1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.41%
ETH: -0.72%
BNB: -0.97%
DOGE: -3.27%
SOL: -4.31%
PEPE: -3.68%
SAHARA: 318.8%
IDEX: -3.21%
POND: -2.43%
UTK: -3.05%
24 H increase list (data source: OKX):
AIDOGE: 6.35%
SPK: 6.32%
T: 5.78%
DUCK: 4.64%
ZKJ: 4.25%
ZK: 3.83%
APT: 3.59%
HUMA: 2.74%
RUNECOIN: 2.64%
PSTAKE: 2.51%
2. Top 5 popular memes on the chain (data source: GMGN ):
fartho
sexcoi
Neuro frog
LUCY
3. 24-hour hot search currencies
farthouse: A MeMe coin developed by the FARTCOIN team, featuring humorous house themes and a relaxed community atmosphere.
Headlines
FOX Business reporter Eleanor Terrett posted on the X platform that White House digital asset policy adviser Bo Hines has confirmed that the United States is working on building infrastructure for strategic Bitcoin reserves. He said that although Trumps executive order issued in March this year did not force the Treasury Department to publish a report on the current Bitcoin (BTC) held by the US government, the US government may choose to publish it publicly. He also added that the US government is very inclined to increase its Bitcoin holdings in a budget-neutral way.
Caixin: Hong Kong tokenized ETFs will enjoy stamp duty exemption
The Financial Services and the Treasury Bureau of Hong Kong today published the Hong Kong Digital Asset Development Policy Declaration 2.0, which pointed out that the Hong Kong government will step up efforts to expand tokenization solutions, promote the tokenization of a wider range of assets and financial instruments, and demonstrate the technology in different sectors, including precious metals (such as gold), non-ferrous metals and renewable energy such as (solar panels). Diverse applications.
Hong Kong Cyberport announced the launch of the Blockchain and Digital Asset Pilot Funding Program, which aims to promote the development and testing of blockchain and Web3.0 applications. The program is now open for application, and the application deadline is August 1, 2025. Each eligible company can apply for up to 3 pilot projects, with a maximum funding of HK$500,000 for each project. The main areas of focus are: RWA tokenization, payments and stablecoins, decentralized identity recognition, social innovation and digital experience, and decentralized artificial intelligence/machine learning.
According to documents filed by Bakkt Holdings, a U.S.-listed company, with the SEC, the company may issue securities from time to time in one or more offerings. The issuance quantity, price and terms will be determined at the time of issuance, and the total issue price of the securities sold will not exceed US$1 billion.
Industry News
Dinari subsidiary receives approval to offer tokenized stock platform
A subsidiary of the US startup Dinari has completed broker-dealer registration and has been approved to provide a tokenized equity platform for blockchain stock trading in the United States. Dinari will provide stock trading services to US investors through blockchain technology. It is reported that companies such as Coinbase and Kraken are also actively exploring related businesses.
Kraken Launches All-in-One Global Currency App “Krak”
Cryptocurrency exchange Kraken launches an all-in-one global currency application Krak, which aims to fix what Kraken calls outdated traditional financial norms, combining cryptocurrency rails with the exchanges trusted network of banking relationships and payment partnerships. Users can use more than 300 assets (covering cryptocurrencies, stablecoins and fiat currencies) to make peer-to-peer fund transfers in 110 countries without having to enter bank details or crypto wallet addresses.
China Renaissance Capital Holdings Limited (stock code: 1911) issued two announcements, one on personnel adjustment and the other on major business strategy. On the personnel level, with the approval of the Board of Directors, Mr. Frank Fu Kan was appointed as an independent non-executive director, member of the companys audit committee, remuneration committee and nomination committee, and Ms. Chen Jiali was appointed as an independent non-executive director, chairperson of the audit committee and member of the nomination committee.
ASIC appoints panel to investigate ASXs failed blockchain project
The Australian Securities and Investments Commission (ASIC) has appointed a three-person expert panel to conduct a comprehensive investigation of the Australian Stock Exchange (ASX), focusing on its governance structure and risk management system. The investigation stems directly from the failure of the ASXs $163 million blockchain clearing system CHESS replacement project, which was terminated in November 2022 after seven years of development, resulting in a pre-tax loss of $170 million. The investigation team is led by former Westpac executive Rob Whitfield and includes several senior financial industry figures. It is required to submit rectification recommendations before March 31, 2026. ASX has previously been sued by ASIC for information disclosure issues in the project and paid a fine of $684,000 for violating market rules.
Project News
Web3 native fund Aqua 1 has strategically purchased $100 million worth of WLFI tokens
Web3 native fund Aqua 1 announced that it has strategically purchased the Trump family crypto project World Liberty Financial governance token WLFI worth $100 million, aiming to participate in the governance of the decentralized financial platform and accelerate the construction of the blockchain financial ecosystem. In addition, Aqua 1 also plans to set up Aqua Fund in the Middle East to promote the transformation of the regional digital economy.
Stablecoin payment company Rain has partnered with Toku to launch a stablecoin payroll system for global employers to enable instant cross-border payments. The platform supports stablecoins such as USDC, RLUSD and USDG, and plans to add more stablecoins based on demand and compliance. The related services are combined with the existing payroll system and aim to modernize the payroll process by leveraging blockchain technology.
New York judge again rejects SECs settlement request with Ripple
U.S. District Judge Analisa Torres of the Southern District of New York rejected the SECs request for a settlement with Ripple for the second time. The request proposed to reduce the fine to $50 million and revoke the permanent injunction, but the judge believed that Ripple was still likely to violate the law again and the injunction must be maintained. District Judge Analisa Torres of the Southern District of New York believes that the key point is the proposal to lift the permanent injunction, not the $50 million civil penalty (which is lower than the $125 million initially imposed by the court last year). She wrote in her ruling on Thursday that, as the SEC suggested at the time, the permanent injunction prohibits further violations of federal securities laws, because Ripple has made huge amounts of money in the process of violating the law and Ripple has an incentive to continue to violate the law, so this injunction is necessary.
Regulatory trends
Canadas banking regulator: Stablecoin regulatory framework is being developed
Canada’s banking regulator says it’s ready to regulate stablecoins and that a regulatory framework is being developed.
Wu Jiezhuang: Hong Kong Digital Asset Development Policy Declaration 2.0 can smooth out market chaos
Hong Kong issued the Hong Kong Digital Asset Development Policy Declaration 2.0, proposing four key points, including optimizing laws and regulations, and conducting public consultation on the licensing mechanism for digital asset trading and custody service providers. The Securities and Futures Commission will be responsible for licensing, registration and setting standards, and the Hong Kong Monetary Authority will supervise banks digital asset trading and custody activities.
Brazils central bank seeks public opinions on virtual asset accounting standards
According to the official website of the Central Bank of Brazil, the Central Bank of Brazil recently issued a draft regulatory resolution on the accounting recognition, measurement, cancellation and disclosure standards of virtual assets and utility tokens of financial institutions and launched a public consultation. The move aims to improve the transparency, comparability and quality of relevant accounting information. The public can submit opinions and suggestions through the official website of the Central Bank or the governments Participa + Brasil platform before August 24, 2025.
Investment and Financing
Digital asset investment platform Jarsy completes $5 million Pre-Seed financing, led by Breyer
Digital asset investment platform Jarsy has raised $5 million in a Pre-Seed round of funding led by Breyer Capital, with participation from Karman Ventures and several angel investors.
YZi Labs invests in decentralized entertainment platform MEET 48
YZi Labs announced an investment in decentralized entertainment platform MEET 48. The specific amount has not been disclosed yet. The company aims to address challenges in fan interaction through token-driven solutions.
Galaxy closes first externally raised venture fund at $175 million
Galaxy announced the completion of its first venture capital fund raising, with a total of $175 million, exceeding the original $150 million target. It focuses on investing in areas where traditional finance and blockchain meet, such as stablecoins and decentralized finance. Galaxy has deployed approximately $50 million in projects such as Monad and Ethena.
AI Trusted Identity Network Trusta.AI Completes New Round of Financing
AI trusted identity network Trusta.AI announced the completion of a new round of financing. The specific amount of financing was not disclosed. Consensys, Starknet, GSR, UXLINK ecological fund UFLY Labs and others participated in this round of financing. The funds will be used to deepen the construction of encrypted digital identity and trust networks, and promote the secure interaction between human users and AI agents in the Web3 world.
Character Voice
Coinbase CEO: We are buying more Bitcoin every week
In response to Nakamoto founder David Baileys suggestion that Coinbase needs to build a proper Bitcoin vault, Coinbase CEO Brian Armstrong responded: We are buying more Bitcoin every week. Bullish on Bitcoin.
Feds Collins: July rate cut may be too early
Boston Fed President Collins said a July rate cut might be premature and the baseline outlook was to resume rate cuts later this year, giving the Fed time to carefully assess incoming information.
Greeks.live: Traders focus on BTC price and M2 money supply correlation
Greeks.live macro researcher Adam published a Chinese community briefing, which pointed out that the group remains cautiously optimistic about the market, and generally believes that the realized volatility (RV) has not yet shown a downward trend. It is recommended that the double buy strategy can be closed to make a profit. Traders generally pay attention to the correlation between M2 money supply and BTC prices. They believe that this indicator has shown effectiveness since 2024, but there are differences in its long-term reliability. The SOL option liquidity trap has become a hot topic. Traders reported that they encountered liquidity depletion on deep in-the-money options and were unable to perform DDH hedging and position transfer operations, resulting in continuous losses in Theta decay that cannot be compensated by scalping strategies.
FOX Business reporter Eleanor Terrett wrote on the X platform, U.S. Senator Cynthia Lummis just said that the Senate will have a draft bill on the structure of the crypto market, which it hopes to publish before the August recess and review and revise in September.
