[Bitu Daily News Selection] The listed company DDC Enterprise announced a strategic cooperation intention of 100 million US dollars in Bitcoin with Animoca Brands; Musk's xAI intends to raise a new round of financing, with a target valuation soaring to 200 billion dollars; Upexi announced the completion of 200 million dollars in financing to increase its holdings of SOL; Fed's Goolsbee warns: the latest tariff threats may delay the interest rate cut process.

Daily Web3 news selected for you by the Bitu editor:

[Public Company DDC Enterprise Announces Strategic Cooperation Intention of 100 Million USD in Bitcoin with Animoca Brands]

According to Bitpush news, DDC Enterprise, a company listed on the New York Stock Exchange, announced that it has signed a non-binding memorandum of understanding with Animoca Brands to develop and implement strategies that maximize the returns on the Bitcoin assets of Web3 leaders while managing associated risks.

Animoca Brands will entrust up to 100 million dollars in Bitcoin to DDC for the implementation of a yield enhancement strategy. Additionally, Animoca Brands co-founder Yat Siu will join the Bitcoin Vision Committee established by DDC. DDC announced last month that it had reached a financing agreement of 528 million dollars.

[Musk's xAI plans a new round of financing, targeting a valuation soaring to $200 billion]

According to reports from Bi推消息 and the Financial Times citing informed sources, Elon Musk's artificial intelligence company xAI is preparing for a new round of financing, with the company's valuation possibly reaching $200 billion, a tenfold increase from early last year. This financing is currently under discussion and may officially start as early as next month, marking the company's third large-scale stock sale in less than two months. In July, the company raised $10 billion through loans and cash investments, and in June, it sold $300 million in stock through a secondary stock offering. This deal will also solidify the rapid rise in xAI's valuation. In May 2024, xAI's valuation in the Series B financing was $18 billion.

[Upexi announces completion of $200 million financing to increase SOL holdings]

According to BitPush news, Upexi, Inc. ( Nasdaq: UPXI) announced the completion of two rounds of financing, totaling 200 million dollars. The company raised approximately 50 million dollars through a private placement of common stock at a price of 4 dollars per share; at the same time, it issued 150 million dollars in convertible bonds with an annual interest rate of 2%, maturing in 24 months, with a conversion price of 4.25 dollars per share.

This financing will significantly enhance Upexi's holdings of Solana(SOL). It is expected that after the transaction is completed, the company will hold approximately 1.65 million SOL, more than doubling the previously disclosed 735,000 SOL. A portion of the proceeds from the stock issuance will be used for the company's existing business operations and general corporate purposes, while the remaining funds will be invested in the Solana treasury strategy. In the coming weeks, the company plans to continue increasing its holdings of SOL.

[Federal Reserve's Goolsbee Warns: Latest Tariff Threats May Delay Rate Cuts]

According to Bitpush news, Chicago Federal Reserve Chairman Goolsbee stated that the latest tariff measures announced by President Trump have once again muddied the inflation outlook, making it more difficult for him to support the interest rate cut policy that Trump strongly advocates.

Gursby revealed in an interview on Friday that over the past few months, concerns about tariffs driving up prices have significantly eased due to Trump suspending the proposed high bilateral tariff plan from April, which originally paved the way for the Federal Reserve to lower interest rates again soon. However, the latest round of tariffs—including a 35% tariff on certain Canadian imports starting August 1 and a 50% tariff on Brazilian goods—may reignite inflation worries, forcing the Federal Reserve to remain on the sidelines until the situation becomes clearer. "I hope the business community does not respond with 'this puts us back in the situation we were in on April 3,' but it's still hard to determine the extent of the impact at this point," he admitted.

[Bloomberg claims Binance assisted WLFI in writing USD1 code, CZ accuses the former of false reporting]

According to reports from three informed sources cited by Bloomberg on Friday, Binance had helped WLFI create the basic code for (, promote the USD1 stablecoin, and played a role in its largest transaction before seeking a pardon for CZ.

In response, CZ stated that the Bloomberg article was sponsored by competitors and contained multiple factual errors.

[U.S. Financial Regulator Responds to Powell's Rumored Resignation: It Would Be the Right Decision]

According to BitPush news, on Friday local time, the Director of the Federal Housing Finance Agency, Pulte, commented on rumors that Federal Reserve Chairman Jerome Powell is considering resigning, stating, "Reports have indicated that Jerome Powell is considering resigning, which encourages me. I believe this would be the right decision for the United States, and the economy would thrive as a result."

In response, analyst Adam Button stated, "This is a strange statement because it suggests that there are reports that Powell is considering resigning, but I can't find any such reports. Even more puzzling is that Pulte has long been posting on social media that Powell should resign and even predicted this statement in advance—despite the fact that the so-called 'reports' cited in the statement are completely unsubstantiated. It is currently impossible to determine the true intent behind this, but it is worth noting that the financial markets seem to have reacted to it at all."

【Tether will stop supporting USDT on networks like EOS and Algorand on September 1】

According to Bitu's news, Tether will stop supporting USDT on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand on September 1, 2025, according to an official announcement. The announcement states that this move is part of a broader effort to optimize infrastructure, align with community usage trends, and refocus resources on high-utility, actively developed blockchains.