One week encrypted review: regulatory year and institutional running entry

Over the past week (7.24-7.30), the cryptocurrency market has been torn between macro storms and the accelerated entry of traditional finance. Market: BTC falls below 64000, with a minimum of 63267 US dollars; Within 24 hours, the entire network exploded with 1.57 billion US dollars, with long positions exploding with 1.1 billion US dollars accounting for 70%; ETH testing from 1870 to 1900. The Federal Reserve maintained interest rates with a rare divergence of 9:3, with new chairman Walsh abandoning forward guidance and emphasizing that interest rate hikes are still an option, suppressing the valuation of risk assets. Regulation: US CLARITY Act Sprint, Coinbase、Fidelity、 Jointly promoted by finance ministers; The 21st round of EU sanctions has been extended to 14 cryptocurrency platforms for the first time; South Korea confirms the introduction of a 22% encrypted income tax on July 1, 2027 (with a tax exemption of 2.5 million Korean won and non deductible losses across years); Russia releases draft of digital assets; Argentina plans to allow mutual funds to invest in cryptocurrencies. Traditional finance: Morgan Stanley and NYSE Arca launch ETH+SOL dual ETP; BNY Mellon launches tokenized US bond settlement in 2027; Coinbase and Abu Dhabi Sovereign Fund Mubadala collaborate to add RWA to their balance sheet; MiraeAsset acquires Korbit for $100 million. On chain: Hyperliquid's weekly RWA trading volume exceeds that of Crypto Perpetual (HIP-3 $26 billion) for the first time; ETH staking rate reaches a historic high of 33%; The Bhutanese government allocates 10000 BTC to support urban construction; Uniswap launches PermissionedTools. Risk Warning: The content of this article is for reference only and does not constitute investment advice. The market is risky, and investment needs to be cautious.