An in-depth analysis of Hong Kong’s latest stablecoin bill is conducted to clarify multiple misunderstandings in the market.

Key Takeaways:Binance futures volume surged to $2.55 trillion in July, the highest level since January 2025, amid sharp Bitcoin and altcoin price swings.Binance led the global crypto derivatives market, accounting for more than 50% of total volumes across major exchanges.The spike in volume reflects renewed trader activity, market speculation, and rising institutional interest during volatile conditions.Bitcoin futures open interest remains elevated near $79 billion, though down from its record high of $88B in mid-July.Binance Dominates Crypto Derivatives Market in JulyCrypto derivatives trading surged to multi-month highs in July, with Binance posting a six-month record of $2.55 trillion in futures trading volume, according to analyst J.A. Maartun from CryptoQuant. The increase marks a sharp rebound in trader activity as Bitcoin (BTC) and altcoins experienced volatile price swings throughout the month.“The jump in volume followed a month of sharp price moves in both Bitcoin and altcoins,” said Maartun, noting that the broader crypto market briefly hit a record $4 trillion in total capitalization before pulling back near the end of July.Binance Maintains Clear Lead Over Other CEXWhile competitors OKX and Bybit also saw increased activity — posting $1.09 trillion and $929 billion in derivatives volume respectively — Binance maintained its position as the undisputed market leader, handling over 50% of all derivatives trades across major exchanges.This surge reflects both renewed retail participation and institutional hedging strategies during uncertain market conditions.“The increase in trading suggests more users are active again, possibly due to the recent price breakout,” Maartun said.Daily Trading Volume Hits $134 Billion at PeakAccording to CoinGecko data, Binance currently processes around $82 billion in daily futures volume, with a peak of $134 billion reached on July 18 — the highest single-day volume in the past four months.Binance remains the top exchange by liquidity and number of tradable pairs, offering over 568 derivatives pairs to both institutional and retail clients.Why Futures Volume MattersThe uptick in futures activity is not just about speculation — it’s also a key driver of price discovery. Crypto futures contracts allow traders to bet on future price movements of assets like Bitcoin and Ethereum without directly owning them, creating a more dynamic and leveraged market.Higher derivatives volumes often correlate with:Increased market volatilityHigher institutional participationShifts in investor sentimentOpen Interest Stays Elevated — A Risk to WatchTotal Bitcoin futures open interest (OI) — the value of outstanding derivative contracts — remains high at around $79 billion, according to CoinGlass. While slightly below the record $88B OI seen in mid-July, the current level indicates significant leverage is still in the system.Historically, when OI reaches extreme levels, it raises the risk of a leverage flush-out — sudden liquidations that can trigger sharp spot market drops.Derivatives Drive Market MomentumThe surge in Binance futures volume signals more than just trader excitement — it shows that derivatives are once again playing a central role in crypto market momentum. As Bitcoin hovers near key technical levels and macroeconomic uncertainty remains elevated, the futures market will be closely watched for signs of trend reversals, breakouts, or liquidations.With Binance commanding the lion’s share of the action, its futures desk continues to be a critical barometer for crypto market sentiment and institutional positioning, according to Cointelegraph.

According to BlockBeats, the U.S. government is set to announce the results of its investigation under Section 232 concerning global industries such as semiconductors, pharmaceutical ingredients, servers, critical components, and minerals. Economists suggest that following the release of the findings, U.S. President Donald Trump will have 90 days to act upon receiving the report. During this period, countries will have the opportunity to negotiate with the United States, similar to the reciprocal tariffs discussed in early April. The implementation of Section 232 tariffs and plans is not expected to occur immediately. The U.S. may propose an investment framework or structure to further negotiate terms with other countries regarding investments in the U.S., potentially involving varying durations and amounts in exchange for reduced tariff rates. Economists speculate that semiconductor tariff rates could range between 20% and 35%.

According to Foresight News, Galaxy Digital's founder and CEO, Michael Novogratz, stated during the company's second-quarter earnings call that the trend of companies incorporating cryptocurrencies into their balance sheets may have reached its peak. He emphasized the importance of observing which existing companies will emerge as leaders in the industry.

The Philippine SEC has issued a public notice identifying 10 crypto exchange platforms for operating without proper regulatory authorization. source: https://ihodl.com/topnews/2025-08-06/philippine-sec-takes-action-against-unlicensed-crypto-exchanges/

Summary: Why is the Philippine SEC cracking down on unregistered crypto exchanges? The SEC is targeting unregistered crypto exchanges like OKX and Bybit to protect Filipino investors from risks such as fraud and loss of funds. These exchanges lack proper licenses and operate without approval, putting users at risk. The crackdown aims to create a safer, more regulated trading environment for all crypto participants. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version source: https://news.shib.io/2025/08/06/philippines-sec-targets-okx-bybit-kucoin-among-unregistered-crypto-exchanges/

XRP (CRYPTO: XRP) is reeling from an ongoing correction, which is weighing on the token’s price despite institutional interest. source: https://www.benzinga.com/crypto/cryptocurrency/25/08/46890232/xrp-down-5-in-1-week-what-is-going-on?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Meme coins are known for hype, volatility, and short lifespans. But Little Pepe ($LILPEPE) is trying to rewrite that narrative. With over $16M raised across multiple presale stages, the project is building more than a token – it’s launching its own Layer 2 blockchain for meme coins, complete with zero-tax trading, bot protection, and a fully integrated launchpad for new projects. As speculation rages across the meme coin sector, Little Pepe is positioning itself as the infrastructure that future meme tokens can rely on – offering fast, secure, and low-cost transactions on a blockchain purpose-built for virality source: https://www.newsbtc.com/news/meme-coins-get-an-upgrade-with-little-pepe-layer-2/

شهد سهم أوبر تكنولوجيز إنك (UBER) ارتفاعًا ملحوظًا خلال جلسة تداول اليوم، حيث أغلق عند سعر 90. 86 دولار أمريكي، بزيادة قدرها 2. 43 دولار، وهو ما يمثل نموًا بنسبة 2. 75%. يُظهر نطاق تداول السهم اليومي بين 89. 05 دولار و90. 95 دولار أن هناك نشاطًا إيجابيًا ومستمرًا في التداولات. وقد تم تداول أكثر من 16. com. source: https://www.tradersup.com/%d8%a3%d8%ae%d8%a8%d8%a7%d8%b1-%d8%a5%d9%82%d8%aa%d8%b5%d8%a7%d8%af%d9%8a%d8%a9/%d8%a3%d8%ae%d8%a8%d8%a7%d8%b1-%d8%a3%d8%b3%d9%87%d9%85-%d8%a7%d9%84%d8%aa%d8%af%d8%a7%d9%88%d9%84-%d8%a7%d9%84%d9%8a%d9%88%d9%85/%d8%b3%d8%b9%d8%b1-%d9%84%d8%b4%d8%b1%d8%a7%d8%a1-%d8%b3%d9%87%d9%85-%d8%a7%d9%88%d8%a8%d8%b1%d8%9f/146214

According to BlockBeats, data from CME's FedWatch tool suggests an 87.4% probability of a 25 basis point rate cut in September, while the likelihood of maintaining the current interest rate stands at 12.6%.

null source: https://x.com/DaanCrypto/status/1953043638931403228

Swedish Prime Minister Ulf Kristersson is facing heavy backlash after openly revealing that he frequently uses ChatGPT to help guide his political thinking.

The capital market in 2025 is experiencing a wave of "mass IPOs of crypto exchanges."

Two Chinese nationals based in California have been charged with illegally exporting advanced Nvidia AI chips to China by routing shipments through Southeast Asia. Their company, ALX Solutions, allegedly carried out over 20 unlicensed exports and received millions in payments from entities in China.

Stablecoins have become the hottest topic, not only in the fields of technology, finance, and economics, but also in major social news, communities, and social platforms, where related content can be seen making headlines.

U.S. President Donald Trump has sparked controversy once again by alluding that he has interest running for a third term in 2028, despite it being literally impossible based on the current American constitution.

Eight years ago, Tom Lee accurately bet that Bitcoin would surge 10 times. Now, why did he choose to go all in on Ethereum?

Hong Kong's new stablecoin regulations, which came into effect in August 2025, are centered around KYC real-name requirements and licensing thresholds, triggering a restructuring of the industry: giants are accelerating their entry, small and medium-sized players are under pressure, and DeFi is temporarily excluded.

DeFi, cryptocurrency, Web 3.0—why are today's crypto projects no longer exciting? Golden Finance supports projects with grand visions that inspire people's dreams.

Cloudflare has leveled serious accusations against Perplexity AI, the fast-rising $18 billion AI search startup, claiming the company used stealth tactics to scrape content from websites explicitly blocking its bots.