FARTCOIN 异动，24H跌 14.81%

According to Foresight News, the DEGEN Foundation is exploring the possibility of phasing out its 32.5% total supply of DEGEN tokens to address token dilution and inflation concerns, and seeking community input. The foundation stated that it will prioritize long-term sustainability over future large-scale airdrops.

According to Bloomberg, FalconX, a major digital asset broker, is expanding into Latin America to meet the growing institutional demand for cryptocurrencies in the region. The company is launching its services in Brazil, with initial partners including BTG Pactual and Mercado Bitcoin under MercadoLibre. This move aims to enable more local institutions to provide trading, credit, and custody services for digital assets. FalconX Americas Sales Director Josh Barkhordar stated that thanks to regulatory frameworks, forward thinking institutions, and economic drivers, "Latin America is one of the fastest-growing regions for cryptocurrency adoption.

BlockBeats News: On July 29th, according to encryption journalist Eleanor Terrett's latest disclosure of the Tornado Cash case, issues related to the relationship between Dragonfly and the founders of Tornado Cash were resolved yesterday. The court documents revealed several key facts: Dragonfly invested $900000 in Tornado Cash in August 2020; As a reward, obtain the right to purchase network tokens and ultimately obtain a 5% supply of TORN tokens issued in December 2020; Dragonfly sold a portion of its shares in August 2022 and obtained over $4 million in cryptocurrency. BlockBeats reported earlier today that in response to the news that the US Department of Justice is considering filing charges against Dragonfly employees in the TornadoCash case, Dragonfly partner Haseeb stated in a post that "Monday's court records show that the US Department of Justice has clarified that media reports about their plan to sue Dragonfly are inaccurate and that Dragonfly and any of its key executives are not under their investigation. As an investor, Dragonfly may face lawsuits simply for supporting an open-source privacy technology, which is not only unprecedented but also a clear violation of the policies of the Department of Justice

Foresight News reported that according to DL News, the cryptocurrency lending platform Abra has suspended the withdrawal function of its international version of Earn service, and some users have been unable to withdraw since June. The platform did not publicly explain, only stating in an email that it was due to risk control and external factors. As of now, the CEO is still promoting the platform and has not responded to user inquiries. Previously, Abra had refunded $82 million to American users due to compliance issues.

According to CoinDesk, JPMorgan's latest report states that Coinbase's partnership with Circle and business layout for USDC stablecoins are generating significant returns through equity appreciation and high profit income. The estimated total value brought to Coinbase shareholders by Circle related businesses is between $55 billion and $60 billion, indicating that the market may underestimate the strategic importance of the USDC ecosystem. In the first quarter of this year, Coinbase received approximately $300 million in issuance payments from Circle, exceeding Circle's total net revenue. JPMorgan estimates that Coinbase had a USDC balance of $13 billion at the end of the first quarter, with revenue of $125 million based on a profit margin of 20% to 25%; Outside the platform, Coinbase and Circle split the revenue of the Circle Reserve Fund equally, earning $170 million with a profit margin of nearly 100% in the previous quarter. JPMorgan Chase has given Coinbase stock a neutral rating with a target price of $404. On Tuesday morning trading, the stock price was around $381.