Crypto Assets industry latest developments

Regulation and Macro

• The New Zealand government will strengthen anti-money laundering measures, ban Crypto Assets ATMs, and limit the international cash transfer limit to $5000. The new legislation will expand law enforcement powers, allowing the collection of more financial data.

• The scale of U.S. Treasury bonds has reached a historic high of $36.58 trillion. The four major stablecoin issuers collectively hold about $182 billion in Treasury bonds, ranking 17th in the world.

• Tether has a secret vault in Switzerland that stores $8 billion worth of gold and plans to further expand its gold reserves.

Project Updates

• Eigen Labs announced a restructuring and a 25% layoff, focusing on the development of the EigenCloud platform.

• Binance will support the Polygon network upgrade and remove the observation tag for ZEC as well as the seed tags for ENA, PYTH, TAO, and W.

• Phantom wallet launches perpetual contract trading feature, supported by Hyperliquid technology, with up to 40x leverage.

Data Analysis

• Bitcoin spot ETF has seen a net inflow for 4 consecutive days, with a total net inflow of 80.08 million USD yesterday.

• A giant whale that had been dormant for 4-6 years transferred nearly $1.88 billion in BTC within 24 hours.

• CME Group's Solana futures trading volume exceeded $4 billion.

Investment and Financing

• The AI-driven Crypto Assets trading platform OlaXBT has completed a $3.38 million seed round financing.

• The Japanese clothing brand Mac House plans to invest 1.7 billion yen to purchase Bitcoin.

• Public company GameSquare raises $8 million to launch Ethereum asset management strategy.

• BTCS plans to raise $100 million for Ethereum strategic acquisitions.