The Hong Kong Monetary Authority strictly controls stablecoins, and the approval process for US encryption ETFs may be simplified. There has been a surge in low-priced Bitcoin purchases.

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Crypto Assets Industry Today News Overview

Macroeconomic Policy

The Hong Kong Monetary Authority has issued guidelines requiring stablecoin issuers to strengthen VPN risk management. The Bank of Japan has maintained its interest rate at 0.5%. US exchanges have submitted a proposal to simplify the listing approval process for Crypto Assets ETFs, with Solana and XRP ETP expected to launch within the year. Trump announced a new trade agreement with South Korea, including $350 billion in investments and a 15% tariff.

Market Dynamics

The spot trading of Bitcoin has increased by 9.7% within 30 days, falling below $10,000, indicating a rebound in retail demand. NFT sales in July reached $574 million, marking the second highest in the year. 250 coins were transferred from 5 wallets from the Satoshi Nakamoto era. Ethena's TVL surged by 50% to $8.5 billion within a month.

Project Progress

Binance Alpha has launched multiple new tokens and introduced an airdrop event. DoubleZero has initiated a staking pool of 3 million SOL. Coinbase will list ResearchCoin and Bio Protocol. Kaia's native USDT supports cash exchange at ATMs in tourist locations in South Korea.

Institutional Dynamics

The Ether Machine purchased nearly 15,000 ETH, with $407 million in available funds. SharpLink Gaming bought an additional 11,259 ETH, bringing its total holdings to 449,000. The publicly listed company xTAO holds $16 million in TAO tokens.

Financing Acquisition

Starroad Technology completes nearly ten million dollars in Series A financing, with participation from Solana Foundation and others. Web3 game Aria secures 5 million dollars in funding.

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PancakeFlippavip
· 29m ago
Don't say it, I've been trapped again.
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GhostChainLoyalistvip
· 08-12 08:40
Retail investors are back again.
View OriginalReply0
wrekt_but_learningvip
· 08-12 08:32
Are retail investors suckers or smart people?
View OriginalReply0
ContractExplorervip
· 08-12 08:23
Retail investors are always suckers.
View OriginalReply0
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