Selected News
1. JD.com and Ant Group may struggle to appear on the first batch of Hong Kong stablecoin license lists
2. Overview of this week's unlocking data: ENA, IMX, MOVE, and others will face a significant token unlock
3. The market is rebounding, and some altcoins are the first to surge, with ENA rising 17% in 24 hours
4. Influenced by Musk's retweet, the Grok humanoid companion concept meme coins all surged
5. The S&P 500 has been above the 20-day moving average for 68 consecutive days, and market volatility is expected to intensify
Articles & Threads
1. (What Trump wants to hype from SEC's Project Crypto)
On July 31, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), announced a far-reaching new policy - 'Project Crypto'. This blockchain reform plan led by the SEC has a clear goal: to completely rewrite the regulatory logic of the U.S. in the era of crypto assets, allowing financial markets to 'move on-chain' and achieving the grand vision depicted by the Trump administration - making the U.S. the 'crypto capital of the world'. The previous model of 'enforcement instead of regulation' not only caused innovative companies in the crypto space to relocate to Singapore and Dubai but also missed the opportunity for the U.S. to lead the next generation of financial infrastructure. The launch of 'Project Crypto' is different from the regulatory suppression tone of the past few years; it undoubtedly sends a strong signal to the entire industry: the on-chain era in the U.S. starts now.
2. (The 'Trump Factor' behind American Bitcoin)
At the beginning of Trump's second term, Asher Genoot, CEO of source infrastructure company Hut 8, and Michael Ho, Chief Strategy Officer, enjoyed thin-crust pizza with Eric Trump at Trump's golf club in Jupiter, Florida. Genoot recalls that they talked for hours and proposed a business plan that intrigued Eric Trump: forming a Bitcoin mining alliance.
Market Data
Daily overall market funding heat (reflected by funding rates) and token unlocks
Data Source: Coinglass, TokenUnlocks
Funding Rate
Token Unlock
