Today, the Crypto Assets industry welcomes several important developments. On the policy front, Wisconsin is considering implementing KYC requirements for Bitcoin ATMs, while the Democratic Party in the U.S. Senate has criticized the cryptocurrency bill proposed by the Republican Party, arguing that it may circumvent regulation. Meanwhile, the Uniswap Foundation plans to establish a new legal entity, DUNI, in Wyoming, showcasing the ongoing development in the Decentralized Finance (DeFi) sector.

In the market aspect, Standard & Poor's has awarded a B- credit rating for the DeFi protocol Sky for the first time, which is an important recognition of Decentralized Finance by traditional financial institutions. The meme coin BONK in the Solana ecosystem has received $25 million in corporate funding, reflecting investors' interest in emerging Crypto Assets. Notably, a large investor (commonly known as a "whale") has once again increased their holdings by nearly 60,000 Ethereum, bringing their total holdings to over 293,000, demonstrating market confidence in Ethereum.

There are also new developments in the stablecoin sector, as Circle has issued an additional 100 million USDC on the Ethereum network, further expanding its market share. Additionally, the Grayscale Bitcoin Trust (GBTC) saw a net inflow of 7.5 million dollars yesterday, while the overall net inflow for Bitcoin-related products was 14.2 million dollars, indicating that institutional investors' demand for Crypto Assets remains strong.

In terms of the macro economy, Trump announced a public safety emergency in Washington D.C. while stating that there will be no tariffs on gold and that the deadline for tariffs on China will be extended by 90 days. These decisions may have an indirect impact on the global economy and the crypto assets market. Additionally, Trump's team is expanding the range of candidates for the Federal Reserve Chairman, including Federal Reserve Governor Bowman and Vice Chairman Jefferson for consideration, with the final candidate expected to be announced this fall.

Overall, the Crypto Assets industry is facing multiple challenges from regulation, technological innovation, and market volatility, while also showing great potential for development and opportunities. Investors and industry participants need to closely monitor these trends to make informed decisions.