Compiled by: Nona
Fear and Greed Index: 62 (Greed)
Bitcoin Price: $118,673
BTC/ETH Spot ETF Fund Flow (7.30)
BTC Net Inflow: $47.04 M
ETH Net Inflow: $5.79 M
Regulatory/Macro
Song Ke, Executive Vice President of the Shenzhen Research Institute of Renmin University of China: The Hong Kong Dollar stablecoin provides more possibilities for the cross-border application of digital RMB.
Song Ke, Executive Vice President of the Shenzhen Research Institute of Renmin University of China, stated that Hong Kong's (Stablecoin Regulations) is the world's first comprehensive regulatory framework for fiat-backed stablecoins. From a global perspective, this regulation has a demonstrative effect on the formulation of stablecoin policies. In his view, after the implementation of the (Stablecoin Regulations), relevant institutions will be able to quickly transform the pilot experience accumulated in the early stages into actual products, accelerating the formation of a stablecoin ecosystem in Hong Kong. Moreover, by promoting digital RMB and Hong Kong Dollar stablecoins, dependence on the US dollar clearing and settlement system can be gradually reduced.
Hong Kong Monetary Authority: Stablecoin issuers need to 'identify and prevent' customers from using VPNs.
The Hong Kong Monetary Authority has released regulatory guidelines for licensed stablecoin issuers (Stablecoin Regulations). Among them, licensed stablecoin issuers are required to 'ensure that they do not issue or offer the specified stablecoin in jurisdictions where trading of the specified stablecoin is prohibited' and 'the licensee should implement control measures to mitigate the risks of remote customer identity verification procedures and location masking (such as using virtual private networks, i.e., VPNs) during daily operations.'
The Bank of Japan has kept the benchmark interest rate unchanged for the fourth consecutive time.
The Bank of Japan keeps the benchmark interest rate unchanged at 0.5%, marking the fourth consecutive meeting of inaction, in line with market expectations.
The US imposes a 50% tariff on Brazil and a 15% tariff on South Korea.
US President Trump announces a 50% tariff on Brazil, effective seven days later. Additionally, the US will impose a 15% tariff on South Korea.
The White House proposes that Congress consider legislation to require taxpayers to declare overseas digital asset accounts.
The White House, in its digital asset report, calls on Congress to consider legislation to require US residents and companies to declare overseas digital asset accounts during tax filing. The Trump administration stated that this move would help prevent Americans from transferring crypto assets abroad. The policy proposal states that this policy shift will promote the development and use of digital assets in the US and alleviate concerns about the lack of reporting mechanisms that could disadvantage the US or US digital asset trading platforms.
The White House releases a digital asset report, with no substantial updates on the Bitcoin reserve plan.
The White House released a digital asset report that outlines a national strategy aimed at positioning the US as a global leader in blockchain, cryptocurrency markets, and tokenized finance. The report covers a wide range of digital asset policy areas but does not provide substantial updates on the government's planned Bitcoin reserve, merely reiterating statements from President Trump's January executive order, without listing subsequent steps or implementation timelines. This report stems from an executive order signed by President Trump in January, which established an interdepartmental working group on emerging technologies such as digital assets and artificial intelligence. This 166-page document was led by David Sacks, head of cryptocurrency and AI affairs at the White House, and executive director Bo Hines, incorporating opinions from the Treasury Department, Department of Commerce, US Securities and Exchange Commission (SEC), and US Commodity Futures Trading Commission (CFTC), listing multiple proposals regarding regulatory simplification, innovation support, and regulatory modernization.
Project/Company Dynamics
The CoinDCX attack incident originated from a hacker installing malware on an employee's computer.
The attack incident on Indian cryptocurrency exchange CoinDCX originated from employee Rahul Agarwal's computer, where hackers installed malware under the guise of part-time work, leading to approximately $44 million in cryptocurrency theft. The company's vice president Hardeep Singh reported the incident on July 22. An internal investigation revealed that Rahul Agarwal received 1.5 million rupees as part-time income but denied involvement. The police have filed a case based on IT laws and BNS provisions, and Rahul Agarwal has been arrested by the police on suspicion of committing a crime.
Cornerstone Research: There were a total of 6 cryptocurrency class-action lawsuits in the US in the first half of this year, close to the total for last year.
Cornerstone Research released a report stating that in the first half of 2025, the number of class-action lawsuits initiated by investors related to cryptocurrency and artificial intelligence in the US has approached the total for the entire year of 2024. Among them, there were 12 complaints related to artificial intelligence and 6 related to cryptocurrency (last year there were 7 cryptocurrency-related class-action lawsuits). Among the 6 lawsuits filed, half were against cryptocurrency issuers, and 1 was against cryptocurrency miners. Additionally, most of these complaints were filed by the law firm Burwick Law, including claims against LIBRA and Pump.fun.
Five addresses from the Satoshi Nakamoto era transferred 250 Bitcoins to two new addresses after being dormant for 15.3 years.
Five addresses from the Satoshi Nakamoto era (or belonging to the same entity), starting with 1A1z7, 13giE, 12EWR, 1NuqA, and 1497J, transferred 250 Bitcoins to two new wallet addresses starting with bc1qn after being dormant for 15.3 years, valued at approximately $29.64 million.
Security company Check Point: Beware of malicious program JSCEAL attacking cryptocurrency users through counterfeit applications.
Security company Check Point warns that a malicious program named 'JSCEAL', active since March 2024, has been attacking nearly 50 commonly used cryptocurrency applications such as Binance and MetaMask through fake ads, inducing users to download and implant trojan programs, potentially affecting over ten million people worldwide. This trojan, written in JavaScript and equipped with anti-detection mechanisms, can steal wallet information, account passwords, Telegram data, and browser cookies, mainly disseminated through ads on platforms like Facebook.
Canaan Creative: Adopting a cryptocurrency holding policy, designating Bitcoin as the primary long-term reserve asset.
Canaan Creative announced the adoption of a cryptocurrency holding policy, designating Bitcoin as the company's primary long-term reserve asset, unless needed for liquidity management or risk avoidance. Bitcoins accumulated through business activities (including self-mining and selling mining equipment) will typically be held long-term. The company may occasionally acquire other cryptocurrencies in daily operations. As of June 30, 2025, the company's Bitcoin reserves reached 1,484 coins.
In-depth & Outlook
Insights into the implementation of Hong Kong's stablecoin policy, this is all you need to know.
According to incomplete statistics, dozens of institutions have indicated that they will apply for stablecoin licenses. Meanwhile, more local banks, technology companies, and Web3 teams are making further preparations around clearing systems, custody mechanisms, and payment interfaces.
Powell's 'Deadlock': Is the Fed's independence being hollowed out by fiscal policy?
'When debt interest payments rise and fiscal surpluses are politically unfeasible,' wrote former US Treasury economist David Beckworth, 'sacrifices must be made. These sacrifices are more debt, more money creation, or both.'
Opinion
Re-evaluation of the US Stablecoin 'Genius Act': The way the US defends its financial hegemony.
Stablecoins have high global payment efficiency; traditional cross-border payments take days to settle, while stablecoins can achieve settlement in seconds, reducing costs by over 90%. In underbanked regions, Tether (USDT) has deepened its efforts, expanding the use of the US dollar stablecoin.
How to make US stocks great again?
As the largest securities market in the world, the US stock market rarely disappoints its investors, but there are still too many countries and regions where investors cannot access such assets, missing out on wealth.
