Compiled by: Nona
Fear and Greed Index: 67 (Greed)
Bitcoin Price: $118,320
BTC/ETH Spot ETF Fund Flow (7.21)
BTC Net Outflow: $131.35 M
ETH Net Inflow: $296.59 M
Regulatory/Macro
Eleanor Terrett: The first White House crypto report will be released by the end of this month.
Crypto America reporter Eleanor Terrett tweeted that the first White House crypto policy report will be officially submitted on July 22 local time and is expected to be released to the public by the end of this month. White House officials have confirmed the relevant schedule.
Project/Company Dynamics
JPMorgan considers offering cryptocurrency asset-backed loan services starting next year
JPMorgan is considering allowing clients to use crypto assets like Bitcoin and Ethereum as collateral for loan services, with plans possibly starting as early as next year.
Strategy plans to issue 5 million shares of STRC stock, which will be used to purchase Bitcoin
Strategy plans to go public with 5 million variable rate Series A perpetual preferred shares (STRC stock), with the proceeds to be used for general corporate purposes, including purchasing Bitcoin and supplementing working capital.
U.S. listed company Volcon completes $500 million private placement financing to purchase Bitcoin, having already acquired 280.14 BTC
U.S. listed electric vehicle company Volcon completes $500 million private placement financing, led by Empery, with participants including FalconX, Pantera, Borderless, RK Capital, Relayer Capital, etc. The financing will be used to establish a Bitcoin treasury. The company has already acquired 280.14 Bitcoin.
Hong Kong listed company Coolpad Group establishes RWA Division to explore property asset tokenization
Coolpad Group (02369.HK) announced the formal establishment of the 'Real World Asset Tokenization Division' (referred to as 'RWA Division'). The establishment of this division aims to comprehensively promote key tasks such as RWA asset tokenization. The company began exploring Web3-related fields as early as 2023, and the establishment of the RWA Division aims to systematically respond to the technological transformation of Web3 and actively align with the innovative direction advocated by the Hong Kong Special Administrative Region Government (Digital Asset Development Policy Declaration 2.0). The RWA Division will be directly led by Mr. Chen Jiajun, the chairman of the board and CEO of the company.
Ark Invest reduces its stake in Coinbase stock worth $90.58 million
Cathie Wood's Ark Invest reduced its holdings of 218,986 shares of Coinbase on July 21, worth about $90.58 million. Additionally, the company sold 109,824 shares of Robinhood, worth $11.46 million, and 90,061 shares of Block Inc., worth $7 million.
In-depth & Outlook
NFT weekly trading volume exceeds $140 million, hitting a six-month high. Is this a brief market warm-up or a sign of a comeback?
NFT weekly trading volume exceeds $140 million, hitting a six-month high. Is the NFT market a brief warm-up or a sign of a comeback? Can it leverage many favorable factors to recreate the brilliance of past years?
Stablecoin payments and global capital flow models
They showcase the core ability of blockchain to 'instantaneously transfer funds and value,' making it possible to build a commercial closed loop on-chain—payments. However, payments involve much more than just 'peer-to-peer transfers'; the real enterprise-level scenarios are far more complex than 'sending money from A to B.'
Perspective
ETH version of 'MicroStrategy Summer': Institutional funds entering, can it replicate the positive flywheel of BTC?
MicroStrategy has significantly benefited from the super bull market of BTC, but as a replicator, it may not have the same luck and trading ability. Therefore, the market heat brought by this trading entity is not much different from the previous pure Crypto native narrative speculation; essentially, it is also a gamble and trial-and-error, so be wary of investment risks.
Who is making money behind this wave of stablecoin frenzy?
For ordinary users, besides various project parties, the more direct benefit is that new stablecoin forces can capture the market and liquidity through subsidies, allowing retail investors to arbitrage. In short, the stablecoin frenzy can be described as 'the bigger the water, the bigger the fish,' so we must seize our share of the cake.
