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LongbridgeAI

Golden Web3.0 Daily Report | Merger of Three Tether-Owned Crypto Companies Falls Through

CoinLive
Jul 21, 2026 at 01:49 PM
LongbridgeAII'm LongbridgeAI, I can summarize articles.

The planned merger of Tether-backed crypto firms Twenty One Capital, Strike, and Elektron Energy has been terminated, leading to CEO Jack Mallers' resignation. Concurrently, Beijing is deepening its 'AI+' action plan with support for embodied intelligence, while Microsoft expanded a billion-dollar AI infrastructure partnership with Mistral AI in Europe. Additionally, China and the US plan September talks on AI regulatory risks, and Suzhou established an AI Development Office.

DeFi data

1. Total market value of DeFi tokens: 66.7.66 billion US dollars

DeFi Total Market Cap Data Source: coingecko

2. Trading volume of decentralized exchanges in the past 24 hours: $34.99

Trading volume of decentralized exchanges in the past 24 hours. Data source: coingecko

3. Assets locked in DeFi: $770.89 billion$100 million

Top 10 DeFi Projects by Locked Assets and Total Value Locked. Data Source: defillama

NFT Data

1. Total Market Value of NFTs: $5.921 Billion

2.24-hour NFT transaction volume reached $901 millionUSD

NFT total market capitalization, top ten projects by market capitalization

NFT total market capitalization, top ten projects by market capitalization

Data Source: Coinmarketcap

Headline

Merger of Three Tether-Backed Crypto Companies Falls Through, Twenty One Capital CEO Resigns

On July 21, according to Bloomberg, the planned merger of crypto companies Twenty One Capital, Strike, and Elektron Energy has been terminated. Jack Mallers, CEO of Twenty One Capital and Strike, has resigned as CEO of Twenty One Capital, and will be succeeded by Raphael Zagury, CEO of Elektron Energy. The report points out that the three companies had previously planned to integrate their businesses with Tether's support, but now that the deal has fallen through, Zagury will manage the relevant business lines of Twenty One Capital.

      AI Hot Topics

      1. Beijing: Deepening the Implementation of the "Artificial Intelligence+" Action Plan in the Second Half of the Year, Introducing Special Support Policies for Computing Power and Datasets of Embodied Intelligence Enterprises

      On July 21, according to the Beijing News, the Beijing Municipal Bureau of Economy and Information Technology announced that in the second half of the year, it will focus on the annual key tasks of building a benchmark city for the digital economy, deeply implement the "Artificial Intelligence+" action plan, and fully unleash the new momentum of the intelligent economy. This includes: Deepening the full-domain empowerment of artificial intelligence; promoting the empowerment of new industrialization by artificial intelligence, building an artificial intelligence R&D and pilot-scale platform in the industrial field, and improving the application level of artificial intelligence in core links of industrial production; and introducing special support policies for computing power and data sets of embodied intelligence enterprises to accelerate the iteration of core technologies such as embodied large models and motion control, relying on embodied intelligence to promote industrial transformation and improve the quality of life.

      Accelerate the construction of a national (medical) artificial intelligence application pilot base, linking top-tier hospitals, research institutes, and technology companies to remove obstacles in the translation of medical intelligence from the laboratory to clinical application. Promote the application of intelligent translation and intelligent simultaneous interpretation in the cultural and tourism consumption sector, expanding the range of languages ​​and achieving software and hardware synergy. Improve the non-site intelligent supervision system for food safety, forming a complete supervision chain of intelligent early warning, remote inspection, and rapid response.

      2. Microsoft and Mistral Expand AI Cooperation, Sign Billion-Dollar European AI Infrastructure Agreement

      On July 21, Microsoft and French artificial intelligence startup Mistral AI announced an expansion of their strategic cooperation, reaching a multi-billion-dollar agreement on the construction of European AI infrastructure to enhance AI computing capabilities in Europe. Under the agreement, Microsoft will utilize Mistral's expanded European GPU infrastructure to support its cloud computing and AI services. This infrastructure will be based on thousands of NVIDIA Vera Rubin GPUs.

      ... In terms of products, Mistral Medium 3.5 and OCR 4 models are now integrated into the Microsoft Foundry platform. Mistral Medium 3.5 is also integrated into Microsoft Copilot Studio, which can be used for intelligent agent applications, document processing workflows, and industry-customized workflows. Furthermore, the two parties will expand AI deployment methods through Azure and Azure Local, supporting cloud, cloud connectivity, and fully offline environments, targeting industries with high data compliance requirements such as finance, healthcare, and manufacturing. On July 21st, according to the official WeChat account of Qianwen Big Model, the latest version of Alibaba's Qianwen Qwen 3.8-Max-Preview has been released. It is reported that this version has improved capabilities, with better front-end (WebDev) performance. 4. China and the US plan to hold AI talks in September to discuss regulatory risks of cutting-edge models. According to a Reuters report citing five sources familiar with the matter, China and the United States plan to hold talks on artificial intelligence in September to discuss the regulatory risks posed by increasingly powerful cutting-edge AI models. The sources said the US side is expected to be led by US Treasury Secretary Scott Bessenter, and both sides are still finalizing the participants, agenda, and meeting location. 5. Suzhou officially establishes an Artificial Intelligence Development Office. On July 21, Suzhou officially established an Artificial Intelligence Development Office to further coordinate the development layout of the city's artificial intelligence industry, improve the "AI+" full-chain promotion mechanism, and focus on key tasks such as pilot project construction, industrial ecosystem creation, token economy development, and the construction of the artificial intelligence OPC system.

      DeFi Hot Topics

      1. Ethereum Staking Ratio Reaches 33.9%, a New All-Time High

      On July 21, according to Token Terminal data, Ethereum's staking ratio reached 33.9%, a new all-time high.

      2. Selini Capital Unstaking 504,000 HYPE Tokens, Worth $31.7 Million

      On July 21, according to Markets Alpha monitoring, Selini Capital just requested to unstake 504,000 HYPE tokens, worth $31.7 million. This address deployed the HIP-3 Dreamcash market. After announcing the market's closure, Selini is unstaking the HYPE required to deploy and maintain the market, profiting nearly $20 million from this "investment."

      3. Circle issues approximately 750 million USDC on Solana

      SolanaFloor announced on the X platform that Circle issued approximately 750 million USDC on Solana in the past 24 hours.

      4. Robinhood Chain mainnet has accumulated nearly 120 million transactions and a TVL exceeding $262 million in three weeks

      According to real-time statistics from the on-chain data platform RobinHub, Robinhood's public chain Robinhood Chain has continued its on-chain growth momentum three weeks after its mainnet launch.

      As of now, the on-chain cumulative transaction count has reached 119.75 million, with 15.25 million blocks produced and over 1.66 million unique sending addresses; the total value locked (TVL) of the protocol has reached $262.46 million, with over 974,000 contracts deployed, 396,000 ERC-20 tokens issued, over 9,000 NFT collections, and a cumulative transaction count of 46.66 million on decentralized exchanges. 5. Base co-founder announces partnership with Coinbase to launch 1:1 fully asset-backed tokenized stocks. On July 21, Base co-founder Jesse Pollak posted on the X platform, stating that Robinhood Chain has done a great job in implementing tokenized stocks in the EVM environment. "We are lagging behind Robinhood in this area, which is frustrating. But with our partnership with Coinbase, we will soon be able to solve this problem." At that time, we will launch tokenized stocks that are 1:1 fully asset-backed (instead of the derivatives model used by Robinhood), which should allow for better scalability in terms of trust, capital efficiency, and institutional acceptance. The world's largest capital market, combined with the incredible financial programmability of the super-enhanced EVM on Base, will be a powerful combination. Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish correct investment concepts and be sure to enhance your risk awareness.

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