Sergej Kunz discusses user experience competition between DeFi and centralized exchanges

According to blockchain analysis firm Elliptic, the ruble stablecoin A7A5, supported by Russian state-owned banks and subject to sanctions, has accumulated over $100 billion in transferred funds. However, due to the sanctions, its liquidity has been restricted and its market value has shrunk by 96%.

According to CoinDesk, Binance has launched European options on gold and silver through Nest Exchange, which is regulated by the Abu Dhabi Global Market (ADGM), with contracts settled in USDT. The peak daily trading volume of Binance's gold and silver perpetual contracts reached $7.77 billion and $7.27 billion, respectively. The new options are open for retail investors to buy call and put options, and retail investors are not allowed to sell options. Sellers are only limited to the exchange and designated market makers.

Binance launches PRL trading competition, offering a $200000 prize pool. Users need to click on the Binance App activity page to join and track trading volume. Only buying volume will be counted in the statistics. Qualified traders can unlock a 1.2-fold trading volume bonus and enjoy a 2.0-fold bonus on the first day of trading. （Binance Wallet）

BNY Mellon, which manages $8.6 trillion in assets, plans to use blockchain technology to process transactions and maintain fund ownership records. （Cointelegraph）

According to Hyperinsight monitoring, CXMT on Hyperliquid reports $7.139. Starting from address 0x9a8, Giant Whale holds multiple CXMT positions at 5 times each, with a value of approximately $11.653 million. The average opening price is $6.615, with a floating profit of approximately $848000, a return rate of approximately 39.3%, and a liquidation price of approximately $0.756. The giant whale started to go long on July 15th, buying about $1.608 million on the first day, adding about $2.353 million on July 27th, adding about $993000 on July 28th, and adding about $130000 before the opening today. The giant whale placed 7 CXMT orders in the range of $6.01 to $6.41, with a total order amount of approximately $609000.