Bitcoin spot trading volume hits a new low since the end of the bear market in 2023

[Meta and Broadcom's Credit Default Swap Costs Rise to High Levels] According to Jin10 Data, the five-year CDS for Meta and Broadcom has risen to approximately 90 basis points, while Nvidia, Amazon, and Alphabet have climbed to around 65–70 basis points, all reaching recent record highs. At 90 basis points, purchasing one year of protection for $10 million in debt would cost approximately $90,000. Oracle's five-year CDS has increased from 144 basis points at the beginning of the year to 215 basis points. High-computing-power companies are expected to reach approximately $875 billion in capital expenditures this year, with Alphabet and Oracle recently turning negative in free cash flow. The bond market is raising risk premiums to compensate for uncertainties in AI financing.

The weekly stock trading volume on the Gate platform reached 1.6 billion US dollars, of which the US stock trading volume was approximately 969 million US dollars, accounting for 59.11% of the total weekly trading volume. （CryptoQuant）

Securitize CEO Carlos Domingo stated that Securitize Capital's RIA qualification approval from the SEC will enable the company to launch tokenized funds with a scale exceeding $100 million. （Cointelegraph）

BIND Group, which manages assets exceeding $2 billion, is developing a stablecoin pegged to the Argentine peso through its BEN subsidiary and partnering with Circle to provide institutional level payment and fund management services. Petersen Group is also promoting a peso stablecoin program called DIPE through its subsidiary and has received support from Lirium. The above project is being promoted by a subsidiary of the banking group, and the Central Bank of Argentina will prohibit private banks from directly providing cryptocurrency services from May 2022. These products are aimed at institutional scenarios such as fund management, payment, and mortgage credit management. In March, the Argentine securities regulatory agency recognized the stablecoin ARGT, which is pegged to the peso, as a security.

[RWA Sector Leads in July Performance, On-Chain Market Cap Reaches $32.2 Billion, Setting a New All-Time High] According to CryptoRank data, the median return rate of the RWA token sector reached 10% in July. As of July 24, the on-chain market cap of RWA increased to $32.2 billion, up 12.3% from early July, surpassing the all-time high set in April.