Happy Tuesday! While many hodlers still dream of the elusive 'altseason' during this cycle, perhaps this time it feels more like 'suitseason' with the flourishing of cryptocurrency stocks and government bonds? In today's newsletter, Trump's Truth Social applies for a 'Crypto Blue Chip' ETF, Dubai approves its first tokenized money market fund, Robinhood engages with EU regulators after facing strong opposition over its tokenized stocks, and more. Meanwhile, Benchmark believes Semler Scientific has 150% upside potential in its Bitcoin accumulation strategy, while Mizuho is bearish on Circle, citing that USDC growth is exaggerated. Let's get started. Trump's media and technology group's social media platform Truth Social has submitted an S-1 registration statement to the SEC to launch a 'Crypto Blue Chip' ETF tracking BTC, ETH, SOL, XRP, and CRO. The Dubai Financial Services Authority has approved the QCD money market fund to become the first tokenized money market fund within the Dubai International Financial Centre. After facing strong opposition for offering exposure to OpenAI and SpaceX through its blockchain-based 'stock tokens', Robinhood is in talks with European regulators. Cryptocurrency-related stocks in Hong Kong rose on Tuesday as optimism grows regarding the stablecoin licensing framework set to be implemented on August 1. Vertex will shut down its Arbitrum-based DEX, discontinue its VRTX token, and exclusively relaunch on Kraken's Layer 2 Ink to maintain competitiveness in the perpetual trading space. With The Block's daily summary, you will never miss the most impactful events happening in the digital asset ecosystem. [The Block]

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