Market Updates
Geopolitical Tensions
Iran's Foreign Minister stated that no ceasefire agreement exists between Israel and Iran. However, Iran signaled willingness to de-escalate if Israel halts military actions by 4:00 AM local time.
Federal Reserve Signals Rate Cut
Fed Governor Michelle Bowman hinted at potential July rate cuts:
"If inflation remains controlled, I’d support lowering rates to neutralize policy and sustain labor market health."
Bowman emphasized balancing inflation risks with employment goals amid economic cooling.
Hong Kong’s Stablecoin Regulations
HKMA CEO Eddie Yue announced strict licensing standards under the new Stablecoin Ordinance (effective August 1):
- Few licenses to be issued initially
- Focused on cross-border trade use cases
- Reserve management and AML rules aligned with banking standards
👉 Explore crypto regulatory trends
Corporate Moves
OKX Considers U.S. IPO
After re-entering the U.S. market in April, OKX is evaluating a public listing, per The Information reporter Yueqi Yang.
MicroStrategy’s Bitcoin Buying Spree
Michael Saylor’s firm acquired 245 BTC ($26M) at ~$105,856/BTC. Holdings now total 592,345 BTC ($41.87B investment, $70,681 avg cost).
Grayscale Registers SXT Trust
Delaware filings reveal Grayscale’s new Space and Time (SXT) Trust.
Blockchain Projects
Mango Network Tokenomics
Layer1 chain Mango Network unveiled MGO distribution:
| Allocation | % |
|---|---|
| POS Staking | 20% |
| Foundation | 20% |
| Ecosystem Fund | 17% |
| Team | 15% |
| Testnet Airdrop | 5% |
👉 Learn about Move-based chains
Eyenovia’s Crypto Pivot
The Nasdaq-listed firm:
- Raised $50M privately
- Purchased 1M+ HYPE tokens (~$34 each)
- Plans rebrand to Hyperion DeFi (ticker: HYPD)
Data Spotlight
- Corporate BTC Acquisitions: 12,400 BTC added last week
- Mining Output: Just 3,150 BTC mined in same period
FAQs
Q: Why is OKX considering a U.S. IPO now?
A: After re-establishing U.S. operations, an IPO could boost legitimacy amid tightening crypto regulations.
Q: What makes Hong Kong’s stablecoin rules unique?
A: Their bank-level AML requirements and limited licenses aim for quality over quantity.
Q: How does Mango Network improve blockchain usability?
A: By combining MoveVM with OPStack for cross-chain interoperability and unified DeFi liquidity.
Market analysis provided by industry experts. All data verified through multiple sources.