Ai Yi monitoring data show that a newly created wallet, 0x341…CaADb, opened a 40 million ENA position about three hours ago. The entry price was $0.09269, valuing the position at roughly $3.69 million. The wallet has since transferred the ENA to Ethena for staking.

HuoXing Finance reported that as of Aug. 4, TradingBeats (formerly Hyperinsight) data show SPCX continued to recover, last trading at $114.69. The token was up 5.5% over the past 24 hours and 9.5% above its recent low. Since yesterday, seven seven-figure wallets have opened long positions in SPCX. Together they hold 238,800 tokens worth about $27.386 million, with a weighted average entry of roughly $112.00, translating to a combined unrealized gain of around $636,000. The largest position belongs to the wallet starting with 0xb37. The whale accumulated SPCX early today via 83 trades, buying 147,500 tokens for approximately $16.958 million at a weighted average price of $114.96. It currently holds a single 20x-leveraged long worth about $16.918 million. At the time of writing, the position shows an unrealized loss of roughly $40,000 (5.1%) and represents 61.8% of the total long exposure across the seven wallets. Its liquidation price sits at $105.43, about 8.1% below the current market and close to yesterday's intraday low near $105. If SPCX revisits that level, this whale would be the first among the group to face liquidation pressure. Funding data indicate the address received 1.449 million USDC early yesterday and began building the SPCX long roughly 20 hours later. During early trading today, the funding source sent an additional 350,000 USDC, bringing the two most recent transfers to about $1.799 million. The address first received about 1 million USDC on July 10 and started trading afterward. Since then, it has traded 21 assets across semiconductors, U.S. equity indices, crude oil and cryptocurrencies, generating about $572,000 in realized profits.

ChainCatcher reports that, per TradingBeats (formerly Hyperinsight), SPCX extended its rebound on Tuesday, last trading at $114.69. The token is up 5.5% over the past 24 hours and 9.5% off its recent low. Since yesterday, seven seven-figure wallets have opened long positions in SPCX. Together, they hold 238,800 tokens worth about $27.386 million, with a weighted average entry near $112. Their combined unrealized profit stands at roughly $636,000. The largest position belongs to the wallet beginning with 0xb37. The whale started accumulating early today via 83 trades, buying 147,500 SPCX for about $16.958 million at a weighted average price of $114.96. That wallet's current long position is around $16.918 million with 20x leverage and is its only open position. At the time of writing, the position shows an unrealized loss of about $40,000 (5.1%) and represents 61.8% of the seven wallets' total long exposure. Its liquidation price is $105.43, about 8.1% below the current price and close to last night's low near $105. A pullback to that level would make this wallet the first to face liquidation risk. On-chain data shows the address received 1.449 million USDC early yesterday and began building the SPCX long roughly 20 hours later. During today's early accumulation, the funding address sent an additional 350,000 USDC, bringing the two recent transfers to about $1.799 million. The address first received about 1 million USDC on July 10 and began trading afterward. Since then, it has traded 21 assets across semiconductors, U.S. equity indices, crude oil and cryptocurrencies, generating realized profits of around $572,000.

NEAR cofounder and NEAR Foundation CEO Illia Polosukhin on Aug. 4 outlined a proposal to set up a NEAR sovereign fund aimed at generating NEAR-denominated returns and lowering the network's real inflation rate. Under the plan, the fund would be capitalized with existing and future protocol treasuries and fed by current and future protocol revenues. Governance would set operating parameters, and protocol revenues within governance-approved ranges would be directed into the fund and converted into NEAR. Part of the resulting proceeds would be earmarked for validator incentives, MPC service providers, and other ecosystem public goods. Polosukhin said the fund could start with the current protocol treasury of about 30 million NEAR. Representatives from House of Stake could also join and share in returns via the existing delegation mechanism. If the initial rollout proves effective, NEAR could gradually shift more protocol revenues—and eventually a portion of token emissions—into the fund. The goal is to reduce real inflation while maintaining rewards for core validators and stakers. Over time, the fund could potentially cover all network security and public-goods spending, creating a path toward a fixed token supply. The proposal remains under discussion and is not binding. Polosukhin plans to collect feedback from validators, token holders, and community members over the next two weeks before deciding whether to move forward.

THE BLOCK: NEAR co-founder Illia Polosukhin has proposed creating a NEAR Sovereign Fund that would custody the protocol's treasury and revenues in $NEAR. The vehicle would seek to generate yield and allocate part of the proceeds to security initiatives and public goods, with a long-term goal of lowering inflation.

Pendle said in a post on X on Aug. 4 (UTC+8) that PENDLE's circulating supply has fallen to an all-time low. The protocol noted that fee revenue used to repurchase PENDLE is running at roughly five times the token's minting rate. Pendle also said about 92% of sPENDLE-holding addresses have never unstaked. (Source: Foresight News)

BlackRock has rolled out a tokenized money market fund aimed at stablecoin reserve management, expanding its onchain product footprint to include Solana, according to CoinDesk. The fund's shares are issued and recorded on Solana, Ethereum and Tempo. BlackRock said the portfolio is invested exclusively in cash, short-term U.S. Treasuries and overnight repurchase agreements backed by U.S. Treasuries, with no exposure to cryptocurrencies. The product is positioned for institutional use, offering what the firm described as high-quality reserve-asset options for stablecoins and other tokenized financial products. BlackRock added that as stablecoin-related demand grows, cash-like instruments remain a core building block for corporate, investor and financial-institution portfolios. The fund will operate under Rule 2a-7 of the Investment Company Act of 1940. Its prospectus states it will not invest in digital assets or virtual currencies. Transfers of tokenized shares can occur onchain but are tightly controlled. The fund uses a whitelist model: wallet addresses must complete identity verification before they can hold or transfer shares. The transfer agent can restrict transfers and, in defined situations, freeze, revoke or reissue tokenized shares. The minimum initial investment is set at $3 million, underscoring the institutional focus. Key details: - Share registration chains: Solana, Ethereum, Tempo - Underlying assets: cash, short-term U.S. Treasuries, overnight repos collateralized by U.S. Treasuries - Minimum initial investment: $3 million BlackRock said the structure is intended to satisfy requirements for qualified reserve assets under the U.S. GENIUS Act, legislation that sets a regulatory framework for U.S. payment stablecoins and has accelerated product development around reserve management. Fund documents also caution that future regulatory changes could affect whether a stablecoin issuer may continue to treat the fund as an eligible reserve asset. Operational risks are also highlighted, including the potential for blockchain outages or smart-contract vulnerabilities to disrupt share trading and transfers. The launch extends BlackRock's broader tokenization push. The firm introduced its BUIDL tokenized money market fund in March 2024, and assets under management have since surpassed $2.6 billion. As U.S. stablecoin rules come into sharper focus, competition is intensifying among reserve-management products. Morgan Stanley and Fidelity have also introduced related offerings targeting stablecoin issuers and institutional capital.

Two wallets believed to be associated with a16z moved a total of 979,000 HYPE tokens to Hyperliquid and staked the funds about eight hours ago, according to on-chain analyst Yujin cited by Odaily Planet Daily. The staked amount is valued at approximately $53.53 million. The wallets are 0x5a2...208 and 0xf55...1C2.

On-chain analyst Yujin reports that Ethereum treasury firm BitMine has staked 150,120 ETH, worth roughly $280 million. BitMine's total ETH holdings stand at 5.7978 million, with 5.0673 million ETH staked—about 87% of its position. At an annualized yield of 2.66%, the staked balance is estimated to earn around 134,800 ETH per year, equivalent to approximately $250 million at current prices.