In June, CEX volume hit a new low while DEX reached a historical high of 390 billion dollars.

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.
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FloorSweepervip
· 10h ago
weak hands getting rekt again by regulations... smh
Reply0
TideRecedervip
· 21h ago
A wave of regulation is coming, causing a stir.
View OriginalReply0
LuckyBearDrawervip
· 07-22 03:58
How did the SEC finish sanctioning one and then move on to another?
View OriginalReply0
GateUser-a606bf0cvip
· 07-22 03:56
The regulation is really getting tighter and tighter.
View OriginalReply0
OnChainDetectivevip
· 07-22 03:55
The data is all an illusion; behind it is the market maker's rhythm.
View OriginalReply0
TokenomicsTinfoilHatvip
· 07-22 03:51
Is sec starting to back down?
View OriginalReply0
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