[Sequans Communications Exits Bitcoin Treasury Strategy, Holdings Reduced to 314 BTC by End of Q2] Sequans Communications announced a gradual exit from its Bitcoin treasury strategy, with holdings decreasing from 1,514 BTC at the end of Q1 to 314 BTC by the end of Q2, valued at approximately $18.4 million. The company achieved a net profit of $5.3 million from Bitcoin sales in Q2. By the end of Q2, the company's cash balance reached $20.97 million, up from $10.6 million at the end of Q1.

According to The Wall Street Journal, Wells Fargo plans to launch a tokenized deposit service for corporate clients. Tokenized deposits are the digital representation of bank deposits on the blockchain, supported by the bank deposit system. The tokenized deposit system of Fuguo Bank operates on a self-developed blockchain network and supports interoperability with other blockchain networks.

Wei Li, chief investment strategist of BlackRock Think Tank, said that the Federal Reserve may hold its ground, but this has limited effect on curbing the rise in the yield of long-term U.S. treasury bond bonds. During the period when Kevin Walsh, chairman of the Federal Reserve, served as the chairman of the Federal Reserve, policy uncertainty will continue to cause investors' concerns about future financing costs, which will continue to put pressure on the yield of long-term treasury bond bonds.

[Bitcoin 30-Day Implied Volatility Drops to Two-Month Low] According to a report by CoinDesk, the 30-day implied volatility index BVIV, which measures expected volatility in the Bitcoin options market, has dropped to 36%, the lowest level since May 31, down from the early June peak of nearly 60%. Recent events such as the Coldcard wallet attack, weak institutional demand, and macroeconomic uncertainty have not triggered market panic. However, as volatility tends to revert to the mean, traders should remain cautious about the potential risks of a volatility rebound in the future.

Wintermute stated that the retreat of major cryptocurrencies in the cryptocurrency market is less than 4%, and marginal selling is close to drying up. Strategy sells Bitcoin again to pay preferred stock dividends, Coldcard firmware vulnerability leads to theft of large Bitcoin holdings by users, and altcoins continue to be liquidated. At present, it is not advisable to heavily invest in a strong rebound. Attention should be paid to this week's ISM service industry and non farm payroll data, as well as signals from former Federal Reserve Chairman Jerome Powell at the Jackson Hole Conference. The proportion of institutional OTC spot has risen to 72%.