MarsBitNews

Musk announces the establishment of the "American Party", sparking heated discussions. Despite his wealth and influence, the American "third party" has historically faced numerous obstacles, with very few successful cases in history. There have been businesspeople and new parties attempting to make a significant change in the political landscape, but they have failed to do so.

According to Mars Finance, the enthusiasm for virtual asset trading has spread from Hong Kong stocks to A-shares, with several listed companies in the Shanghai and Shenzhen markets frequently being asked on interactive platforms whether they are planning to engage in stablecoin business. Industry insiders believe that the policy opening, efficiency surge, and strategic positioning are driving the market's optimism towards stablecoin business. In particular, the Hong Kong "Stablecoin Regulation," which will officially take effect on August 1, is the world's first comprehensive regulatory framework targeting fiat stablecoins.

According to Mars Finance news on July 6, Farside monitoring data shows that this week, the net inflow of the US Ethereum Spot ETF is 219.1 million dollars.

Bill Miller IV, the Chief Investment Officer of Miller Value Partners, pointed out that the ownership verification of Bitcoin is completed through Blockchain, and the government's taxation lacks rationality. He believes that the Bitcoin network has achieved automated management of ownership, changing the taxation model of traditional assets.

According to Mars Finance, CoinDesk reported that the Monetary Authority of Singapore ( MAS ) has concluded a two-year investigation, imposing a total fine of 21.5 million USD on Credit Suisse (, now part of UBS ), Citibank, and 7 other financial institutions, mainly due to deficiencies in Anti-Money Laundering controls. The case involves a criminal gang from Fujian Province, with an amount involved reaching 2.2 billion USD, and seized assets including Crypto Assets, cash, and luxury houses. 10 individuals involved have been convicted, and 2 former bank employees have been prosecuted. The relevant financial institutions are taking corrective measures, and regulatory authorities will continue to monitor the progress of these corrections.

According to Mars Finance, data from July 5 shows that this week, net inflows into Bitcoin Spot ETFs in the United States reached $769.5 million, with BlackRock and Fidelity seeing the most inflows, while Grayscale's GBTC experienced outflows.

According to Mars Finance, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated that Hong Kong has issued green bonds in a tokenized form twice in 2023 and 2025, and the third batch of tokenized bonds is also being prepared. Moving forward, Hong Kong will regularize the issuance of tokenized government bonds and provide incentives for the tokenization of real-world assets, such as exempting stamp duty on the transfer of tokenized exchange-traded funds (ETFs). In addition, Hong Kong will also promote broader tokenization of assets and financial instruments, showcasing the diverse applications of tokenization technology in various fields, including precious metals, non-ferrous metals, and renewable energy (such as solar panels). (Hong Kong Wen Wei Po)

Fragbite Group completed a 5 million Swedish Krona interest-free loan financing, establishing a Bitcoin fund management department. The loan can be converted into company stock, and it is expected to optimize the capital structure and provide initial liquidity through Bitcoin.

The United States is about to approve the first Solana Spot ETF, which includes a staking rewards mechanism, marking an important step toward the legalization of alts. This ETF could become a catalyst for igniting the altcoin Supercycle, attracting institutional investors' attention and sparking expectations for other altcoin ETFs. Market enthusiasm is high, and investors need to seize the opportunity to follow promising cryptos.

According to Mars Finance, Token Terminal data shows that the active loan amount on the Ethereum lending protocol has reached 22.6 billion USD, setting a new historical high. Key players in this market include: Aave, Spark, Morpho, Maple, Fluid, Compound, Euler, etc.

Immutable announced that the END Token TGE has been launched on the X platform, and users can claim tokens. The first quarter rewards will be airdropped before trading, and token trading is expected to start on July 7th. The total supply of END tokens is 500 million coins, with an initial circulating supply of 155.5 million coins.