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Analysts from cryptocurrency analytics firm MarktQuant have revealed a little-known metric that affects the price of Bitcoin.

SHIB and BTC are well in the green on a weekly scale, while the Pi Network team announced some important amendments.

Quick Take Cryptocurrencies and U.S. stocks are now more closely aligned than at almost any time in recent years, according to a Bloomberg report on a new correlation study. This increasing positive correlation suggests that macroeconomic factors, particularly following last week’s Federal Reserve rate cut, are significantly influencing both markets, the report noted.

Quick Take Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday. This upward momentum coincides with a significant increase in the ether open interest-weighted perpetual futures funding rate, indicating stronger demand for long positions and growing optimism among traders that the price of ether may rise.




- 11:44Caixin: Hong Kong Tokenized ETFs to Be Exempt from Stamp DutyOdaily Planet Daily News: The Hong Kong Financial Services and the Treasury Bureau today released the "Hong Kong Digital Asset Development Policy Statement 2.0," which states that the government will intensify efforts to expand tokenization initiatives, promote broader tokenization of assets and financial instruments, and showcase the diverse applications of this technology across various sectors, including precious metals (such as gold), non-ferrous metals, and renewable energy (such as solar panels).Currently, all exchange-traded funds (ETFs) listed on the Hong Kong Stock Exchange are exempt from stamp duty upon transfer. To foster the development of the tokenization market, the Hong Kong government will clarify that the stamp duty exemption also applies to tokenized ETFs, effectively clarifying the stamp duty situation for tokenized ETFs once secondary market trading is permitted in the future. The "Policy Statement 2.0" also explicitly welcomes market participants to explore the advantages of ETF tokenization, including introducing them for secondary market trading on licensed digital asset trading platforms or other platforms. (Caixin)
- 11:12Brazilian Central Bank Seeks Public Input on Virtual Asset Accounting StandardsAccording to ChainCatcher, the Central Bank of Brazil has recently published a draft regulatory resolution and launched a public consultation regarding the accounting recognition, measurement, derecognition, and disclosure standards for virtual assets and utility tokens held by financial institutions. This initiative aims to enhance the transparency, comparability, and quality of related accounting information. The public can submit comments and suggestions via the central bank’s official website or the government’s “Participa + Brasil” platform until August 24, 2025.
- 11:11UK-listed company Vault Ventures acquires approximately 400 ETH and 1.85 BTCAccording to Jinse Finance, UK blockchain technology company Vault Ventures Plc (AQSE: VULT) has announced an investment of £750,000 (approximately $1.028 million) to purchase 403.373 Ethereum (at an average price of £1,810 per ETH) and £150,000 (approximately $205,000) to purchase 1.85606 Bitcoin (at an average price of £78,407 per BTC). Following this purchase, the company now holds a total of 437.843 ETH and 2.07606 BTC.