Huoxun Finance reported on July 29th that Binance C2C will launch a "Strictly Selected" zone, featuring carefully selected Shield advertisers and bulk advertisers. If a user's sell transaction in this zone results in a legal freeze on the advertiser's funds, they will receive a 50% compensation for the order amount, capped at 20,000 USDT per transaction, providing greater asset security. To ensure the smooth launch of this zone, Binance C2C will begin a two-week online test, with the official launch date to be announced at a later date. During this test period, Binance C2C will maintain a 50% compensation ratio. To ensure the successful completion of the test, the platform will invest $1 million as a start-up fund for claims settlement.

According to Huoxun Finance, on July 29th, the Hong Kong Securities and Futures Commission (SFC) issued an announcement warning the public to be wary of suspicious investment products named "FoFund Duoduo No. 1" and "FoFund Duoduo No. 2," "FoCoin," and "Taohuayuan NFT." These products involve management strategies related to virtual asset investments, digital tokens, and non-fungible tokens related to paintings. These investment products have not been authorized by the SFC for sale to the Hong Kong public. The SFC notes that the Hong Kong public can access information about these products through the products' related websites, social media accounts, and related mobile applications. Earlier, Caixin reported that Qian Fenglei's Fofund fund wealth management products had been shut down.

According to Globenewswire reports on July 29th, energy management solutions provider ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) announced today that it will conduct a $180 million private placement (PIPE) with qualified institutional investors to support its planned launch of a Bitcoin reserve strategy. The PIPE, which is subject to shareholder approval, is expected to sell 180 million shares of the company's common stock and prepaid warrants at $1 per share. Participants in the PIPE include strategic investors Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners, and renowned Israeli investor Alex Rabinovitch.

According to PR Newswire, BitMine Immersion Technologies announced today that its board of directors has approved a share repurchase program to repurchase up to $1 billion of the company's outstanding common stock. This new share repurchase program is open-ended, allowing the company to repurchase its shares from time to time in open market and negotiated transactions. The company currently has over $401.4 million in unencumbered cash. As of 10:45 PM ET on July 28, the company held 625,000 Ethereum and 192 Bitcoin. As of July 28, the company had a fully diluted total of 121,739,533 shares of common stock outstanding, and a combined net asset value (NAV) of $22.76 per share in cash and cryptocurrency. BMNR's total cryptocurrency and unencumbered cash holdings reached $2.77 billion.

Huoxun Finance reported on July 29th that Cathie Wood's ARK Invest increased its holdings of Ethereum finance company BitMine (BMNR) by 529,366 shares in its ARKK and ARKW funds on Monday, valued at $18.6 million. In addition, ARK Invest also sold nearly $7 million worth of Coinbase (COIN) shares and $15 million worth of shares in Jack Dorsey's financial technology company Block (XYZ).