Crypto Assets Market Daily

Regulation and Macroeconomics

• The Norwegian government plans to temporarily ban the construction of energy-intensive Crypto Assets mining data centers to conserve electricity for other industries. The government may implement this ban in the fall of 2025.

• Wyoming stablecoin WYST is expected to launch on August 20, currently selecting the issuance chain, and may be issued on multiple blockchains.

• Trump again called for the Federal Reserve to cut interest rates, stating that current rates should be between 1% and 2%. He hinted that he might not fire Fed Chairman Powell, but indicated that his term is nearing its end.

• The Governor of Texas has signed a bill to protect the state's Bitcoin reserves as a permanent fund. Another bill authorizing the state government to invest in Bitcoin is pending signature.

Industry Trends

• Coinbase has obtained a MiCA license issued by the Luxembourg financial regulator, becoming the first fully authorized US Crypto Assets trading platform in the EU. The company has moved its EU headquarters from Ireland to Luxembourg.

• Kraken has moved its headquarters from San Francisco to Cheyenne, Wyoming, in order to better leverage the state's friendly digital asset policy environment.

• CoinMarketCap front end was attacked, resulting in malicious pop-ups. The official has deleted the problematic content and taken measures, and the system is now fully restored.

• A trading platform will launch DeLorean (DMC) trading on June 24.

• A trading platform announced the airdrop details for the Redbrick (BRIC) token. Users holding at least 251 platform points can claim in the first phase.

Market Data

• The Bitcoin spot ETF had a net inflow of $6.3658 million yesterday, marking a consecutive 9 days of net inflow.

• The Ethereum spot ETF had a net outflow of $11.3444 million yesterday, with only a specific ETF product experiencing a net outflow.

• A certain Bitcoin spot ETF has surpassed $69.7 billion, accounting for 3.25% of the total BTC supply.

• A trader shorted 40,000 coins of ETH with 10x leverage 9 days ago, currently having an unrealized profit of over 12.15 million USD.

• A certain whale/institution bought 30,000 coins of ETH in the last 8 hours, worth approximately 72.32 million USD.

• An institution increased its holdings by 9001 coins of ETH, currently showing a total floating profit of 32.6 million dollars.

• A listed company bought 6,744 ETH in 4 days, with a total holding cumulative floating loss of 37.5 million USD.

• An investment institution has completed the liquidation of 70 million LDO, achieving a profit of approximately 28.13 million USD over a 4-year investment period.

Institutional Dynamics

• The publicly listed company Everything Blockchain in the United States plans to invest $10 million in the configuration of SOL, XRP, and four other Crypto Assets.

• Norwegian listed company Standard Supply has made its first investment of approximately 4.97 million USD to purchase Bitcoin and has renamed itself to StandardCoin.

• KindlyMD completed a $51.5 million PIPE financing with Nakamoto to support the Bitcoin reserve plan.