🌍 Policy regulation
1.
Hong Kong's new stablecoin regulations officially take effect
The Hong Kong Monetary Authority implements a stablecoin issuer licensing system from August 1, requiring 100% fiat reserves and a minimum capital of HKD 25 million. The first batch of licenses is expected to be issued in early 2026, promoting the expansion of the compliant stablecoin market. HKMA President Eddie Yue emphasizes that the new regulations will consolidate Hong Kong's status as a global digital asset hub.
2.
Trump nominates new Federal Reserve board members
Trump announces he will fill the vacant positions on the Federal Reserve Board in the coming days, working with Treasury Secretary Bessent to select candidates. This move may accelerate the interest rate cut process and alleviate liquidity pressure in the crypto market.
3.
Hainan builds a digital economy innovation center
China's Hainan plans to build a digital economy pilot zone, exploring the application of blockchain technology in cross-border trade and supply chain finance, promoting RWA compliance pilot programs.
💰 Market dynamics
4.
Whale ETH staking and high leverage profits
a.
An institution fully stakes 15,846 ETH (approximately $58 million), continuing the "buy-stake" strategy.
b.
Trader "jasonleo" profits nearly $10 million from three contract trades, accurately maneuvering ETH fluctuations (leverage not disclosed).
5.
Trump's crypto donations exceed $26 million
Before the midterm elections, the crypto industry donated over $26 million to Trump's campaign team, mainly from institutions like Blockchain.com ($5 million), Gemini ($3 million), etc. The Trump family's crypto holdings have also increased in value.
🚀 Project progress
6.
Linea ecosystem DEX launches REX token
a.
The decentralized exchange Etherex will launch its native token REX on August 6, adopting an x33 economic model: 100% of transaction fees go to xREX voting users.
b.
25% of tokens allocated to liquidity providers
Built on Consensys' Ramses v3 technology, strengthening the Layer2 DeFi ecosystem.
7.
Coinbase UK ad controversy
UK bans Coinbase ads; CEO Armstrong claims "suppressing counter-promotion" and plans to expand user reach through social media.
⚠️ Risks and anomalies
8.
Reward for stolen Satoshi statue in Switzerland
The statue of the Bitcoin founder in Lugano was stolen, and the art organization Satoshigallery offers a reward of 0.1 BTC (about $11,000) for clues. The statue symbolizes Bitcoin's anonymity, and the theft exposes security vulnerabilities in offline crypto symbols.
Data source: Monetary Authority announcement / On-chain monitoring / Campaign documents
Analyst: Chengzhi Research Institute
💡 Today's strategy tip:
● Pay attention to compliant Hong Kong stablecoin targets (such as trust bank stocks)
● Beware of liquidity tightening triggered by the surge in ETH staking
● The launch of Linea ecosystem tokens may trigger short-term volatility
⚠️ Risk warning: Personnel changes at the Federal Reserve may exacerbate policy uncertainty; high-leverage trading requires strict stop-loss measures.