1. Popular CEX currencies

Top 10 CEX trading volume and 24-hour price changes:

1. GODS +39.18%
2. RPL +10.77%
3. CVX +10.41%
4. S +7.93%
5. CFX +7.53%
6. CRV +6.75%
7. BABY +6.61%
8. ZBCN +6.57%
9. CAT +4.93%
10. ULTI +4.78%

24-hour price increase list (data source: OKX):

1. ETH +1.32%
2. BTC +0.39%
3. ERA -7.94%
4. SOL -0.52%
5. XRP +0.06%
6. TRX -2.79%
7. ENA +9.56%
8. BNB -1.18%
9. DOGE -1.11%
10. SUI +0.12%

2.24 Hour Hot Search Coins

• CFX: CFX is the native token of the Conflux blockchain, a decentralized layer-1 public blockchain that allows cross-border protocol interoperability and uses a hybrid PoW/PoS consensus mechanism. It has risen approximately 7.5% over the past 24 hours.

Headlines

The Federal Reserve keeps interest rates unchanged for the fifth consecutive time

The Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations and marking the fifth consecutive meeting where it remained unchanged.

The Federal Reserve's interest rate decision process saw rare disagreements, with the statement not making clear when a rate cut might occur.

The Federal Reserve held interest rates steady on Wednesday, a rare moment of disagreement in the decision process, with the statement not specifying when a rate cut might occur. The decision was dissented by two Trump-appointed governors, Waller and Bowman, who both argued that current monetary policy was too tight. This marked the first time in over 30 years that two governors dissented from a decision. The FOMC voted 9-2 to maintain the benchmark overnight rate in the 4.25%-4.50% range, marking the fifth consecutive meeting without change.

White House proposes legislation for US taxpayers to report and pay taxes on overseas crypto accounts

The White House proposed on Wednesday that Congress consider legislation mandating that U.S. taxpayers report their overseas digital asset accounts. The Trump administration stated that this move would help prevent Americans from transferring crypto assets overseas. The policy proposal states that this policy shift would promote the development and use of digital assets in the United States and alleviate concerns that the lack of a reporting mechanism could disadvantage the United States or U.S. digital asset trading platforms. This proposal is one of several in a 168-page crypto report released Wednesday by the Digital Asset Markets Working Group, led by David Sacks, the White House director for cryptography and artificial intelligence.

Industry News

Cboe BZX and NYSE Arca propose streamlining the crypto ETF listing process

Cboe BZX and NYSE Arca have submitted a new proposal to the SEC, proposing the establishment of universal listing standards to streamline the approval process for crypto ETFs. Under current rules, exchanges are required to submit Form 19b-4 and undergo a review period of up to 240 days. If approved, eligible crypto ETFs will be directly listed without requiring case-by-case approval. Cboe stated that the proposal does not currently include quantitative criteria such as asset size, and that relevant provisions will be added later.

White House releases digital asset report: US Treasury will manage US BTC reserves

The White House released a digital asset report, which stated: The U.S. Treasury will manage the U.S. Bitcoin (BTC) reserve, which will initially come from seized BTC. The Treasury and Commerce Departments will develop strategies to accumulate more BTC, and the BTC reserve will generally not be sold.

Song Min, President of the Hong Kong Institute of International Finance, said: "The development of Hong Kong's stablecoin should be anchored in the real economy's main battlefields, such as cross-border trade."

Hong Kong's Stablecoin Ordinance will officially come into effect on August 1, 2025. Song Min, Dean of the China Central Development Research Institute at Wuhan University, stated that the emergence of stablecoins is an inevitable result of technology-driven development, but technology cannot replace regulation. China should cherish the opportunity to establish a regulatory framework, adopting a "system-first, scenario-based, and step-by-step" approach. Hong Kong's stablecoin will serve areas such as cross-border trade settlement and the on-chain integration of RWA assets, supporting the real economy. Hong Kong plays an irreplaceable strategic role in the internationalization of the RMB. The biggest breakthrough lies in cross-border trade settlement, requiring the introduction of more RMB-denominated financial products.

Telegram founder Pavel Durov is being questioned again in France over allegations of illegal content on the platform.

Telegram founder Pavel Durov was questioned by a French investigative judge in Paris on Monday regarding the platform's alleged facilitation of criminal activity. Since his detention in Paris in 2024, Durov has been repeatedly accused of links to organized crime, illegal transactions, and the dissemination of illegal content. Durov denies all charges and, through his lawyer, stated that he had explained in detail to investigators the absurdity of the facts. Since Durov's arrest, French judicial authorities have reported improved cooperation with Telegram. Durov's lawyers have challenged the constitutionality of the case and requested a preliminary ruling from the European Court of Justice.

Project News

21 Shares Submits Amended S-1 Documentation for Solana ETF to the US SEC

According to Cointelegraph, 21 Shares has submitted a revised S-1 document for the Solana ETF to the US SEC.

Binance Wallet Launches DEX Pro Mode and Limit Orders

Binance Wallet has officially launched DEX Pro, adding a new limit order feature and support for SecureAutoSign technology. This feature offers a professional trading interface, allowing users to set a target price to buy or sell tokens without prepaying gas fees, and funds remain unlocked. Users must enable SecureAutoSign authorization upon first use, which is valid for seven days.

Investment and Financing

Planet Ventures Increases Bond Offering to $6 Million CAD to Support BTC Investment Strategy

Publicly listed company Planet Ventures announced that it has increased the financing size of its convertible bond issuance from an initial C$5 million to C$6 million to support its BTC investment strategy. It is expected that Planet CEO Etienne Moshevich and strategic investors will subscribe to the entire financing. As of now, Planet Ventures holds 28.8 bitcoins on its balance sheet.

Character Voice

Bitwise Executive: Treasury Companies Solve Ethereum’s Narrative Dilemma

Matt Hougan, Chief Investment Officer of Bitwise, stated that Ethereum treasuries and holding companies have addressed Ethereum's narrative dilemma by packaging the digital asset in a way that is more accessible to traditional investors, thereby attracting more capital. In an interview, Hougan noted that Ethereum's return model has been difficult for traditional financial investors to clearly define until its native ETH token was packaged into a structure similar to a stock shell. He explained, "For the past few years, the challenge for ETH from a valuation perspective has been that Wall Street hasn't been able to find a clear answer to why it's valuable. Is it a store of value? Is it the scarcity created by the burn mechanism? Is it a source of income? Or is it staking returns? No one can say for sure. But if you take $1 billion of ETH and put it into a company and stake it, it will immediately start generating returns. And investors are very familiar with companies that can generate returns."

Ripple CTO defends XRPL's low transaction volume: Institutions tend to use digital assets off-chain rather than on-chain

The community has raised questions about the project and transparency of Ripple, the company behind the cryptocurrency XRP. KOL Andrei Jikh has cited a lack of verifiable on-chain data to support this. Ripple claims to have secured the cooperation of over 300 banks in its 13 years of operation. However, Ripple's CTO, David Schwartz, responded that the company has no issues with transparency, on-chain data, or institutional adoption, arguing that the primary reason for XRP's low transaction volume is that institutions have historically preferred to use digital assets off-chain rather than on-chain.

Matrixport: Market momentum has weakened, and Bitcoin is expected to enter a consolidation phase in August

Matrixport released a chart today, stating that the current Greed & Fear Index is nearing a high, and the slow moving average is beginning to show signs of topping. Historically, whenever this indicator is rising, Bitcoin prices typically perform strongly; however, a pullback often signals a cooling of market sentiment and calls for greater investor caution. In early July, we took a bullish stance, contrary to the prevailing consensus. However, as the market has evolved, we have shifted to a more cautious stance, anticipating Bitcoin to enter a period of consolidation in August. The latest trend in the Greed & Fear Index confirms this assessment: despite continued positive news, market momentum has weakened.

Bloomberg Analyst: The US SEC has launched a universal listing standard for crypto ETPs, with more than a dozen crypto assets eligible.

According to Eric Balchunas, senior ETF analyst at Bloomberg, the U.S. Securities and Exchange Commission (SEC) has released universal listing standards for cryptocurrency exchange-traded plans (ETPs) through a recent exchange filing. These standards require cryptocurrencies with at least six months of futures trading track records on the Coinbase derivatives exchange to be eligible for inclusion in ETPs. Currently, approximately ten crypto assets meet these criteria, consistent with market expectations of over 85% approval for major cryptocurrencies. Regarding the specific timing of approval, Balchunas stated that it could occur in September or October of this year.