Today's News Tips
South Korea's central bank puts CBDC project on hold, banks expected to focus more on stablecoins
Yuxin Technology: In-depth contact with the stablecoin issuer and signed a confidentiality agreement
Metaplanet: Increased holdings by 1,005 BTC, total holdings reached 13,350
Macro & Regulation
South Korea's central bank puts CBDC project on hold, banks expected to focus more on stablecoins
According to Maeil Business Newpaper, the central bank-led digital currency (CBDC) project being promoted by the Bank of Korea (the central bank) has been temporarily shelved before the second test due to an increase in complaints from banks participating in the pilot project and heated discussions in the National Assembly and the private sector on the introduction of a won stablecoin. Recently, private discussions on the legislation of a won stablecoin have been launched in the context of uncertainty about whether a central bank-led digital currency and a private stablecoin can coexist, and the Bank of Korea has decided to postpone further testing to minimize uncertainty. Therefore, it is expected that banks will focus more on introducing a won stablecoin. Currently, nine banks, including Kookmin Bank of Korea, Shinhan Bank, Hana Bank, Woori Bank, NH Nonghyup, IBK Bank, iM Bank, Suhyup Bank, and K-Bank, are participating in the Open Blockchain and DIDIA (OBDIA), which is leading the discussion on the issuance of stablecoins in the banking industry. Busan Bank, Gyeongnam Bank, and Toss Bank are also considering joining.
Canada announces withdrawal of digital services tax to advance broader trade talks with U.S.
According to Cailian News, Canada announced the withdrawal of the digital service tax to advance broader trade negotiations with the United States. Canada said it would resume trade negotiations with the United States and strive to reach an agreement no later than July 21.
Trump's enthusiasm for Warsh as Fed chairman cools
According to Jinshi, citing the Wall Street Journal, Trump talked to Warsh about replacing Powell in February and March this year, but Warsh advised Trump not to take any such action before Powell's term ends in May 2026. He has been critical of the Federal Reserve recently. In a speech in Washington, DC on April 25, he said that its "current trauma is largely self-inflicted" and called for a "strategic reset" to mitigate the loss of credibility and damage to the Fed's position. But Warsh's past remarks also indicate that he may take a hawkish stance on inflation, which may become a concern for the White House, which is pushing for interest rate cuts. A person close to the current administration said that Trump's enthusiasm for Warsh is cooling.
Poll: Trump's approval rating drops to historic low
According to a report by Reference News, citing the website of Newsweek, the latest Newsweek poll shows that US President Trump's approval rating has fallen to an all-time low. The survey shows that 43% of Americans are currently satisfied with Trump's performance, 53% are dissatisfied, and his net approval rating is negative 10%. According to reports, Trump's poll numbers initially fell sharply after he announced the "Liberation Day" tariffs in April this year. Although his approval rating quickly rebounded, his recent behavior seems to have reignited public dissatisfaction with the White House.
Viewpoint
Crypto financial services platform Matrixport published an analysis on the X platform, pointing out that Bitcoin is testing recent resistance levels, but the market reaction is relatively cold. Although ETF funds continue to flow in and U.S. stocks have set new highs driven by retail investors, Bitcoin's upward momentum is still limited and the trend is weak. After entering the summer, the market activity has tended to be deserted, and this kind of consolidation is not uncommon in the same period of previous years. At the same time, market expectations for Fed policies are also changing. As more officials begin to question whether the inflation caused by tariffs is sustainable, expectations of interest rate cuts are heating up, and the Fed's attitude is gradually turning dovish. In this context, traders may no longer focus on the progress of tariff negotiations, but turn to keeping up with the rhythm of the stock market. The strong performance of U.S. stocks has become a weather vane, and the incremental funds brought by Wall Street through ETFs may become an important driving force for a new round of Bitcoin gains.
CryptoQuant tweeted that analyst Crazzyblock believes that the current demand for Bitcoin is seriously insufficient. The amount of Bitcoin flowing into the market from miners and profit-taking LTH (long-term holders) now exceeds the purchases of new buyers.
Opinion: Stablecoins are becoming the “default settlement layer” of the Internet
According to Cointelegraph, Alchemy Engineering Director Noam Hurwitz said that stablecoins have become the backbone of Internet payments, and their adoption rate has now exceeded that of major traditional card networks. The adoption rate of stablecoins has "exploded" and is becoming the default settlement layer of the Internet. Companies such as PayPal and Stripe are integrating stablecoins to leverage on-chain infrastructure for faster and cheaper transactions. Stablecoins make money "cheap, fast, global and secure to transfer." These features make them popular for a variety of purposes and widely adopted in cross-border payments and prediction markets such as Polymarket.
Project News
PANews reported on June 30 that according to The Block, on Monday, a community-led Ethereum group launched an on-chain "time capsule", inviting users to seal artwork, memories, messages and predictions in encrypted smart contracts, which will be opened on the 11th anniversary of the Ethereum network next year. The project was released to commemorate the 10th anniversary of the Ethereum Genesis Block (July 30). The capsule was unveiled at the Ethereum Community Conference (EthCC) and was supported by the Protocol Guild and Shutter Network. Users can submit documents for about $2.50 in Ethereum, and the proceeds will be donated to the Protocol Guild to support core research. Starting July 30, Shutter Network's threshold encryption technology will seal all submissions, and after one year, the smart contract will decrypt the files and store them permanently in the Ethereum ledger.
Yuxin Technology: In-depth contact with the stablecoin issuer and signed a confidentiality agreement
According to Cailianshe, Yuxin Technology released a record of investor relations activities. The policy breakthroughs in the field of stablecoins are highly consistent with the company's global development strategy. Yuxin has started a systematic layout at the company level to provide strong support on the basis of existing overseas business, including: 1) Recently, it is actively connecting with the core participants in all aspects of the stablecoin ecosystem, including in-depth contact with the issuer and signing a confidentiality agreement, focusing on the full process requirements of stablecoin issuance, clarifying the specific responsibilities of each party in the issuance process, sorting out feasible technical solutions, integrating their respective advantages and resources, etc.; 2) Communicating with institutions in emerging technology hotspots in Singapore to discuss the specific implementation path of RWA tokenization, including how to screen suitable underlying assets, design compliant tokenization solutions, and formulate issuance strategies, etc.; 3) Communicating with specific closed-loop industrial chain companies in the Middle East. Since the industry requires a closed loop, it involves all upstream and downstream links of the industrial chain, providing application scenarios for stablecoins. Through stablecoin blockchain technology, it is possible to achieve transaction transparency in all links of the industrial chain and build a payment system that runs through the entire chain.
According to Yahoo Finance, Hong Kong-listed company Newfire Technology (01611.HK) announced that it would issue a total of 166 million subscription shares to five subscribers, equivalent to 22.08% of the company's enlarged share capital, with a subscription price of HK$1.66 per share, a 29.66% discount to the closing price of HK$2.36 on June 27, and a total amount of HK$275.6 million. Major shareholder Avenir Investment (Subscriber I) increased its shareholding in the company from 29.08% to 29.84%; LINEX Holdings Ltd. (Subscriber II) will subscribe for HK$124 million, becoming the largest subscriber in this round, with a shareholding ratio of 10%; TX Capital Holdings Ltd. (Subscriber III) will hold 1%; Night Wood (Subscriber IV), which is indirectly wholly owned by the Executive Chairman, will hold 3.43%; and Rosen Holdings Ltd. (Subscriber V) will hold 0.48%. In addition, according to the announcement, the actual controller of LINEX Holdings Ltd. is Livio Weng, a former core executive of HashKey. Livio Weng joined HashKey Group in 2023 as Chief Operating Officer and the first CEO of HashKey Exchange. Livio Weng also served as CEO of Huobi Global from 2018 to 2021.
Binance Alpha to List Echo Protocol (ECHO)
According to the official announcement, Binance Alpha will list Echo Protocol (ECHO). Trading will be open on July 2, and the specific time will be announced separately. After Alpha trading is open, eligible users can go to the Alpha event page to use Binance Alpha points to claim the airdrop, and details will be announced on July 2.
According to the official announcement, Fuel Network (FUEL) is now available on Binance Alpha. Eligible Binance users can use Binance Alpha points to claim 5,550 FUEL tokens airdropped on the Alpha event page within 24 hours after trading begins. Binance Alpha airdrops will be on a first-come, first-served basis: Users with at least 170 Binance Alpha points can participate in the airdrop, on a first-come, first-served basis, until the airdrop pool is full or the event ends. It should be noted that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise they will be deemed to have waived the airdrop.
Binance will launch LPT/USDC and RVN/USDC spot trading pairs
According to the official announcement, Binance will launch LPT/USDC and RVN/USDC spot trading pairs at 16:00 (UTC+8) on July 1. In addition, the trading robot service for the following trading pairs will be opened at the same time: Spot algorithmic orders: LPT/USDC and RVN/USDC spot grid, spot DCA (average cost method): ARB/USDC
The entry threshold for Binance Wallet NodeOps (NODE) TGE event is 208 points
According to the official announcement, users with Binance Alpha points greater than or equal to 208 can participate in the TGE event of NodeOps (NODE) through the Alpha event page. Participating in this event will consume 15 points. According to previous news, Binance Wallet's exclusive TGE will be launched on NodeOps (NODE) on June 30.
Binance will adjust the collateral ratio of some assets in the unified account
According to the official announcement, Binance will adjust the mortgage rate of some assets in the unified account at 14:00 on July 4, 2025 (Eastern Time 8), including OP, CRV, CAKE, ENS, RUNE, ROSE, ORDI, SUSHI, ONE, ALT, etc.
Michael Saylor releases Bitcoin Tracker information again, and may disclose holdings data next week
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), once again released information about Bitcoin Tracker on the X platform, writing: “21 years later, you’ll wish you’d bought more.” According to previous rules, Strategy always discloses information about its increased Bitcoin holdings the day after the relevant news is released.
Crypto wallet provider OneKey released a statement on the X platform regarding the recent false accusations against OneKey, saying that it has never instigated, organized or manipulated any KOL or user in any form to launch a public opinion attack on Curve or any project. Mr. Yishi participated in the investment entirely in his personal capacity, which is his personal behavior. No official resources of OneKey are involved in the project. All OneKey products are open source designs, without backdoors, and have been fully audited by professional security teams such as SlowMist.
Institutional holdings
UK-listed Cel AI has raised £10 million to buy Bitcoin
According to an official announcement, British listed company Cel AI has raised 10 million pounds (about 13.7 million US dollars) to purchase Bitcoin and launch its Bitcoin reserve strategy, which is still subject to approval by the shareholders' meeting on July 17.
Metaplanet: Increased holdings by 1,005 BTC, total holdings reached 13,350
Metaplanet tweeted that it has increased its holdings by 1,005 $BTC, bringing its total holdings to 13,350 BTC. Earlier , Metaplanet issued 30 billion yen zero-interest ordinary bonds to increase its holdings of BTC.
Spanish coffee chain Vanadi Coffee increases its holdings by 20 BTC, now holds a total of 54 BTC
Spanish coffee chain Vanadi Coffee announced that it has increased its holdings by 20 BTC and now holds 54 BTC. The company's shareholders' meeting has approved the company's strategic shift to become the largest listed Bitcoin company in Spain and will invest up to 1 billion euros to purchase Bitcoin.
Important data
According to The block, Dune Analytics data shows that Hyperliquid's on-chain perpetual contract trading volume exceeded $1.57 trillion in the past 12 months. Hyperliquid achieved $56 million in fees and revenue this month, with cumulative revenue reaching $310 million. Hyperliquid's perpetual contract trading volume in May reached $248 billion. So far this month, Hyperliquid's trading volume has reached $208 billion, far exceeding its competitors. The total trading volume of other on-chain perpetual contract exchanges has reached $140 billion.
According to the latest report from CoinShares, digital asset investment products saw a net inflow of $2.7 billion last week, recording inflows for 11 consecutive weeks. Regionally, inflows came almost entirely from the United States, at $2.65 billion. Last week, Bitcoin accounted for 83% of total inflows, attracting $2.2 billion. In contrast, Bitcoin short-term investment products saw outflows of $2.9 million, with year-to-date (YTD) outflows reaching $12 million - a clear indication of the general optimism about Bitcoin this year. As investors remain bullish, Ethereum saw a further inflow of $429 million last week, bringing year-to-date inflows to $2.9 billion. In contrast, Solana has seen inflows of only $91 million year-to-date.
Ethereum spot ETF saw net inflows of $283 million last week, continuing its seven-week net inflow
Data: Bitcoin closed up 31.41% in the second quarter
Token Unlocks data shows that SUI, ENA, OP and other tokens have seen large amounts of unlocking this week, including:
Sui (SUI) will unlock about 44 million tokens at 8:00 am Beijing time on July 1, accounting for 1.3% of the current circulation, with a value of about US$122.8 million;
Ethena (ENA) will unlock approximately 40.6 million tokens at 3:00 p.m. Beijing time on July 2, accounting for 0.67% of the current circulation, worth approximately $10.7 million;
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on June 30, accounting for 0.67% of the current circulation, with a value of approximately US$17.4 million;
Kamino (KMNO) will unlock approximately 229 million tokens at 8:00 pm Beijing time on June 30, accounting for 10.44% of the current circulation, with a value of approximately US$13.8 million;
Across Protocol (ACX) will unlock approximately 100 million tokens at 8:00 pm Beijing time on June 30, accounting for 22.61% of the current circulation and worth approximately US$13.5 million.
Strategy transferred 7,383 BTC to 3 new wallets 11 hours ago, worth about $796 million
"Insider Brother" sold 8,000 ETH and 280 BTC an hour ago, losing $1.011 million
According to on-chain analyst Ember, the Ethereum Foundation has recently transferred 1,000 ETH to another multi-signature wallet every day. A total of 11,000 ETH were transferred in one month, but the transferred ETH did not undergo any further actions (redistribution/sale/participation in DeFi, etc.).
A pre-mined address containing 1,000 ETH was activated after lying dormant for nearly 10 years
