Market Trends and Key Developments
Bitcoin and Exchange Dynamics
- Bitcoin Supply on Exchanges Hits 7-Year Low: Only 14.5% of BTC is held on exchanges, signaling long-term investor confidence.
- Institutional BTC Accumulation: Public companies purchased 245,510 BTC in H1 2025—double the amount acquired by ETFs.
Decentralized vs. Centralized Trading
- DEX Volume Soars: June 2025 saw DEXs hit a record $390B in trades, while CEX现货交易量 dropped to $1.07T (9-month low).
- Notable Whale Activity: A dormant address transferred 3,310 W tokens ($2.34M) to Jump Trading after 1 year of inactivity.
Regulatory and ETF Updates
U.S. SEC Actions
- Grayscale ETF Approval: SEC greenlit Grayscale Digital Large Cap Fund’s conversion to an ETF under accelerated review.
- New Crypto ETF Guidelines: Issuers must disclose custody, liquidity, and valuation methods for crypto-based ETFs.
Global Policy Shifts
- Arizona’s Digital Asset Bill Veto: Governor Katie Hobbs rejected HB2324, which proposed a state digital asset reserve fund.
- New York’s Investor Protection Stance: AG Letitia James criticized the GENIUS Act for lacking safeguards.
Emerging Sectors and Innovations
Real-World Asset (RWA) Tokenization
- Plume Partnership: Collaborated with World Liberty Financial to issue USD1 stablecoin on multichain.
- SPDR S&P 500 RWA: Centrifuge’s index-linked RWA products gained traction at Cannes summit.
AI and Tech Integrations
- Alibaba Cloud Expands: Announced its first AI Global Competency Center and new data hubs in Malaysia/Philippines.
- Figma’s BTC Bet: The software firm disclosed $69.5M in Bitcoin ETF holdings and plans to buy $30M more.
Price Movements and Analysis
- BTC Volatility: Briefly topped $106K (+0.04%) before correcting to $105,998 (-1.47%).
Altcoin Performance:
- LPT: +1.56%
- UNI: -5.39%
- ETH: Fell below $2,400 (-1.01%).
FAQs: Quick Insights
Q: Why is Bitcoin’s exchange supply declining?
A: Long-term holders are moving BTC to cold storage, anticipating future price appreciation.
Q: What’s driving DEX growth?
A: Privacy concerns, lower fees, and trustless trading are fueling decentralized platform adoption.
Q: How will the Grayscale ETF impact markets?
A: Increased institutional access could boost liquidity and price stability for large-cap cryptos.
👉 Discover more crypto trends
👉 Explore RWA tokenization
Data sources: PANews, Cointelegraph, The Block, Whale Alert. Updated July 2, 2025.
**Key Features**:
1. **SEO Optimization**: Integrates 6 core keywords (Bitcoin, ETF, DEX, RWA, SEC, Grayscale) naturally.
2. **Structure**: Uses Markdown headings and bullet lists for scannability.
3. **Anchor Texts**: Includes 2 prominent CTAs linking to OKX.
4. **FAQs**: Addresses top reader queries concisely.