24H Hot Coins and News | White House Digital Asset Policy Advisor: The U.S. is working on building strategic BTC reserve infrastructure; Caixin: Hong Kong tokenization ETF will be exempt from stamp duty (June 27)

1. CEX popular coins

CEX Trading Volume Top 10 and 24-Hour Price Change:

• BTC：-0.41%
• ETH：-0.72%
• BNB：-0.97%
• DOGE：-3.27%
• SOL：-4.31%
• PEPE：-3.68%
• SAHARA: 318.8%
• IDEX：-3.21%
• POND：-2.43%
• UTK：-3.05%

24 H Price Increase Ranking List (Data Source: OKX):

• AIDOGE: 6.35%
• SPK: 6.32%
• T: 5.78%
• DUCK: 4.64%
• ZKJ: 4.25%
• ZK: 3.83%
• APT: 3.59%
• HUMA: 2.74%
• RUNECOIN: 2.64%
• PSTAKE: 2.51%

2. On-chain popular Meme Top 5 (data source: GMGN):

• fartho
• sexcoi
• Neural Frog
• LUCY

3. 24 H Hot Search Coins

farthouse: MeMe coin launched by the FARTCOIN team, focusing on a humorous housing theme and a relaxed community atmosphere.

Headline

White House digital asset policy advisor: The United States is working on building strategic BTC reserve infrastructure.

FOX Business reporter Eleanor Terrett posted on the X platform that White House digital asset policy advisor Bo Hines has confirmed that the U.S. is working on building the infrastructure for a strategic Bitcoin (BTC) reserve. He stated that although the executive order issued by Trump in March this year did not compel the Treasury to disclose a report on the current Bitcoin holdings of the U.S. government, the government may choose to make it public. He also added that the U.S. government is “very inclined” to increase its Bitcoin holdings in a budget-neutral manner.

Caixin: Hong Kong tokenization ETF will be exempt from stamp duty

The Hong Kong Financial Services and the Treasury Bureau today published the “Hong Kong Digital Asset Development Policy Declaration 2.0”, which pointed out that the Hong Kong government will strengthen efforts to expand tokenization programs, promote broader tokenization of assets and financial instruments, and demonstrate the diverse applications of this technology in various sectors, including precious metals (such as gold), non-ferrous metals, and renewable energy such as solar panels.

Hong Kong Cyberport launches a pilot funding program for blockchain and digital assets, focusing on areas such as payments and stablecoins.

Hong Kong Cyberport has announced the launch of a pilot funding program for blockchain and digital assets, aimed at promoting the development and testing of blockchain and Web3.0 applications. The program is currently open for applications, with a deadline of August 1, 2025. Each eligible company can apply for up to 3 pilot projects, with a maximum funding amount of 500,000 HKD per project. The main focus areas are: RWA tokenization, payments and stablecoins, decentralized identity verification, social innovation and digital experience, as well as decentralized artificial intelligence/machine learning.

US-listed company Bakkt plans to raise $1 billion, with part of the funds potentially used for investing in Bitcoin and other digital assets.

According to the documents filed by the US-listed company Bakkt Holdings with the SEC, the company may from time to time issue securities in one or more offerings, with the number, price, and terms to be determined at the time of issuance, and the total offering price of the securities sold shall not exceed 1 billion dollars.

Industry News

Dinari’s subsidiary approved to provide tokenization stock platform

The American startup Dinari’s subsidiary has completed the registration as a broker-dealer, approved to offer a tokenization equity platform for blockchain stock trading in the United States. Dinari will provide stock trading services to American investors through blockchain technology. It is reported that companies such as Coinbase and Kraken are also actively exploring related businesses.

Kraken launches an integrated global currency application “Krak”

Cryptocurrency exchange Kraken has launched an integrated global currency application called “Krak.” Krak aims to fix what Kraken describes as outdated traditional financial norms by combining the cryptocurrency track with the exchange’s trusted banking relationships and payment partner networks. Users can perform peer-to-peer fund transfers in 110 countries/regions using over 300 assets (covering cryptocurrencies, stablecoins, and fiat currencies) without the need to enter bank details or cryptocurrency wallet addresses.

Huaxing Capital announced the appointment of a new independent non-executive director, fully entering the digital currency field.

Huaxing Capital Holdings Limited (stock code: 1911) issued two announcements regarding personnel adjustments and significant business strategies. On the personnel front, with the approval of the board of directors, Mr. Frank Fu Kan is appointed as an independent non-executive director and a member of the company’s audit committee, compensation committee, and nomination committee, while Ms. Chen Jiali is appointed as an independent non-executive director, chair of the audit committee, and a member of the nomination committee.

The Australian Securities and Investments Commission appoints an expert group to investigate the failed blockchain project of the Australian Securities Exchange.

The Australian Securities and Investments Commission (ASIC) has appointed a three-person expert panel to conduct a comprehensive investigation into the Australian Securities Exchange (ASX), focusing on reviewing its governance structure and risk management system. This investigation is directly triggered by the failure of ASX’s $163 million blockchain clearing system CHESS replacement project, which was terminated in November 2022 after seven years of development, resulting in a pre-tax loss of $170 million. The investigation panel is led by former Westpac Banking executive Rob Whitfield and includes several senior figures from the financial industry, who are required to submit rectification recommendations by March 31, 2026. ASX had previously been sued by ASIC for issues related to the disclosure of information regarding this project and had paid a fine of $684,000 for violating market rules.

Project News

The Web3 native fund Aqua 1 has strategically purchased WLFI Tokens worth 100 million dollars.

Web3 native fund Aqua 1 announced that it has strategically acquired governance tokens WLFI of the Trump family’s cryptocurrency project World Liberty Financial, valued at 100 million USD, aiming to participate in the governance of the decentralized finance platform and accelerate the construction of the blockchain financial ecosystem. In addition, Aqua 1 also plans to establish Aqua Fund in the Middle East to promote the regional digital economy transformation.

Stablecoin payment company Rain collaborates with Toku to launch a stablecoin salary system for global employers.

Stablecoin payment company Rain has partnered with Toku to launch a stablecoin payroll system for global employers, enabling instant cross-border payments. The platform supports stablecoins such as USDC, RLUSD, and USDG, and plans to add more stablecoins based on demand and compliance. The related services are integrated with existing payroll systems, aiming to modernize payroll processes by leveraging blockchain technology.

A New York judge has once again rejected the SEC’s settlement request with Ripple.

U.S. District Judge Analisa Torres of the Southern District of New York has rejected the SEC’s settlement request with Ripple for the second time. The request aimed to reduce the fine to $50 million and lift the permanent injunction, but the judge believes that Ripple may still violate the law again, and the injunction must be upheld. Judge Analisa Torres of the Southern District of New York emphasized that the key point is the proposal to lift the permanent injunction, rather than the $50 million civil penalty (which is a reduction from the $125 million initially imposed by the court last year). In her ruling on Thursday, she stated that, as suggested by the SEC at the time, the permanent injunction prevents further violations of federal securities laws, “because Ripple earned substantial funds during its illegal activities, and Ripple has the motive to continue to violate the law, so it is necessary to issue this injunction.”

regulatory trends

Canadian banking regulators: Developing a regulatory framework for stablecoins

The Canadian banking regulator has stated that it is ready to regulate stablecoins, and a regulatory framework is being developed.

Wu Jiezhhuang: Hong Kong Digital Asset Development Policy Declaration 2.0 can sort out market chaos

Hong Kong issued the “Hong Kong Digital Asset Development Policy Declaration 2.0”, which outlines 4 key points, including optimizing laws and regulations, conducting public consultations on the licensing mechanism for digital asset trading service and custody service providers, the Securities and Futures Commission will be responsible for licensing, registration, and setting standards, and the Monetary Authority will oversee banks’ digital asset trading and custody activities.

The Central Bank of Brazil is seeking public comments on accounting standards for virtual assets.

According to the official website of the Central Bank of Brazil, the Central Bank of Brazil recently released a draft regulatory resolution regarding the accounting recognition, measurement, derecognition, and disclosure standards for virtual assets and utility tokens of financial institutions, and launched a public consultation. This initiative aims to enhance the transparency, comparability, and quality of the relevant accounting information. The public can submit opinions and suggestions through the Central Bank’s official website or the government’s “Participa + Brasil” platform by August 24, 2025.

investment and financing

The digital asset investment platform Jarsy has completed a $5 million Pre-Seed financing, led by Breyer.

The digital asset investment platform Jarsy raised $5 million in its Pre-Seed round of financing, led by Breyer Capital, with participation from Karman Ventures and several angel investors.

YZi Labs invests in the decentralized entertainment platform MEET 48

YZi Labs announced an investment in the decentralized entertainment platform MEET 48, with the specific amount not disclosed, aiming to address the challenges of fan interaction through token-driven solutions.

Galaxy completed $175 million in its first external fundraising venture fund.

Galaxy announced the completion of its first venture capital fund raising, totaling $175 million, exceeding the original target of $150 million. The focus is on investing in stablecoins, decentralized finance, and other areas at the intersection of traditional finance and blockchain. Galaxy has deployed approximately $50 million into projects such as Monad and Ethena.

AI Trusted Identity Network Trusta.AI has completed a new round of financing.

AI trusted identity network Trusta.AI announced the completion of a new round of financing, with the specific amount undisclosed. This round of financing was participated by Consensys, Starknet, GSR, and the UFLY Labs ecological fund. The funds will be used to deepen the construction of encrypted digital identity and trust networks, promoting secure interactions between human users and AI agents in the Web3 world.

Character Voice

Coinbase CEO: Buying more BTC every week

In response to the proposal by founder David Bailey that “Coinbase needs to establish a proper Bitcoin vault,” Coinbase CEO Brian Armstrong stated, “We are buying more Bitcoin every week. Bullish on Bitcoin.”

Federal Reserve’s Collins: A rate cut in July may be too early.

The President of the Federal Reserve Bank of Boston, Collins, stated that a rate cut in July may be premature, and the baseline outlook is to resume rate cuts later this year, giving the Federal Reserve time to carefully assess incoming information.

Greeks.live: Traders focus on the correlation between BTC price and M2 money supply.

Greeks.live macro researcher Adam released a Chinese community briefing, pointing out that the group remains cautiously optimistic about the market, generally believing that the actual volatility (RV) has not shown a downward trend, and suggesting that a double buy strategy can be closed for profit. Traders are generally focused on the correlation between M2 money supply and BTC prices, believing that this indicator will show effectiveness starting in 2024, but there are differences regarding its long-term reliability. The liquidity trap in SOL options has become a focal topic, with traders reporting liquidity exhaustion on deep in-the-money options, making it impossible to execute DDH hedging and rolling operations, leading to continuous losses due to Theta decay that cannot be compensated by a scalping strategy.

U.S. Senator Lummis: Hopes to review and amend the crypto market structure bill draft in September.

FOX Business reporter Eleanor Terrett posted on the X platform, stating that “U.S. Senator Cynthia Lummis just indicated that there will be a draft bill on the structure of the cryptocurrency market in the Senate, hoping to publish it before the August recess and review and revise it in September.”