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Tether Enters Saudi RWA Market, Hadron Platform Drives Tokenization of Institutional Real Estate Assets

Odaily News Stablecoin issuer Tether has announced that its asset tokenization platform Hadron will provide real estate asset tokenization technology for institutional investors in Saudi Arabia, bringing traditional real estate assets on-chain.Tether stated that it will collaborate with local Saudi partner First Data and fintech company BKN301 to provide institutional clients with infrastructure support for the issuance, management, and digitalization of real estate assets. In the future, this model could expand to other real-world asset (RWA) sectors such as energy and infrastructure financing.This move is Tether's latest initiative to expand from its stablecoin business into the real-world asset tokenization space. Tether launched the Hadron platform in 2024 to streamline the asset tokenization process, and is currently one of the world's largest issuers of tokenized gold assets, with its gold token XAUT reaching approximately $2.6 billion in size.In recent years, banks and asset management institutions have been exploring the tokenization of traditional assets such as money market funds, private credit, real estate, and equities on blockchain to improve settlement efficiency, broaden investor reach, and optimize capital utilization. Citigroup previously forecast that the tokenized securities market could reach $5.5 trillion by 2030.Saudi Arabia is actively exploring the application of blockchain technology in financial services, government, and supply chains as part of its economic diversification strategy under Vision 2030.Tether CEO Paolo Ardoino stated that with the digital transformation opportunities brought by Vision 2030, Saudi Arabia is an ideal market to demonstrate the value of the Hadron platform. (CoinDesk)

Spark Protocol Releases 2026 Q2 Financial Report: Distribution Revenue Hits Record High, Net Surplus Declines Quarter-over-Quarter

According to Spark's official report, Spark Protocol released its financial report for the second quarter of 2026. Quarterly total protocol revenue reached $40.6 million (QoQ +29%), net protocol revenue $4.31 million (QoQ -38%), and net protocol surplus $710,000 (QoQ -79%). Distribution rewards became the largest net revenue source this quarter at $4.53 million, with sUSDS contributing $2.63 million to rank first. The average deployed capital of Spark Liquidity Layer (SLL) increased to $2.56 billion, but dragged down by narrowing DeFi lending spreads and capital costs from Spark Savings USDT market expansion, SLL net revenue recorded -$810,000, with the capture spread dropping from 0.64% in Q1 to -0.13%. SparkLend USDT balance reached $528 million at the end of the quarter, becoming one of the largest USDT lending platforms on Ethereum. The protocol treasury balance at the end of the quarter was $48.5 million, with $1.31 million worth of SPK token buybacks completed during the quarter. Despite facing spread compression pressure, the protocol remained profitable every month this quarter.

Tether's Hadron Partners with Two Saudi Enterprises for Strategic Collaboration to Advance Institutional-Grade Real Estate Tokenization

Odaily News Tether officially announced that its asset tokenization platform, Hadron by Tether, has reached a strategic partnership with Saudi fintech company First Advanced Data for Artificial Intelligence (First Data) and BKN301. The collaboration will leverage Hadron as the core technology platform to drive the tokenization of institutional-grade real estate assets in Saudi Arabia.Under the terms of the agreement, First Data will act as the issuer of tokenized real estate assets and manage primary market operations; Hadron will provide asset issuance, management, and full lifecycle infrastructure; BKN301 will handle banking system integration, payments, compliance, and operational integration. Tether stated that this project aligns with Saudi Arabia's "Vision 2030," and future business is expected to expand into other real-world asset (RWA) sectors such as energy and infrastructure.

Bybit Dual Asset Investment Product Adds Four xStocks Tokenized US Stock Underlying Assets

Bybit announced that its Dual Asset investment product has added four xStocks tokenized US stock underlying assets: METAx, TSLAx, HOODx, and CRCLx. Currently, Bybit Dual Asset supports the 10 most popular xStocks on the Bybit platform, providing users with a richer selection of tokenized US stock structured investment options. The newly added underlying assets cover popular sectors such as artificial intelligence, smart electric vehicles, fintech, and stablecoins, further enriching users' options for allocating yield strategies around different market themes. Dual Asset is a non-principal-protected structured yield product launched by Bybit. Users can independently select the underlying asset, target price, and investment term based on their judgment of the future price trend of the underlying asset, earning potential returns while maintaining market views. The product supports three investment terms: 8 hours, 1 day, and 7 days, with a single subscription amount ranging from 30 to 200,000 USDT. At maturity, the system will settle in the corresponding asset based on the performance of the underlying asset price relative to the target price and pay the agreed yield to the user. This product is suitable for users who wish to generate potential returns in range-bound markets, or who wish to buy or sell target assets at ideal prices. With the addition of these four underlying assets, Bybit Dual Asset provides users with more opportunities to construct yield strategies around popular US stocks.

Bybit Launches HYPE Options, 70,000 USDT Prize Pool Waiting to Be Unlocked

Bybit officially launches HYPE options trading pairs. To celebrate the launch, Bybit introduces a limited-time campaign with a total prize pool of up to 70,000 USDT. Trading offers a chance to win generous rewards; the higher the trading volume, the greater the rewards. The campaign runs from today until September 6, 2025. Users trading HYPE options can share the 70,000 USDT prize pool. Both new and experienced users can participate with accessible entry requirements, featuring triple rewards from tasks, lucky draws, and trading competitions. Users simply need to log in to their Bybit account, navigate to the event page, select HYPE options to trade, and complete trades during the campaign period to participate in sharing the prize pool.

Gate Pre-IPOs to Launch Moonshot AI (KIMI), Supporting Dual-Currency Subscription and 100% Unlock

Odaily News - According to an official announcement, global digital asset trading platform Gate will launch the third phase of Pre-IPOs project subscriptions, focusing on AI enterprise Moonshot AI, offering KIMI asset certificate subscription services.The KIMI asset certificate is a Mirror Note designed based on changes in the enterprise value of Moonshot AI. The subscription period runs from 15:00 on August 11, 2026, to 15:00 on August 13, 2026 (UTC+8), with a subscription price of $105-$115 per share (subject to final pricing results). The project's implied market value is approximately $50 billion, supporting subscription in both USDT and GUSD, with GUSD subscriptions additionally earning a 3.8% yield on demand U.S. Treasury bonds.After the subscription concludes, KIMI asset certificates will be fully unlocked and distributed at 15:00 (UTC+8) on August 17, with dedicated market trading opening approximately one month after distribution. Trading fees on the dedicated market are 0.5% maker fee and 1.5% taker fee. Additionally, this project charges a 5% underwriting service fee. Should excess returns be generated in the future, a 20% performance fee (Carry) will be charged on the profitable portion.The launch of the Moonshot AI (KIMI) project marks an important step in Gate's continued exploration of AI, RWA, and innovative asset service scenarios. Going forward, Gate will continue to expand more diverse asset participation channels, driving further integration between the digital asset ecosystem and traditional financial markets.

JUST Releases GasFree July Data: Monthly Transfer Volume Exceeds $13.4 Billion, Users Surpass 399,000

JUST released the GasFree data report for July. As a tool to simplify the transfer experience within the TRON ecosystem, GasFree allows users to pay transaction fees directly with USDT in their wallets, enjoying smooth on-chain transfer services without extra steps. In July, the platform completed 784,000 GasFree transactions, with a monthly transfer volume reaching $13.42 billion, and the cumulative user base exceeded 399,000. The continuous growth in real usage scenarios validates the value of GasFree in lowering the barrier for on-chain operations. In the future, GasFree will continue to deepen its focus on convenient transfer services, allowing more users to enjoy a seamless experience.

Gate CFD trading volume ranks first across the entire network, with diverse trading modes and user benefits activating growth momentum

Odaily News - As expectations for de-escalation in the Middle East continue to rise, the market is keeping a close eye on progress in peace negotiations. Gold prices have shown resilient upward momentum, which has also driven growing investor interest in multi-asset CFD products. According to data from the Gate platform, the Gold CFD (XAUUSD) rose 0.13% in 24 hours, reaching a daily high of $4,304.09. Meanwhile, gold-related assets have performed actively, with GDX gaining 7.48% and GLD up 4.12%. Driven by these popular underlying assets, Gate CFD trading activity has climbed accordingly, with weekly trading volume surpassing $200 billion—ranking first across the entire network.Currently, Gate CFD covers 600+ assets spanning stocks, metals, forex, indices, and commodities, and has launched metal perpetual contracts, index perpetual contracts, and commodity perpetual contracts. These products support 7×24-hour trading with USDT settlement, establishing Gate CFD as a key component of Gate's multi-asset trading ecosystem. In parallel, Gate has introduced the TradFi CFD Masters Competition, whose diverse campaigns provide users with more varied trading participation scenarios and reward opportunities, further boosting user engagement and market visibility for Gate CFD.

Huobi HTX has launched BLESS perpetual contracts.

According to the official announcement, HTX listed the BLESS/USDT perpetual contract on August 6, supporting 1-10x long and short positions. Meanwhile, from now until 15:00 on August 11 (UTC+8), HTX is launching a new coin perpetual contract trading competition. Users who complete registration, participate in perpetual contract trading for the participating tokens, and meet the specified thresholds will have the opportunity to share a total prize pool of 1 billion $HTX tokens.

Upbit Will List CAP KRW, BTC, and USDT Trading Pairs

According to the official announcement, Upbit will list CAP trading pairs against KRW, BTC, and USDT.

BlackRock's Tokenized Reserve Fund Receives S&P Global Ratings' Highest Principal Stability Rating

Odaily News S&P Global Ratings on Monday awarded BlackRock's new tokenized money market fund, the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), an "AAAm" rating, its highest principal stability fund rating. The rating is based on investment and counterparty credit quality, maturity structure, and management's ability to maintain a stable net asset value. S&P Global Ratings stated that it found no weaknesses in BlackRock Advisors' management and organization, credit research and analysis, risk management, or compliance. It also noted that the fund's tokenization framework demonstrates operational resilience, employing a permissioned architecture that restricts transactions to whitelisted wallets to mitigate network, smart contract, and blockchain network risks. BRSRV launched Monday as an open-end management investment company, aiming to make its shares eligible as qualifying reserve assets for payment stablecoin issuers under the GENIUS Act. The fund will hold cash, U.S. Treasuries with maturities of 93 days or less, and overnight repurchase agreements collateralized by Treasury instruments, maintaining a weighted average maturity of no more than 60 days and a weighted average life of no more than 120 days. In a separate stablecoin stability assessment summary published Tuesday, S&P Global Ratings stated that six of the 11 stablecoins it covers possess "sufficient" or stronger capacity to maintain their fiat peg. USDT remains at Level 5 "weak," with TUSD and USDe also at Level 5; USDC, EURC, USDG, and USDP are rated Level 2 "strong."

Gate Multiple Campaigns Open Simultaneously: GUSD Flexible Savings Combined with Launchpool Yields Up to 7.30% APR

Odaily News According to official sources, Gate's GUSD product has been fully upgraded. Users holding GUSD can enjoy an annualized yield of 3.8%,with support for flexible deposits and withdrawals, 1:1 lossless redemption in the original subscription currency, and zero redemption fees. Meanwhile, Gate Launchpool is simultaneously opening SPCX and SLX staking pools. Among these, the total value of flexible staking in the SPCX GUSD pool has approached 66.38 million GUSD, with a staking APR of 3.50%. Combined with the 3.8% base annualized yield from GUSD flexible savings, the total annualized yield reaches as high as 7.30%.In addition, Gate is running multiple wealth management and reward campaigns in parallel. Dual rewards for deposits and trading: From 14:00 on August 3 to 14:00 on August 10, 2026 (UTC+8), deposit 100 USDT to receive 100 USDT, and trade to earn an additional 0.1 ETH. Exclusive VIP boost for Gate's余币宝 (Flexible Savings): USDT fixed-term wealth management yields have been fully upgraded, with 7-day and 30-day annualized yields increased to 3.8% and 4.0%, respectively. Quotas are limited and available on a first-come, first-served basis. High-yield campaign for USD1 holders: Starting from 00:00 on July 29 (UTC+8), users holding USD1 in their asset accounts can earn up to 8% annualized yield. Campaign rewards will be distributed daily in the form of WLFI to eligible user accounts.As the product ecosystem and reward framework continue to evolve, Gate will keep enriching users' asset yield scenarios, delivering a digital asset management experience with higher returns and lower barriers.

Bitget Launches New Round of Global Fan Story Collection Campaign, Total Prize Pool Up to 50,000 USDT

Bitget announces the launch of a new global community event "Fan Story Collection". From now until August 31, users can post text, images, or videos on social platforms such as X, sharing their experiences of growing together with the Bitget community, or their authentic experiences of using rToken to trade US stocks for the first time. Participating content must include the hashtag #BitgetFanStory, and entries must be submitted via the official form to participate in the selection.

Huobi HTX has listed UNITREE perpetual contracts.

According to the official announcement, HTX listed the UNITREE/USDT perpetual contract on August 5, with a maximum leverage of 10x.

Upbit 将上线 GRVT 韩元、BTC 及 USDT 交易对

据官方公告,Upbit 将上线 GRVT 韩元、BTC 及 USDT 交易对。

Bitget has listed 5 stock perpetual contracts including PepsiCo PEP, GlobalFoundries GFS and more

According to the official announcement, Bitget has listed 5 stock and ETF perpetual contracts: PEP (PepsiCo), BKNG (Booking Holdings), SSPC (2x Short SPCX ETF), SPCH (2x Long SPCX ETF), and GFS (GlobalFoundries). The above contracts are all settled in USDT, supporting up to 20x leverage and 7×24 hour trading. For more details, please refer to the official Bitget platform.

Bitget CandyBomb: Trade Any Coin to Unlock 20,000 USDT

Bitget has launched a new round of CandyBomb, with a total prize pool of 20,000 USDT. This event is exclusive to new futures users, and the participation period is from August 4 to August 14. During the event, users can unlock corresponding candies by completing net deposit and futures trading tasks, with a maximum of 150 USDT per user. Detailed rules have been published on the Bitget official platform. Eligible users must click "Join Now" to complete registration before participating.

Coinbase, Visa, and Mastercard Say Open USD Is Not a Replacement for USDC

Odaily News: Following the launch of Open USD, concerns arose in the market that it could directly challenge Circle's USDC, leading to a loss of billions of dollars in Circle's market value. Executives from Coinbase, Visa, and Mastercard stated that the companies are advancing a multi-stablecoin, multi-chain strategy, positioning Open USD as an additional network rather than a replacement for USDC. Analysts noted that several Open USD partners have so far made only lightweight commitments, and that project execution capabilities, along with the existing liquidity of USDC and USDT, will be more critical than the scale of the Open USD alliance.

Gate launches UNITRE (Unitree Robotics) perpetual contract pre-market trading

Odaily News: According to official sources, Gate has launched UNITREE (Unitree Robotics) perpetual contract pre-market trading (USDT-settled), supporting 1-10x leverage.UNITREE (Unitree Robotics) is a global leader in legged and humanoid robots, and is the first company in the world to commercialize high-performance quadruped robots for large-scale retail sales.

OneBullEx Launches TradFi Perpetual Contract Position Holding Incentives, Total Prize Pool Up to 40,000 USDT

OneBullEx announces the launch of a TradFi perpetual contract position incentive campaign. The campaign period is from August 4, 18:00 to August 19, 18:00 (UTC+8), with a total prize pool of 40,000 USDT in contract trial funds. The campaign covers TradFi USDT-margined perpetual contracts including tech stocks, indices, and gold. After completing registration, users can receive rewards based on their daily average position value. The applicable reward rate is unlocked jointly by the total average position size of all registered users, with a maximum annualized reward rate of 21%. Of this, 35,000 USDT is allocated for position rewards; another 5,000 USDT is for new user first-trade bonuses. New users who have never completed contract trading on OneBullEx prior to registration can receive 10 USDT in contract trial funds if they complete a net deposit of no less than 100 USDT into their contract account during the campaign period and achieve 5,000 USDT in valid trading volume for designated TradFi contracts, limited to the first 500 users. The maximum annualized reward rate is calculated based on the maximum 50x leverage supported by designated contracts and the actual margin occupied, and does not constitute fixed income or a promise of returns.