Selected news
1. The total market value of stablecoins exceeds $260 billion, with an increase of 1.43% in the past week
2. Arkham: Currently, BlackRock's ETF allocation to ETH is more than five times that of BTC
3. U.S. stocks with ETH reserve concepts saw a broad pre-market rally, with BMNR rising over 16%
4. Pudgy Penguins CEO: Seeking a new round of financing for Abstract, hoping to engage the community in some way
5. Animoca Research: The reserve strategy of altcoins carries significant risks, but could become a potential catalyst for driving mass adoption of cryptocurrencies
Selected articles
1. (In the surge of crypto reserve companies, what potential 'pits' exist?)
This article outlines the four key tools and representative cases behind this wave, attempting to answer a question: How should a company evolve from 'buying coins' to 'making plays' when traditional financial instruments meet crypto assets? And how should retail investors identify risk signals in this capital game?
2. (The stablecoin bill at hand, and the restless Wall Street bankers)
Almost simultaneously, the three major financial regulatory giants, the Federal Reserve, FDIC, and OCC, jointly issued guidance days ago, explicitly stating that U.S. banks can provide custody services for crypto assets to customers. Banks and institutions on Wall Street can no longer hold back.
On-chain data
On-chain capital flow situation as of July 18
