[BIT Analysis on SEC's Proposed Crypto Financing Exemption Rules, Lowering Compliance Threshold for Token Issuance] BIT's official analysis states that the U.S. Securities and Exchange Commission (SEC)'s proposed regulatory rules for crypto assets provide securities registration exemptions for qualifying crypto asset financing activities, lowering the compliance threshold for token issuance and improving the industry's financing environment. The proposal includes two types of exemptions: one is a one-time financing exemption with a maximum total funding of $5 million within four years; the other allows issuers to raise up to $75 million in any consecutive 12-month period, provided they fulfill information disclosure obligations and submit financial statements.

The price of Bitcoin has rebounded to $81000, and US President Trump has stated that the government is considering purchasing a large amount of BTC, and the Clarity Act is expected to be passed within a few weeks. （The Bitcoin Historian）

The newly entered whale has achieved a record profit of $1.2 billion, and Bitcoin has returned to the whale cost base of $70000. Market demand is absorbing selling pressure. （CryptoQuant）

The Ethereum-compatible blockchain wants users to be able to replace the keys controlling an account without changing its address, opening the door to passkeys, recovery tools and post-quantum security.

According to The Block, Franklin Templeton has partnered with HashKey Exchange in Hong Kong to launch the Franklin On Chain U.S. Government Liquidity Fund, a tokenized money market fund, on the HashKey Earn channel. The fund invests in U.S. government money market instruments and U.S. dollar cash assets, and is open to professional investors but not to the Hong Kong public. Chetan Karkhanis, Senior Vice President of Customer Relations at Franklin Templeton Digital Assets, expressed his expectation to expand more tokenized products through HashKey's multi jurisdictional platform covering Hong Kong, Singapore, Tokyo, Dubai, and Bermuda.