ZAMA heat rises, 24-hour trading volume increases

Sui Foundation and Mysten Labs have launched the Hashi testnet for Bitcoin staking protocol, providing unsecured or cross chain staking support for the $1.4 trillion Bitcoin market. Hashi protects deposits through a 2-of-2 multi signature mechanism, with over 25 institutions participating in testing. Wave Digital Assets plans to promote the tokenization of Bitcoin yield bonds after its mainnet launch.

BTC held just under $65,000 and crypto broadly rose on Friday even as Brent crude surged to $97.66, its highest since May, as the Iran conflict persists and traditional markets stay muted.

According to Bitcoin News on X platform, BancaStato, the state bank of Ticino, has launched Bitcoin trading services for retail customers and partnered with Signum to provide custody and settlement infrastructure.

Affected by macroeconomic and geopolitical conflicts, the yield of 10-year US Treasury bonds has risen to about 4.69%, reaching a high since January 2025. The market is concerned whether US President Trump will repeat the TACO model of compromise in trade disputes. The Office of the United States Trade Representative (USTR) announced on July 23 that it has decided to impose tariffs ranging from 10% to 12.5% on 60 economies. The main reason for the current increase in yields is due to geopolitical conflicts, Iran's tough stance, and the approaching midterm elections in the United States. Trump needs to maintain his image as a strongman in diplomacy, which limits TACO's operational space.

[Futu, Tiger Insider Trading Case Third Defendant Yang Jingyao Appears, Applies to Unfreeze Assets] According to Caixin, the third defendant in the insider trading case involving U.S. stock options of Futu Holdings and Tiger Brokers, Yang Jingyao, has appeared and applied to unfreeze assets. In a statement submitted to a U.S. court on July 23, Yang Jingyao claimed that his personal assets far exceed his personal liabilities and that he has no outstanding debts. Documents from the Hong Kong Stock Exchange show that Yang Jingyao, the single largest shareholder of Glory Sun Financial, is 32 years old and is a businessman and private investor. Currently, there is no public evidence indicating that the securities accounts or funds involved in the U.S. court's restraining order are related to the failed offer by Glory Sun Financial.