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Gate Research Institute: The EU has granted MiCA licenses to 53 encryption companies|Strategy plans to raise 4.2 billion USD
Crypto Market Overview
Trending Tokens on Juejin
Sologenic SOLO* (+26.43%, circulating market value 152 million USD)*
According to Gate.io market data, the current price of the SOLO token is 0.385 USD, with a 24-hour increase of 26.43%. The current circulating market cap of SOLO is 152 million USD.
Sologenic (SOLO) is a token issued based on XRP that enables transactions and transfers between cryptocurrencies and non-blockchain assets, such as stocks, funds, and assets from more than 30 global stock exchanges, totaling over 40,000 assets. By tokenizing commodities from over 30 stock exchanges, SOLO bridges the traditional financial market with the crypto market, bringing enormous traffic to the entire industry.
The increase of SOLO may be driven by multiple factors. The Sologenic platform has supported over 40,000 tokenized stocks, ETFs, and commodities, which can be traded through multiple top exchanges worldwide. Recently, the growing interest in the tokenization of stock assets may have contributed to the increased trading volume of SOLO and the rise in token prices.
Grass GRASS* (+6.15%, circulating market value 286 million USD)*
According to Gate.io market data, the current price of the GRASS token is 1.17 USD, with a 24-hour increase of 6.15%. The current circulating market capitalization of GRASS is 286 million USD.
Wynd Labs launched the Grass project in June 2023. Andrej Radonjic is one of the co-founders of Wynd Labs. The creation of this project aims to allow individuals to benefit from the growing trends in AI. The Grass project is a decentralized network based on Solana that enables users to monetize unused internet bandwidth. By running nodes, users can share bandwidth and provide data support for AI model training. Participants can easily join the network and earn passive income without having to invest significant resources.
GRASS has risen over 6% in the past 24 hours, likely benefiting from the significant increase in project popularity due to its recent launch of the Android application. This application allows users to earn rewards by sharing unused bandwidth, expanding the user base and enhancing token demand, boosting market confidence and driving up prices. Looking ahead, as Grass continues to optimize its decentralized data ecosystem and advance its 2025 roadmap, the promotion of the Android application is expected to further attract user participation, solidifying its position in the AI data processing market and driving long-term value growth for the GRASS token.
XDC Network XDC* (+4.66%, circulating market cap 10.7 million USD)*
According to Gate.io market data, the current price of the XDC token is $0.066, with a 24-hour increase of 4.66%. The current circulating market capitalization of XDC is $1.07 billion.
The XDC Network was founded in 2017 by a group of entrepreneurs and developers. The founders include Atul Khekade, Ritesh Kakkad, and Peter Yeo. The XDC Network is an open-source hybrid blockchain protocol suitable for enterprises, focusing on the tokenization of decentralized finance in the real world. It features a naturally developer-friendly hybrid architecture that provides blockchain users with hybrid relay bridges, spontaneous block finality, and interoperability. The XDC Network offers a secure and transparent way for businesses in various industries, such as finance, healthcare, and supply chain management, to conduct transactions and record data.
The on-chain of traditional financial assets is a hot topic of recent discussions. Credefi's RWA lending platform and CRYMBO's compliance tool launched on XDC at the end of June, providing on-chain solutions for banks and fintech companies for tokenized debt, user verification, and execution of cross-border regulations (Genfinity Report). These developments further solidify XDC's position in the institutional market and may have driven the recent rise in token prices.
Alpha Interpretation
The EU has issued MiCA licenses to 53 crypto market companies, and the stablecoin issuer Tether is not among them.
The latest data shared by Circle executive Patrick Hansen shows that the EU has currently issued MiCA licenses to 53 institutions, allowing them to "passport" services across 30 countries in the European Economic Area without the need for further applications. Among them, 14 companies have been authorized to issue stablecoins or electronic money tokens (EMT), including Circle, Société Générale, Stablemint, Quantoz, and StablR; Tether, as the issuer of USDT, has not yet obtained compliance permission and is not on the list. Additionally, the 39 approved crypto asset service providers (CASPs) include BBVA, Robinhood, and Coinbase.
Looking ahead, the comprehensive implementation of the EU MiCA framework will set a new benchmark for global cryptocurrency regulation, attracting more compliant institutions into the market. The normalization of stablecoins and crypto services will accelerate industry consolidation, enhancing market transparency and trust. Unlicensed issuers will face greater compliance pressure, prompting the crypto industry to move towards a healthier and more sustainable development path.
Strategy plans to issue STRD stock to raise 4.2 billion USD.
Strategy Inc. announced that it has signed a sales agreement to issue STRD stock (Series A perpetual Stride preferred stock) to raise $4.2 billion. Strategy expects to sell STRD stock in a planned manner over a long period under the ATM plan, while considering the trading price and volume of STRD stock at the time of sale. It is reported that Strategy intends to use the net proceeds from the ATM plan for general corporate purposes, including purchasing Bitcoin and as working capital.
The plan of Strategy Company to raise funds through the issuance of STRD preferred shares demonstrates its strategic layout in the capital market and its long-term optimism about encryption assets. In the future, as the ATM plan steadily progresses, Strategy is expected to optimize capital allocation efficiency through a flexible rhythm of stock sales. The raised funds will be used to increase its holdings in Bitcoin and support operations, further consolidating its competitive advantage in the encryption investment field. Looking ahead, Strategy's strategy may focus on balancing the integration of traditional finance and encryption assets, capturing investment opportunities through market fluctuations, while promoting business diversification and long-term growth through robust capital management.
BTFS protocol v4.0 mainnet officially launched
The BTFS ( BitTorrent File System ) v4.0 mainnet upgrade has been completed and is now fully operational. This upgrade focuses on enhancing network reliability based on storage provider exclusive nodes (BTIP-89), implementing a metadata transparency management mechanism using smart contract technology (BTIP-90), and supporting community autonomy through a distributed governance system (BTIP-91). These technological improvements further optimize the infrastructure performance of the BTFS network, enhancing the security and scalability of the system. As an important advancement in the field of decentralized storage, BTFS will continue to promote technological innovation to support the construction of Web3.0 data storage infrastructure.
The launch of BTFS v4.0 on the mainnet marks an important breakthrough in decentralized storage technology. By enhancing network reliability, managing metadata transparently, and establishing a distributed governance system, it significantly improves the system's performance, security, and scalability. This upgrade not only optimizes the infrastructure for Web3.0 data storage but also lays a solid foundation for community autonomy and ecological development. In the future, technological innovations from BTFS are expected to promote the widespread application of decentralized storage in the Web3.0 ecosystem, accelerate the realization of data sovereignty and privacy protection, and further consolidate its leading position in the global distributed storage market.
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Reference Materials:
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