Crypto Assets Industry News Overview

Regulatory Dynamics

• Cboe BZX Exchange submitted 19b-4 application documents for Canary PENGU ETF to the SEC.
• The Federal Housing Finance Agency requires Fannie Mae and Freddie Mac to study the incorporation of Crypto Assets into mortgage risk assessment assets.
• The Moscow Exchange will launch Crypto Assets funds and structured bonds to follow Bitcoin futures.
• Multiple local brokers in Hong Kong have completed the upgrade of License No. 1, and more institutions may enter the virtual asset business in the future.

Institutional Dynamics

• Invesco and Galaxy submitted a Solana ETF registration application to the SEC
• The Republic plans to tokenize the stocks of private companies such as SpaceX and OpenAI.
• Coinbase launched wrapped tokens cbADA and cbLTC for Cardano and Litecoin on Base.
• Ledger plans to phase out the Nano S hardware wallet, causing dissatisfaction among users.

Market Data

• The total net inflow of Bitcoin spot ETFs yesterday was $548 million, continuing a net inflow for 12 consecutive days.
• Binance's monthly Bitcoin inflow has dropped to 5,700 coins, less than 50% of the average monthly level since 2020.
• LTO and KMD fell by about 40%, while ALPHA, BSW, and LEVER experienced varying degrees of increase.

Project Progress

• Binance will delist 5 tokens including ALPHA and BSW on July 4.
• Resupply suspected of being attacked, with losses of approximately $5.56 - $9.5 million.
• StormX has voluntarily filed for bankruptcy protection under Chapter 7 of the U.S. Bankruptcy Code.

Financing Mergers and Acquisitions

• Zama completed a $57 million Series B financing with a valuation of $1 billion.
• Prediction market Kalshi completes $185 million funding at a valuation of $2 billion.
• Institutional-grade DeFi execution engine Makina completes $3 million strategic round of financing

Institutional Holdings

• Nano Labs acquired 600 coins, bringing the total holdings to 1000 coins.
• Metaplanet increased its holdings by 1234 coins of Bitcoin, with a total holding of 12345 coins.
• SharpLink Gaming continued to purchase 5,989 ETH in the last day.
• Bit Digital has transformed into a pure Ethereum staking company and will shut down its Bitcoin mining business.