Compiled by: Nona
Fear and Greed Index: 67 (Greedy)
Bitcoin Price: $118,320
BTC/ETH Spot ETF Capital Flow (7.21)
BTC Net Outflow: $131.35 M
ETH Net Inflow: $296.59 M
Regulation/Macro
Crypto America reporter Eleanor Terrett tweeted that the first White House crypto policy report will be officially submitted on July 22 local time and is expected to be released to the public by the end of this month. White House officials have confirmed the timeline.
Project/Company Dynamics
JPMorgan is considering allowing clients to apply for loan services using cryptocurrencies like Bitcoin and Ethereum as collateral, with plans potentially launching as early as next year.
Strategy plans to issue 5 million shares of variable-rate Series A Perpetual Preferred Stock (STRC shares), with funds raised to be used for general corporate purposes, including Bitcoin purchases and working capital supplementation.
US-listed electric vehicle company Volcon completed a $500 million private placement. Led by Empery, with participants including FalconX, Pantera, Borderless, RK Capital, Relayer Capital, etc. The funding will be used to establish a Bitcoin treasury. The company has currently purchased 280.14 Bitcoins.
Coolpad Group (02369.HK) announced the establishment of a "Real World Asset Tokenization Business Department" (RWA Business Department). The department aims to coordinate and promote key work such as RWA asset tokenization. The company had already started exploring Web3-related fields in 2023, and this RWA Business Department establishment aims to more systematically adapt to Web3 technological changes and actively respond to the innovative direction advocated by the Hong Kong Special Administrative Region Government's "Digital Asset Development Policy Declaration 2.0". The RWA Business Department will be directly led by the company's Chairman and CEO, Mr. Chen Jiajun.
Cathie Wood's Ark Invest sold 218,986 Coinbase shares on July 21, valued at approximately $90.58 million. Additionally, the company sold 109,824 Robinhood shares worth $11.46 million and 90,061 Block Inc. shares worth $7 million.
Depth & Outlook
Non-Fungible Token weekly trading volume exceeds $140 million, reaching a six-month high. Is the Non-Fungible Token market experiencing a temporary recovery or a harbinger of a comeback? Can it recreate its former glory with various favorable factors?
They perfectly demonstrate blockchain's core ability to "instantly transfer funds and value", making it possible to build a commercial closed loop on-chain - payment. However, payment is far more than just "point-to-point transfer", and true enterprise-level scenarios are far more complex than "sending money from A to B".
MicroStrategy's success largely benefited from BTC's super bull market, but as a copier, they may not have the same luck and operational capabilities. Therefore, the market heat brought by this operational subject is not much different from previous pure Crypto native narrative hype, essentially still a bold bet and trial-and-error - be sure to be cautious of investment risks.
Besides various project parties, for ordinary users, a more direct benefit is that when new stablecoin forces grab market share and liquidity through subsidies, retail investors can also arbitrage. In short, the stablecoin boom can be described as "big water, big fish" - seize your own slice of the pie.
