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Explore how evolving regulations, innovative tech, and shifting investment trends are reshaping crypto’s global landscape right now.
In today's edition:
- SEC plans new exemptions to clarify crypto investment contract rules.
- Bitcoin Depot targets Asia’s crypto ATM boom with Hong Kong expansion.
- Corporate crypto treasuries rise as venture capital funding dips sharply.
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(OpenAI, gpt-image-1-mini)
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Regulation
SEC Chair Paul Atkins Signals New Crypto Exemptions to Clarify Investment Contract Rules
Briefly: Paul Atkins, SEC Chairman, announced upcoming exemptions tailored for crypto assets linked to investment contracts, aiming to ease regulatory uncertainty and foster innovation while maintaining investor protection.
Key Information:
- SEC is preparing a package of exemptions specifically for crypto tied to investment contracts.
- Atkins emphasized that investment contract status of tokens can change over their lifecycle, allowing more regulatory flexibility.
- Tokens linked to investment contracts may be traded on platforms regulated by agencies other than the SEC, such as the CFTC or states.
- The SEC clarified it will not regulate network tokens, digital collectibles, or digital memberships, focusing only on tokenized securities.
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Adoption
Bitcoin Depot Expands to Hong Kong, Targeting Asia’s Booming Crypto ATM Market
Briefly: Bitcoin Depot, North America's largest Bitcoin ATM operator, has launched its operations in Hong Kong as its first Asian market, aiming to leverage the city’s favorable crypto regulations and growing demand for cash-to-crypto access.
Key Information:
- Bitcoin Depot plans to become a top-five Bitcoin ATM operator in Hong Kong, a fast-growing crypto hub with 223 existing Bitcoin ATMs.
- The company secured a Money Service Operator license, ensuring compliance with Hong Kong’s AML and KYC regulations.
- Global Bitcoin ATM numbers surged 177% since 2021, with the US leading, but Hong Kong’s regulatory clarity makes it attractive for expansion.
- Despite regulatory challenges in other markets like the US and Australia, Bitcoin Depot’s move targets Asia’s rising appetite for accessible crypto services.
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🏃 Crypto Snippets
LegalCoinbase is relocating its legal domicile from Delaware to Texas, citing unpredictability in Delaware’s Court of Chancery and joining a wave of companies like Tesla seeking friendlier judicial environments.
InnovationPolymarket’s Shayne Coplan shared how blockchain enabled him to build a global prediction market from his bedroom, offering transparent, peer-to-peer event betting that challenges traditional sportsbooks.
ComplianceSolowin and AI leader 4Paradigm have partnered to create AI-powered tools that tackle KYC and AML challenges on blockchain, aiming to boost regulatory compliance with real-time risk tracking and profiling.
FinanceDigital Asset Treasury Companies (DATCOs) are rising as new institutional players actively stake, validate, and deploy crypto assets on balance sheets, replacing traditional venture capital and driving yield while reinforcing blockchain networks.
PaymentsVisa launched a stablecoin payout pilot to speed payments for creators and gig workers by enabling direct USDC transfers to wallets, aiming to reduce delays of cross-border and traditional banking systems.
CorporateJPMorgan rolled out JPM Coin on Coinbase’s Base blockchain, offering institutional clients instant dollar transfers with a regulated digital deposit token, marking a significant embrace of blockchain payment innovation by the banking giant.
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📈 Numbers and Trends
- Bitcoin ATM count surged globally by 177% since January 2021, reaching 39,469 machines worldwide, with the US leading at 30,869 units.
- Corporate Bitcoin holdings exceeded one million BTC among public companies, representing about 5% of total supply, with Strategy holding 640,808 BTC but its dominance dropping from 75% to 60%.
- Circle’s Q3 revenue hit $740 million, a 66% year-over-year increase, while USDC stablecoin circulation neared $74 billion, capturing roughly 30% of the fiat-backed stablecoin market.
- JPMorgan launched JPM Coin on Base blockchain, enabling 24/7 instant US dollar transfers, marking a major step in regulated deposit token adoption by the world’s largest bank.
- Tokenized gold reached an all-time high valuation of $3.6 billion, growing 50-fold since 2021, with Tether Gold and PAX Gold dominating the market at $1.58 billion and $1.39 billion respectively.
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💬 Quote of the Day
Blockchain's open nature is a democratizing force, enabling individuals with limited capital and resources to innovate in financial applications.
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1️⃣ Number of the Day
$1.97 billion - Q2 2025 Crypto Venture Capital Investment Lowest Since 2020
Crypto venture capital funding plummeted 59% in Q2 2025 to $1.97 billion, marking the lowest investment level since 2020, highlighting a significant shift toward corporate treasuries actively deploying digital assets rather than relying on traditional VC funding.
Crypto Long & Short: The Rise of Digital Asset Treasury Companies
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