#夏日创作营 Today’s Hot Topic: Whales’ cash reserves expected to meet targets, plus a rebound in futures market funding—two key positive signals for the crypto market!

A JPMorgan analyst report said that although spot Bitcoin ETF flows have been volatile and choppy, Strategy has increased its dollar cash reserves from $2.55 billion to $3 billion, which can cover 20 months of preferred stock dividends—greatly easing concerns about forced selling of BTC. Meanwhile, Bitcoin futures funding has turned into positive inflows; these two developments together form a bullish signal for the Bitcoin market. Net inflows for related leveraged ETFs have continued for seven consecutive weeks, further supporting their share prices not falling below the net asset value of their Bitcoin holdings.

The U.S. military launched multiple rounds of airstrikes targeting communication towers in Iran’s Abas Port, railroad junctions, Shaher Airport, and multiple bridges in the Hormozgan province. Power outages occurred in the port area. The attacks have reportedly resulted in 2 deaths and 6 injuries. Transportation and infrastructure around the Strait of Hormuz were damaged, significantly raising geopolitical risk in the Middle East.

Base sets aside funding + technical resources to support startups, with stablecoins and emerging-market finance as key focus areas
Base ecosystem fund released a developer support program, offering funding, technology, and ecosystem resources to projects in the Pre-Seed and Seed stages. It focuses on six tracks: RWA asset tokenization, stablecoins for emerging markets, on-chain credit, prediction markets, institutional-grade on-chain finance, and business deployment of AI Agents. It also supports the tokenization of commodity SKUs in parallel. The goal is to build always-on global on-chain finance infrastructure, and startup teams in the relevant tracks can apply for support.

1confirmation founder Nick Tomaino posted an analysis of two groups in the crypto industry: the long-term value-belief camp focuses on solid infrastructure but lacks market traffic, while the traffic-chasing camp is good at attracting speculative users but lacks long-term execution value. He said participants should not underestimate the Degen speculative group; separating them into opposing camps will only lead to bad capital arbitrage. The industry’s long-term development requires the two groups to mutually integrate and transform each other, eventually leading to an outcome determined by the game between both sides.

SEC pushes for full online disclosure to improve information exchange efficiency, prompting a comprehensive rebuild of broker and fund compliance workflows
The U.S. SEC has released a proposed new rule under Regulation E-Delivery. Default electronic channels will be used to deliver securities information, without requiring investors to pre-approve, while preserving users’ right to apply for paper documents. The rule covers all core disclosure materials, including prospectuses and fund annual reports, as well as trade confirmations and other key disclosures. It is paired with a transition period that includes two paper notification arrangements. After the proposal is published, a 60-day public comment period will begin; this move will greatly improve the efficiency of information transmission in capital markets.

Two assists in the semifinals turned the tide; prediction markets broadly back Messi to win the 2026 World Cup Golden Boot
PPP prediction data shows that on the shturlcc/n platform, Messi’s probability of winning the 2026 World Cup Golden Boot has risen to 65%, with a 15% increase over the past 24 hours. Mbappé is second at 36%. Kane, who was eliminated in the semifinals, has a probability of only 1%. In the match where Argentina beat England 2-1, Messi recorded 2 assists. He now has 8 goals and 4 assists. Compared with Mbappé’s 8 goals and 3 assists, assists have become the key factor in the Golden Boot race, keeping the award suspense alive until the final.

Asset management institutions assess that the Fed is likely to hold steady; inflation outlook remains full of uncertainty

Federated Hermes fund manager Karen Manna released a report, judging that the Fed will most likely keep interest rates unchanged. Inflation is currently the most difficult macro indicator to predict. Although old inflation factors such as supply-chain imbalances have eased, variables like new tariffs, high oil prices, and large AI capital expenditures continue to disturb prices. The pace of inflation decline may see periodic reversals, and the Fed will continue to set monetary policy based on the data.