- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volumes and 24-Hour Price Changes:
- GODS +39.18%
- RPL +10.77%
- CVX +10.41%
- S +7.93%
- CFX +7.53%
- CRV +6.75%
- BABY +6.61%
- ZBCN +6.57%
- CAT +4.93%
- ULTI +4.78%
24-Hour Price Increase Rankings (Data Source: OKX):
ETH +1.32%
BTC +0.39%
ERA -7.94%
SOL -0.52%
XRP +0.06%
TRX -2.79%
ENA +9.56%
BNB -1.18%
DOGE -1.11%
SUI +0.12%
24-Hour Hot Search Cryptocurrencies
- CFX: CFX is the native token of the Conflux blockchain, which is a decentralized Layer-1 public chain that allows cross-border protocol interoperability and a consensus mechanism that combines PoW/PoS. It has increased by approximately 7.5% in the past 24 hours.
Headlines
The Federal Reserve Holds Interest Rates Steady for the Fifth Consecutive Time
The Federal Reserve has kept the benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations, marking the fifth consecutive meeting without changes.
The Federal Reserve maintained interest rates on Wednesday, with rare disagreements in the decision-making process, and the statement did not specify when rate cuts might occur. The decision faced opposition from two board members appointed by Trump—Waller and Bowman—who both believe the current monetary policy is too tight. This is the first time in over 30 years that two board members voted against a decision. The FOMC voted 9 to 2 to keep the benchmark overnight rate in the 4.25%-4.50% range, marking the fifth consecutive meeting without changes.
The White House proposed on Wednesday that Congress consider legislation requiring U.S. taxpayers to report 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 shift will promote the development and use of digital assets in the U.S. and alleviate concerns that the lack of a reporting mechanism could disadvantage the U.S. or U.S. digital asset trading platforms. This suggestion is one of several proposals in a 168-page crypto report released by the Digital Asset Market Working Group on Wednesday, led by David Sacks, the White House's Director of Crypto and AI Affairs.
Industry News
Cboe BZX and NYSE Arca Propose to Simplify Crypto ETF Listing Process
Cboe BZX and NYSE Arca have submitted a new proposal to the SEC, suggesting the establishment of universal listing standards to simplify the approval process for crypto ETFs. Under current rules, exchanges must submit a 19b-4 form and undergo a review that can last up to 240 days. If the proposal is approved, eligible crypto ETFs will be able to list directly without case-by-case approval. Cboe stated that the proposal does not currently set quantitative standards such as asset size, and relevant terms will be added later.
White House Releases Digital Asset Report: U.S. Treasury to Manage U.S. BTC Reserves
The White House released a digital asset report stating that the U.S. Treasury will manage U.S. BTC reserves, which initially come from seized BTC. The Treasury and the Department of Commerce will develop strategies to accumulate more BTC, and the BTC reserves will generally not be sold.
Hong Kong's "Stablecoin Regulation" will officially take effect on August 1, 2025. Song Min, Director of the Central China Development Research Institute at Wuhan University, stated that the emergence of stablecoins is an inevitable result driven by technology, but technology cannot replace regulation. China should cherish the opportunity to establish a regulatory framework, adopting a path of "institutional precedence, scenario implementation, and phased advancement." Hong Kong's stablecoins will serve areas such as cross-border trade settlement and RWA asset tokenization, aiding the real economy. Hong Kong plays an irreplaceable strategic role in the internationalization of the RMB, with the biggest breakthrough in cross-border trade settlement, necessitating the launch of more RMB-denominated financial products.
Telegram Founder Pavel Durov Questioned Again in France for Alleged Illegal Content on the Platform
Telegram founder Pavel Durov was questioned by French investigating judges in Paris on Monday regarding the platform's alleged assistance in criminal activities. Durov has faced multiple accusations related to organized crime, illegal trading, and the dissemination of illegal content since his detention in Paris in 2024. Durov denies all charges and, through his lawyer, stated that he has detailed the absurdity of the related facts to investigators. Since Durov's arrest, French judicial authorities have reported improved cooperation with Telegram. Durov's lawyer has questioned the constitutionality of the case and has applied for a preliminary ruling from the EU's highest court.
Project News
21 Shares Submits Revised Solana ETF S-1 Filing to the U.S. SEC
According to Cointelegraph, 21 Shares has submitted a revised Solana ETF S-1 filing to the U.S. SEC.
Binance Wallet Launches DEX Pro Mode and Limit Order Functionality
According to an official announcement, Binance Wallet has launched DEX Pro mode, adding limit order functionality and supporting SecureAutoSign technology for secure automatic signing. This mode provides a professional trading interface, allowing users to set target prices for buying and selling tokens without prepaying gas fees, keeping funds unlocked. Users must enable SecureAutoSign authorization upon first use, with the authorization valid for 7 days.
Investment and Financing
Public company Planet Ventures announced that it has increased the financing scale of its convertible bond issuance from an initial 5 million CAD to 6 million CAD 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 BTC on its balance sheet.
Voices
Bitwise Executive: Treasury Companies Solve Ethereum Narrative Dilemma
Bitwise Chief Investment Officer Matt Hougan stated that treasury companies and holding companies are packaging this digital asset in a way that is easier for traditional investors to understand, thus solving Ethereum's narrative dilemma and attracting more capital. Hougan pointed out in an interview that Ethereum has always struggled to clarify its revenue model for traditional financial investors until its native token ETH was packaged into a structure similar to a "stock shell." He explained, "Over the past few years, from a valuation perspective, ETH has faced a problem where Wall Street cannot find a clear answer as to why it is valuable. Is it a store of value? Is it the scarcity brought by the burn mechanism? Is it a source of income? Or is it staking yield? No one can say for sure. But if you take 1 billion dollars' worth of ETH and put it into a company and use it for staking, it will immediately start generating returns. Investors are very familiar with companies that can generate returns."
The community has raised questions about the projects and transparency of Ripple, the company behind the cryptocurrency XRP. KOL Andrei Jikh stated that there is currently a lack of verifiable on-chain data to support this. Ripple claims to have partnered with over 300 banks during 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, and that the low transaction volume of XRPL is primarily due to institutions historically preferring to use digital assets off-chain rather than on-chain.
Matrixport: Market Momentum Has Weakened, Expecting Bitcoin to Enter a Consolidation Phase in August
Matrixport released a chart today stating that the current greed and fear index is nearing a high, and slow-moving averages are beginning to show top signals. Historically, whenever this indicator is in an upward phase, Bitcoin prices tend to perform strongly; however, once it starts to decline, it often indicates that market sentiment is cooling, and investors need to be more cautious. In early July, we made a bullish judgment that differed from mainstream views, but as the situation evolved, we have shifted to a more cautious stance, expecting Bitcoin to enter a consolidation phase in August. The latest trend of the greed and fear index also confirms this judgment: despite continuous positive news, market momentum has weakened.
According to Bloomberg senior ETF analyst Eric Balchunas, the U.S. Securities and Exchange Commission (SEC) has released universal listing standards for cryptocurrency ETPs through the latest exchange documents. According to the standards, cryptocurrencies with over 6 months of futures trading track records on Coinbase's derivatives exchange will be allowed to be included in ETPs. Currently, about a dozen crypto assets meet the eligibility criteria, aligning with the mainstream cryptocurrencies that had previously been expected to have an approval probability of over 85%. Regarding the specific approval timeline, Balchunas indicated it could be in September or October of this year.
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