Encryption Industry Today's Hot Topics

Banks Expand Encryption Business

Standard Chartered Bank has launched spot trading services for Bitcoin and Ethereum through its UK branch for institutional clients, becoming the first global systemically important bank to offer such services. This service aims to meet the growing demand for encryption assets, allowing institutional clients to trade digital assets through a familiar foreign exchange trading interface. Standard Chartered Bank stated that it will also offer non-deliverable forward trading services in the future.

Regulatory Dynamics

The U.S. House of Representatives will welcome "Encryption Week" this week, with votes expected on the "Digital Asset Market Clarity Act" and the "U.S. Stablecoin Innovation Act." If the latter passes, it will become the first major legislation related to encryption in the U.S. In addition, the House also plans to review a bill that prohibits the U.S. central bank from issuing digital currency.

Organization Dynamics

A large asset management company has become the major shareholder of Strategy Company, holding 20 million shares, accounting for 8% of the circulating capital. Notably, this asset management company had previously publicly criticized Bitcoin as an "immature asset."

French IoT semiconductor company Sequans Communications has increased its holdings by 683 bitcoins, raising its total holdings to 1,053. The company spent approximately $79 million on this purchase, with an average purchase price of about $116,213 per bitcoin.

Human resources solution provider Click Holdings plans to build a Bitcoin and Solana asset reserve with a maximum scale of 100 million USD and integrate encryption payment methods into its business.

Canadian listed company Matador Technologies Inc. is seeking to raise 900 million CAD over 25 months, with purposes including accumulating Bitcoin reserves.

Last week, Strategy invested approximately $472.5 million to acquire 4,225 bitcoins. As of July 13, the company holds 601,550 bitcoins, with a total cost of around $42.87 billion.

The NYSE-listed company BitMine Immersion disclosed its Ethereum holdings of approximately 163,100 coins, valued at over $500 million.

Market Data

Ethereum spot ETF saw an inflow of $259 million yesterday, marking a net inflow for seven consecutive days. Among them, a certain ETF had a net inflow of $151 million, bringing its historical total inflow to $6.443 billion.

Bitcoin spot ETF saw a net inflow of $297 million yesterday, marking the eighth consecutive day of net inflows. A certain ETF had a net inflow of $395 million, bringing its historical total inflow to $54.799 billion.

A certain whale transferred 5,360 bitcoins to a platform within half an hour, with a total transfer amount reaching 4.16 billion dollars, accounting for 44.2% of its total holdings.

Two multi-signature wallets suspected to belong to the same entity have spent over $100 million to purchase 33,366 Ether, at an average price of $3,013.

Project Progress

A digital asset platform announced the addition of tokenized stocks from well-known American companies for EU investors, including Nike, McDonald's, and Starbucks. These tokenized stocks are issued through the Arbitrum blockchain and are pegged 1:1 to real stocks.

A trading platform will hold a Hyperion (RION) Bonding Curve token generation event on July 16.

A certain platform will launch Caldera (ERA) on July 17.

The Movement Network Foundation announced that the $MOVE buyback has been completed, with approximately 180 million $MOVE tokens repurchased at an average price of about $0.21.