New high "MEW rises to $0.010551, hitting a historic high

[Crypto Super PAC Invests $2 Million, Michigan Representative Shri Thanedar Loses Primary] According to Cointelegraph, in the Democratic primary for Michigan's 13th Congressional District, incumbent Representative Shri Thanedar lost with 48.1% of the vote, while opponent Donavan McKinney won with 51.9%. The crypto-focused Super PAC Protect Progress invested over $2 million to support Shri Thanedar's re-election bid but failed to change the election outcome. Protect Progress is affiliated with the Fairshake organization. Shri Thanedar had previously voted in favor of the GENIUS Act and the CLARITY Act and allocated $3.7 million in campaign funds to crypto companies, incurring losses of over $600,000 in the second quarter. Donavan McKinney will face Taras Nykoriak in the November general election.

[Western Union and Rain Collaborate to Launch Visa Card Stablecard Supporting USDPT] According to Cointelegraph, Western Union has partnered with Rain to launch the Visa card Stablecard, which supports the USDPT stablecoin. The card is now available in 37 markets and is planned to expand to over 60 markets by the end of the year. USDPT is issued by Anchorage Digital Bank on the Solana blockchain. Users can deposit Western Union remittances into a USDPT wallet, transfer funds to compatible crypto wallets or exchanges, and make purchases at global merchants that accept Visa. This product is targeted at remittance recipients and consumers in countries with currency volatility, enabling savings in USD-denominated digital assets and facilitating everyday spending.

Since August 2025, the market value of Solana tokenized gold has increased by 689%, surpassing the growth rate of BNB Chain, Ethereum, and Avalanche. （Cointelegraph）

According to Bloomberg, the sell-off of artificial intelligence concept stocks led to losses for Balyasny and Verition Fund Management in July, with Balyasny falling 1.5% and cumulative returns narrowing to 1.2% in the first seven months of this year, while Verition Fund Management fell 1.1% and cumulative returns dropping to 4.5% so far this year. Wellington, the flagship fund of Castle, rose 5.9% in July, benefiting from its position in Situational Awareness.

Hong Kong has launched a new tokenized securities issuance and settlement framework that utilizes Chainlink technology. （Cointelegraph）