The White House Releases Digital Asset Report, No Substantial Progress on Bitcoin Reserve Plan
On July 30, the White House released a 163-page report on cryptocurrency asset policy, covering key issues such as stablecoin legislation, DeFi regulatory frameworks, and on-chain transparency. The report supports the advancement of the GENIUS Act legislation and proposes encouraging regulatory pilot programs and tax optimization measures. However, the much-anticipated section on "strategic Bitcoin reserves" showed no substantial progress, only briefly mentioned in principle without a specific timeline or holding plan, leading to some disappointment in the market.
Hong Kong Monetary Authority Launches Stablecoin Issuer Registry, No Licensed Institutions Listed Yet
The Hong Kong Monetary Authority (HKMA) has officially launched the "Licensed Stablecoin Issuer Registry" on its website, marking a significant step in the construction of the stablecoin regulatory framework. Currently, there are no licensed stablecoin issuers listed in the registry, indicating that the first batch of licenses is still under review or preparation.
The market expects that as the application process gradually starts, several fintech companies and virtual asset platforms are likely to become the first licensed entities, driving the legal and compliant development of stablecoin business in Hong Kong.
Sun Yuchen to Fly on Blue Origin's Spacecraft into Space on August 3
TRON founder Sun Yuchen confirmed this week that he will fly into space on August 3 aboard Blue Origin's New Shepard suborbital spacecraft. This will be the first realization of his publicly stated "space dream." It is reported that he is the only Chinese passenger on this mission.
Algeria Completely Bans Cryptocurrency Activities
Algeria has recently officially passed Law No. 25-10, which completely bans all cryptocurrency activities, including Bitcoin, Ethereum, and others, covering trading, holding, mining, and platform promotion. Violators will face up to one year in prison and hefty fines. This ban is considered one of the strictest cryptocurrency regulations globally. Although the underground market remains active, related transactions have been explicitly classified as illegal, and using VPNs or P2P channels may also lead to accountability.
Visa Expands Stablecoin Support, Enhances On-Chain Payment Layout
Global payment giant Visa has announced the expansion of its support for stablecoins, adding support for PayPal's PYUSD, USDG issued by Mysten Labs, and Circle's euro stablecoin EURC. This move indicates that Visa is accelerating the construction of its on-chain payment network, promoting the practical application of crypto payments globally.
Joint Venture AlUnity Launches Euro Stablecoin EURAU Under German Regulation, Issued on Ethereum
AlUnity, a joint venture established by German blockchain company Swanhill and compliance technology platform Tradias, has announced the official launch of the euro stablecoin EURAU, regulated by Germany, and issued on the Ethereum network. EURAU will be pegged to the euro at a 1:1 ratio, fully supported by funds held in bank accounts owned by Tradias, and regulated by Germany's financial regulatory authority BaFin.
South Korea's Central Bank Establishes Virtual Asset Department, Leads Research on Korean Won Stablecoin
The Bank of Korea (BOK) has established a new "Cryptoassets Department" on July 31 and upgraded its digital currency research team to a more policy-driven "Digital Currency Team."
This department is under the central bank's Financial Payment Systems Bureau, with primary responsibilities including monitoring cryptocurrency market dynamics, assessing risks, and developing the Korean won stablecoin.
BOK Vice Governor Ryoo Sang-dai has publicly stated that compliant commercial banks should be allowed to issue the Korean won stablecoin first, gradually expanding to non-bank institutions to control capital flow and exchange rate stability risks.
BitMine Launches $1 Billion Stock Buyback
BitMine Immersion Technologies has announced the official launch of an indefinite stock buyback plan of up to $1 billion. The company currently holds 625,000 Ethereum (ETH) and 192 Bitcoin (BTC), with approximately $401 million in debt-free cash to support this buyback action.
According to Cointelegraph analyst Nate Kostar, when stock trading prices fall below the net asset value (NAV) per share, companies tend to buy back shares rather than continue to increase their ETH holdings, marking an important adjustment in BitMine's capital operation strategy. BitMine Chairman Tom Lee has stated that in achieving the goal of holding 5% of the total supply of Ethereum, "sometimes buying back shares is the best use of funds."
Southeast Asian Ride-Hailing Giant Grab Launches Bitcoin and Other Cryptocurrency Payments in the Philippines
Southeast Asia's leading ride-hailing platform Grab has officially launched cryptocurrency payment features in the Philippines, allowing users to pay with Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDC and USDT through the GrabPay wallet. Users can instantly convert their crypto assets into Philippine pesos for rides, food delivery, and other services.
Ho Chi Minh City, Vietnam to Host 2025 Blockchain and AI Summit
The Southeast Asian tech event "CONVICTION 2025" will be held from August 9 to 10 at the Thiskyhall Convention Center in Ho Chi Minh City, Vietnam. The conference, hosted by the Ho Chi Minh City Blockchain Association, aims to promote the integration and application of blockchain and artificial intelligence (AI) technologies, helping Vietnam become a digital economy hub in Southeast Asia.
Token Unlocking
IOTA will release 8.63 million IOTA tokens on August 4, accounting for approximately 0.22% of the current circulating supply.
EigenCloud will release 1.29 million EIGEN tokens on August 5, accounting for approximately 0.4% of the current circulating supply.
Immutable will release 24.52 million IMX tokens on August 8, accounting for approximately 1.3% of the current circulating supply.
Moca Network will release 2.43 million MOCA tokens on August 8, accounting for approximately 0.07% of the current circulating supply.
Movement will release 50 million MOVE tokens on August 9, accounting for approximately 1.92% of the current circulating supply.
Render will release 493,130 RENDER tokens on August 10, accounting for approximately 0.09% of the current circulating supply.
Related Articles: Federal Reserve Shows Divergence + White House Report Clarifies: Where is the Breakthrough for the Crypto Market?
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