[Coin World] Due to capacity constraints, Ethiopia has suspended the distribution of new electricity licenses to crypto asset mining companies. This decision was made at a time when interest in Bitcoin mining has surged. Currently, 25 Bitcoin mining companies are in operation, with nearly 20 more awaiting approval, mainly thanks to Ethiopia's low electricity prices and abundant hydropower resources.

As of July 31, 2025, the financing scale of encryption projects this year has reached 20.6 billion USD, surpassing the total of last year, setting a new record. Among them, the venture capital department of a certain trading platform completed 44 transactions, ranking first.

The Ethereum Foundation's fund management strategy aims to support project development by regularly transferring ETH to meet budgetary needs. Although its selling behavior may affect market sentiment, the foundation still holds 273,000 ETH and actively allocates funds for global activities and innovative projects to promote the long-term development of the Ethereum ecosystem.

Blockchain technology is thriving across various regions in China, with Xiong'an New Area focusing on smart city construction, Hainan Free Trade Zone promoting industrial upgrading, and Guizhou leveraging its big data advantages to drive blockchain development. These regions are exploring applications based on their unique characteristics, showcasing the important role of blockchain in economic and social development, and in the future, there is a need to strengthen technological innovation and talent cultivation.

Last week, there were 17 global blockchain financing events, with a total amount exceeding $183 million, and there were encouraging developments in areas such as Decentralized Finance, Web3 gaming, and AI. The TAC project raised $11.5 million, while Nook raised $2.5 million. Eigen Labs secured $70 million in funding for its EigenCloud platform.

Ethena: The best choice for synthetic US dollars in an on-chain encryption ecosystem.
The dust from the crust has returned to Hokkaido, Japan. The days are sunny and warm, but the nights are bone-chillingly cold. This weather pattern causes severe snow conditions known as "crust dust." Beneath the seemingly beautiful and flawless surface of the heavy snow lies ice and brittle snow. It's disgusting.
As the footsteps of winter giving way to spring quicken, I want to revisit the article "Dust on the Crust" that was published a year ago. In that article, I proposed how to create a fiat stablecoin that exists without relying on traditional banking systems, supported by human intervention. My idea is to combine the perpetual futures positions of cryptocurrency bulls and bears to create a synthetic unit of fiat currency. I named it "Nakadollar" because I envisioned using Bitcoin and XBTUSD's "perpetual" short futures contracts as a way to create a synthetic dollar.

The ENA Airdrop activity has entered its third season, and the rewards for the second season will be distributed on September 30. The rules for the third season have been adjusted: the Lock option has been removed and replaced with Stake, the points multiplier has been increased to 40 times, and new users can only Stake. The expected Annual Percentage Rate exceeds 15%. Users can flexibly adjust their participation methods.

Crypto Assets have become a new battleground in the covert war between Israel and Iran.
The confrontation between Iran and Israel has extended into the Crypto Assets field.
On June 18, 2025, Iran's largest Crypto Assets exchange Nobitex suffered a major cyber attack. A hacker group calling itself "Sparrow Hunter," which is pro-Israel, infiltrated Nobitex's systems and stole nearly $90 million in assets. The group accused Nobitex of assisting the Iranian government in evading international sanctions and funding illegal activities, and transferred the stolen funds to accounts containing anti-Iranian messages.
Hackers are also posting warnings on social media: "These cyber attacks are because Nobitex has become an important tool for the Iranian regime in violating sanctions. Collaborating with the infrastructure that violates sanctions with the Iranian regime puts your assets at risk."
This shocking hacker attack not only exposed Iran's vast Crypto Assets market, but also made people realize: this is the last remaining one globally.