Crypto Assets Market Daily

News Overview

• Vitalik warns that Ethereum faces decentralization risks and proposes three core testing criteria.
• Arthur Hayes predicts that BTC may drop to 90,000-95,000 in the short term, with hopes of regaining upward momentum in early September.
• Ripple subsidiary applies for a Federal Reserve master account, planning to store RLUSD reserves at the Federal Reserve.
• PayPal co-founders plan to establish Erebor Bank to serve Crypto Assets and AI startups.
• The Jupiter token launchpad Jupiter Studio is officially online.
• OpenAI denies authorizing Robinhood to launch related tokenized stocks
• The Bitcoin Layer 2 network BOB has launched its testnet ahead of schedule, with the mainnet expected to go live in Q4.

Regulatory Dynamics

• The U.S. House of Representatives will conduct the final vote on the "Big and Beautiful Act".
• The U.S. Department of Justice has cracked a $14.6 billion healthcare fraud case, seizing $245 million in Crypto Assets and other assets.
• The U.S. Treasury Secretary anticipates that the Federal Reserve may cut interest rates in September or even earlier.
• The Hungarian central bank rules out the possibility of including Crypto Assets in its reserves.
• IMF vetoes Pakistan's Bitcoin mining subsidized electricity plan

Project Progress

• Swiss Bank AMINA supports the custody and trading of Ripple stablecoin RLUSD
• Multi-Point Intelligence has configured BTC and plans to apply for a Hong Kong stablecoin license.
• Belgium's KBC Bank will launch BTC and ETH trading services for retail customers.
• REX-OSPREY Solana Staking ETF launched, first day trading volume of 33 million USD
• Coinbase acquires the token management platform Liquifi
• Italian bank Banca Sell will test custody services for stablecoins and other digital assets.

Industry Insights

• ZachXBT: This year at least 345-920 crypto asset project positions have been infiltrated by North Korean IT personnel.
• Dozens of fake wallet plugins have flooded the Firefox store, stealing users' Crypto Assets.
• North Korean hackers spread macOS malware targeting Crypto Assets companies using fake Zoom updates.
• The encryption business added $620 million to Trump's wealth.
• This year, 56 tokens supported by VC have been listed, with 3 having an FDV exceeding $1 billion.

Market Data

• The total net inflow of Bitcoin spot ETF yesterday was $408 million, with Fidelity ETF leading the net inflow at $184 million.
• Jump Crypto associated wallet transferred 7499 coins of BTC, valued at approximately 816 million USD
• A certain insider trader's $250 million BTC short position was largely liquidated.
• Circle has added the minting of 250 million USDC on Solana.
• The MELANIA team has unlocked 25 million tokens, valued at approximately $5.25 million.