1. Popular CEX currencies
Top 10 CEX trading volume and 24-hour price changes:
- BTC: -4.42%
- ETH: -3.04%
- SOL: -4.2%
- DOGE: -7.98%
- BNB: -1.09%
- PEPE: -8.92%
- ADA: -0.3%
- SUI: -5.98%
- XRP: -6.3%
- UNI: -9.04%
24-hour price increase list (data source: OKX):
- MENGO: 49.55%
- PSTAKE: 18.91%
- SD: 16.84%
- LOOKS：10.27%
- J：7.36%
- POLYDOGE: 3.4%
- OMI: 3.14%
- CORE：2.72%
- XCH: 2.44%
- ZBCN: 2.35%
2. Top 5 popular memes on the chain (data source: GMGN ):
- MRBEAST
- BROWNH
- Billie
- USAi
- fatgir
3. 24-hour hot search currencies
MRBEAST (MrBeast FUND) is a community-driven "fan-inspired" token based on the Solana chain. It is named after YouTube celebrity Jimmy Donaldson (MrBeast) and focuses on hardcore geek style.
Headlines
Norway's sovereign wealth fund doubles its Bitcoin exposure
Data from cryptocurrency research firm K33 Research shows that Norway's sovereign wealth fund, the world's largest state-owned wealth fund, increased its indirect Bitcoin exposure by 192% last year. The fund indirectly holds 7,161 Bitcoins through its portfolio, which includes holding companies Strategy and Metaplanet, as well as the cryptocurrency exchange Coinbase. Norway's increased Bitcoin holdings reflect a broader trend: as the world's first cryptocurrency gradually integrates into the traditional financial system, sovereign wealth funds are gaining indirect exposure to Bitcoin through Bitcoin investment vehicles and corporate proxies.
BNB Network Company announces an increase of 88,888 BNB
Nasdaq-listed BNB Network Company (BNC) announced that it has increased its holdings of 88,888 BNB tokens, following the 200,000 BNB tokens it acquired earlier this week. This increase marks another step towards BNB Network Company’s publicly stated goal of holding 1% of the total BNB supply by the end of 2025.
Coinbase announces completion of acquisition of Deribit
Coinbase announced that it has completed the acquisition of cryptocurrency options exchange Deribit, bringing Coinbase closer to offering a full range of trading products, including spot, futures, perpetual contracts and options.
Industry News
According to US SEC filings, Abu Dhabi's sovereign wealth fund, Mubadala, held 8,726,972 shares of IBIT as of June 30th, with a market value of approximately $534 million. This holding remained unchanged since the previous filing in May. Separately, in a new filing, Al Warda Investments disclosed holding 2,411,034 shares of IBIT as of June 30th, with a market value of approximately $147.5 million.
Alt 5 Sigma: 30 million USD 1 has been minted on Solana
Alt 5 Sigma announced that it has minted 30 million USD 1 coins on Solana, aiming to lay more infrastructure channels for the global adoption of USD 1.
Ark Invest bought over 2.5 million shares of Bullish on its first day of trading.
Ark Invest bought over 2.5 million shares of Bullish (BLSH) on its first day of trading on the New York Stock Exchange, distributed across three ETFs: ARKK, ARKW, and ARKF. The holdings are valued at over $170 million. Bullish's stock price surged over 22% today, pushing its market capitalization above $12 billion.
Robinhood applies for Dubai license, seeking expansion in the Middle East and North Africa
According to financefeeds, Robinhood is taking steps to expand into the Middle East and North Africa (MENA) market. The company has applied for a license from the Dubai Financial Services Authority (DFSA), which would allow it to legally offer foreign exchange and other trading services in the UAE. To facilitate this initiative, Robinhood has appointed Mario Camara, a senior executive with both financial services licenses and operational experience, to lead its Dubai operations.
Project News
Lido's share of the Ethereum staking market has dropped to 24.4%, a record low. In contrast, Figment has the largest number of new staking users in the past month, with approximately 344,000 new staking users, currently accounting for 4.5% of all staked ETH.
Cookie DAO announced on the X platform that Cookie Snaps has been listed on Velora, and a total of $350,000 worth of VLR tokens have been distributed to platform users, of which $280,000 worth of VLR tokens are distributed to the top 500 users of the Snaps list, and another $70,000 worth of VLR tokens are distributed to Cookie token stakers.
BTCTurk hacked, stealing approximately $49 million in crypto assets
According to Onchain Lens, the BTCTurk exchange lost approximately $49 million after being hacked, and the hackers are converting all the stolen funds into ETH.
Lista DAO has completed the destruction of 200 million LISTA tokens, with a value of $62.18 million.
Lista DAO announced that it has completed the destruction of 200 million LISTA, accounting for 2% of the total supply, and the destroyed tokens are worth US$62.18 million.
The US SEC has confirmed that it has accepted Invesco Galaxy's application for a spot Solana ETF.
The US SEC has confirmed that it has accepted Invesco Galaxy’s application for a spot Solana ETF.
Regulatory trends
American Bankers Association leads call for GENIUS Act revisions
The American Bankers Association (ABA) and 52 other banking industry organizations have sent a letter to the leadership of the U.S. Senate Banking Committee, proposing amendments to the United States Stablecoin Guidance and Establishing National Innovation (GENIUS) Act. The letter points out concerns about the GENIUS Act regarding interest payments, state-level regulation, and the issuance of stablecoins by non-financial companies, as the prohibition on stablecoin issuers paying interest to holders is considered too permissive.
The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have noted recent market volatility related to the concept of stablecoins. The HKMA reiterated its commitment to a robust and prudent approach and high thresholds for considering applications for stablecoin issuer licenses. The HKMA emphasized that expressions of interest or submissions of stablecoin license applications, as well as its communication with relevant institutions, are merely part of the licensing process; ultimately, the issuance of a license will depend on whether the application meets the licensing requirements. Given the significant uncertainty surrounding the outcomes of these plans or applications, these market sentiment- or speculation-driven fluctuations highlight the need for vigilance during periods of market fervor.
The U.S. State Department and the Treasury Department plan to take action against the Russian-operated cryptocurrency exchange Garantex, the State Department said.
Investment and Financing
Nasdaq-listed e-commerce company Jeffs' Brands announced the launch of a cryptocurrency treasury management strategy program, managed by Quantum Crypto Assets Treasury Management, which focuses on supporting cryptocurrencies such as Bitcoin and stablecoins and seeking returns. It also announced that it will allocate up to US$75 million to support the cryptocurrency treasury management strategy program.
Stablecoin protocol USD.AI completes $13 million Series A funding round, led by Framework Ventures
USD.AI, a stablecoin protocol providing credit for AI, has completed a $13 million Series A funding round led by Framework Ventures, with participation from Bullish, Dragonfly, and Arbitrum. Developed by Permian Labs, USD.AI provides loans to AI companies using graphics processing unit (GPU) hardware as collateral. The on-chain system consists of USDai, a dollar-pegged token, and sUSDai, a yield-generating token backed by revenue-generating computing assets.
Nasdaq-listed company VCI Global announced that it will issue convertible notes to raise $51 million to establish a Bitcoin treasury. It is expected to allocate $20 million to purchase Bitcoin, aiming to enhance fund diversification and long-term capital flexibility.
Mesh, a crypto payment infrastructure company, announced the completion of a new round of financing. The specific amount has not been disclosed. PayPal Ventures, Coinbase Ventures, Uphold, ByBit, SBI Japan, Overlook Ventures, Kingsway Capital, Moderne Ventures and CE-Ventures participated in the investment. As of now, its total financing has exceeded US$130 million.
Character Voice
Greeks.live: The bull market is likely to continue
Adam, a macroeconomic researcher at Greeks.Live, wrote on the X platform: "As BTC hit a new all-time high and ETH neared its all-time high, the market experienced a slightly unexpected pullback, primarily triggered by the unexpected PPI. The options market saw little movement, with no significant changes in IVs for major maturities and relatively low skew fluctuations. However, trading volume reveals market enthusiasm. Today, Deribit traded $10.9 billion in options, marking the first time that a single-day trading volume has exceeded $10 billion. This high trading enthusiasm suggests the market remains confident in the outlook, and the bull market is likely to continue."
Fed's Musallem: A 50 basis point rate cut is not consistent with current economic conditions or data
Fed's Musallem said a 50 basis point rate cut was not consistent with current economic conditions or data.
Adam, a macro researcher at Greeks.live, published an English community newsletter, noting that sentiment within the group is divided. Some traders acknowledged "unlimited buying" and upward momentum, despite personal hesitation, while others saw a peak near $122,000 for Bitcoin and $4,700 for Ethereum. The market recognized strong buying pressure, creating a "buy too strong" scenario, with open interest peaking at all-time highs and creating uncertainty about timing. Some market makers withdrew sell orders due to excessive buying pressure, while significant trading volume of 10 million indicated an accumulation of institutional funds.
Crypto KOL Ansem wrote, "Altcoin market sentiment is at an all-time low, while BTC and ETH have hit all-time highs, and external attention has also reached an all-time high. It is predicted that 2025 and 2026 will be the most fruitful period for crypto assets, mainly driven by innovative protocols that gain practical application and user recognition."
MyStonks founder Bruce J issued a statement addressing recent platform controversies, stating that last week, the compliance team received a law enforcement request to provide information about a single client and suspend withdrawals for that client. This action was not the platform's own initiative, and the client's brokerage account was also restricted. He emphasized that assisting regulatory investigations is an exchange's legal responsibility, and that targeted investigations do not indicate a problem with the source of client funds. He urged the public not to overinterpret or spread false rumors. Bruce J stated that MyStonks has completed compliance filings in the US, has over 20,000 registered users, and is valued at over $50 million. The platform will continue to adhere to a compliant approach and focus on developing its RWA business and providing customer service.
- 核心观点：市场回调但机构增持趋势明显。
- 关键要素：
- 挪威主权基金比特币敞口增192%。
- BNB Network增持88,888枚BNB。
- Coinbase完成收购Deribit。
- 市场影响：机构入场加速行业合规化。
- 时效性标注：中期影响。
IOS
Android