Compiled by: Nona
Fear of Greed Index: 70 (greed)
Bitcoin price: $122,136
BTC/ETH spot ETF fund flows (last week)
BTC net inflow: $2.72 B
ETH net inflow: $907.99M
Regulatory/Macro
Bank of England Governor opposes banks issuing stablecoins, says tokenized deposits should be prioritized
Bank of England Governor Andrew Bailey opposed large banks issuing their own stablecoins, believing that tokenised deposits should be prioritized, and warned that stablecoins could cause "funds to flow out of the banking system" and threaten the "credit creation system."
50 to 60 companies in Hong Kong are interested in applying for stablecoin licenses
With the (Stablecoin Ordinance) to be officially implemented on August 1, 50 to 60 companies are interested in applying for Hong Kong stablecoin licenses, half of which are payment institutions and the other half are well-known Internet companies, most of which have Chinese backgrounds. The industry expects that only 3 to 4 licenses will be issued in the first phase, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the US dollar.
Project/Company News
Tokenomists: FTN, ZRO, ARB and other tokens will be unlocked in large amounts this week
This week, FTN, ZRO and ARB will unlock large amounts of tokens, with a total value of approximately US$209 million. Among them: Fasttoken will unlock 20 million FTN tokens at 8:00 on July 18, worth approximately US$89.8 million, accounting for 4.64% of the circulation; LayerZero will unlock 25.71 million ZRO tokens at 7:00 on July 20, worth approximately US$55.53 million, accounting for 23.13% of the circulation; Arbitrum will unlock 92.65 million ARB tokens at 21:00 on July 16, worth approximately US$38.06 million, accounting for 1.87% of the circulation; ApeCoin will unlock 15.6 million APE tokens at 20:30 on July 17, worth approximately US$10.35 million, accounting for 1.95% of the circulation.
SharpLink Gaming purchased another 16,374 Ethereum, and its holdings have reached 270,000 Ethereum
SharpLink Gaming purchased another 16,374 Ethereums 7 hours ago, worth about $48.85 million. Its total Ethereum holdings have now increased to 270,000. Since starting to reserve Ethereum in the "Micro Strategy" mode in early June, SharpLink Gaming has purchased a total of 270,000 Ethereums, with an average purchase price of about $2,667, and a current floating profit of about $81.8 million.
Kraken and other 6 CEXs participating in the PUMP public sale have received PUMP tokens
Judging from the current PUMP on-chain holdings, the six CEXs participating in the PUMP public offering should have received PUMP. The on-chain addresses of these companies currently hold PUMP as follows: Kraken: 7.5 billion; Bitget: 7.5 billion; Gate: 6.4 billion; Bybit: 5 billion; MEXC: 5 billion; KuCoin: 4.1 billion. PUMP is expected to open tonight or tomorrow.
LianLian Digital plans to raise approximately HK$394 million for the application of blockchain and other technologies in the payment field
LianLian Digital, a Hong Kong-listed company, announced the issuance of 38.4 million new H shares with a par value of RMB 1.00 per share out of the company's registered capital. The placement price of each placement share is HKD 10.25. Assuming that all the placement shares are placed, the total amount of funds raised from the placement is estimated to be approximately HKD 394 million. The company intends to use the net proceeds for the innovation and application of innovative technologies such as blockchain in the global payment field, global business and license expansion, and general corporate purposes.
Depth & Outlook
BTC Strategic Reserve and AI Fill the Halving Gap
After the fourth Bitcoin halving in April 2024, miners are facing the severe challenge of having their income cut in half, and the old "mining and selling" model is no longer sustainable. In order to survive, leading mining companies have transformed: hoarding Bitcoin to bet on long-term appreciation, or using infrastructure to turn to high-profit areas such as AI computing power leasing.
The carnival belongs to BTC, and the tombstone is left for the inscription
From the emergence of the Ordinals protocol in early 2023, to the crazy hype of BRC20, to the successive appearance of protocols such as Runes, Atomical, CAT20, RGB++, and Alkanes, the Bitcoin ecosystem has experienced an unprecedented "inscription revolution". When the carnival fades away and the background gradually emerges, we have to face a cruel reality: the fundamental limitations of the inscription protocol doomed this beautiful tulip bubble.
Viewpoint
FTX compensation mystery: Are Chinese creditors discriminated against?
FTX blocked Chinese creditors from paying compensation in the name of so-called "restricted jurisdiction". What is the official reason it gave? Is this basis for refusing compensation tenable?
Crypto Outlook for the Second Half of 2025: Can Bitcoin Break Through $200,000?
As for Ethereum, although its future is full of uncertainty, it may not be time to give up now. Lawant believes that with the launch of spot Ethereum ETFs and the fact that many institutional investors "have not yet fully allocated Ethereum", it means that Ethereum "still has a lot of room for catch-up growth."
