Old Zhu has spent the whole morning bringing the latest news on the dynamics of the cryptocurrency field for everyone, without further ado, let's get straight to the point.
1. White House AI and cryptocurrency director: The Trump administration plans to ban the issuance of CBDCs.
2. The Pantu Bitcoin ETF will be listed on July 18, becoming the first of its kind in Hong Kong this year.
3. JPMorgan CEO: Will participate in stablecoin and JPMorgan deposit coin related businesses.
4. Bitcoin faces a 'survival threat,' with a new proposal to freeze quantum vulnerable Bitcoins like those of Satoshi Nakamoto.
5. The UK releases a digital strategy for wholesale financial markets, promoting DLT and stablecoin innovation.
6. Henan issues risk warning: Beware of illegal fundraising under the name of stablecoins.
7. BlackRock quarterly report: Inflows into Bitcoin ETFs surged by 366% in Q2.
8. Financial Stability Board Chair highlights stablecoins as a key topic ahead of the G20 summit.
9. The U.S. House failed to pass procedural voting on the crypto bill, a second vote may take place on Wednesday.
10. California collaborates with executives from Ripple, Coinbase, and other crypto companies to enhance government efficiency.
11. SharpLink surpasses the Ethereum Foundation with over 280,000 ETH holdings, becoming the largest corporate holder of ETH globally.
12. GameStop CEO: Buying Bitcoin is to hedge against inflation, will not mimic Strategy's model.
13. Kraken launches derivatives service Kraken Derivatives US in the U.S. market.
14. The U.S. House Rules Committee approves the crypto bill for full chamber consideration.
15. The final vote on U.S. (GENIUS bill) and two other crypto legislative measures is expected tomorrow or Thursday.
16. Binance issues an important risk warning regarding Binance Alpha and user security education.
17. Mastercard executive: 90% of stablecoin transaction volume is trapped in the crypto field, daily payment realization faces long and arduous paths.
Old Zhu summarizes and analyzes
Global policy and regulatory focus
U.S. policy game
CBDC ban promotion: The Trump administration plans to prohibit the issuance of central bank digital currencies (CBDC), indicating a conservative stance on sovereign digital currencies in the U.S.
Crypto bill progress: The House failed to pass procedural voting on a key crypto bill, but the Rules Committee has approved it for full chamber consideration, with the final vote expected on July 17 or 18 (involving the (GENIUS bill) and two other legislations).
International cooperation and risk warning
G20 focuses on stablecoins: Financial Stability Board (FSB) Chair lists stablecoins as a key topic for the G20 summit, calling for global regulatory coordination.
China local warning risks: Henan issues an announcement warning of risks related to illegal fundraising under the name of 'stablecoins', reflecting the ongoing high-pressure regulatory environment domestically.
UK strategy upgrade
Promote DLT and stablecoin innovation, accelerating the integration of traditional finance and blockchain through a digital strategy for wholesale financial markets.
Institutional dynamics and market signals
Traditional giants accelerate layout
JPMorgan: CEO confirms deep involvement in stablecoin and deposit coin (JPM Coin) business, strengthening institutional-level blockchain services.
BlackRock: Q2 Bitcoin ETF inflows surged by 366%, institutional funds continue to flow into the crypto market.
Mastercard: Executives point out that 90% of stablecoin transaction volume is trapped in the crypto ecosystem, with payment scenarios still facing technical and regulatory bottlenecks.
Hong Kong ETF market breakthrough
Pantu Bitcoin ETF (first of its kind in Hong Kong this year) will be listed on July 18, providing compliant exposure for Asian investors.
Corporate holdings abnormal change
SharpLink surpasses the Ethereum Foundation with over 280,000 ETH (approximately $840 million) holdings, becoming the largest corporate holder of ETH globally, possibly indicating long-term bullish sentiment from institutions.
Technical security and ecological challenges
Bitcoin Quantum Threat Proposal
New proposal aims to freeze early wallets of Satoshi Nakamoto (about 1 million BTC) and other quantum vulnerable addresses to counter future computing threats, but raises risks of community division.
Exchange Dynamics
Kraken launches derivatives service in the U.S., expanding compliant trading categories.
Binance issues risk warning, strengthening user security education (suspected to be related to new fraud strategies).
Corporate strategy and trend insights
GameStop: CEO clarifies that holding Bitcoin is for inflation hedging, denies mimicking MicroStrategy's aggressive holding strategy.
Ripple & Coinbase: Participate in California government collaboration project to promote blockchain enhancement of public sector efficiency (tax collection, payments, etc.).
Key news for the next two days:
U.S. House second vote on crypto bill (July 17).
Pantu Bitcoin ETF listed in Hong Kong (July 18).
