Crypto Assets Market Dynamics and Industry Trends

Regulation and Macroeconomic Environment

• The New Zealand government has introduced anti-money laundering reform measures, planning to ban Crypto Assets ATMs and limit international cash transfer amounts to $5,000. The Deputy Minister of Justice stated that the government aims to combat criminal activities while not imposing excessive barriers on legitimate businesses.

• The scale of U.S. national debt has reached a historic high of $36.58 trillion, breaking the record for the first time since February.

• Four major USD stablecoin issuers hold approximately $182 billion in U.S. Treasury bonds, exceeding the scale of countries like South Korea and the UAE. Tether has the largest holding, approximately $125 billion.

• A large stablecoin issuer has a secret vault in Switzerland, storing $8 billion worth of gold, approximately 80 tons. The company has become one of the largest holders of gold in the world, aside from banks and nations.

Project Updates

• Eigen Labs announced a restructuring plan, laying off about 25% of its workforce to focus on the development of the EigenCloud verifiable cloud platform. The company stated that it will provide compensation and support for the departing employees.

• A well-known trading platform will suspend token deposit and withdrawal services on the Polygon network on July 10th to support its network upgrade. This upgrade will optimize the consensus layer architecture and shorten the transaction confirmation time to about 5 seconds.

• A certain trading platform will remove the observation tag for ZEC and the seed tags for ENA, PYTH, TAO, and W.

• The Web3 wallet Phantom has launched perpetual contract trading features, with technical support provided by Hyperliquid. Initially aimed at EU users, it supports up to 40x leverage.

Market Data

• A dormant whale address that had been inactive for 4-6 years has recently become active, transferring 17,283 BTC worth approximately $1.88 billion within 24 hours.

• The Bitcoin spot ETF had a total net inflow of 80.08 million USD yesterday, marking a net inflow for 4 consecutive days.

• A suspected address associated with a large institution withdrew approximately $89.45 million worth of ETH from the exchange in the past week.

• On a large derivatives exchange, the futures trading volume of Solana has surpassed 4 billion USD.

• A well-known encryption investment institution has emptied its COMP holdings and will transfer 800,000 COMP to a trading platform soon, worth approximately 34.81 million USD.

Financing and Increasing Holdings

• The AI-driven Crypto Assets trading platform OlaXBT has completed a $3.38 million seed round financing, led by a well-known encryption institution.

• Japanese listed company Remixpoint raised 31.5 billion yen to purchase Bitcoin, planning to increase its holdings to 3,000 coins.

• The Japanese clothing chain Mac House plans to invest 1.7 billion yen to purchase Bitcoin, starting on September 17.

• GameSquare, a gaming and entertainment company, raised $8 million to launch an Ethereum fund management strategy.

• Sweden's H100 Group has raised approximately $54 million to advance its Bitcoin reserve strategy.

• Blockchain technology company BTCS plans to raise $100 million by 2025 to acquire Ethereum, aiming to become a leading publicly listed company in the Ethereum infrastructure sector.