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This week, the crypto market experienced significant fluctuations. Although overall liquidity has improved, alts performed poorly. The competition in casual gaming projects and Computing Power has become increasingly intense. Bitcoin's volume changed significantly, and the NFT market is overall sluggish, but fundraising activities remain active.

Crypto Assets Market Weekly: Bitcoin fluctuates and adjusts, with significant impact from macro factors.
This week, Bitcoin (BTC) showed a volatile adjustment trend, opening at $97676.53 and finally closing at $96475.82, down 1.23% for the week. During this period, the highest amplitude reached 11.69%, once again challenging the range of $90,000 to $108,000, but trading volume shrank.
At the beginning of the week, due to the impact of tariff policies, BTC experienced a brief flash crash, followed by a rapid rebound. After that, the price continued to fluctuate at low levels, highlighting its risk asset characteristics stronger than its digital gold properties in the current market environment.
At the beginning of this week, short contracts put pressure on BTC, leading to the largest intraday volatility in recent times, with a volatility rate of 11.69%, and creating a new low of 91178.01 dollars since mid-January. This round of intense fluctuations caused about 800 million dollars in losses in the spot market, while losses in the futures market are expected to reach as high as tens of billions of dollars.

Analysis of the EU's Latest Encryption Asset Regulatory Policy and Its Impact
In mid-January 2024, the European Union, as the world's first major jurisdiction to establish a comprehensive encryption regulatory framework, proposed again to add strict restrictions on cryptocurrency transfers and private wallets in anti-money laundering regulations. On March 23, the European Parliament and Council officially implemented this idea as the latest anti-money laundering legislation.
Overview of New Regulations
The new regulation known as "Box Opening Order" aims to eliminate the anonymity of cryptocurrency transactions to regulate activities such as money laundering, tax evasion, and illegal asset transfers. The main provisions include:
1. The use of identity-unknown self-custody encryption wallets for any scale of payments is prohibited within the jurisdiction of the European Union.
2. Cryptocurrency companies need to conduct due diligence on transactions over 1000 euros.
This regulation mainly targets encryption currency users and encryption currency service providers ( VASP ).
The new regulations are in

Crypto Assets industry today news
Regulation and Macroeconomics
The Financial Action Task Force released its sixth report on virtual asset regulation, noting that while there has been progress in legislation and regulation globally, challenges remain in licensing, registration, and offshore risk identification. The report revealed that North Korean hackers stole $1.46 billion from a certain trading platform this year, with only 3.8% recovered. The FATF calls for enhanced global regulatory cooperation to prevent the misuse of virtual assets.
The Hong Kong Financial Services and the Treasury Bureau and the Securities and Futures Commission have launched a public consultation on the regulatory framework for virtual asset trading and custody services. The proposed framework will empower the Securities and Futures Commission to license and supervise relevant service providers, establish compliance standards, and ensure investor protection and market integrity.
The Trump administration is brewing a series of executive measures aimed at promoting the development of artificial intelligence in the United States. The plan includes simplifying the grid connection for power generation projects and providing federal land for the construction of data centers, among other things. The government is also considering designating July 23 as "Artificial Intelligence Action Day."

Encryption reserve new trend: US listed companies are vying to follow suit, causing market controversy.
In recent years, as traditional encryption methods have gradually lost effectiveness, a new coin-stock model with a more capital operation flavor has begun to emerge, becoming a new narrative engine for encryption projects. From fintech to medical entertainment, an increasing number of listed companies are following the path of a well-known technology company, incorporating mainstream encryption assets into their balance sheets, and starting a capital game of valuation repricing.
Small and medium-sized companies collectively replicate the "encryption reserve effect".
As a pioneer of the coin-stock strategy, a well-known technology company was the first to incorporate Bitcoin into its balance sheet back in 2020. Five years later, what was once seen as an alternative financial experiment is evolving into a mainstream narrative path that cross-industry companies are scrambling to imitate. An increasing number of enterprises, especially small and medium-sized listed companies, are beginning to include encryption assets in their reserve systems, attempting to reconstruct themselves through "encryption reserves + capital market leverage."

DeSci (Decentralized Science) redefines the value and collaboration model of scientific research through Blockchain technology, promoting the democratization of research and enhancing data transparency. It is expected that by 2030, the market size will exceed $50 billion, forming a global scientific collaboration network to achieve fair production and distribution of knowledge.

The rankings of influential columnists and the popularity of column articles for July 2024 have been announced. The top five columnists and the top ten hottest articles cover the diversified development of the crypto market and current hot topics. The list reflects the rapid changes in the Blockchain-related fields and the importance of professional content creators.

The well-known project in the NFT field, Fat Penguin, recently issued a Token, attracting widespread attention. The related early L2 project, Abstract, is also gradually entering the public eye.
The Abstract project is deeply involved with the Fat Penguin team and has received investment support from several well-known institutions. It is reported that Abstract has completed a financing round of $11 million, led by the famous American venture capital firm Founders Fund. Founders Fund and its partners have invested in or have been involved in the founding of several tech giants such as PayPal, Facebook, and SpaceX. Another investor, EVG, has also made significant contributions in the blockchain field, with an investment portfolio that includes several high-quality projects such as Animoca Brands, Berachain, and Immutable.
Given the strong background and potential of Abstract, industry insiders generally believe that the project has not yet

Codex has become the youngest public chain in crypto history to support native USDC minting.
Recently, a stablecoin public chain named Codex announced that the native USDC minting function has officially launched on its chain. This makes Codex the youngest public chain supporting USDC in the history of cryptocurrency. Not long ago, Codex completed a seed round financing of $15.8 million, with participation from several well-known institutions.
The emergence of Codex aims to address the limitations of current blockchain infrastructure on the development of stablecoins. Traditional blockchain technology often fails to achieve the uniformity of currency, which is one of the key attributes of an ideal currency. Ideally, regardless of the form in which the currency exists, where it is stored, or who issues it, its value should remain consistent.
However, there are many problems in reality:
- There are differences in the value of stablecoins between different regions and channels.
- The exchange between stablecoins and local fiat currencies

The competitive landscape of cryptocurrency exchanges is undergoing transformation, with users increasingly focusing on asset security and liquidity, leading to a massive shift of funds. Some exchanges are responding to the trend of Decentralized Finance by launching innovative services to retain users, while diverging on globalization strategies and conducting acquisitions to enhance competitiveness.

The Hong Kong Securities and Futures Commission has included crypto assets exchanges in the "Regulatory Sandbox" to promote financial technology innovation and explore appropriate regulatory methods. This concept originated in the UK and has been adopted by many countries, but in some places, the "sandbox" is more like an incubator, lacking substantial regulation. In the future, it is necessary to balance innovation with controllable risks.

Steadfast Faith After the Security Crisis: Why SUI Still Holds Long-Term Rise Potential?
1. A chain reaction triggered by an attack
On May 22, 2023, the leading AMM protocol Cetus deployed on the SUI network suffered a hacker attack. The attacker exploited a logical vulnerability related to the "integer overflow issue" to execute precise manipulation, resulting in a loss of over $200 million in assets. This incident not only represents one of the largest security incidents in the DeFi space so far this year but also became the most destructive hacker attack since the launch of the SUI mainnet.
According to DefiLlama data, the total TVL of the SUI blockchain plummeted by over $330 million on the day of the attack, with the locked amount of the Cetus protocol evaporating by 84% in an instant, falling to $38 million. As a result, several popular tokens on SUI experienced a drop of 76% to 97% within just one hour, causing

Trump Media Technology Group has announced the launch of a financing plan of up to $2.5 billion, incorporating Bitcoin into its assets. The plan aims to raise funds through the issuance of common stocks and convertible bonds to support the goal of financial freedom. The company is currently facing losses, and the market has reacted variably. This move marks an increase in the Trump family's investment in Digital Money, with the potential to launch various encryption-related products in the future.

The development of AI in the Crypto Assets field has evolved from meme coins to practical applications, gradually building an interoperable ecosystem. With the enhancement of fund management and predictive capabilities, AI agents have the potential to reshape economic models, drive innovation and collaboration, and demonstrate a broad future prospect.

The Web3 industry has entered a new stage of oversupply in the block space, focusing on consumers and ordinary users. Shifting from Ethereum to user-oriented projects, Initia aims to balance AppChain, validating nodes, and user incentives to promote healthy ecosystem development. Its token economic model integrates various advantages to encourage active user participation.

In July, the crypto market warmed up, with multiple indicators rebounding. Bitcoin and Ethereum trading volume rose, stablecoin trading was active, and ETFs attracted funds. However, the Ethereum NFT market was sluggish, and miner income decreased. Overall performance was stable with a positive trend, looking forward to future growth.