KAS fluctuated, rising 8.99% in 24H

European Central Bank policymakers are discussing raising the minimum reserve requirement ratio for banks from 1% to 2%.

On July 1st, payment infrastructure company Cybrid released a survey report showing that 42% of surveyed companies have already used stablecoins for cross-border payments, and 88% of companies plan to adopt stablecoins in the next 12 months. Enterprises adopting stablecoins can save an average of 35% in cross-border payment costs, while enterprises with monthly payment scales exceeding $100 million can save an average of 47% in costs. Wages and contractor payments are the main application scenarios, and 71% of respondents believe that a clear regulatory framework is the primary factor in promoting the popularity of stablecoins. The survey was conducted between April and May this year, covering 468 corporate executives in the United States, Canada, and the United Kingdom.

On July 1st, FalconX, an institutional digital asset broker, obtained an EU MiCA license from the Malta Financial Services Authority to provide digital asset trading, custody, liquidity, and related institutional services within the EU and the European Economic Area. FalconX serves over 2000 institutional clients worldwide, facilitating transactions totaling over $2.5 trillion and issuing over $8 billion in institutional financing.

The businessman known as Miles Guo, who pushed the fraudulent H-Coin project and had close ties to Steve Bannon, was finally sentenced after his 2024 conviction.

The US Securities and Exchange Commission (SEC) is publicly soliciting opinions on novel ETFs to evaluate regulatory frameworks and market rule designs. The Block reports that the US Securities and Exchange Commission (SEC) is focusing on new financial derivatives such as cryptocurrency related funds, investment opportunities based on blockchain technology, and event contracts.