Today's Crypto Assets Industry News Overview

Regulatory Dynamics

• Trump signed an executive order banning federal regulatory agencies from providing banking services to the Crypto Assets industry. The order removes "reputational risk" as a justification for increased regulation and aims to prevent unfair "de-banking".

• The U.S. Securities and Exchange Commission ( SEC ) has reached a settlement with Ripple, and both parties have waived their appeals. Previously, the court ruled that Ripple's sale of XRP to institutional investors constituted illegal securities sales, while sales to retail investors were legal.

• The Hong Kong Monetary Authority has received an application intention for a stablecoin issuer license submitted by Animoca Brands, Standard Chartered Bank, and the joint venture Anchorpoint Financial Limited.

Market Analysis

• The CryptoQuant report indicates that Bitcoin has entered a bull market cooling period, with multiple on-chain indicators confirming a decline in upward momentum. In the short term, it may show a consolidation or mild downtrend.

• Matrixport analysis suggests that Bitcoin may have a short-term rebound potential, but if it falls below the support level of $112,000, it could drop to the $106,000 range. The repricing of U.S. economic growth expectations may be a key factor for the resurgence of Bitcoin's volatility.

Project Updates

• Vitalik Buterin supports "Ethereum Asset Reserve Company", but warns against excessive leverage. He believes this could provide more options for investors with different financial situations.

• The pSTAKE Foundation has launched a $50 million AI-Web3 Innovation Fund, focusing on five strategic areas including decentralized generative agents and on-chain traceability.

• The Ethereum Foundation has donated $500,000 again for the legal defense of Tornado Cash founder Roman Storm.

Institutional Dynamics

• Binance collaborates with the Spanish bank BBVA, allowing customers to store their assets in the bank instead of the exchange, aiming to enhance user trust.

• Bitcoin treasury company BSTR completed a $65 million financing and plans to hold over 30,000 BTC after the merger.

• The listed company Sharplink Gaming has further increased its holdings of ETH, raising its position to 568,000 coins, valued at $2.215 billion.

• Fundamental Global plans to issue up to $5 billion in securities to acquire more Ethereum.