BTC breaks through the $108500 mark

Odaily Planet Daily News: Terra Nexus, a Dubai based company, has signed a memorandum of understanding with Sinohydro Bureau 6 Co., Ltd. to jointly develop mineral resources in West Africa and promote the commercialization of the real asset-backed token WFCA. WFCA will be supported by diamonds and rare metals, dedicated to building a new financial model that connects blockchain and the real economy, providing support for applications such as asset on chain and cross-border settlement.

PayPal will update its cryptocurrency terms of service on July 16, 2025, explicitly supporting the issuance and use of PYUSD stablecoin on the Arbitrarum network. PYUSD is issued by Paxos and is fully supported by US dollars, US treasury bond bonds and other highly liquid assets as reserves. The price is fixed at US $1. Users can buy, sell, convert, or send PYUSD through the PayPal cryptocurrency center, but they need to choose the correct blockchain network that supports it (including Arbitrarum, Ethereum, and Solana).

Sui Foundation released its Q2 2025 DeFi report, showing that its ecosystem TVL reached a peak of $2.555 billion on May 21 and stabilized at over $2 billion in the later part of the quarter, with a year-on-year increase of 30.54% in trading volume. BTCfi launches sBTC and xBTC assets in the field, and 21Shares' SUI ETF in institutional investment is approaching NASDAQ listing. In addition, protocols such as Momentum and Suilend have performed outstandingly, driving the continuous expansion of the ecosystem.

Hyperion platform token economics includes two types of tokens: RION and xRION. Among them, RION is the platform's native transferable utility token, and users can obtain xRION by staking RION. XRION is a non transferable governance token that represents long-term commitment and agreement participation. It can be used for governance voting, Launchpad allocation, and whitelist eligibility applications, and also has the qualification to pledge rewards. The allocation ratio of RION is: liquidity incentives account for 30%, agreement vaults account for 22.9%, teams and consultants account for 20%, public distribution accounts for 9%, airdrops account for 5%, community incentives account for 5%, and investors account for 8.1%. Previously, it was reported that Binance Alpha points greater than 211 can participate in the Bonding Curve version of Hyperion (RION) TGE.

Odaily Planet Daily News: Wang Feng (@ wangfeng_0128), founder of Blue Harbor Interactive, announced in an article that Blue Harbor Interactive Group has announced the establishment of the "LK Crypto" business unit to coordinate the group's overall strategy and asset allocation in the Web3 and RWA (Real Asset On Chain) fields. The new business unit will integrate its asset management and equity participation company resources such as Bitcoin, Ethereum, Solana, etc. (such as LK Venture, Marsbit, Element), and build a Web3 capability hub.