🪙 ｜ Cryptocurrency Trends (2025-07-30)

1. The next catalyst for cryptocurrencies is about to arrive.

2. Hong Kong Monetary Authority: A 6-month transition arrangement will be established after the enactment of the "Stablecoin Regulation."

3. Hong Kong Monetary Authority has released multiple documents regarding the regulatory system for stablecoin issuers effective from August 1.

4. Hong Kong Securities and Futures Commission: Beware of suspicious investment products such as "FoFund," "Fo Coin," and "Peach Blossom Source NFT."

5. Hong Kong Monetary Authority: Applications for a bundled fiat-linked stablecoin are welcome, with the first license expected to be issued early next year.

6. U.S. SEC approves Bitcoin and Ethereum ETF “physical subscription and redemption” and relaxes options position limits.

7. AML Bitcoin founder sentenced to 7 years in prison for millions of dollars in cryptocurrency fraud and money laundering.

8. BTCS plans to raise $2 billion to increase cryptocurrency investments.

9. CITIC Securities: Continuing to monitor issuers that may obtain the first batch of stablecoin licenses.

10. Algeria bans all cryptocurrency activities, with violators facing imprisonment and fines.

11. JPMorgan: Coinbase earns substantial profits from its partnership with Circle and the USDC economy.

12. South Korean central bank establishes a new virtual asset group under the Financial Payment Bureau.

13. Bitmain plans to open its first factory in the U.S. by the end of the third quarter, initially hiring 250 local employees.