News Heat Trend
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Meta (META): Multiple KOLs Bullish, $1.7 Trillion Market Cap Possibly Undervalued
According to monitoring by the BlockFlow KOL Opinion Aggregation Platform, Meta Platforms (META) is currently priced at $669.21. Multiple KOLs are unanimously bullish, believing that given its massive user base across multiple platforms and AI infrastructure build-out, the $1.7 trillion valuation is cheap.
Changxin Technology Launches STAR Market IPO, Estimated Market Cap Nearly 295 Billion RMB, 78% of Shares Restricted on First Day
chip company Changxin Technology has received approval from the China Securities Regulatory Commission for registration and has officially initiated its IPO issuance procedures on the STAR Market. The company plans to raise 29.5 billion RMB through this issuance. Based on the fundraising amount and the number of shares issued, the estimated issuance price is approximately 4.41 RMB per share, and the estimated total market capitalization after listing will be close to 295 billion RMB.The company expects to achieve revenue of 110 billion to 120 billion RMB in the first half of 2026, with net profit ranging from 66 billion to 75 billion RMB, marking a turnaround from losses to profitability growth.According to the issuance arrangements, the initial strategic placement ratio is 50%, and the offline placement follows the "3+7" rule, with 70% of the shares distributed to offline investors locked up for 6 months. Calculations show that approximately 78% of the issued shares will be under restricted trading on the first day of listing, corresponding to an estimated tradable market capitalization of about 6.5 billion RMB for new shares on that day.Additionally, online investors are required to have STAR Market trading permissions and meet the Shanghai market value requirements. Some major shareholders have committed to a lock-up period of 36 months. The lead underwriter, CICC, has a 15% over-allotment option, allowing it to conduct price stabilization operations within 30 calendar days after listing.
Bitget U.S. IPO Prime Phase II: OpenAI’s IPO Subscription Opens on May 12
According to the official announcement, the second asset launched on Bitget IPO Prime is preOPAI—a digital token issued by the regulated issuer Republic on the Solana blockchain, designed to mirror OpenAI’s post-IPO economic performance on a 1:1 basis. As the world’s leading consumer AI provider, OpenAI reports approximately 900 million weekly active users, according to official data. Its most recent funding round raised $122 billion, with participants including Microsoft, NVIDIA, Amazon, and SoftBank. Bitget IPO Prime operates on a subscription model, whereby users receive subscription quotas based on their account tier. Upon completion of token allocation, users may trade the tokens on the upcoming spot market. Alternatively, after the lock-up period for preOPAI’s underlying debt assets expires, the issuer will authorize Bitget to convert users’ holdings into either stock tokens or USDT, referencing the underlying company’s (OpenAI’s) publicly traded stock price. IPO Prime Details: • OpenAI Implied Valuation: $898.21 billion • Total IPO Prime Subscriptions: 29,082 • Total Subscription Value: $21,084,450 • Subscription Price: 1 preOPAI = $725 • Accepted Subscription Currencies: USDT or USDGO • Total Subscription Pool Cap: $300,000,000
Strategy's BTC Holdings Market Cap Surpasses $65 Billion, Q1 Earnings Expected This Week
Odaily Strategy founder Michael Saylor posted on X yesterday stating that the company will suspend its routine weekly Bitcoin purchase plan this week, marking the second time this year it has paused weekly accumulation.To date, Strategy holds a total of 818,334 BTC, representing approximately 3.9% of Bitcoin's total supply. Data from Saylortracker shows that as Bitcoin staged a strong rebound today, breaking through the $80,000 mark, the total market value of BTC held by Strategy has returned to above $65 billion, currently standing at $65.74 billion. The average cost price is $75,537, with an unrealized profit of $3.926 billion.Strategy is expected to announce its Q1 earnings on Tuesday, with the market anticipating a loss per share of $18.98, higher than the loss of $16.38 per share in the same period last year. Its ongoing coin purchases are primarily financed through stock (MSTR) and perpetual preferred stock. Among these, the high-dividend product STRC (annualized yield approximately 11.5%) has raised concerns among some analysts regarding structural risks, though others argue that this model can convert yield demands into long-term Bitcoin exposure. (The Block)
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
Russian Central Bank Governor: Cryptocurrency Purchase Cap for Non-Qualified Investors Aims to Protect Investors
Odaily News: Russian Central Bank Governor Elvira Nabiullina stated that Bill No. 1194918-8 differentiates between qualified and non-qualified investors. This practice is not exclusive to the cryptocurrency field but is a common arrangement in regulation. Elvira Nabiullina indicated that non-qualified investors have fewer participation options because the government protects them from undertaking risks they do not understand through legislation. She pointed out that relevant measures also cover the crypto ecosystem, citing the volatility of the crypto market and the risk that foreign digital assets may be seized due to their connection with Russia. Bill No. 1194918-8 is expected to take effect on September 1, coinciding with the launch of the digital ruble. The bill stipulates a purchase cap of 300,000 rubles (approximately $3,800) for non-qualified investors' cryptocurrency purchases, with the limit for qualified investors being ten times that amount. Elvira Nabiullina stated that Russia's crypto ecosystem remains open, with no restrictions on the repatriation or transfer of digital assets abroad. She noted that investors who receive related assets abroad will not be protected by Russian law and must resolve any issues that arise within the jurisdiction of the foreign country.
a16z Crypto: Tokenized Stocks Market Cap Surpasses $1.7 Billion, Up Over 5x in One Year
According to a post by a16z crypto researcher Robert Hackett and data advisor Ryan Holloway, the tokenized stock market is experiencing explosive growth. As of June 2026, the total market capitalization of tokenized stocks reached approximately $1.7 billion, representing a more than fivefold increase from $329 million a year earlier, making it one of the fastest-growing categories among tokenized assets. On-chain data shows that monthly transfer volume surged from $53 million last June to $9.22 billion this June, a year-over-year increase of more than 170 times. The market structure has also changed significantly: the proportion of crypto-related products dropped from 79% to 21%; the AI and chip category jumped from nearly zero to a market share of 15.5%; tech giants rose from 0.6% to 10.6%; and ETFs and indices increased from 4.5% to 17.3%. At the institutional level, DTCC has completed the first live trades of tokenized Treasury bonds and stocks on Digital Asset's Canton network, with full services planned to launch in October, which will open access for Wall Street to approximately $114 trillion in DTC custodied assets. Meanwhile, Robinhood has launched its own chain, NYSE's parent company announced a joint venture with OKX (pending regulatory approval), and Coinbase and Binance have also sequentially launched offerings for non-U.S. users.
Bank of England Eases Stablecoin Regulations, Removes Individual Holding Limits and Sets £400 Billion Issuance Cap
OdailyOdaily reports that the Bank of England released its final policy statement and draft rules for systemic stablecoins on Monday, relaxing several previously proposed regulations. The central bank has canceled the original plan to impose caps on individual holdings, instead establishing a temporary issuance limit for each stablecoin, with an initial amount set at £400 billion (approximately $52.8 billion).Additionally, the Bank of England will allow issuers to hold up to 70% of reserve assets in short-term UK government bonds, up from the previously proposed 60%, with the remainder required to be held in non-interest-bearing central bank deposits. Public consultation on the proposals will remain open until September 22, with the rules expected to be finalized by the end of 2026. Regulated stablecoins are anticipated to begin operations in the UK by 2027. (decrypt)
Bitget U.S. IPO Prime Phase II: OpenAI’s IPO Subscription Opens on May 12
According to the official announcement, the second asset launched on Bitget IPO Prime is preOPAI—a digital token issued by the regulated issuer Republic on the Solana blockchain, designed to mirror OpenAI’s post-IPO economic performance on a 1:1 basis. As the world’s leading consumer AI provider, OpenAI reports approximately 900 million weekly active users, according to official data. Its most recent funding round raised $122 billion, with participants including Microsoft, NVIDIA, Amazon, and SoftBank. Bitget IPO Prime operates on a subscription model, whereby users receive subscription quotas based on their account tier. Upon completion of token allocation, users may trade the tokens on the upcoming spot market. Alternatively, after the lock-up period for preOPAI’s underlying debt assets expires, the issuer will authorize Bitget to convert users’ holdings into either stock tokens or USDT, referencing the underlying company’s (OpenAI’s) publicly traded stock price. IPO Prime Details: • OpenAI Implied Valuation: $898.21 billion • Total IPO Prime Subscriptions: 29,082 • Total Subscription Value: $21,084,450 • Subscription Price: 1 preOPAI = $725 • Accepted Subscription Currencies: USDT or USDGO • Total Subscription Pool Cap: $300,000,000
Goldman Sachs: Apple Market Cap Overtakes Nvidia, Price Target Raised to $370
According to TechFlow Research, on Monday (July 27), Apple rose over 1%, with its market cap reaching $4.94 trillion, surpassing Nvidia's $4.78 trillion to return to the top spot in global market cap. Over the past month, Apple outperformed the Nasdaq 100 Index by 23 percentage points, marking the largest single-month excess return since 2005. Goldman Sachs raised the target price from $330 to $370 on the same day, maintaining a Buy rating, citing increased confidence in the iPhone upgrade cycle and AI strategy. Apple will release its Q3 earnings report on Thursday, with the market expecting EPS to be $1.89. This market cap overtaking occurred against the backdrop of growing investor concerns over the ROI on huge AI capital expenditures, with Google's FCF turning negative and Nvidia facing sell-offs, while Apple became a safe haven instead due to restrained AI spending.
SHIB Market Cap Surges Approximately $1 Billion in Single Day, Korean Exchanges Emerge as Major Source of Buying Pressure
Meanwhile, Dogecoin (DOGE) rose only about 6% during the same period, while other dog-themed tokens increased by around 10%, indicating that capital was primarily concentrated into SHIB. In the derivatives market, during this rally, positions of about 2,300 traders in SHIB and 1000SHIB were liquidated, with a total liquidation value of about $6 million, of which short positions accounted for about $5 million, but analysis suggests that short covering was more a result of the price increase rather than the main driving factor of this market movement.
Galaxy Digital Head of Research: Multiple Bitcoin Long-Term Holder Metrics Hit All-Time Highs
According to a post by Alex Thorn (@intangiblecoins), Head of Research at Galaxy Research, metrics related to Bitcoin long-term holders have all reached all-time highs: Supply held for ≥10 years accounts for 17.7% Long-term holder holdings reach 16.75 million coins Long-term holder Realized Market Cap reaches $836.4 billion Long-term holder average cost basis reaches $50,000 The above data indicates that a large amount of holdings are firmly locked by long-term holders; even though the average price has reached $50,000, they refuse to sell. The market's actual circulating supply continues to tighten, and long-term holder behavior is building solid bottom support for Bitcoin prices.
Robinhood Chain Sees Single-Day DEX Volume Exceed $560 Million, CASHCAT Market Cap Hits $100 Million in Five Hours
on-chain analyst Ai Yi posted on Platform X, stating that Memecoins are becoming the primary traffic gateway for Robinhood Chain. CASHCAT reached a market cap of $100 million within five hours, and Robinhood CEO @vladtenev participated in related discussions. Robinhood Chain saw over 10,000 new tokens launched in a single day, with DEX trading volume exceeding $560 million. Robinhood Chain is an L2 network. Users can add the network via wallets such as OKX, Binance, and MetaMask, with Chain ID 4663. The official Robinhood Wallet is available on iOS and Android mobile apps and features cross-chain functionality. Cross-chain methods on Robinhood Chain include the official cross-chain bridge, Robinhood Wallet, and third-party aggregators like Relay, Stargate, and Across. Withdrawals via the official cross-chain bridge have a 7-day waiting period. DEXs on the Robinhood Chain ecosystem include Uniswap and NOXA Fun. Meme tracking tools include DEXScreener and GMGN.
Analysis: Stablecoin Market Cap Continues to Decline, Crypto Market Liquidity Further Tightens
CryptoQuant analyst Darkfost pointed out that data shows over the past 30 days, the market caps of USDC and USDT decreased by 3.6% and 2% respectively, reflecting continued weakening in overall crypto market liquidity. Since November 2025, this slowing trend has become relatively apparent.
Stablecoin Market Under Pressure: Crypto Capital Outflows of ~$10 Billion Amid $3 Trillion Market Cap; US Stocks Become Primary Destination
According to on-chain analyst Ember's monitoring, amidst the ongoing correction in the crypto market, the total market capitalization of USD stablecoins has decreased by approximately $10 billion from its recent peak, currently maintaining a total scale of around $300 billion. Meanwhile, some funds are believed to have flowed into the US stock market, which has exhibited stronger wealth effects this year.The latest quarterly data reveals varying degrees of capital outflow among leading stablecoins:Tether (USDT): Total supply decreased from approximately $189.8 billion to $184.1 billion, a net outflow of about $5.7 billion.USD Coin (USDC): Total supply decreased from approximately $79.6 billion to $73 billion, a net outflow of about $6.6 billion, making it the stablecoin with the largest outflow in this round.Tokens associated with USDC issuer Circle are also under pressure, with its stock price declining from around $136 to near $64, indicating a cooling of market expectations for its growth.In contrast, the stablecoin USD1 recorded a net inflow of approximately $500 million during the same period, with its total supply growing from about $4.1 billion to $4.6 billion, becoming one of the few assets to increase against the trend. However, this growth is partly attributed to interest subsidy incentive mechanisms on trading platforms, such as activities on certain exchanges that guide user holdings and trading behavior.
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
Meme Coin "Niu Lai" Market Cap Briefly Surpasses $50 Million, Hitting New All-Time High
According to GMGN market data, after listing on Binance Alpha, the Meme coin "NiuLai" briefly surpassed a $50 million market cap to reach a new all-time high, then quickly fell back below $40 million.
Stock-Driven Meme Launch Platform StockMars Goes Live on X Layer, First Token Surpasses $400K Market Cap
Odaily News: The Layer 2 network X Layer, developed by OKX, continues to see rising ecosystem activity. On-chain data shows that its DeFi TVL has exceeded $100 million, stablecoin scale has surpassed $2 billion, and xStocks tokenized stock trading volume now accounts for over 80%.Stock-driven Meme launch platform StockMars (stockmars.fun) has gone live on X Layer. The platform's first launched token, $MARSDOGE, has reached a market cap exceeding $400,000.
Upbit Will List CAP KRW, BTC, and USDT Trading Pairs
According to the official announcement, Upbit will list CAP trading pairs against KRW, BTC, and USDT.
Robinhood CEO: No Financial Company Has Ever Reached a Trillion-Dollar Market Cap, But I Believe It's Possible
Odaily News This morning, U.S. internet brokerage Robinhood (HOOD) officially released its Q2 2026 earnings report.Following the earnings release, Robinhood CEO stated: "No financial company has ever reached a $1 trillion market cap before, but I believe it's achievable... The key lies in Agentic Finance and building excellent tools for these AI agents. We are preparing for that world. We will also leverage the early success of Robinhood Chain to enable people around the globe to trade all assets available on the U.S. markets. I am also incredibly excited about private markets... Combining all these factors, I see multiple paths for the company to achieve 10x growth. And we will go all out to explore every single one of them."Robinhood CFO Shiv Verma also stated: "We believe we can achieve 10x growth in our business over the next 10 years. Our competitors have tens of trillions of dollars in assets under management. There is no reason we can't do this. In fact, our newly expanded businesses have larger addressable markets than our core business."
Goldman Sachs: Apple Market Cap Overtakes Nvidia, Price Target Raised to $370
According to TechFlow Research, on Monday (July 27), Apple rose over 1%, with its market cap reaching $4.94 trillion, surpassing Nvidia's $4.78 trillion to return to the top spot in global market cap. Over the past month, Apple outperformed the Nasdaq 100 Index by 23 percentage points, marking the largest single-month excess return since 2005. Goldman Sachs raised the target price from $330 to $370 on the same day, maintaining a Buy rating, citing increased confidence in the iPhone upgrade cycle and AI strategy. Apple will release its Q3 earnings report on Thursday, with the market expecting EPS to be $1.89. This market cap overtaking occurred against the backdrop of growing investor concerns over the ROI on huge AI capital expenditures, with Google's FCF turning negative and Nvidia facing sell-offs, while Apple became a safe haven instead due to restrained AI spending.
Related news
predict.fun launches "Unitree Technology IPO Closing Market Cap Reaches Target" prediction event
Odaily News: predict.fun has launched a prediction event titled "Unitree Technology IPO Closing Market Cap Reaches Target." Data shows that the probability of the market cap exceeding 300 billion is currently 97%; the probability of exceeding 350 billion is 80%; the probability of exceeding 400 billion is 40%; and the probability of exceeding 450 billion is 30%.
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
Meme Coin "Niu Lai" Market Cap Briefly Surpasses $50 Million, Hitting New All-Time High
According to GMGN market data, after listing on Binance Alpha, the Meme coin "NiuLai" briefly surpassed a $50 million market cap to reach a new all-time high, then quickly fell back below $40 million.
CXMT's Market Cap Nears Intel's, Joining Ranks of World's Most Valuable Chip Manufacturers
According to Business Insider, Chinese memory chip manufacturer CXMT saw its stock price surge significantly after listing on the Shanghai STAR Market, with its market capitalization reaching approximately $540.5 billion, close to Intel's $552.6 billion and surpassing Tencent's $505.8 billion, becoming the 24th largest company globally by market capitalization.
Tether Completes KPMG Audit, USDT Reserves Exceed Liabilities by $6.8 Billion
Tether Completes First Full Audit by KPMG, FY2025 Reserves Exceed Liabilities by $6.814 Billion, USDT Market Cap Over $180 Billion
Stock-Driven Meme Launch Platform StockMars Goes Live on X Layer, First Token Surpasses $400K Market Cap
Odaily News: The Layer 2 network X Layer, developed by OKX, continues to see rising ecosystem activity. On-chain data shows that its DeFi TVL has exceeded $100 million, stablecoin scale has surpassed $2 billion, and xStocks tokenized stock trading volume now accounts for over 80%.Stock-driven Meme launch platform StockMars (stockmars.fun) has gone live on X Layer. The platform's first launched token, $MARSDOGE, has reached a market cap exceeding $400,000.