Crypto Assets Market Dynamics

Regulation and Macroeconomics

The National Policy Committee of South Korea stated that it has not yet specifically discussed the digital asset tax proposal. The previously proposed tax policy is only a preliminary idea and is an informally promoted policy. The National Policy Committee will determine the discussion topics and scope at the upcoming tax and financial reform working group meeting.

The Federal Housing Finance Agency plans to study the relationship between Crypto Assets holdings and mortgage eligibility.

The Governor of Texas signed a bill allocating $10 million to purchase Bitcoin, making it the first state in the United States to actually invest in establishing a Crypto Assets reserve. This move sends an important signal that Texas recognizes the future of digital finance.

The fintech company Fiserv announced plans to launch the stablecoin FIUSD and collaborate with Circle and PayPal to achieve interoperability. Analysts believe this move is related to the anticipated enhancement following the passage of the GENIUS Act.

Market Dynamics

Ark Invest reduced its holdings of Circle stock worth over $100 million yesterday.

Trump Media announced a $400 million stock buyback plan, stating that it will not affect its Bitcoin reserve strategy. The company indicated that there are currently about $3 billion in funds on its balance sheet.

A UK research report shows that by 2035, the country's Crypto Assets and Web3 sectors could create an economic value of up to £40 billion. The application of stablecoins, user-generated content based on DLT, and the combination of blockchain and AI will be the main growth drivers.

A survey shows that 70% of central banks are unwilling to invest in the US dollar due to the political environment in the United States, and 32% of central bank reserve managers plan to increase the proportion of gold in their allocations within 1-2 years.

Project Progress

The Layer2 gaming ecosystem Moonveil will launch the $MORE token generation event on June 27, and the whitelist eligibility check is now open.

A trading platform will launch multiple trading pairs for Newton(NEWT).

Ethereum developers proposed to halve the block interval time from 12 seconds to 6 seconds, which is intended to be included in the Glamsterdam upgrade scheduled for the end of 2026. If successfully implemented, the Ethereum Gas limit is expected to increase threefold.

Celestia co-founder stated that the project has over $100 million in funding reserves, enough to support operations for more than 6 years.

Financing Dynamics

Canton Network developer Digital Asset has completed a $135 million strategic funding round, led by DRW Venture Capital and others.

On-chain bulk commodity derivatives exchange Sphinx completes $2 million Pre-seed round financing.

Former Coral Capital executives will establish BNB Reserve Company Build & Build Corporation and raise 100 million USD.

The newly established crypto asset venture fund Frachtis has completed a $20 million fundraising, focusing on the intersection of blockchain and artificial intelligence.

The DEX GTE based on MegaETH has completed a $15 million Series A financing, led by Paradigm.

Institutional Dynamics

The listed company Vinanz Limited increased its holdings by 37.72 coins of Bitcoin, bringing its total holdings to 58.68 coins.

The listed company The Smarter Web Company increased its holdings by 196.9 coins of Bitcoin, with a total holding of 543.52 coins.

Hong Kong listed company Yuxing Technology disclosed that it has sold 1,220 ETH in the past year.

Hong Kong's VMS Group has ventured into the Crypto Assets field for the first time, planning to allocate up to $10 million to Re7 Capital's strategy.

The publicly listed company The Blockchain Group increased its holdings by 75 coins of Bitcoin for approximately 6.9 million euros.