Author: TechFlow
Market Dynamics Yesterday
Powell made no comments on economic or monetary policy prospects in his speech
According to Golden Ten Data, Federal Reserve Chairman Powell stated that the Federal Reserve is a vibrant institution willing to listen to new ideas and feedback on how to improve the capital framework of large banks.
Powell made no comments on economic or monetary policy prospects in his speech.
Trump: Will conduct trade negotiations with the EU on Wednesday
According to Golden Ten Data, after announcing a trade agreement with Japan, US President Trump said that EU representatives will conduct trade negotiations with the United States on Wednesday. Trump stated, "Europe will come tomorrow, and some other countries will come the day after."
21Shares submits S-1 filing for ONDO ETF to SEC
According to The Block, 21Shares has submitted an S-1 application to the US Securities and Exchange Commission (SEC), planning to launch an exchange-traded product tracking the ONDO token. ONDO is the native token of the Ondo Finance platform, which focuses on tokenizing real-world assets (RWA) such as US Treasury bonds and money market funds.
Ondo Finance, founded by former Goldman Sachs employees, recently announced the acquisition of the US-regulated broker Oasis Pro and a partnership with Pantera to advance a $250 million RWA investment plan. Notably, Ondo is associated with former President Trump's World Liberty Financial DeFi project, which has purchased approximately $500,000 worth of ONDO tokens for its multi-asset vault.
Currently, dozens of crypto-related ETF proposals are awaiting SEC approval, with analysts raising the probability of XRP, Dogecoin, and Cardano ETF approvals to 90%.
Sources: Polymarket considering issuing its own stablecoin
According to CoinDesk, sources say that the crypto prediction market platform Polymarket is considering either launching its own custom stablecoin or accepting a revenue-sharing agreement with Circle based on platform USDC holdings. Creating its own stablecoin aims to control the yield-generating reserve assets supporting the large amount of USDC. A Polymarket representative stated that the stablecoin issue has not been decided. Sources suggest that from a regulatory perspective, Polymarket issuing its own stablecoin would be easier. The source noted that Polymarket locks up a large value of stablecoins and hopes to generate revenue, with a closed ecosystem that only needs to exchange USDC or USDT for a custom stablecoin, without worrying about deposit and withdrawal channels, making it simple and easy to ensure security and control. A Circle spokesperson did not respond to a comment.
On-chain detective ZachXBT accuses Crypto Beast of manipulating ALT token price crash, cashing out over $11 million
According to on-chain detective ZachXBT, crypto KOL Crypto Beast is alleged to have manipulated the ALT token price from $0.19 to $0.003 on July 14, causing the market value to crash from $190 million to $3 million.
ZachXBT discovered through on-chain analysis that Crypto Beast previously actively promoted the ALT token, with over 45 associated internal wallets selling tokens worth over $11 million. The wallet address publicly shared by Crypto Beast can be traced to a Celestia address that transferred funds to multiple exchanges, including Kucoin, Sideshift, Binance, and HTX, providing funds for sidechain wallets.
ZachXBT stated that Crypto Beast deleted all posts promoting the token after the crash, having previously denied any connection to the price plunge.
Sonic announces the opening of the first season airdrop, users can now claim 25% of the share
According to the official announcement, Sonic's first season airdrop is officially open, and users can now claim 25% of the allocated share. The remaining 75% will be linearly released in the form of Non-Fungible Tokens and gradually opened through the PaintSwap order book. The official reminder is that this airdrop is based on the Sonic mainnet whitelist activity and is unrelated to the pre-sale or TGE.
Delphinus Lab: ZKWASM token airdrop eligibility query page is now online
In an official announcement, Delphinus Lab announced that its airdrop eligibility query tool is now online, allowing users to check if they meet the airdrop conditions through the provided link.
Previous information: Delphinus Lab's token economics model has a total supply of 1 billion tokens, with 2.5% allocated to airdrops and 2% to IDO. Additionally, Binance Wallet went online today for the Delphinus Lab (ZKWASM) TGE event.
Ark Invest sells $90.58 million of Coinbase stock, also reducing holdings in Robinhood and Block
According to The Block, Cathie Wood's investment company Ark Invest sold 218,986 shares of Coinbase (COIN) through three ETF funds on Monday, worth $90.58 million.
On the same day, Ark also reduced its holdings of Robinhood stock by $11.46 million and Block stock by $7 million. Ark's investment strategy limits single stock holdings to no more than 10% of the fund portfolio to maintain investment diversification.
Coolpad Group enters RWA field, laying out Web3.0 physical asset tokenization
According to the official announcement, Coolpad Group Limited (stock code: 2369) announced its entry into the RWA (Real World Asset Tokenization) field, actively laying out the Web3.0 ecosystem. The company plans to launch RWA 2.0 solutions involving over 3,151 related projects.
It is reported that Coolpad will focus on asset tokenization in the real estate sector, including specific projects like Building 13 and 5A. The company will also collaborate with the M1 platform to promote the practical application and implementation of RWA technology.
JPMorgan Chase plans to launch crypto asset mortgage loan service, earliest implementation next year
According to The Block, JPMorgan Chase plans to allow clients to obtain loans using cryptocurrencies as collateral starting next year, marking a broader acceptance of crypto assets by traditional financial institutions. Although the bank's CEO Jamie Dimon has been skeptical of Bitcoin, he has acknowledged that banks will help clients buy Bitcoin.
Mexican real estate company Grupo Murano invests $1 billion in Bitcoin, plans to build a $10 billion Bitcoin vault within five years
According to Bitcoin Magazine, the $1 billion Mexican real estate company Grupo Murano announced a large-scale investment in Bitcoin, planning to build a $10 billion Bitcoin vault within five years. CEO Elias Zacarl stated that the company will convert assets into Bitcoin through asset restructuring and sale-leaseback, while maintaining operational control. The strategy aims to address interest rate fluctuation challenges in the real estate industry, with 70-80% of business focused on Bitcoin holdings and 20-30% on real estate development. Grupo Murano also plans to deploy Bitcoin ATMs in its hotels and support Bitcoin payments.
Market Dynamics
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