1. US CFTC Announces Launch of "Crypto Sprint" New Initiative
The US CFTC has announced the launch of the "Crypto Sprint" new initiative, led by the Innovation Office, aimed at strengthening regulatory communication and enhancing market participants' compliance understanding. The project will focus on areas such as tokenized assets, DeFi, and DAOs, covering key issues like registration, regulation, and risk management. The CFTC stated that this measure is a key step in implementing the "Digital Asset Regulatory Roadmap" previously proposed by the Trump administration and will actively collaborate with the SEC.
2. BitMine Announces Current Holding of Over 833,000 Ethereum
Tom Lee's BitMine Immersion Technologies (NYSE: BMNR) announced that it currently holds over 833,000 ETH, with a total value of approximately $2.9 billion, becoming the world's largest ETH reserve entity. BMNR has accelerated its accumulation over the past 35 days, aiming to stockpile 5% of ETH circulation and earn returns through staking. BitMine's investors include Bill Miller III, Cathie Wood, and Peter Thiel's Founders Fund.
3. QCP: Bitcoin Briefly Drops Below $112,000, Leverage Wash May Pave Way for New Rally
QCP Capital's latest report states that Bitcoin dropped sharply last Friday, briefly falling below $112,000, triggering over $1 billion in leveraged long liquidations. Reasons include weak US non-farm employment data and risk aversion due to a new round of tariffs. SOL and ETH dropped nearly 20% and 10% respectively, with significant ETF outflows. However, this adjustment is a leverage wash, and the structural bull market foundation remains intact. The options market also shows bets on BTC rebounding to $124,000.
4. Former UK Finance Minister: UK Lags Behind in Crypto Sector
Former UK Finance Minister George Osborne criticized the Labour government's conservative stance on cryptocurrency policy, warning that the UK is falling behind the US, Europe, and Asia. He noted that the current crypto revolution is comparable to the "Big Bang" of the 1980s, and the UK risks missing a historic opportunity to reestablish its global financial center status if it continues to hesitate. Although the UK has published crypto regulatory proposals, the market generally believes progress is slow. Osborne is currently a member of Coinbase's Global Advisory Board.
5. French Far-Right National Rally Drafts Bill to Mine Bitcoin Using Nuclear Power
The French far-right party "National Rally" (Rassemblement National) is preparing a bill to mine Bitcoin using excess electricity from nuclear power plants. In 2016, the party's presidential candidate Marine Le Pen wanted to ban virtual currencies, including Bitcoin, claiming they were manipulated by "elite circles" and "Wall Street investment bank lobbying forces". By 2022, she called for stronger regulation, and now in 2025, she advocates directly "producing" cryptocurrencies.
6. Wu Blockchain's Weekly Macro Indicators and Analysis: US to Implement "Reciprocal Tariffs", US Wants Russia-Ukraine Agreement by August 8
Summary
Last week, the Federal Reserve maintained interest rates as expected. US July non-farm employment addition dropped sharply, with May and June data significantly revised downward. This week, attention is on the US implementing "reciprocal tariffs" on August 7 and the US hope for a Russia-Ukraine conflict resolution by August 8.
[Rest of the text remains the same]Last Week Review
