In the wave of cryptocurrency, mainstream acceptance and regulatory clarity are becoming the key to the development of the industry. From corporate cooperation to enhance transparency, to political position review, to national strategic reserves, each dynamic has a profound impact on the future direction of cryptocurrency.
This article will focus on the latest news on July 30, from 21Shares' collaboration with Chainlink, to WisdomTree CEO's optimistic prediction for the future of the industry, to Harris' potential running mate Peters' stance on cryptocurrency regulation, and the U.S. government's mysterious actions on cryptocurrency reserves. Let us take a closer look at the deeper meanings behind these events and their potential impact on the industry.
Cryptocurrency-related businesses are moving towards the mainstream
On July 30, among the latest developments in the cryptocurrency industry, 21Shares’ collaboration with Chainlink was particularly eye-catching. 21Shares, the world’s leading cryptocurrency ETP issuer, announced that it has successfully integrated the Proof of Reserve (PoR) system provided by Chainlink, greatly improving the transparency of its core Ethereum ETF. This innovative measure not only provides investors with real-time, verifiable Ethereum reserve data, but also further consolidates the market’s trust in the 21Shares physically-backed Ethereum ETF, which is currently priced at approximately $3,331.
Johann Eid, Chief Business Officer of Chainlink Labs, emphasized that the newly integrated PoR system can extract data from exchanges such as Coinbase in real time to provide feeds for public verification, which will help promote the widespread adoption of digital assets. He believes that 21Shares plays a vital role in promoting the popularization of digital assets, and the Chainlink platform provides financial institutions with the power to achieve seamless tokenization on a global scale.
Meanwhile, WisdomTree CEO Jonothan Steinberg expressed his optimism about cryptocurrencies becoming mainstream in an interview with CNBC. He pointed out that with the increasing clarity of the regulatory environment, the emergence of publicly traded cryptocurrency funds, and the acceleration of tokenization of real-world assets, cryptocurrencies are rapidly moving toward the mainstream. In particular, Republican presidential candidate Donald Trump's positive speech at the 2024 Bitcoin Conference showed the gradual softening of the US political leadership's attitude towards cryptocurrencies, which brought regulatory clarity to the industry and foreshadowed a positive impact on the entire cryptocurrency field and blockchain finance.
Harris's potential running mate's cryptocurrency stance in focus
As the 2024 U.S. presidential election approaches, Axios reported on July 30 that Vice President Kamala Harris has chosen Michigan Senator Gary Peters as her vice presidential candidate running mate. As the news came out, Peters' stance on cryptocurrency became the focus of discussion.
Senator Gary Peters has a clear opposition to cryptocurrencies, as confirmed by the nonprofit political advocacy group Stand With Crypto.
It is said that in 2023, Senator Gary Peters not only participated in the legislation of the Digital Asset Money Laundering Act, trying to limit the use of cryptocurrencies in terrorist financing, but also took the initiative to send a letter to National Security Advisor Jake Sullivan when the bill was introduced. In the letter, Peters asked the government to provide a detailed plan on how to effectively prevent cryptocurrencies from being used to finance terrorism. This series of actions also demonstrated his firm stance on strengthening cryptocurrency regulation and maintaining national security.
Peters' clear stance on cryptocurrency regulation and his active participation in legislation indicate that if he is selected as Harris' running mate, stricter regulatory measures may be imposed on the cryptocurrency industry. This potential policy direction, especially in preventing financial crimes and strengthening supervision, has attracted great attention from the cryptocurrency community and market participants.
At the same time, the community and market participants are closely watching Peters' further statements to better assess his possible impact on the future direction of the industry.
The US government's cryptocurrency reserves have attracted market attention
The US government's strategic reserves in the field of cryptocurrency are being closely watched by the market. As of July 30, the US government holds more than 183,000 bitcoins, with a total value of nearly $12 billion at a market price of $66,733 per coin. This makes the US government the largest geopolitical holder in the field of decentralized currency.
In addition to Bitcoin, the U.S. government's cryptocurrency reserves also include other digital currencies and fiat currencies. According to Arkham Intelligence, this includes 50,000 Ethereum (worth about $1.7 billion), 121 million New Taiwan dollars (about $27 million), 40,000 Brunei dollars (about $230,000), and more than $10 million worth of Canadian dollar coins.
Of particular note is that on July 29, a wallet controlled by the US government executed a transaction involving nearly 28,000 bitcoins. Although the identity of the recipient has not been made public, this has also triggered widespread speculation in the market about the US government's cryptocurrency strategy. This series of actions highlights the US government's far-reaching considerations and potential market influence in its strategic cryptocurrency reserves. #市场动态 #政策风向 #比特币 #加密货币 #今日要闻
Conclusion:
As the series of events explored in this article shows, dynamics at every level, from corporate cooperation to political stance to national strategy, play an important role in the future direction of cryptocurrency.
At the same time, the cryptocurrency industry is at a critical turning point, where it needs to find a balance between the promotion of innovation and prudent regulation. As political attitudes gradually soften and the regulatory environment becomes clearer, we look forward to a more mature, stable and widely accepted cryptocurrency market.
Therefore, each of us, whether investors, policymakers or ordinary observers, should continue to pay attention to the evolution of this field and deeply understand the possible changes it may bring to our economic life.
