The crypto world has been buzzing lately! From the US president signing the act to the UK planning to sell Bitcoin to fill fiscal holes, from Hong Kong issuing licenses in new ways to a bunch of tokens about to 'release water'... Here are the most exciting stories for you to catch up on👇
1️⃣ Trump signed it! The US stablecoin finally has an 'official ID card'!
Last week, Trump officially signed the (GENIUS Act) at the White House—America's first federal-level cryptocurrency regulation law! In the future, stablecoins will no longer be 'gray area experiments'; issuers must maintain a 1:1 reserve of USD and short-term government bonds, and must publicly disclose how the funds are managed each month～ This directly gives stablecoins 'registration', potentially making them a 'state-backed currency tool'! 🔥
2️⃣ Trump plays a big card against the EU: tariffs raised to 15%-20%?
Trump recently had trade talks with the EU and suddenly became assertive! Originally agreed on a 10% tariff on most goods, now he insists on a minimum of 15%-20%—the auto tariff remains unchanged at 25%! The EU is furious: if this continues, retaliation may be on the way! Can this 'tariff card' be negotiated? The audience is getting ready with their popcorn～💸
3️⃣ Hong Kong stablecoin licenses: You can't just apply whenever you want!
According to Caixin, Hong Kong's issuance of stablecoin licenses will be 'by invitation only'～ The Monetary Authority will not cast a wide net for applications but will first seek interested institutions to 'discuss qualifications'; only those deemed suitable will be issued an application form! The threshold has quietly risen, and institutions looking to obtain licenses must first pass the 'pre-examination'! 🔍
4️⃣ Is the UK planning to sell £5 billion worth of Bitcoin to fill the fiscal hole?
The UK Treasury has recently considered 'selling coins to fill gaps'—they hold at least £5 billion worth of seized Bitcoin (for example, they seized 61,000 BTC from a Ponzi scheme in 2018, which is now worth over £5.4 billion)! They plan to sell to ease fiscal pressure～ The Home Office is also working on an official coin storage system, preparing for an 'official sale'? 🤑
5️⃣ WLFI urgently clarifies: Team tokens will not be unlocked at launch!
WLFI announced today: The tokens for the team/advisors will definitely not be unlocked at launch! The previously mentioned private placement round will not happen either; instead, they will cooperate with mainstream exchanges to launch a 'reward program'—users can earn tokens just by participating on the platform～
Specific unlocking arrangements: A portion of the tokens bought at $0.015/$0.05 in the public offering will be released first, while the remaining will be decided by community voting on when to release; the founding team's tokens will be unlocked later, and another vote will be needed! ⏳
6️⃣ ERA (Caldera) market makers could be these two?
On-chain analyst @ai_9684xtpa has set sights on ERA—market makers suspected to be GSR Markets (2 million tokens) and Amber Group (2.5 million tokens)! These two have been quite active lately, likely gearing up to hype ERA's launch～🚀
7️⃣ Bullish is about to break into the US stock market! Stock code BLSH
Backed by former PayPal CEO, the crypto exchange Bullish under Block.one applied for an IPO in the US last Friday! Plans to list on the NYSE, code BLSH～
The documents boasted about the performance: total trading volume exceeded $12.5 trillion since March, with an average daily trading of over $2.5 billion in Q1! Competitors include big names like Binance and Coinbase～ Bullish also mentioned plans to push for stablecoins and blockchain adoption; will this stir the US stock market? 📈
8️⃣ Shanghai uncovered a 6.5 billion stablecoin illegal exchange case!
The Shanghai Pudong Court recently ruled on a major case: A gang led by Yang and Xu used USDT for 'wash trading and currency exchange', illegally transferring 6.5 billion in funds over three years! The operational model is very typical—collecting RMB domestically and exchanging foreign currency abroad, with handling fees of 1%-3%… Are stablecoins becoming a new tool for cross-border money laundering? Regulatory oversight needs to tighten! ⚖️
9️⃣ Strategy's Bitcoin holdings have surged into the top nine of the S&P 500!
Strategy officially shows off its achievements: The value of Bitcoin it holds ranks ninth among S&P 500 companies! Surpassing tech giants like Nvidia and PayPal～
Understanding King (Michael Saylor) posted a 'Stack Sats' (accumulate tokens) emoji on X again; according to his pattern, he might show off 'how much BTC he bought' tomorrow～🤫
🔟 These 4 tokens will have significant unlocks this week!
Token Unlocks data shows that several popular tokens will be 'released' this week; holders should pay attention to volatility～
VENOM: Unlocking 59.26 million tokens (approximately $13 million, circulation 2.84%) on July 25 at 16:00
IOTA: Unlocking 15.16 million tokens (approximately $3.61 million, circulation 0.39%) on July 23 at 8:00
FET: Unlocking 3.05 million tokens (approximately $2.4 million, circulation 0.12%) on July 28 at 8:00
EIGEN: Unlocking 1.29 million tokens (approximately $1.97 million, circulation 0.41%) on July 23 at 3:00
Holders of these tokens, set your alarms and don't oversleep; after unlocking, there may be selling pressure or potential benefits, so prepare in advance～
Whether it's major policy moves or whale movements, the amount of information this week is enough to digest for a while～ Remember to keep an eye on Understanding King's next steps, the progress of Hong Kong licenses, and those tokens in your wallet that are 'about to be unlocked'! The stories in the crypto world are always more exciting than the scripts 😉
✍️ DYOR, manage risk well, may everyone set sail in the crypto world! 🌊
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