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According to The New York Times: U.S. President Trump submitted his first public financial disclosure report during his term. The report shows that Trump earned $57 million through his family's cryptocurrency company, while other sources including guitars, sneakers, watches, and books brought him millions of dollars.

Bloomberg: Ant International will immediately apply for a stablecoin issuance license after the Hong Kong 'Stablecoin Regulation' takes effect in August, to strengthen the company's blockchain business and support its cross-border payment and fund management services. In addition to Singapore, the company also plans to apply for a license in Luxembourg.

David Sachs, the cryptocurrency chief of the White House, stated that China is only 3-6 months behind the United States in the field of artificial intelligence and warned that excessive regulation in the United States could harm innovation in the industry.

The Hong Kong SAR Government today designated August 1, 2025, as the implementation date for the "Stablecoin Ordinance."
The Secretary for Financial Services and the Treasury, Christopher Hui, stated: "Once the Ordinance comes into effect, the licensing system will provide appropriate regulation for relevant stablecoin activities, marking a milestone in promoting the sustainable development of Hong Kong's stablecoin and digital asset ecosystem."

Bank of America Weekly Fund Flow Data:
Global stock markets saw an outflow of $9.5 billion, marking the largest single-week outflow this year; outflows from the Japanese stock market reached $11.6 billion, setting a record for the largest single-week outflow in history, while emerging markets experienced the largest single-week inflow of the year; the US stock market saw outflows for the second consecutive week, and European stock markets have seen outflows for the seventh consecutive week.
The cryptocurrency market experienced an inflow of $2.6 billion, marking the largest weekly increase since January.

National Internet Information Office: Recently, the Internet Information Office, together with financial management departments, will legally handle a batch of accounts and websites that spread false information about the capital market, engage in illegal stock recommendations, and speculate on virtual currency trading.

JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other major U.S. banks are exploring whether to jointly issue stablecoins to address the increasingly fierce competition in the cryptocurrency industry. Negotiating parties include Zelle payment system operator Early Warning Services and the real-time payment network Clearing House.

The Legislative Council of the Hong Kong Special Administrative Region today passed the 'Stablecoin Regulation Draft'. The 'Draft' establishes a licensing system for the issuance of fiat stablecoins in Hong Kong and improves the regulatory framework for virtual asset activities in Hong Kong. After the implementation of the 'Stablecoin Regulation', anyone issuing fiat stablecoins in Hong Kong during the course of business, or issuing fiat stablecoins claiming to be pegged to the value of the Hong Kong dollar in or outside of Hong Kong, must apply for a license from the Financial Management Commissioner. Relevant individuals must comply with regulations concerning reserve asset management and redemption, including properly segregating client assets, maintaining a sound stabilization mechanism, and processing redemption requests from stablecoin holders at face value under reasonable conditions.