Crypto Assets Market Dynamics

Today's Headlines

• Kazakhstan plans to establish a national Crypto Assets reserve managed by a central bank affiliate.

• Robinhood launches its own blockchain, Robinhood Chain, and introduces "stock tokens" in the EU.

• Circle applies for a US banking license to custody USDC reserves

• The XRP Ledger has launched an EVM sidechain on the mainnet, supporting developers to build cross-chain applications.

• Strategy invested approximately $531.9 million last week to increase its holdings by 4,980 coins of Bitcoin.

• The Trump family's related crypto asset project American Bitcoin raised $220 million for Bitcoin mining.

Macroeconomics and Regulation

The Central Bank of Kazakhstan has stated that it plans to establish a national Crypto Assets reserve, funded by digital assets seized from cases and tokens mined from state-owned mines. This reserve will be managed by an agency affiliated with the central bank, operating under a sovereign wealth fund model.

The U.S. Senate rejected the "Ending Corruption in the Crypto Assets Space" amendment, which aimed to prohibit elected officials from promoting Crypto Assets for personal gain.

The Malaysian Securities Commission has proposed a series of regulatory improvements and plans to comprehensively reform the rules for Crypto Assets trading.

Federal Reserve's Bostic stated that he still expects one rate cut this year and three rate cuts next year.

U.S. Treasury Secretary Becerra stated that stablecoin legislation may be completed by mid-July.

The U.S. Supreme Court rejected the request to protect Coinbase user data from IRS scrutiny.

The U.S. SEC has delayed its decision on Bitwise's Ethereum ETF staking proposal and initiated a new round of review.

Project Updates

Fragmetric announces that the first quarter airdrop collection and $FRAG staking feature are now live.

Guoxiong Capital plans to invest 200 million yuan to lay out in the Web3.0 and Crypto Assets fields.

Hong Kong stock company Pioneer Pharma Biotechnology plans to acquire all shares of Conflux to expand its blockchain business.

Osmosis announced a plan to adjust the OSMO economic model over the next six months, aiming to achieve a more sustainable ecosystem.

Germany's largest banking group Sparkassen plans to provide retail investors with Crypto Assets trading services, including BTC and ETH.

Trusta.AI officially released the $TA token economic model, with 3% allocated for airdrops.

Polyhedra launches the Phoenix Revival plan, with the mainnet of the privacy stablecoin project set to launch in September.

The official Trump merchandise store now supports payments using $TRUMP coin.

The Sui Foundation announced the winners of the Sui Overflow 2025 hackathon.

The Katana mainnet is officially launched, and a 1 billion KAT token incentive program has been initiated.

Circle applies for a US banking license to custody USDC reserves.

Coinbase international site will launch Sahara AI and Maple Finance perpetual contracts.

The XRP Ledger has launched an EVM sidechain on the mainnet.

Zhao Changpeng stated that in 2023 he had requested to place Bitcoin advertisements on the Sphere in Las Vegas.

Kraken has provided 60 tokenized US stocks to non-US users.

Paxos has launched the stablecoin USDG for EU users in accordance with the MiCA framework.

The South Korean exchange Upbit has partnered with the search engine Naver to develop a stablecoin payment project based on the Korean won.

Australian exchange Swyftx will acquire the digital asset brokerage firm Caleb & Brown for approximately $65.8 million.

Binance Alpha launches BUGSCOIN, and BGSC airdrop can be claimed.

Institutional Holdings

The London-listed company Anemoi has increased its Bitcoin investment ratio from 30% to approximately 40%.

Japanese game company CyberStep plans to invest 1 billion yen in Crypto Assets investment.

NASDAQ-listed company LGHL announced that it has accumulated $5 million worth of HYPE, SOL, and SUI.

BitMine announced a private placement of $250 million and launched an Ethereum financial strategy.

Strategy invested about $531.9 million last week to increase its holdings of 4,980 coins of Bitcoin.

Expert Opinions

Analysis indicates that Bitcoin's average increase in July was 9.1%, and it may challenge the $116,000 mark in the coming weeks.

The Bitfinex Alpha report states that BTC usually performs weakly in Q3, with an average return rate of 6%.

Goldman Sachs expects the Federal Reserve to start cutting interest rates in September and to lower them three times in a row.

Mining News

The Trump family's related encryption currency project American Bitcoin raised $220 million for Bitcoin mining.

Important Data

• The 24-hour trading volume of USD1 has surpassed USDC for the first time, reaching a historical high of 3.37 billion USD.

• The Bitcoin mining difficulty was adjusted down by 7.48% to 116.96 T yesterday.

• The total net inflow of Bitcoin spot ETFs yesterday was $102 million, continuing a 15-day net inflow.

• A giant whale redeemed and transferred over 68,000 ETH to CEX within 3 weeks, worth approximately $165 million.

• The Move Foundation's reserve wallet received 45 million $MOVE from Binance, currently holding 168 million coins.

• The government of the Kingdom of Bhutan deposited 137 BTC to Binance, worth 14.77 million USD.

• A certain whale is suspected of unstaking and withdrawing 95,920 ETH through two wallets, worth $237 million.