VC Roundup: Investments in Web3 startups top $1B in July

The project utilizes a blockchain infrastructure developed with Tanssi's technology, enabling predictable transaction fees and reliability, rather than relying on public blockchains.

[Trump Announces Nullification of Documents Signed by Biden Using Automatic Signature Devices] U.S. President Trump announced that all documents signed by former President Joe Biden using automatic signature devices (accounting for approximately 92% of his signed documents) are immediately nullified and permanently invalid. He stated that the use of automatic signature devices is prohibited without special presidential approval and accused operators of the devices of engaging in illegal practices. Trump claimed that Biden did not participate in the automatic signature process and would face charges of perjury if he claimed involvement. Additionally, he mentioned that individuals surrounding the 'Resolute Desk' in the Oval Office had stripped Biden of his presidential authority.

Chinese technology companies such as Alibaba and ByteDance are transferring the training of AI models to Southeast Asia to bypass the restrictions on NVIDIA chips under US export controls. （Cointelegraph）

[European Central Bank President Lagarde Says Current Interest Rate Levels Are Appropriate] European Central Bank President Lagarde stated that the current interest rate levels are within an appropriate range, and the ECB is fully prepared in terms of policy. She noted that the inflation cycle has been brought under control and the scope of risks has narrowed, but if the U.S. imposes additional tariffs or supply chain disruptions occur, prices could face upward pressure.

Due to improved legal clarity, increased institutional demand, and improved market infrastructure, the number of XRP spot ETF applications has significantly increased, leading other mainstream cryptocurrencies. （Cointelegraph）