Organized by: Nona
Fear and Greed Index: 56 (Greed)
Bitcoin Price: $115,047
BTC/ETH Spot ETF Fund Flows (Last Week)
BTC Net Inflow: $547.82 M
ETH Net Inflow: $2.85 B
Regulation/Macro
The Indian tax department is engaging in tax policy dialogue with local cryptocurrency industry participants
According to reports from India (Economic Times), the Central Board of Direct Taxes (CBDT) has communicated with local cryptocurrency industry participants, requesting feedback on issues such as VDA (Virtual Digital Assets) regulation, trading volume outflows, tax frameworks, loss deductions, the impact of a 30% tax rate, TDS enforcement challenges, and tax fairness for domestic and foreign exchanges.
Renmin University of China Law School has launched a legal training course on the disposal of virtual currencies involved in cases, stablecoins, and RWA
Renmin University of China Law School has launched a legal training course on the disposal of virtual currencies involved in cases, stablecoins, and RWA, and has released enrollment guidelines. 'In response to practical needs and to enhance the professional capabilities of legal practitioners in cases related to virtual currencies, Renmin University of China Law School will rely on its interdisciplinary advantages in financial technology and law, collaborating with authoritative experts, and plans to hold an advanced training course on the disposal of virtual currencies involved in cases, stablecoins, and RWA from August 29 to 31 at Renmin University, systematically analyzing the legal attributes, regulatory frameworks, disposal procedures, compliance processes, and investment opportunities of these digital assets to help practitioners tackle new legal challenges.'
Japan Will Approve the First Yen-Denominated Stablecoin JPYC
The Financial Services Agency of Japan will approve the country's first issuance of a yen-denominated stablecoin JPYC this month. The Financial Services Agency of Japan will register the financial technology company JPYC Inc. as a remittance business company, expecting to start sales within weeks after registration. The digital currency will be backed by liquid assets such as government bonds to maintain its value stable at 1 JPYC = 1 yen.
Project/Company Dynamics
CMB International Securities Officially Launches Virtual Asset Trading Services
CMB International Securities has officially provided virtual asset trading services. Qualified investors can directly participate in Bitcoin, Ethereum, and USDT trading through virtual asset accounts. In the future, within the risk control and compliance management framework, CMB International Securities will expand the scope of virtual asset trading and upgrade its functions.
Jeju City in South Korea has implemented virtual currency seizure procedures against about 50 tax delinquents
According to Newsis, the capital city of Jeju Province in South Korea has initiated virtual currency seizure procedures against tax delinquents. The city announced that it recently completed a comprehensive investigation of virtual asset holdings of tax delinquent taxpayers and will use virtual asset seizures to recover unpaid taxes. The investigation confirmed that 49 individuals held virtual assets worth 230 million Korean Won.
Japanese real estate company Lib Work plans to purchase Bitcoin worth 500 million yen this year
Japanese real estate company Lib Work Co plans to purchase Bitcoin worth 500 million yen (approximately $3.4 million) between September and December 2025 to combat inflation risks and seek growth opportunities.
Capital B Raises Approximately €2.2 Million to Advance Its Bitcoin Reserve Strategy
European listed company Capital B (formerly The Blockchain Group) announced that it raised approximately €11.5 million through a stock issuance, fully subscribed by Adam Back. The funds are expected to acquire approximately 17 Bitcoins, bringing the company's potential total holdings to 2,218 Bitcoins.
The vote for the LayerZero Foundation's acquisition proposal of Stargate has begun, with current support at 97.09%
The vote for the LayerZero Foundation's acquisition proposal of Stargate has begun, with current support at 97.09%, and voting will end on August 24.
The Qubic community has listed Dogecoin as the next target for a 51% attack test
After successfully launching a 51% 'attack' on Monero, Qubic's founder Sergey Ivancheglo sought community opinions on which ASIC-supported Proof of Work (PoW) blockchain should be targeted next for a 51% 'attack', with candidates including DOGE, Kaspa, and Zcash. Today, Ivancheglo announced that Dogecoin received the vote.
Thailand has launched a 'Tourist Wallet', while the cryptocurrency function is still in sandbox testing
Thailand has launched a QR code payment 'Tourist Wallet' for exchanging foreign currency into Thai Baht, but the cryptocurrency exchange function will only be enabled after regulatory authorities complete their review in mid-August. The Bank of Thailand stated that the 'Tourist Wallet' aims to solve practical problems, with cross-border QR code payments currently only interconnected with eight partner countries, including Singapore and Malaysia, and will soon be connected to China's payment system via UnionPay. Tourists can top up their wallets through service provider counters, foreign debit cards and credit cards, or overseas bank transfers. Consumption limits apply, with merchants equipped with card terminals limited to 500,000 Thai Baht per month (approximately $13,800), and small shops limited to 50,000 Thai Baht. Cash withdrawals are prohibited, and accounts can only be closed through redemption.
In-depth & Prospective
Six strategies for investing in crypto assets: Web3 investment and RWA after stablecoin compliance
How does AI carry out value transfer and asset confirmation? It cannot do so through traditional bank KYC. Web3 is the infrastructure for AI's economic activities. Therefore, public chains that provide a friendly environment for AI users and AI agents will have tremendous growth potential in the future. Currently, coins claiming to be 'AI concepts' are speculative, but true projects serving the AI ecosystem will undoubtedly emerge in the future.
Encrypted OTC: The 'Invisible Engine' of Stablecoin Payments in Africa
Thus, encrypted OTC trading has become a core component for stablecoin payment companies, especially for these 'small currencies, remittance-challenged countries' in Africa. The lack of local financial infrastructure and the failure of traditional channels have driven the robust development of the encrypted OTC market, whose efficient deposit/withdrawal services enable corporate funds to circulate safely and quickly between fiat and stablecoins.
Opinion
Why has the traditional regulatory system become a joke on the blockchain?
Why is it said that the traditional regulatory system has almost completely failed on-chain? This leads us to examine a ridiculous regulatory rule that global regulatory agencies continue to implement—The Travel Rule.
FinCEN MSB is just a ticket to entry; what licenses do compliant US stock token trading platforms need?
For compliant US stock token trading platforms, this is almost a necessary license. Because even if most US stock token trading platforms do not directly involve USD deposits and withdrawals, their businesses are essentially based on receiving and transmitting stablecoins pegged to the USD, which aligns with FinCEN's definition of CVC, thus touching FinCEN's regulation.
