Compiled by: Nona
Regulation/Macro
The U.S. House of Representatives will hold a final vote on the 'Big and Beautiful Act' today at 20:00 Hong Kong time.
U.S. House Speaker Johnson stated that the U.S. House of Representatives will hold a final vote on the 'Big and Beautiful Act' today at 08:00 local time (20:00 Hong Kong time).
Insiders: Several wealthy individuals from Silicon Valley are joining forces to establish a national bank to support cryptocurrency businesses.
Several billionaires from Silicon Valley have jointly applied for a charter bank license in the U.S. to establish a national bank focused on supporting startups that operate businesses related to cryptocurrencies. Insiders say the new bank is named 'Erebor,' after the treasure location in 'The Lord of the Rings,' with major investors being Silicon Valley's big 'donors' to the current Republican government, such as Peter Andreas Thiel.
Trump Media Technology Group submitted a Bitcoin and Ethereum mixed spot ETF application to the SEC.
Trump Media Technology Group (Nasdaq, NYSE code: DJT) announced that it has submitted an S-1 initial registration statement (referred to as 'registration statement') to the U.S. Securities and Exchange Commission for a Truth Social Bitcoin and Ethereum ETF. This ETF will directly hold Bitcoin and Ethereum, with 75% of its assets invested in Bitcoin and 25% in Ethereum, and will issue shares (referred to as 'shares') to investors, aiming to reflect the price performance of Bitcoin and Ethereum.
Project/Company Updates
European cryptocurrency exchange Bitstamp has obtained a MAS license in Singapore and will provide services to users in the Asia-Pacific region.
Robinhood's European cryptocurrency exchange Bitstamp announced it has obtained a major payment institution license issued by the Monetary Authority of Singapore (MAS). Bitstamp's Asia-Pacific team is based in Singapore, providing local expertise in market, partnerships, compliance, and strategic support. With the MAS license and over a decade of experience supporting institutional-grade cryptocurrency infrastructure, Bitstamp has a unique advantage in serving clients in the Asia-Pacific region.
Swiss cryptocurrency-friendly bank AMINA supports Ripple stablecoin RLUSD trading, providing custody and trading services.
Swiss cryptocurrency-friendly financial bank AMINA Bank has announced support for Ripple's newly launched US dollar stablecoin RLUSD, becoming the first global bank to provide custody and trading services for this currency. The service will initially target institutional clients and professional investors, with plans for further expansion in the coming months. AMINA Bank stated that its goal is to connect traditional banking with cryptocurrency financial infrastructure, and it has established regulated business hubs in Switzerland, Hong Kong, and Abu Dhabi.
The Wall Street Journal: Ripple applies for a U.S. banking license.
Ripple has submitted an application for a national bank charter to the U.S. Office of the Comptroller of the Currency (OCC). RLUSD is currently regulated by the New York State Department of Financial Services (NYDFS). A national trust bank charter would also bring RLUSD under OCC regulation. If approved, Ripple will achieve dual regulation of the stablecoin RLUSD at the state and federal levels. Additionally, its subsidiary Standard Custody has also applied for a Federal Reserve master account, intending to directly custody RLUSD reserves. If approved, this account would allow Ripple to directly custody reserves at the Federal Reserve and issue and redeem stablecoins outside normal banking hours.
Belgian KBC Bank will offer Bitcoin and Ethereum investments to retail users.
KBC Bank, one of Belgium's largest financial institutions, is preparing to allow its clients to invest in cryptocurrencies such as Bitcoin and Ethereum through its Bolero subsidiary. The company plans to launch investments on its platform later this year. KBC expects the product to receive regulatory approval in the fall.
Important Data
Yesterday, the total net outflow for Ethereum spot ETFs in the U.S. was approximately $1.82 million.
Yesterday (Eastern Time July 2), the total net outflow for Ethereum spot ETFs in the U.S. was approximately $1.82 million. BlackRock ETF ETHA had a net outflow of about $46.89 million in a single day; Fidelity ETF FETH had a net inflow of about $25.8 million in a single day; Grayscale Micro ETF ETH had a net inflow of about $8.1 million in a single day; Bitwise ETF ETHW had a net inflow of about $8.33 million in a single day; VanEck ETF ETHV had a net inflow of about $2.84 million in a single day. 21 Shares ETF CETH, VanEck ETF ETHV, Franklin ETF EZET, and Invesco ETF QETH, as well as Grayscale ETF ETHE had no net inflow or outflow.
Yesterday, the total net inflow for Bitcoin spot ETFs in the U.S. was approximately $400 million.
Yesterday (Eastern Time July 2), the total net inflow for Bitcoin spot ETFs in the U.S. was approximately $400 million. Ark & 21 Shares ETF ARKB had a net inflow of about $83 million in a single day; Fidelity ETF FBTC had a net inflow of about $183 million in a single day; Grayscale ETF GBTC had a net inflow of about $34.56 million in a single day; Grayscale Micro ETF BTC had a net inflow of about $16.53 million in a single day; Bitwise ETF BITB had a net inflow of about $65.94 million in a single day; VanEck ETF HODL had a net inflow of about $5.42 million in a single day; Franklin ETF EZBC had a net inflow of about $9.51 million in a single day; Invesco Galaxy ETF BTCO had a net inflow of about $9.85 million in a single day; Valkyrie ETF BRRR, WisdomTree ETF BTCW, and Hashdex ETF DEFI, as well as BlackRock ETF IBIT had no net inflow or outflow.
Suspected Matrixport-related addresses withdrew 30,734 Ethereum from OKX and Binance within the past day.
Suspected Matrixport-related addresses withdrew 30,734 Ethereum from OKX and Binance within the past day, valued at approximately $78 million.
SharpLink Gaming's staked Ethereum token lsETH is valued at approximately $458 million.
SharpLink Gaming has recently staked an additional $2 million worth of Ethereum to lsETH, bringing its total value of staked Ethereum tokens lsETH to approximately $458 million.
