The UK's Financial Conduct Authority (FCA), the financial regulator, previously announced it would open up crypto ETN trading to retail investors. However, the FCA clarified that its ban on retail clients trading crypto asset derivatives will remain in effect while it continues to monitor market developments and consider its approach to high-risk investments. (Zhitong Finance)

Odaily Planet Daily reports that sources close to Hong Kong stablecoin license applicants told Caixin that the Hong Kong stablecoin craze will subside as regulatory details are finalized. This is especially true for non-financial institutions whose primary application scenarios are cross-border payments, who may voluntarily abandon early participation due to difficulties in meeting regulatory requirements to "verify the identity of every coin holder." This also means that early-stage internet platforms such as JD.com and Ant Financial may have a hard time appearing on the initial list of licenses. Furthermore, CITIC Group, through its Hong Kong subsidiary CNCBI, has partnered with several institutions to apply for the first batch of stablecoin licenses. Industry insiders note that Bank of China (Hong Kong), one of Hong Kong's three major note-issuing banks, has inherent advantages in issuing a stablecoin, which would also reassure regulators in both places. (Caixin.com)

Odaily Planet Daily reports that the Hong Kong RWA registration platform will launch on August 7th. Initiated by the Hong Kong Web 3.0 Standardization Association, it will open up a full service system for the digitization, assetization, and financialization of RWA asset tokenization. (Science and Technology Innovation Board Daily)

1. Arthur Hayes responded to the sell-off: BTC is expected to test $100,000 and ETH will test $3,000; 2. Eric Trump: Again, buy BTC and ETH on the dips; 3. The chairman of Ethereum treasury company Bitmine: Wall Street is "quietly" buying crypto assets, and ETH may rise to $15,000; 4. FG Nexus announced the launch of its Ethereum financial strategy and the establishment of the trust fund FG CVR Trust; 5. Trump Media & Technology Group's Q2 financial report revealed that it holds approximately $2 billion in Bitcoin, with financial assets increasing by 800% year-on-year; 6. Analyst: ETH daily active addresses rise to 841,000, a nearly one-year high; 7. One address has accumulated approximately $148.5 million in PI. 8. A whale withdrew approximately $36 million in ETH from the CEX; 9. Eugene: I'm long ETH again, and $3,500 is a reasonable entry point; 10. Binance Alpha will list DarkStar (DARK) on August 4th. 11. Binance: Alpha users with at least 200 points can claim a 750 AIO airdrop today at 6:00 PM.

Odaily Planet Daily News: Tom Lee, chairman of Ethereum treasury company Bitmine Immersion (BMNR) and co-founder of Fundstrat, said in an interview with CoinDesk TV that although the market is rebounding, many investors still do not believe in the authenticity of this round of market, which is the key to driving further increases in crypto assets. Lee pointed out that investors have repeatedly underestimated every market recovery since 2020, calling the current rebound that began in April "the most underestimated V-shaped reversal in history." He said that traditional finance is "steadily and quietly" entering the crypto market, especially Ethereum, whose legal clarity and technological stability make it the preferred platform for Wall Street to promote tokenization. Bitmine currently holds 625,000 ETH, with total assets approaching $2.8 billion and almost no debt. Lee confirmed that the company is advancing a $1 billion share repurchase plan with the goal of cumulatively holding 5% of the ETH supply. Lee also predicted that the Federal Reserve's upcoming interest rate cut cycle could push Bitcoin to $250,000. He believes that ETH, currently priced at $3,700, should be reasonably valued at $15,000 based on network fundamentals, emphasizing that "we are not at the top yet, we are only mid-cycle." (CoinDesk)

Odaily Planet Daily reports that Nasdaq-listed Trump Media & Technology Group (DJT) released its second-quarter 2025 financial report. As of June 30, its financial assets reached approximately $3.1 billion, an approximately 800% year-over-year increase. This growth was primarily driven by the company raising nearly $2.4 billion for its Bitcoin funding strategy, accumulating approximately $2 billion in Bitcoin and related assets in July, making it one of the largest publicly listed companies in terms of Bitcoin holdings. The report also showed that DJT achieved positive operating cash flow for the first time this quarter, reaching $2.3 million, but had a net loss of $20 million. In addition, the company's platform Truth+ plans to launch a reward mechanism and embed utility tokens in digital wallets. The tokens can be used to pay subscription fees in the early stage and will be expanded to other services in the Truth ecosystem in the future. DJT has also filed registration statements for several ETFs, including the Truth Social Crypto Blue Chip ETF, the Truth Social Bitcoin and Ethereum ETF, and the Truth Social Bitcoin ETF. (Globenewswire)

Odaily Planet Daily News: Nasdaq-listed company ATA Creativity Global (Nasdaq: AACG) announced that it has signed an agreement with Baby BTC Strategic Capital, led by the Babylon Foundation as an LP. The latter will acquire a controlling stake in ATA for a total of US$100 million, including US$30 million in new shares and US$70 million in warrants, and restructure the board of directors. ATA will transform into the world's first listed platform focused on the BTCFi ecosystem, collaborating closely with the Babylon project (currently 45,000 BTC staked). The company will also acquire a large number of Baby tokens, targeting Baby's over $100 million circulating market capitalization, to establish a dual-track model of "BTCFi infrastructure + Baby token reserves," bridging the gap between crypto and traditional financial compliance.

Blockchain startup Subzero Labs has secured $20 million in seed funding led by Pantera Capital, with participation from Variant, Coinbase Ventures, and Susquehanna's crypto arm. The company is developing the Rialo blockchain for real-world scenarios, aiming to break through the current limitations of crypto technology, which primarily serves financial speculation. Co-founder Ade Adepoju, a former Mysten Labs engineer who also worked on the Sui blockchain, aims to provide non-crypto developers with a native solution for integrating external data (such as FICO credit scores) on-chain, without relying on oracles. The team currently has 20 members, and the funding includes equity and token subscription rights. The specific valuation was not disclosed. (Fortune)

According to Odaily Planet Daily, Bernstein analysts maintained their $510 price target for Coinbase in their latest research report, despite the company's stock price falling over 15% following the release of its earnings report. The analysts believe that the second-quarter performance will have a limited impact on the company's outlook, and they prioritize the positive signal of a 44% month-over-month increase in trading activity in July. Bernstein predicts that as structural changes in the stablecoin and asset tokenization sectors progress, the market will experience greater volatility in the second half of the year, with trading focus shifting to blockchain assets and financial tokens such as Ethereum and Solana. (The Block)

Mill City Ventures III, Ltd. (NASDAQ: MCVT), a non-bank lender and finance company, announced today that it has signed an equity facility agreement with AGP/Alliance Global Partners, an investor, allowing Mill City to sell up to $500 million of the company's common stock at its discretion, subject to certain restrictions and closing conditions. Proceeds from the equity facility, excluding commitment fees, will be used to advance the company's SUI financial strategy. (Businesswire)