[Weekly Web3 News Highlights] Galaxy Digital has completed the sale of 80,000 Bitcoins on behalf of early investors, with a market value exceeding $9 billion; Tether CEO: Plans to launch institutional stablecoin, with progress in the U.S. market going "smoothly"; SEC Chairman: Considering the introduction of a cryptocurrency innovation exemption policy to encourage market advancement in the tokenization process; Trump Media Group announces its Bitcoin assets have reached approximately $2 billion.

Weekly Web3 News Highlights from BitPush:

[Galaxy Digital] completes the sale of 80,000 Bitcoin for early investors, market value exceeds 9 billion dollars

According to Bitpush, Galaxy Digital Inc. (NASDAQ: GLXY / Toronto Stock Exchange: GLXY), a leader in the global digital asset and data center infrastructure sector, announced today that it has successfully completed one of the largest nominal value Bitcoin transactions in cryptocurrency history on behalf of a client.

Galaxy completed the sale of over 80,000 bitcoins for an early investor from the Satoshi era, with a total value of over 9 billion dollars based on current market prices. This transaction represents one of the earliest and most significant exits in the digital asset market, forming part of the investor's broader legacy planning strategy.

[Tether CEO: Plans to Launch Institutional Stablecoin, Progress in Entering the U.S. Market is "Smooth"]

According to Bitpush news, Tether CEO Paolo Ardoino stated in an interview with Bloomberg Television that the company’s plans to enter the US institutional stablecoin market are "progressing smoothly". The week prior, Ardoino attended the ceremony where President Trump signed the GENIUS Act, which establishes a federal regulatory framework for US stablecoins.

Ardoino revealed that Tether plans to announce a specific plan for the U.S. institutional market in the coming months. In April of this year, the company stated that it would launch a new type of stablecoin aimed at institutional clients, focusing on fast settlement services. Currently, Tether's USDT is the largest stablecoin in the world, with a total market capitalization of $162 billion.

It is worth noting that the "GENIUS Act" requires stablecoins to be fully backed by US dollars or similar liquid assets, and imposes annual audit requirements on issuers with a market capitalization exceeding $50 billion. In the face of competition from stablecoins soon to be launched by traditional financial institutions such as JPMorgan and Bank of America, Ardoino acknowledged that these rivals "may perform better in the short term," but emphasized that Tether has a technological advantage and a deeper understanding of the market.

In addition, Tether recently appointed Simon McWilliams as Chief Financial Officer to promote the work of obtaining audits from the Big Four accounting firms. Ardoino stated that this is the company's "top priority". When asked whether it would go public like competitor Circle, he explicitly denied it.

[SEC Chairman: Considering the introduction of a cryptocurrency innovation exemption policy to incentivize the market to advance the tokenization process]

According to Bitpush news, Bloomberg reported that Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that after the U.S. House of Representatives passed a landmark stablecoin bill earlier this Thursday, the SEC is weighing whether to launch an innovative exemption to encourage the market to advance the tokenization process.

He stated at a press conference that SEC staff are considering other adjustment measures that may be taken within the existing regulatory framework to promote the development of tokenization, including the establishment of an "innovation exemption" that would allow for new trading methods and facilitate the construction of other key components in the tokenized securities ecosystem through more targeted forms of exemption.

[Trump Media Group announces its Bitcoin assets have reached approximately $2 billion]

According to BitPush news, Trump Media Group has announced that its Bitcoin assets have reached approximately $2 billion, accounting for two-thirds of the company's $3 billion in liquid assets. This strategy is supported by $3 billion in liquid funds, with an additional $300 million allocated for Bitcoin-related options operations, which may potentially be converted into spot Bitcoin in the future.

【Strategy plans to increase the financing scale from 500 million dollars to 2 billion dollars for purchasing Bitcoin】

According to BitPush news and market sources, Strategy plans to increase its financing scale from 500 million dollars to 2 billion dollars for the purpose of purchasing Bitcoin.

[Christie's Launches Cryptocurrency Real Estate Department, Specializing in Crypto Luxury Home Acquisition Services]

According to reports from BitPush and The New York Times, luxury real estate brokerage Christie's International Real Estate has established a new department dedicated to handling property transactions that accept cryptocurrency payments. The company currently has luxury homes worth over $1 billion open to potential buyers for cryptocurrency offers.

According to reports, the establishment of this new department was inspired by recent large cryptocurrency real estate transactions, including a $65 million Beverly Hills property transaction completed with cryptocurrency. The new department has a "dedicated team of lawyers, analysts, and cryptocurrency experts" aimed at handling cryptocurrency payments without the involvement of intermediary banks. Aaron Kirman, CEO of Christie's Southern California division, revealed that they have facilitated transactions where sellers were unaware of the buyer's identity, but the lawyer hired by the seller would verify the legitimacy of the funds' source with the buyer.

It is reported that among the real estate portfolio that accepts cryptocurrency payments is the "Invisible House," located in Joshua Tree, USA, known for its reflective wall design. Kirman expects that within five years, cryptocurrency could account for more than one-third of all residential property sales in the United States.

[Insider: Prediction market platform Polymarket considers issuing its own stablecoin]

According to news from Bitpush, citing informed sources from Coindesk, the cryptocurrency prediction market platform Polymarket is evaluating the possibility of issuing its own stablecoin. The platform is currently valued at over $1 billion.

According to sources, Polymarket is considering issuing a stablecoin to obtain the income generated from USDC reserves on its platform. Currently, platform users need to use USDC issued by Circle for betting, and the interest generated from the related funds reserves belongs to Circle.

According to insiders, since Polymarket is a closed ecosystem, the technical threshold for issuing stablecoins is relatively low, as it only requires the implementation of the exchange function between USDC and its own stablecoin, without the need to handle complex aspects such as fiat currency deposits and withdrawals.

A spokesperson for Polymarket responded that the decision regarding stablecoins has not yet been finalized. Data shows that the platform handled approximately $8 billion in bets during last year's U.S. presidential election, and in May of this year, it reached 15.9 million visits.

It is worth noting that the stablecoin regulatory bill passed by the United States last week has made the issuance of stablecoins more attractive to crypto enterprises. Meanwhile, Circle is entering into revenue-sharing agreements with multiple exchanges and fintech companies to maintain the market competitiveness of USDC.

Approximately $1.9 billion worth of ETH is queued to exit the Ethereum PoS network, while approximately $1.3 billion worth of ETH is queued to join.

According to a report from The Block, data shows that the number of Ethereum validators exiting the queue has surged in the past week, with approximately 521,000 ETH (equivalent to about $1.9 billion at current prices) waiting to exit the Ethereum network. Since July 16, the number of requests to withdraw ETH has increased significantly, with exit waiting times extended to 8 to 9 days, the longest wait time since the beginning of 2024. Meanwhile, the ETH waiting to join the network exceeds 359,500, equivalent to about $1.3 billion, with an expected activation delay of around 6 days.

This situation reflects the existence of two opposing forces in the market: on one hand, some stakers may choose to take profits after Ethereum's rebound of 162% since the low in April, leading to a surge in exit queues; on the other hand, new inflows of funds driven by regulatory tailwinds and institutional demand are also pushing up the entry queues, as publicly traded companies like SharpLink Gaming and BitMine Immersion increase their holdings of ETH and stake.