This year, 42 companies have successfully listed on the Hong Kong stock market, with a total fundraising amount exceeding HK$105.5 billion. One IPO bell ringing ceremony after another has sent one company after another to the overseas capital market. How to interpret it?

Odaily Planet Daily News Senator Tim Scott and Cynthia Lummis and others released a draft of crypto market regulation, which is intended to be promoted on the basis of the Digital Asset Market Clarity Act (CLARITY Act) passed by the House of Representatives. The draft requires the SEC to adjust regulatory rules based on the characteristics of crypto assets and define "auxiliary assets" to clarify the scope of non-securities digital assets. The goal is to reach a legislative consensus before September 30. (The Block)

TL;DR Coinbase has introduced CFTC-regulated perpetual futures contracts for Bitcoin and Ether, offering U. S. traders up to 10x leverage with extended five-year expirations. This launch marks a strategic move amid new legislation like the GENIUS Act and the Clarity Act, which are shaping clearer crypto frameworks. With this step, Coinbase aims to bridge the gap. . . source: https://crypto-economy.com/coinbase-launches-bitcoin-and-ether-perpetual-futures-with-10x-leverage/

TL;DR SpaceX activated a dormant Bitcoin wallet for the first time in three years, moving 1,308 BTC ($150M) to a new address and sparking rumors of a sale, security reshuffle, or strategic crypto play. The minimal $30 fee and zero spending from the receiving address suggest an internal treasury migration, not an outright liquidation, while. . . source: https://crypto-economy.com/mysterious-bitcoin-move-by-spacex-raises-eyebrows-in-crypto-world/

Telegram rolls out TON Wallet to US users, enabling self-custodial crypto transactions, DeFi access and off-ramp features within the app. source: https://cointelegraph.com/news/telegram-launches-native-crypto-wallet-for-87m-us-users?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Odaily Planet Daily News Strategy founder and CEO Michael Saylor published an article on the X platform, revealing that MSTR has generated 93,191 bitcoins of book gains so far this year, worth about $11.1 billion. In the first three weeks of July alone, the company realized 5,668 bitcoins of book gains, worth $676 million.

Odaily Planet Daily News Crypto Beast (@cryptobeastreal) has cancelled its X account. Earlier news, ZachXBT accused Crypto Beast of manipulating the ALT crash, and the associated wallet cashed out more than $11 million.

null source: https://x.com/BTC_Archive/status/1947651458351906950

According to Odaily, on July 22, Web3 security firm CertiK released the 'Skynet 2025 First Half Stablecoin Panorama Report,' highlighting global regulation as a key driver in the evolution of the stablecoin industry. With legislative progress on the U.S. 'STABLE Act' and 'GENIUS Act,' and the formal implementation of the EU's 'MiCA' regulations, compliance has become crucial for stablecoins to gain market trust. The report notes that institutional projects with licenses and transparent reserves are gaining higher market trust, while issuers that have not completed compliance are gradually being marginalized by mainstream trading platforms. Traditional financial institutions like Société Générale and Bank of America are accelerating their stablecoin business layouts, promoting deeper integration between crypto assets and traditional finance. Under the dual drive of regulatory compliance and institutional participation, stablecoins are entering a new stage of development. The report predicts that stablecoins supported by real-world assets (RWA) and yield-generating models will become the main lines of innovation, potentially capturing 8% to 10% of the over $300 billion market by the end of the year. It also emphasizes that rigorous risk management, transparent operational mechanisms, and proactive compliance will be key to achieving long-term sustainable development for stablecoin projects.

The validator-led upgrade boosts throughput and signals next phase in L1 scaling. source: https://www.bankless.com/read/ethereum-pushes-gas-limit-to-45-million

null source: https://x.com/BTC_Archive/status/1947650826723369401

Recommended readings tonight: 1. Tracking the growing Trump crypto empire; 2. The final chapter of Diamond Hand: Four copycat targets I am optimistic about; 3. From uncertainty to dominance: A summary of US "Crypto Week" policy progress;

From chasing Alpha to defending Beta, lock in the four targets, note the current price, and see if you can outperform BTC and move into the next cycle.

After several high-profile setbacks against artificial intelligence, humans have finally defeated AI at one of the world’s most prestigious academic stages.

JPMorgan is planning to let clients borrow money using crypto like bitcoin and ether as collateral. This comes as rules around digital assets in the US become clearer and demand from wealthy clients grows.

Your crypto wallet is broadcasting your entire financial life to the world. Fortunately, new on-chain privacy technologies are giving you real control over your data.

Western Union is testing stablecoin payments in Latin America and Africa to make money transfers faster and cheaper. The move follows a new US law that supports stablecoin use, and the company may launch the service later this year.

In a move that could reshape the future of digital finance in the United States, leading banking trade groups are pushing back against federal regulators considering bank licenses for crypto firms.

Prosecutors in South Korea are investigating former First Lady Kim Keon-hee over possible links to a major crypto fraud case. They suspect her associates may have worked with a market manipulator behind scam coins that cost investors millions.

Trump may be using his presidency to profit massively from the crypto space for himself and his family.