Welcome to the 89th edition of Sharding Weekly! 2025/7/21 - 7/27 Some Highlights: 🔸US to release crypto report on July 30 🔸SEC Chair Paul Atkins says $ETH "is not a security 🔸$DJT Trump Media says its Bitcoin treasury holdings have reached $2B 🔸FBI ends probe into Kraken founder 🔸SEC halts approval of Bitwise’s broad crypto ETF 🔸Tesla kept all $1.42B in Bitcoin in Q2 2025 Let's dive in 🤿

1/3 --- 📰 News $BTC •@saylor acquired 6,220 BTC for ~$739.8M at ~$118.9K each •@Sequans bought 1,264 BTC for ~$150M at ~$118.7K each •PNC Bank ($411B in assets) partners with Coinbase to offer Bitcoin and crypto services to its clients •Jack Dorsey's Square starts onboarding merchants for new Bitcoin payment feature •@MicroStrategy is raising $2B to buy more Bitcoin $ETH •Sharplink bought 79,949 ETH between Jul 14–20 at $3,238 avg, totaling $258M •BlackRock’s Head of Digital Assets joins @SharpLinkGaming, Ethereum’s second-largest treasury holder $SOL •Joe McCann plans $1B raise for Solana Treasury Co after ~70% liquid fund drawdown Others •BitGo files S-1 for US IPO with $100B in crypto assets under custody •@ethena_labs unveils $360M PIPE for @stablecoin_x; foundation starts $260M buyback •$4.3T JPMorgan may offer loans backed by clients’ crypto •Polymarket acquires exchange to re-enter US after DOJ probe ends •Polymarket considers launching its own stablecoin •Windtree Therapeutics (WINT) secured up to $520M in funding, with 99% set to buy BNB •@celestia bought 43.45M $TIA from Polychain for $62.5M and is reallocating it to new investors with unlocks from Aug 16 to Nov 14

2/3 --- 📖 Narratives •@rickawsb @Only1temmy - The “GENIUS Act” and the New East India Company •@Degenerate_DeFi - the stablecoin plays that will retire your bloodline (part 1) •@j0hnwang - The $100B IPO Grift: How Hyperliquid Breaks Wall Street’s Game •@RubiksWeb3hub - The Institutional Research Playbook •@MessariCrypto - State of Stablecoins 2025 •@FranklinBi - The Great Onchain Migration •@heygurisingh - Microsoft released an 18-episode “Generative AI for Beginners” series •@KyleSamani - The Internet Capital Markets Roadmap for @solana •@Punk9277 - The Future of Airdrops & Token Distribution

3/3 --- 💰 Crypto Fundraising Blockchain Service •@questflow - 6.5m Seed led by @cyberFund_ •@psdnai - 15m Seed led by @a16zcrypto •@freenamecom - 6.5m Series A led by @EntreeCap •@bankrbot - $TBD investment from @cbventures •@DataGuardiansNK - 5m Pre-Seed led by @droppgroup Blockchain Infrastructure •@QuackAI_AI - 3.6m •@xtaohq - 22.8m •@dsrvlabs - 11.6m Series B •@Gaianet_AI - 10m (Total 20m) Series A led by @mirana Susquehanna International Group @0xMantle @BytetradeLab Stablecoin •@StablREuro - $TBD Strategic investment from @krakenfx NFT •@Courtyard_io - 30m Series A led by @ForerunnerVC Social •@bloomsocialhq - 1.6m Pre-Seed led by @FactionVC Chain •@nubit_org - $TBD investment from @071_labs GameFi •@delabsOfficial - 5.2m (Total 17.2m) Series A led by @hashed_official That’s all🥂

@saylor @Sequans @rickawsb @Only1temmy @Degenerate_DeFi @j0hnwang @RubiksWeb3hub @questflow @cyberFund_ @psdnai @a16zcrypto @freenamecom @EntreeCap @bankrbot @cbventures @DataGuardiansNK If you feel this thread is helpful, welcome to follow @ciaobelindazhou @cchungccc Thank you for all your support! Have a great day! Full content 👇