Crypto News. July 28, 2025
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DeFi
Linea has taken airdrop snapshot, and shared tokenomics: 10% goes to early users (9% to users who participated in Linea Voyages and earned LXP) and builders, 12% will support trading and partnerships
The SEC has approved in-kind creations and redemptions for crypto ETFs, allowing direct swaps of Bitcoin and Ethereum instead of cash. It also gave the go ahead for ETFs holding both spot BTC and ETH, plus options and higher limits.Accelerated approvals were granted to Nasdaq, NYSE Arca, and Cboe BZX
180 Life Sciences is rebranding to ETHZilla and shifting from biotech to Ethereum based gaming and entertainment. Backed by a $425M PIPE deal with top crypto investors(Electric Capital, Polychain Capital, GSR,etc), it will adopt an ETH treasury strategy, led by Electric Capital, aiming to outperform standard ETH staking through advanced on chain strategies.
eToro is launching tokenized US stocks and ETFs on Ethereum, including a partnership with CME Group to offer tokenized futures
Bakkt is raising $75M through a stock and warrant sale, set to close today. Funds will go towards buying Bitcoin for their treasury. They previously amended their investment policy to allow up to $1 billion BTC purchase.
Metaplanet adds 780 BTC for $92.5 million, now holds Bitcoin worth $2 billion
SharpLink Gaming buys 77,210 ETH ($290M), pushing total holdings to 438,190 ETH
