1. CEX Popular Cryptocurrencies
CEX Top 10 Trading Volume and 24-Hour Price Changes:
BTC: -1.96%
ETH: 2.28%
BNB: 2.39%
SOL: 3.1%
Doge: 3.5%
GNS: +39.04%
Pepe: -5.83%
XRP: 3.37%
DATA: +20.23%
SUI: -5.48%
24H Top Gainers (Data Source: OKX):
SD: +20.88%
KAIA: +12.41%
ZBCN: +10.86%
Aergo: 8.47%
PHA: 7.87%
PENGU: 6.94%
NEIRO: 6.92%
S: 6.87%
LAYER: 6.2%
CLV: 5.76%
2. On-Chain Top 5 MEME (Data Source: GMGN):
PEPEPI
Ww 3
Fartco
FLOG
ROBOTA
3. 24H Hot Search Cryptocurrency
MIGA: Proposed by former US President Trump on June 22, 2025, on his social platform Truth Social, following his iconic "Make America Great Again" (MAGA) slogan. Amid US military action against Iran, he argued that even though "regime change" is not politically recognized, why can't a regime change occur if the current Iranian government cannot "Make Iran Great Again"? Ending with the slogan "MIGA" (Make Iran Great Again).
Headlines
According to Bitcoin Laws, Texas Governor Greg Abbott signed the Bitcoin Reserve Bill SB 21, making it official law.
Texas is now the third state to have Bitcoin reserves.
Previously, Texas Lieutenant Governor Dan Patrick announced that the Strategic Bitcoin Reserve Bill received bipartisan support, creating a fund managed by the state government, which will only invest in cryptocurrencies with an average market cap of at least $50 billion in the past 12 months and eligible for state budget allocation. Additionally, the bill establishes a Strategic Bitcoin Reserve Advisory Committee to provide guidance for fund management and requires a report on holdings every two years.
US Secretary of State: US Prepared to Dialogue with Iran on 23rd
US Secretary of State Rubio, when interviewed by US media on the 22nd, called for direct negotiations between the US and Iran, stating that the US is prepared to dialogue with Iran on the 23rd. Rubio reiterated that Iran can have a civilian nuclear program but cannot enrich uranium. Rubio said Iran rejected the US proposal and disappeared 10 days before the US military action, and although Iran continues to send messages to dialogue partners, it does not directly communicate with the US.
Wyoming Stablecoin WYST Planned for Release on August 20
The Wyoming Stablecoin Committee announced plans to officially launch its official stablecoin WYST at the Wyoming Blockchain Symposium in Jackson on August 20, 2025.
Thailand Approves Three Institutions to Establish Virtual Banks
Thailand has approved three applicant institutions to establish virtual banks, aimed at promoting financial innovation, expanding access to underserved markets, and enhancing competition in the Thai banking sector. Based on the Bank of Thailand's (BOT) recommendation, the Ministry of Finance stated that the consortium led by Krung Thai Bank (ACM Holding Company Limited), a consortium comprising telecom giants Advanced Info Service and PTT Oil and Retail Business, and a consortium consisting of SCB X, WeTechnology, and South Korea's KakaoBank have received preliminary approval.
A total of five applicant institutions submitted applications. After a detailed assessment process, three institutions were selected, with the evaluation focusing on the applicants' qualifications, digital business models, and ability to provide inclusive financial services. The regulatory body stated that this move aims to improve service channels for retail customers and small and medium-sized enterprises (SMEs), especially those currently unbanked or underserved, through innovative digital channels.
Industry News
Crypto Journalist: OKX May Consider US IPO, Returned to US Market in April
According to crypto journalist Yueqi Yang, OKX is considering an initial public offering (IPO) in the United States, having returned to the US market in April this year.
Korean payment giant Kakao Pay has submitted 18 trademark applications related to "KRWKP" to the Korean Intellectual Property Office, covering stablecoin names, payment settlements, and crypto wallet services. Analysts believe this move may be preparing for the launch of its own Korean won stablecoin. Kakao Pay responded that the trademark registration is a preemptive protective measure for future diversified business and currently has no specific business plans.
FTX Lawyers Request Dismissal of 3AC Claims, Calling Them "Illogical"
FTX bankruptcy lawyers have formally requested the court to dismiss Three Arrows Capital's (3AC) $1.53 billion claim, arguing that the request lacks a logical basis. The lawyers stated that 3AC's claimed losses primarily stem from its own spot and leveraged trading operations and fund withdrawals on the FTX platform, for which FTX should not be held responsible. According to the arrangement, 3AC must submit a response by July 11, with a related hearing scheduled for August 12.
Project News
Humanity Protocol completed the testnet snapshot at 12:00 UTC on June 21, officially launching its first Fairdrop based on "proof of humanity". Eligible users include: early testnet participants, real users who registered Human ID and invited friends; content creators, event organizers, and community promoters; Kaito Yappers who hold and stake KAITO and are active on the leaderboard; technology builders based on Humanity Protocol; and ecosystem partners supporting the project's vision.
World Foundation Distributes 1 Million WLD Retroactive Rewards to Early Applet Developers
The World Foundation announced on the X platform that it will distribute 1 million WLD retroactive rewards to early applet developers. Eligible builders must meet the following criteria:
-- As of May 16, 2025, having more than 10,000 verified unique users;
-- The product remains active in the ecosystem;
-- Complying with plan guidelines and terms and conditions.
CryptoSlam data shows that the Non-Fungible Token market experienced a significant decline over the past week, with trading volume decreasing by 18.43% to $116.9 million. The number of Non-Fungible Token buyers remained unchanged at 1,061,348 (maintaining a 50.56% growth), while the number of sellers increased by 8.09% to 38,494. The number of Non-Fungible Token transactions slightly decreased by 0.63% to 1,709,086.
Immutable network's trading volume reduced to $28.3 million, a 32.23% decrease from the previous week. Polygon network's trading volume reached $23.3 million, a 24.98% increase, surpassing Ethereum. Ethereum network dropped to third place with a trading volume of $20.4 million, a 32.06% decrease. Mythos Chain network maintained fourth place with a trading volume of $14.1 million, only a slight 0.03% decline. Solana network rose to fifth place with a trading volume of $8.7 million, an increase of 42.74%.
Regulatory Trends
Analysis: MiCA Framework Boosts European Crypto Market Growth, US Retail Trading Cools Down
According to data from Paybis co-founder Konstantins Vasilenko, EU customer trading volume increased by 70% quarter-on-quarter in the first quarter of 2025 after the MiCA regulation took effect. During the same period, retail trading activity in the US market showed a downward trend. Kaiko estimates that currently only 18% of Coinbase's spot trading volume comes from retail investors, down from 40% in 2021. Robinhood's crypto trading volume also decreased by 35% in the first quarter of 2025.
Vasilenko stated that MiCA opened its licensing window on January 1, 2025, with newly injected funds being larger and more purposeful. The MiCA framework introduced a single licensing system for all EU member states and implemented strict regulations on stablecoins, requiring 1:1 reserves, audits, and asset segregation, thereby enhancing investor confidence.
In contrast, ongoing regulatory uncertainty in the US has hindered market development. Despite supportive statements from former President Trump and his government members, comprehensive federal crypto legislation has yet to be enacted.
Personal Voices
Analyst: Bitcoin Demand Slowing Down, Potential Support Area Around $92,000
CryptoQuant Research Director Julio Moreno indicated that Bitcoin demand is showing signs of cooling after a period of accelerated growth, with prices approaching $112,000. Spot demand continues to grow but at a slower pace, currently below historical trends. Whale and ETF Bitcoin purchases have halved. Demand from new investors is also declining. In the futures market, investors have recently been taking profits and starting to establish new short positions. If demand continues to weaken, Bitcoin may find support around $92,000, which corresponds to traders' on-chain actual cost price and is typical support during a bull market. If this support fails, the next support level could be around $81,000, near the lower bound of traders' on-chain actual cost price.
Trader Eugene: Long on Bitcoin and Some Altcoins, Now is a "Buy the Dip" Moment
Trader Eugene Ng Ah Sio posted on his personal channel, "I've aggressively opened long positions, including Bitcoin and some altcoins. I believe that the US bombing operation earlier today, combined with the closure of the Hormuz Strait, has been enough to wash out early longs, and now is the time to 'buy the dip'. If the market directly gaps down to $95,000, then it's 'goodnight', but this is the last battle for the longs, and I'm in position."
Strategy founder Michael Saylor again released Bitcoin Tracker related information. He stated, "Nothing can stop this orange."
According to previous patterns, Strategy always discloses Bitcoin acquisition information the day after such messages are published.
According to the Hong Kong Wen Wei Po, JD Group Vice President Shen Jianguang stated at the opening forum of the 2025 Wealth Management Expo that RMB has inherent advantages in internationalization, and although significant progress has been made, there is still substantial room for growth in global currency usage. He suggested that Hong Kong, as a pioneer in offshore RMB development, could develop a stablecoin for offshore RMB, which would help the RMB secure a place in the next generation of international monetary competition.
