Crypto Assets Market Daily

Regulation and Policy

• The US SEC has released new guidelines for Crypto Assets ETFs, covering aspects such as asset selection, custody, and conflicts of interest.
• SEC approves Grayscale's amendment to convert digital large-cap stock fund into ETF.
• The People's Bank of China issues new regulations: starting from August 1, cash purchases of gold exceeding 100,000 yuan must be reported.
• Hong Kong Chief Executive John Lee: Establishing a stablecoin licensing system will enhance financial competitiveness.
• The Monetary Authority of Singapore tightens regulations on Crypto Assets trading.

Project Updates

• Ondo Finance will launch the on-chain US stock trading platform Ondo Global Markets this summer.
• Binance Alpha has launched multiple new tokens, including ICNT, ECHO, CROSS, and others.
• Robinhood deployed 213 stock tokens on Arbitrum, with a total cost of only 5 dollars.
• The Ethereum Community Foundation has been established to fund "immutable and tokenless" projects.
• Boba received a $70 million capital commitment and reached a token transfer agreement with FTX.
• The Bitcoin Layer 2 network Botanix mainnet is launched, with block time reduced to 5 seconds.

Institutional Dynamics

• Deutsche Bank plans to launch Crypto Assets custody services in 2026
• Italy's Unicredit Bank will offer BlackRock Bitcoin ETF-linked products to some clients.
• Deep-sea mining company Green Minerals signs a $24.75 million financing deal to purchase Bitcoin.
• Software company Figma holds $69.5 million in Bitcoin ETFs and plans to purchase an additional $30 million.

Market Data

• In June, CEX spot trading volume hit a 9-month low, while DEX trading volume increased to a record $390 billion.
• In the first half of the year, listed companies bought 245,500 BTC, more than double the amount bought by ETFs.
• Ethereum increased by 36.48% in Q2
• Bitcoin ETF had a net outflow of $342 million yesterday, ending a 15-day streak of net inflows.

Analysis Perspective

• Standard Chartered Bank expects Bitcoin to surpass $135,000 by the end of Q3.
• Matrixport: The decline in Bitcoin volatility and the decoupling from US stocks increase the attractiveness of institutional allocation.
• QCP Capital: The liquidity of the Crypto Assets derivatives market continues to improve, and the macro environment is favorable for risk assets.