US 6-week Treasury auction bidding multiple as of July 29

Stablecoins, RWA, and DeFi: The Three Catalysts Driving Ethereum's Value Reevaluation Recently, the performance of cryptocurrency stocks has been good, prompting investors to think about several important questions: Where is the market increment after the stablecoin bill passes? Why can certain tokens surge due to Ethereum hotspots? What is the relationship between RWA opportunities and Ethereum? Why is there still optimism for ETH despite short-term price fluctuations? This article will systematically summarize these questions from a fundamental logic and long-term perspective. The rise of Ethereum is not driven by individual institutions, but rather a collective choice of mainstream institutions as they undergo transformation and layout changes. The critical point of trend change is about to arrive. 1. Data Insights The total market value of stablecoins has reached a historical high of $258.3 billion. The U.S. stablecoin bill is progressing smoothly and is expected to complete legislation before August. The Hong Kong stablecoin regulations will take effect on August 1. The U.S. Treasury Secretary expects that if the bill passes, the market value of stablecoins will exceed $2 trillion within a few years. Asset Tokenization

$CALF is classic eg of small ETF in a small pond that got too big. It ended up being outsized owner of some rando small caps and so it had to change index rules to incl more stocks and weight caps. Nice look at ownership of these stocks bf and after change

Market reaction and outlook after the first Crypto Summit in the United States On March 7, 2025, the White House hosted the first-ever "Crypto Summit" in history. Prior to this, the market widely expected the government to release significant positive news, such as announcing an increase in Bitcoin purchases or incorporating more cryptocurrencies into the national reserves. This expectation drove the price of Bitcoin from $80,000 to nearly $95,000, and other mainstream cryptocurrencies generally rose by 5% to 25%. However, the actual content of the summit did not meet market expectations. The meeting reiterated its stance of "supporting the industry and moderate regulation", but no new large-scale coin purchase plans or substantive new policies were announced. As a result, the market experienced a significant correction after the summit, with Bitcoin dropping 3% to 5% the next day, and other mainstream cryptocurrencies generally retreating by 5% to 10%. Nevertheless, compared to the strict controls of the previous government, the current policy and regulatory environment has clearly relaxed.

📍 Current Status of Turkey's Growth and Inflation Expectations

The total number of inscriptions for the Bitcoin NFT protocol Ordinals has exceeded 10 million, causing a surge in network fees. To optimize on-chain resources, the GBRC721 protocol has emerged, significantly reducing block space and supporting full-chain storage. The project OrdiBots attracts attention with its high growth rate, and the continuous development of the GBRC721 ecosystem brings new opportunities to Web3.