take The launch of the crypto-AI focused Aiccelerate DAO (AICC), now worth around $150 million, led to criticism on X after some insiders who took part in the project’s presale quickly sold their token allocations. Bankless Ventures, which received criticism after selling 10% of its allocation in an “impulsive mistake,” later rebought the tokens. In response to the controversy, the DAO said it “will implement a vesting structure for individual allocations and are having discussions with advisors to d
Quick Take A lawsuit from New York Attorney General Letitia James alleges that a ring of crypto scammers has stolen at least $2.2 million from New Yorkers solicited from fake remote work offers. James seeks to become the first regulator to serve unidentified scammers a lawsuit via an airdropped NFT.
US Nonfarm Payrolls and Unemployment Data have been released. Here is the latest.
- 14:42US-listed Addentax Group Plans to Acquire Up to 12,000 BitcoinsBlockBeats News, July 2—According to a report by PRNewswire, Addentax Group Corp. (NASDAQ: ATXG) announced today that it has signed a non-binding term sheet with a major independent Bitcoin holder, proposing to acquire up to 12,000 Bitcoins. This represents a significant increase in the potential acquisition size compared to the 8,000 Bitcoins initially discussed in the company’s May 15, 2025 press release. Based on current market prices, the total market value of the proposed acquisition is approximately $1.3 billion. If the transaction is completed, it will be settled through the issuance of newly issued common shares of the company. The term sheet outlines the preliminary framework for the proposed acquisition, but it remains subject to negotiation and execution of a definitive agreement, completion of due diligence, and customary approvals. The final number of Bitcoins to be acquired, the number of shares to be issued, and the terms of issuance (including pricing) will be determined through negotiations between the parties. Previously, on May 15, 2025, the company announced that it was in discussions with several independent Bitcoin holders. The company has now signed a non-binding term sheet with one of the major holders, who has expressed willingness to sell up to 12,000 Bitcoins (BTC) in exchange for the company’s common shares. This increases the potential acquisition size from the originally agreed 8,000 Bitcoins (BTC) to 12,000 Bitcoins (BTC).
- 14:42A U.S. stock exchange surges over 12%BlockBeats News, July 2 — According to market data, influenced by news of a merger transaction involving its controlling subsidiary, U.S.-listed Hut 8 Corp (HUT) surged by 12.47%, currently trading at $20.78. As previously reported by BlockBeats, on July 1, 2025, American Bitcoin Corp. and Gryphon Digital Mining jointly announced that they have submitted a revised S-4 registration statement to the U.S. Securities and Exchange Commission (SEC), advancing the previously announced share exchange merger transaction. American Bitcoin is a controlling subsidiary of Hut 8, backed by supporters including Eric Trump, son of former President Trump. The company focuses on industrial-scale Bitcoin mining and the development of strategic Bitcoin reserves.
- 14:42Mogo Board Authorizes $50 Million Allocation to BitcoinBlockBeats News, July 2—According to Businesswire, the board of directors of fintech company Mogo has authorized the allocation of $50 million to Bitcoin as part of its long-term capital preservation and product innovation strategy. The company will achieve this goal in phases by using excess cash and liquidating investment portfolios, setting Bitcoin as the benchmark for capital allocation returns. Mogo also plans to integrate Bitcoin into its core business, launching portfolio and loan products, among others.