Crypto Assets Industry Trends Overview

Regulation and Policy

The Bank of Korea has postponed the CBDC project, and the banking sector may focus on stablecoins.

Due to poor feedback from pilot banks and the rising discussions around stablecoins, the Bank of Korea has suspended the second round of testing for its digital currency project. It is expected that major banks in South Korea will focus more on issuing a won stablecoin, with several large banks actively participating in related discussions.

Canada cancels digital services tax to advance US-Canada trade talks.

Canada has announced the cancellation of the digital services tax and hopes to reach a broader trade agreement with the United States before July 21.

Market and Insights

Bitcoin remains in consolidation, with ETF fund inflows as a potential driving force.

Despite continuous inflows of ETF funds, Bitcoin's upward momentum still appears insufficient. Market attention is shifting from tariff negotiations to stock market performance, and the incremental funds brought by ETFs may drive a new round of increase in Bitcoin.

Last week, the net inflow of digital asset investment products was $2.7 billion.

Last week, digital asset investment products continued to record large net inflows, with 83% flowing into Bitcoin. The United States became the main source of funds.

Project Dynamics

The Ethereum community has launched an on-chain "time capsule" commemorative project.

To commemorate the tenth anniversary of the Ethereum genesis block, the community launched an on-chain "time capsule" project, inviting users to seal artworks, messages, and other content to be decrypted and made public after one year.

Yuxin Technology is deeply laying out in the stablecoin field.

Yuxin Technology is actively connecting with various parties in the stablecoin ecosystem, signing non-disclosure agreements with issuers to explore the full process requirements and technical solutions for stablecoin issuance.

New Fire Technology raised HKD 270 million through a placement.

The Hong Kong listed company New Fire Technology has allocated 166 million shares to 5 subscribers, raising HKD 275.6 million. One of the main subscribers is a former senior executive of a well-known exchange.

Institutional Dynamics

The UK listed company Cel AI raised funds to purchase Bitcoin.

Cel AI raised £10 million to purchase Bitcoin and launch a Bitcoin reserve strategy, pending approval from the shareholders' meeting.

Metaplanet increased its holdings by 1005 coins.

The crypto investment institution Metaplanet has once again increased its holdings by 1005 coins, bringing the total holdings to 13,350 coins.

Spanish coffee chain increases its holdings in Bitcoin

Vanadi Coffee announced that it has increased its holdings by 20 coins of Bitcoin, now holding a total of 54 coins. The company plans to become the largest listed Bitcoin company in Spain.