- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volumes 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 Rankings (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%
- Top 5 On-Chain Meme Tokens (Data Source: GMGN):
- MRBEAST
- BROWNH
- Billie
- USAi
- fatgir
- 24-Hour Trending Cryptocurrencies
MRBEAST (MrBeast FUND) is a community-driven "fan-inspired" token on the Solana blockchain, named after YouTube influencer Jimmy Donaldson (MrBeast), targeting hardcore geek culture.
Headlines
Norwegian Sovereign Wealth Fund Doubles Bitcoin Exposure
Data from cryptocurrency research firm K 33 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 holdings in Strategy, Metaplanet, and 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 through Bitcoin investment tools and corporate proxies.
BNB Network Company Announces Purchase of 88,888 BNB
NASDAQ-listed BNB Network Company (BNC) announced that it has continued to purchase 88,888 BNB after acquiring 200,000 BNB tokens earlier this week. This purchase 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 Deribit Acquisition
Coinbase announced that it has completed the acquisition of cryptocurrency options exchange Deribit, bringing it closer to offering a full range of trading products, including spot, futures, perpetual contracts, and options.
Industry News
Abu Dhabi Sovereign Wealth Fund Mubadala Holds $534 Million in BlackRock Bitcoin ETF as of June
According to documents disclosed by the U.S. SEC, Abu Dhabi's sovereign wealth fund Mubadala held 8,726,972 shares of IBIT, valued at approximately $534 million, as of June 30. This holding has not changed since the previous disclosure in May. Additionally, in a new filing, Al Warda Investments disclosed that it held 2,411,034 shares of IBIT, valued at approximately $147.5 million, as of June 30.
Alt 5 Sigma: Minted 30 Million USD 1 on Solana
Alt 5 Sigma announced that it has minted 30 million USD 1 on Solana, aiming to lay more infrastructure channels for the global adoption of USD 1.
Ark Invest Buys Over 2.5 Million Shares of Bullish on First Day of Listing
Ark Invest purchased over 2.5 million shares of Bullish (BLSH) on its first day of listing on the New York Stock Exchange, distributed across ARKK, ARKW, and ARKF ETFs, with a total holding value exceeding $170 million. Bullish's stock price rose over 22% today, with a market capitalization exceeding $12 billion.
Robinhood Applies for Dubai License, Seeks Expansion in MENA Market
According to financefeeds, Robinhood is taking steps to enter the Middle East and North Africa (MENA) market. The company has applied for a license from the Dubai Financial Services Authority (DFSA), which will allow it to legally offer forex and other trading services in the UAE. To drive this plan, Robinhood has appointed senior executive Mario Camara, who has experience in financial services licensing and operations, to oversee its Dubai operations.
Project News
Lido's market share in the Ethereum staking market has dropped to 24.4%, a record low, while Figment has added the most new staking users in the past month, approximately 344,000 new staking users, currently accounting for 4.5% of all staked ETH.
Cookie Snaps Launched on Velora, $350,000 VLR Token Distribution to Platform Users
Cookie DAO announced on X platform that Cookie Snaps has launched on Velora, with a total value of $350,000 in VLR tokens distributed to platform users, including $280,000 in VLR tokens allocated to the top 500 users on the Snaps leaderboard, and an additional $70,000 in VLR tokens allocated to COOKIE token stakers.
BTCTurk Hacked, Approximately $49 Million in Crypto Assets Stolen
According to Onchain Lens, BTCTurk exchange suffered a loss of approximately $49 million after being hacked, with the hackers converting all stolen funds into ETH.
Lista DAO Completes Burn of 200 Million LISTA Tokens, Worth $62.18 Million
Lista DAO announced that it has completed the burn of 200 million LISTA tokens, accounting for 2% of the total supply, with a value of $62.18 million.
U.S. SEC Confirms Receipt of Invesco Galaxy's Spot Solana ETF Application
The U.S. SEC has confirmed receipt of Invesco Galaxy's application for a spot Solana ETF.
Regulatory Trends
American Bankers Association Leads Call to Amend GENIUS Act
The American Bankers Association (ABA) and 52 other banking organizations have sent a letter to the leadership of the U.S. Senate Banking Committee, proposing amendments to the "U.S. Stablecoin Innovation and Establishment Act" (GENIUS). The letter points out concerns regarding interest payments, state-level regulation, and non-financial companies issuing stablecoins, as the ban on stablecoin issuers paying interest to holders is considered too lenient.
Hong Kong SFC and HKMA Issue Joint Statement on Stablecoin-Related Market Volatility
The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have noted recent market volatility related to stablecoins. The HKMA reiterated that it will adopt a prudent and cautious approach when considering stablecoin issuer license applications, setting higher thresholds. The HKMA emphasized that expressing intent or submitting a stablecoin license application, as well as communication with relevant agencies, is merely part of the licensing process, and whether a license is ultimately granted will depend on whether the application meets licensing conditions. Given the significant uncertainty surrounding these plans or application outcomes, the aforementioned market fluctuations driven by sentiment or speculation highlight the need for vigilance during market exuberance.
The U.S. State Department has stated that it plans to take action against the Russian-operated cryptocurrency exchange Garantex.
Investment and Financing
NASDAQ-listed e-commerce company Jeffs' Brands announced the launch of a cryptocurrency fund management strategy, managed by Quantum Crypto Assets Treasury Management, focusing on supporting cryptocurrencies such as Bitcoin and stablecoins while seeking returns. The company also announced it would allocate up to $75 million to support this cryptocurrency fund management strategy.
Stablecoin Protocol USD.AI Completes $13 Million Series A Financing, Led by Framework Ventures
The stablecoin protocol USD.AI, which provides credit for AI, has completed a $13 million Series A financing round, led by Framework Ventures, with participation from Bullish, Dragonfly, Arbitrum, and others. Developed by Permian Labs, USD.AI issues loans to AI companies using GPU hardware as collateral, and the on-chain system includes a USD-pegged token USDai and a yield-bearing token sUSDai backed by income-generating computing assets.
VCI Global Plans to Raise $51 Million Through Stock Offering to Establish Bitcoin Treasury
NASDAQ-listed VCI Global announced it will issue convertible notes to raise $51 million to establish a Bitcoin treasury, with plans to allocate $20 million to purchase Bitcoin, aiming to enhance capital diversification and long-term capital resilience.
Cryptocurrency payment infrastructure company Mesh announced the completion of a new round of financing, with specific amounts not disclosed. Investors include PayPal Ventures, Coinbase Ventures, Uphold, ByBit, SBI Japan, Overlook Ventures, Kingsway Capital, Moderne Ventures, and CE-Ventures. To date, its total funding has exceeded $130 million.
Voices
Greeks.live: The Bull Market is Likely to Continue
Adam, a macro researcher at Greeks.Live, posted on the X platform: "As BTC reaches new historical highs and ETH approaches its historical high, the market has experienced a slightly unexpected pullback, primarily triggered by PPI exceeding expectations. There hasn't been much movement in the options market, with no significant changes in implied volatility across major maturities, and skew volatility is also relatively small. However, trading volume indicates market enthusiasm, with Deribit trading $10.9 billion in options today, marking the first time daily trading volume has exceeded $10 billion. High trading enthusiasm suggests that the market remains confident about the future, and the bull market is likely to continue."
Federal Reserve's Musalem stated that a 50 basis point rate cut does not align with current economic conditions or data.
Adam from Greeks.live released an English community briefing, noting: "The group shows divergent sentiment, with some traders acknowledging the existence of 'unlimited buying pressure' and upward momentum, despite individual hesitance, while others believe Bitcoin has reached a temporary top around $122,000 and Ethereum around $4,700. The market recognizes strong buying pressure, with 'buying pressure being too strong,' leading to peak open interest at historical high spot levels, creating uncertainty in timing judgments. Market makers have withdrawn sell orders due to the overwhelming buying strength, with a significant volume of 10 million indicating institutional funds are accumulating."
Crypto KOL Ansem stated, "The altcoin market sentiment is at a historical low, while BTC and ETH reach historical highs, and external attention is at an all-time high. I predict that 2025 and 2026 will be the most fruitful periods for crypto assets, primarily driven by innovative protocols that gain real-world applications and user recognition."
MyStonks founder Bruce J responded to recent platform controversies, stating that last week the compliance team received a law enforcement request to provide information on a single customer and suspend that user's withdrawals. This action was not a voluntary decision by the platform, and their brokerage account is also restricted. He emphasized that assisting regulatory investigations is a legal responsibility of the exchange, and targeted investigations do not imply issues with the source of customer funds, calling for the public not to over-interpret and spread false rumors. Bruce J stated that MyStonks has completed compliance filings in the U.S., with over 20,000 registered users and a valuation exceeding $50 million, and will continue to adhere to compliance routes, focusing on RWA business development and customer service.
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