According to BlockBeats, on July 28, Dutch crypto finance protocol Tori Finance announced that its institutional-grade Delta-neutral yield product strUSD had completed a $50 million pre-deposit fundraising before its official launch, reaching the limit in just 7 days.

Tori stated that strUSD offers an annualized yield (APY) of approximately 12%, derived from a global carry trade strategy long used by traditional financial institutions, rather than from the circulation of funds in the crypto market. This strategy achieves returns with low correlation to the crypto market cycle by borrowing in low-interest currencies, investing in high-interest markets, and locking in USD returns through foreign exchange hedging.

Tori founder Samed Duzcay stated that such transactions have historically been primarily handled by large institutions such as pension funds and banks, typically requiring tens of millions of dollars in capital and involving complex processes including local bank accounts, custody, taxation, and compliance approvals. Tori opens up these institutional strategies to ordinary users through on-chain tokenization.

Users can deposit USDC or USDT to obtain the synthetic US dollar asset trUSD, and then stake it to obtain strUSD. This asset is based on the ERC-20 standard, can be integrated with DeFi protocols such as Morpho, Pendle, and Curve, and can also be used as collateral for lending to further amplify returns.

Tori stated that the protocol constructs an on-chain balance sheet through zero-knowledge proofs and a trusted execution environment, with the off-chain funding situation audited in real time by the independent verification agency Accountable; digital asset investment institution RockawayX serves as the risk manager and anchor liquidity provider.

In addition, Tori smart contracts have been audited by Sherlock and Nethermind, and Hypernative has been introduced for 24/7 security monitoring. All contract upgrades are subject to a 24-hour delay mechanism.

Tori stated that its goal is to introduce the neutral yield strategy, which traditional financial institutions have used for decades, into the on-chain financial system, and to promote the integration of real yield with DeFi infrastructure.

According to BlockBeats, on July 28, both WTI and Brent crude oil prices fell by more than $0.50, currently trading at $82.28/barrel and $86.45/barrel respectively.

In terms of news, US President Trump told reporters on Monday while aboard Air Force One en route to Michigan that the US is currently engaged in "good negotiations" with Iran. Trump stated that he has "plenty of time" to address the Iran issue.

When discussing a potential agreement with Iran, he said, "It's very likely that something will happen." He also mentioned that he would ask Russia if it would provide satellite imagery to assist Iran. Trump stated that once the war is over, you will see prices drop dramatically.

According to BlockBeats, on July 28, US President Trump stated that the US "should have the lowest interest rates in the world" and accused members of the Federal Reserve Board of Governors of being "political." Trump instructed Federal Reserve Chairman Kevin Warsh to address internal issues within the Board and push for interest rate cuts.

Trump has repeatedly criticized the Federal Reserve for its high interest rates, arguing that high rates limit economic growth. This latest statement has further intensified market concerns.