Token based money market fund platform Spiko raises $22 million in Series A funding, led by Index Ventures

According to three sources, the Bank of England has requested some banks to test their ability to withstand potential shocks to the US dollar, the latest sign of how the Trump administration's policies are eroding people's trust in the US as the cornerstone of financial stability. US President Trump has broken the long-standing policies of the United States in areas such as free trade and defense, forcing policymakers to consider whether emergency provision of US dollars can still be relied upon during times of financial pressure. A source familiar with the matter said that following similar requests from European regulators, the Bank of England has asked some banks to evaluate their US dollar financing plans and their level of dependence on the US dollar, including short-term demand. Another source said that in recent weeks, a global bank headquartered in the UK has been required to conduct internal stress tests, including the possibility of a complete depletion of the US dollar swap market. One of the sources said that given the dominant position of the US dollar in the global financial system and banks' dependence on the US dollar, no bank can withstand such a shock for more than a few days.

According to a report by Golden Finance, leaders of several major banks in the United States, including JPMorgan CEO Damon, Bank of America CEO Moynihan, and Citigroup CEO Fraser, view stablecoins as a potential threat to payment control in the banking industry. Senior bankers are exploring tools such as deposit tokens and stablecoins issued by banks to defend their control over payments. Fraser stated that the bank is actively exploring reserve management for stablecoins and providing custody services for cryptocurrency assets. Moynihan warns that the banking industry must respond to the rise of stablecoins, whether through developing its own products or partnering with emerging payment institutions, to prevent customers from turning to new partners.

According to Foresight News, The Smarter Web Company, a UK listed company, announced an accelerated placement and plans to raise no less than £ 15 million (approximately $20.1 million) to purchase more Bitcoin.

According to Foresight News, Yala announced that the token YALA has been launched and released its token economic model. The total supply is 1 billion (fixed), and the specific distribution includes: investors (15.98%), 1-year lock up, followed by 18 months of quarterly attribution; Ecosystem and Community (20%), 45% unlocked during TGE, and the remaining 55% released linearly within 24 months; The foundation and the finance department (29.12%) unlock 30% during TGE, with a one-year lock up period followed by 36 months of linear attribution; Marketing (10%), unlocking 20% during TGE, one-year lock up, followed by 24 months of linear attribution; Team (20%), 1-year lock up, followed by 24 months of linear monthly attribution; Airdrop (3.4%), distributed once to early adopters, test and mainnet participants, and users who have made meaningful contributions to the Yala and Yeti Footprints programs, fully unlocked during TGE; Market maker (1.5%), the attribution schedule is determined by the terms negotiated in the market making agreement.

BlockBeats news, on July 17th, according to official sources, Numerai stated that NMR is a fixed supply token with a total limit of 11 million tokens. Due to Numerai's payment of NMR from the treasury to data scientists, there are currently only about 3 million remaining in the treasury. Once depleted, it will no longer be able to support staking and reward payments. Therefore, Numerai announced that it will repurchase NMR worth $1 million on the open market. In order to conduct this repurchase as transparently as possible, we have communicated with the Coinbase Institutional team and they will assist in facilitating this purchase. We do not want the repurchase action to disrupt the NMR market in any way, so Coinbase will place orders at or near the buy price. This means that the repurchase may take some time to complete.