The current rise of BTC is driven by the existing holders, and its market value has continued to rise, while the inflow of new funds from ETF, stable currency and treasury bond is decreasing. There is a similar gap between the rise in 2024 and 2025, but at that time the inflow scale was larger, and the increase in new capital inflows will provide substantial demand support for BTC. （glassnode）
Bitcoin Treasury announced on X platform that Strategy's tokenized stock STRCx has a circulating market value of $158 million, making it the world's largest tokenized stock, surpassing Elon Musk's tokenized equity in SpaceX.
Former New York Governor Andrew Cuomo stated at the OKX event that OKX plans to launch tokenized securities based on the SEC's innovation exemption within about 30 days, and referred to the joint venture between OKX and ICE as a marriage of giants.
AI model evaluation platform Arena has raised $200 million in funding, with a valuation of $3.1 billion. This round is led by Lightspeed Venture Partners and Khostra Ventures, with participation from Salesforce Ventures and Dell Technologies Capital. Arena originated from the Chatbot Arena research project at the University of California, Berkeley, and had an annualized revenue of $100 million in June of this year. (Source: Bloomberg)
