New SEC ETF Guidelines: Grayscale Fund Approved for Conversion, Overview of Global Encryption Regulatory Dynamics

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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.

BTC0.07%
ETH0.61%
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LayoffMinervip
· 5h ago
BTFD的suckers终于要发芽了
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AirdropHarvestervip
· 07-21 02:39
Bull and bear have arrived, after all it's a red cup.
View OriginalReply0
MysteryBoxOpenervip
· 07-21 02:35
A good market is what we have.
View OriginalReply0
ForkTonguevip
· 07-21 02:18
Another field of suckers.
View OriginalReply0
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