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Quick Take The cryptocurrency sector mirrors wider market caution, with sentiment remaining fragile ahead of the U.S. jobs report, QCP Capital analysts said. The analysts point to bearish bitcoin options activity as investors weigh economic uncertainty.
Quick Take A16z-backed Story Protocol, a Layer 1 network built for IP management, has unveiled details of the tokenomics for its native token ahead of a mainnet launch. Of an initial supply of 1 billion IP tokens, 58.4% will be “allocated to the community across initial incentives, ecosystem, and foundation, ensuring broad participation and decentralized ownership.”
Quick Take Despite the volatility, we can’t help but stay bullish on crypto’s future. This column is adapted from The Scoop newsletter.
Quick Take Florida Republican Senator Joe Gruters filed a bill on Friday proposing that the state be allowed to invest in bitcoin and other cryptocurrencies. Gruters’s bill outlines that Florida’s CFO’s investments “in Bitcoin may not exceed 10% of the total funds in any account.”
Quick Take The SEC said it will decide on April 9, 2025 whether to approve or disapprove allowing options trading on BlackRock’s iShares Ethereum Trust. Also on Friday, the SEC asked for public comments on a proposal to list and trade options on Fidelity’s spot Ethereum ETF.
Quick Take Telegram game user retention rates “hovered at 5–20%, far below traditional gaming benchmarks” of 20% to 30%, according to a report from Helika. Disappointing airdrops, in particular the one launched by “Hamster Kombat,” caused the “euphoria” around Telegram tap-to-earn games to dissipate, the analytics firm also said.
- 13:16Bank of America: Fed Unlikely to Cut Rates This Year, U.S. Economy Not Expected to Enter RecessionAccording to a report by Jinse Finance, Bank of America predicts that despite market expectations for rate cuts, the U.S. economy will avoid a recession in 2025 and the Federal Reserve will not cut rates this year. The bank points out that robust consumer spending and rising goods inflation indicate continued economic resilience, and notes that June retail sales data exceeded expectations. Bank of America warns that politically motivated rate cuts could undermine the stability of inflation expectations and increase credit risk. Looking ahead, the bank expects a slight increase in unemployment claims, stable housing data, and a possible 11% decline in durable goods orders to be released on Friday.
- 13:14Xingong Green Hydrogen: Advancing the "New Energy + RWA" Strategy, Plans to Integrate 100,000 Units into the RWA System Over the Next Five YearsForesight News reports, citing Securities Times, that according to sources at XG Green Hydrogen, a subsidiary of Sichuan Golden Summit, the company is leveraging dynamic asset on-chain technology to explore converting its three core products into divisible and tradable RWA (Real World Asset) targets. These products include mobile storage and charging robots, skid-mounted integrated hydrogen production and refueling stations, and hydrogen power plants. Specifically, for the Tianhydro No.1 TGHD01, power generation is confirmed on-chain, and electricity revenue is automatically settled in stablecoins, enabling real-time conversion of "green electricity into income." Reportedly, XG Green Hydrogen is advancing three major strategic upgrades: over the next five years, it plans to connect 100,000 sets of equipment to the RWA system, with an estimated securitizable asset scale of several billion yuan; it is co-founding the "Hydrogen Energy Industry RWA Alliance" with companies such as Bosch Hydrogen Power, Junrui Green Hydrogen, Sinopec, and PowerChina to establish cross-border hydrogen energy carbon credit trading channels; and, together with partners, it is launching the standardized contract "Green Hydrogen Yield Pass," applying to local financial regulatory authorities for the first batch of pilot projects.
- 13:13Strategy invests $739.8 million to acquire an additional 6,220 BTCAccording to ChainCatcher, official sources report that Strategy purchased 6,220 Bitcoins between July 14 and July 20, at an average price of $118,940, with a total investment of approximately $739.8 million. As of July 20, 2025, Strategy holds a total of 607,770 BTC, with an average purchase price of around $71,756.