Crypto Morning Report: Trump to hold trade talks with the EU on Wednesday, Ark Invest sells $90.58 million worth of Coinbase stock
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Crypto Morning Report: Trump to hold trade talks with the EU on Wednesday, Ark Invest sells $90.58 million worth of Coinbase stock
Sonic announces the opening of Season 1 airdrop claims, users can now claim 25% of their allocation.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Yellen did not comment on the economic or monetary policy outlook during her speech
According to Jinshi Data, Federal Reserve Chair Yellen stated that the Fed is a dynamic institution willing to hear new ideas and feedback on how to improve the capital framework for large banks.
Yellen did not comment on the economic or monetary policy outlook during her speech.
Trump: Will hold trade talks with the EU on Wednesday
Following the announcement of a trade agreement with Japan, U.S. President Trump said that EU representatives will engage in trade negotiations with the United States on Wednesday. Trump stated, "Europe is up tomorrow, and the day after, some other countries will come."
21Shares submits S-1 filing to SEC for ONDO ETF
According to The Block, 21Shares has submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded product tracking the ONDO token. ONDO is the native token of the Ondo Finance platform, which focuses on tokenizing real-world assets (RWA) such as U.S. Treasury bonds and money market funds.
Ondo Finance was founded by former Goldman Sachs employees and recently announced plans to acquire the U.S.-regulated broker-dealer Oasis Pro and collaborate with Pantera on a $250 million RWA investment initiative. Notably, Ondo is linked to President Trump’s World Liberty Financial DeFi project, which has purchased approximately $500,000 worth of ONDO tokens for its multi-asset vault.
Currently, dozens of crypto-related ETF proposals await SEC approval, with analysts raising the likelihood of XRP, Dogecoin, and Cardano ETF approvals to 90%.
Source: Polymarket considering issuing its own stablecoin
According to CoinDesk, sources say that the crypto prediction market platform Polymarket is considering either launching its own custom stablecoin or accepting a revenue-sharing agreement with Circle based on its USDC holdings. Creating its own stablecoin would allow Polymarket to control the yield-generating reserve assets backing the large amount of USDC on its platform. A Polymarket representative said the stablecoin decision hasn't been finalized. Sources noted that from a regulatory standpoint, it would be easier for Polymarket to issue its own stablecoin. The platform locks significant stablecoin value and wants to earn yield from it; with a closed ecosystem, it only needs to convert USDC or USDT into a custom stablecoin, avoiding complications with deposit and withdrawal channels, making it simple, secure, and easier to control. Circle's spokesperson declined to comment.
On-chain investigator ZachXBT accuses Crypto Beast of manipulating ALT token crash, cashing out over $11 million
According to on-chain investigator ZachXBT, crypto influencer Crypto Beast is suspected of manipulating the price of the ALT token on July 14, causing it to plummet from $0.19 to $0.003, crashing the market cap from $190 million to $3 million.
ZachXBT's on-chain analysis revealed that Crypto Beast had previously actively promoted the ALT token, and more than 45 associated internal wallets collectively sold over $11 million worth of tokens. Crypto Beast’s publicly shared wallet address traces back to a Celestia address that transferred funds to multiple exchanges including Kucoin, Sideshift, Binance, and HTX, funding sidechain wallets.
ZachXBT said Crypto Beast deleted all posts promoting the token after the crash, having previously denied involvement in the price drop.
Sonic launches first season airdrop claiming, users can now claim 25% share
According to an official announcement, Sonic’s first-season airdrop has officially begun, allowing users to claim 25% of their allocation, with the remaining 75% to be linearly released in NFT form and gradually opened via PaintSwap’s order book. The team reminded that this airdrop is based on Sonic mainnet whitelist activities and is unrelated to any presale or TGE.
Delphinus Lab: ZKWASM token airdrop eligibility query page now live
Official announcement: Delphinus Lab has launched its airdrop eligibility checking tool, allowing users to verify their eligibility through the provided link.
Prior news: Delphinus Lab’s tokenomics model includes a total supply of 1 billion tokens, with 2.5% allocated to airdrops and 2% to IDO. Additionally, Binance Wallet launched the Delphinus Lab (ZKWASM) TGE event today.
Ark Invest sells $90.58 million in Coinbase stock, while also reducing positions in Robinhood and Block
According to The Block, Cathie Wood’s investment firm Ark Invest sold 218,986 shares of Coinbase (COIN) stock worth $90.58 million on Monday through its three ETF funds.
On the same day, Ark also reduced its holdings in Robinhood by $11.46 million and Block by $7 million. Ark’s investment strategy limits single stock holdings to no more than 10% of a fund’s portfolio to maintain diversification.
Coolpad Group enters RWA sector, expanding into Web3.0 real-world asset tokenization
According to an official announcement, Coolpad Group Limited (stock code: 2369) has entered the RWA (Real World Asset Tokenization) field and is actively building its presence in the Web3.0 ecosystem. The company plans to launch an RWA 2.0 solution involving over 3,151 related projects.
Coolpad will focus on real estate asset tokenization, including specific projects like Building 13 and 5A. The company will also collaborate with the M1 platform to advance practical applications and implementation of RWA technology.
JPMorgan plans to launch crypto-backed lending services, earliest implementation next year
According to The Block, JPMorgan plans to allow clients to use cryptocurrencies as collateral for loans starting next year, marking broader acceptance of crypto assets by traditional financial institutions. Although CEO Jamie Dimon has remained skeptical of Bitcoin, he has acknowledged that the bank will assist clients in purchasing Bitcoin.
Mexican real estate firm Grupo Murano invests $1 billion in Bitcoin, plans to build $10 billion Bitcoin treasury within five years
According to Bitcoin Magazine, Mexican $1 billion real estate firm Grupo Murano has announced a major investment in Bitcoin, planning to build a $10 billion Bitcoin treasury within five years. CEO Elias Sacal stated that the company will convert assets into Bitcoin through asset restructuring and sale-and-leaseback arrangements while maintaining operational control. This strategy aims to address interest rate volatility challenges in the real estate industry, with 70–80% of business focused on Bitcoin holdings and 20–30% on real estate development. Grupo Murano also plans to deploy Bitcoin ATMs and support Bitcoin payments at its hotels.
Market Overview
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