1. Solana Foundation Jointly Releases "Internet Capital Market" Roadmap with Ecosystem Participants
Leaders from Solana Foundation, Anza, Jito Labs, DoubleZero, Drift, and Multicoin Capital co-authored the "Internet Capital Market" roadmap. They proposed a future evolution centered on Application-Controlled Execution (ACE), aiming to build next-generation decentralized, high-performance financial infrastructure. The roadmap points out that the current biggest challenge is market microstructure optimization, with ACE allowing smart contracts to control transaction sequencing with millisecond-level precision. In the long-term plan, Solana will implement the Multi-Leader Concurrent Proposal (MCL) architecture to break through the "single proposer bottleneck", enhance censorship resistance, and achieve global market synchronized response.
2. OSL Group Plans to Raise Over HK$2.3 Billion through Share Placement for Strategic Acquisitions and Stablecoin Business Development
OSL Group announced on July 25 at the Hong Kong Stock Exchange that it has signed a placement and subscription agreement, planning to raise a total of approximately HK$2.355 billion, with a net amount of about HK$2.336 billion. The funds will be used as follows: 50% for strategic acquisitions, 30% for global and new business expansion (including payment and stablecoin plans), and 20% for general corporate purposes.
3. Matt Hougan: The Four-Year Crypto Cycle is Dead, Expecting "Sustained and Steady Growth" in 2026
Bitwise CIO Matt Hougan wrote that the "crypto four-year cycle is dead", with traditional driving forces weakening, such as diminished halving effect, more positive interest rate environment, and gradual institutional absorption of risks. He believes that long-term forces like ETF capital inflow, institutional participation, regulatory advancement, and Wall Street's entry are now driving market rhythm. Despite potential volatility, he is optimistic about the overall performance in 2026 and the coming years, expecting a "sustained and steady growth" rather than a one-time super cycle.
4. Hubei "Backdoor Currency Exchange" Fraud Case Verdict: Over 7.7 Million Yuan in Virtual Currency Stolen from 103 Victims
The Yunmeng County Court in Hubei recently delivered a final verdict in a virtual currency fraud case. He and three others operated a virtual currency platform with a "backdoor", manipulating the "D coin" price and illegally transferring users' pledged assets, causing a total loss of approximately 77.76 million yuan to 103 investors within two months. The court sentenced He and others to prison terms ranging from three to thirteen years, with additional fines between 20,000 and 300,000 yuan; the second instance upheld the original verdict.
5. Strategy Issues Perpetual Preferred Shares, Raising Approximately $2.474 Billion to Purchase Bit
Strategy announced the pricing of 28.01 million shares of variable-rate Series A perpetual preferred shares (STRC), with an issue price of $90 per share, expected to be delivered on July 29, raising a net amount of approximately $2.474 billion. The company plans to use the funds for general corporate purposes, including further Bit purchases and supplementing working capital.
