🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
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✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
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3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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New SEC ETF Guidelines: Grayscale Fund Approved for Conversion, Overview of Global Encryption Regulatory Dynamics
Crypto Assets industry today news
Regulation and Macroeconomics
The US SEC has released new guidelines for Crypto Assets ETFs, detailing what ETF issuers need to disclose.
The SEC has approved the amendment to convert Grayscale's Digital Large Cap Fund into an ETF.
The People's Bank of China has issued new regulations: Starting from August 1, cash purchases of gold exceeding 100,000 yuan will need to be reported.
Hong Kong Chief Executive John Lee commented on the stablecoin licensing system, stating that it will enhance Hong Kong's financial competitiveness.
The Monetary Authority of Singapore tightens regulations on Crypto Assets trading to curb financial crime activities.
Project Dynamics
Robinhood has deployed over 213 stock tokens on Arbitrum, with a total cost of about 5 dollars.
The Ethereum Community Foundation has been established to enhance the value of ETH by funding "immutable and tokenless" projects.
The three co-founders of Backed Finance, the company behind xStocks, previously worked at the now-defunct DAOstack.
The Bitcoin Layer 2 network Botanix has launched its mainnet, reducing block time to 5 seconds.
Deutsche Bank plans to launch Crypto Assets custody services in 2026.
Institutional Dynamics
Deep-sea mining company Green Minerals has signed a financing agreement worth approximately $24.75 million to purchase more Bitcoin.
Software company Figma disclosed that it holds $69.5 million in Bitcoin spot ETFs and plans to purchase another $30 million in BTC.
The cross-border e-commerce DDC Enterprise has completed a $528 million financing, with net proceeds used to purchase Bitcoin.
Market Data
In June, CEX spot trading volume hit a 9-month low, while DEX trading volume surged to a record $390 billion.
In the first half of the year, listed companies purchased a total of 245,510 BTC, which is more than twice the amount bought by ETFs during the same period.
Ethereum closed Q2 with a 36.48% increase.