Bitmine adds 27,801 ETH, total holdings reach 5,770,038 ETH
Bitmine added 27,801 ETH last week, taking its total ETH holdings to 5,770,038 ETH, equal to about 4.8% of Ethereum’s total supply. Of that amount, 4,917,189 ETH has been staked.
As of July 12, the company also held 206 BTC and $482 million in cash and marketable securities. Its combined crypto assets, cash, and related investments stood at $11.3 billion.
Strategy raises $466.7 million from MSTR sales, makes no bitcoin trade
Strategy sold about 4.82 million shares of MSTR through its at-the-market, or ATM, program last week, generating net proceeds of roughly $466.7 million.
During the same period, the company neither bought nor sold bitcoin. Its holdings stayed at 843,775 BTC. Based on an average purchase price of $75,476, the total acquisition cost was about $63.69 billion.
Strategy also said it carried out no share repurchases between July 6 and July 12. Cash reserves were about $3 billion as of July 12.
UK launches tokenization push with 54 institutions in working group
A tokenization working group backed by the City of London and led by the UK Treasury will spend one year advancing practical tokenization use cases in British financial markets. Its initial focus is tokenized repo.
The group includes 54 institutions, among them BlackRock, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and UBS. A report said the UK needs to move faster on tokenized market infrastructure to maintain its position in global wholesale finance.
SBI and Solana Foundation plan JPY stablecoin and RWA issuance initiatives
Japan’s financial group SBI Holdings said it had entered a strategic partnership with the Solana Foundation to support the buildout of Japan’s onchain financial market.
As part of the arrangement, the Solana Foundation will join SBI R3 Japan, which is set to be renamed SBI Solana Global. The effort will move ahead with SBI and Sumitomo Mitsui Financial Group, or SMFG, one of Japan’s three largest banks, under a new growth strategy.
SBI Solana Global plans to support JPY stablecoin issuance, tokenization of real-world assets including corporate bonds, commercial paper, funds and real estate, cross-border payment infrastructure, institutional-grade onchain financial services, and next-generation payment infrastructure for the AI agent era, all based on the Solana network.
Procuratorial Daily calls for updated rules in virtual-currency money laundering cases
An article in the theory section of Procuratorial Daily said China still faces difficulties in classifying conduct, collecting evidence and recovering losses in cases involving money laundering through virtual currencies.
The piece proposed adaptive standards for authenticating and reviewing electronic evidence, tiered standards of proof and reasonable presumptions, as well as authorized and standardized use of technical investigative measures.
On asset disposal, it called for national-level procedures for handling case-related virtual-currency assets, unified rules for seizure, custody, valuation and liquidation, a national custody and disposal platform, and compliant disposal channels such as targeted auctions or negotiated transfers.
WuBlockchain weekly macro watch: US CPI, PPI and the Fed’s semiannual report in focus
WuBlockchain said last week brought a Federal Reserve review of its monetary policy framework, with meeting minutes showing internal differences. US labor data stayed steady, inflation pressure rose in the euro area, and China’s June CPI eased. This week’s focus is on US CPI, PPI and the Fed’s semiannual monetary policy report.
Last week
Over the past week, fighting between the US and Iran intensified again around the Strait of Hormuz. Iran attacked multiple merchant vessels and announced a blockade of the strait. The US then launched repeated airstrikes on Iranian missile, drone, naval and communications facilities. Iran responded with missile and drone attacks on US military targets in Qatar, Kuwait and Bahrain. Trump said the previous ceasefire had ended. The two sides remained in contact through channels including Oman, but the conflict had already spilled over, raising risks for global shipping and energy supply.
The Federal Reserve also announced five independent working groups to reassess its monetary policy framework. The review covers communications, balance sheet policy, data systems, the effect of AI on productivity and employment, and the inflation framework. Members include a16z co-founder Marc Andreessen, Nobel laureate Thomas Sargent, Harvard professor Greg Mankiw and Anthropic researcher Charles Jones. Fed Chair Kevin Warsh said the US economy is undergoing major changes and that the central bank needs to revisit its analytical tools and policy approach to better achieve price stability and maximum employment.
US initial jobless claims for the week ending July 4 came in at 215,000, against an expectation of 218,000. The previous reading was revised from 215,000 to 217,000.
Fed meeting minutes showed internal differences, with the inflation and rate outlook still unclear.
Minutes from the European Central Bank’s June meeting showed a consensus on upside inflation risks, while pricing for as many as three rate hikes this year continued to build.
China’s June CPI rose 1% year over year, below expectations and down from the previous month.
Key events and data this week
- July 14: US June CPI, not seasonally adjusted, year-over-year (20:30); Fed Chair Warsh testifies before the House Financial Services Committee on the Fed’s Semiannual Monetary Policy Report (22:00).
- July 15: US June PPI, year-over-year (20:30); Fed Chair Warsh testifies before the Senate Committee on Banking, Housing, and Urban Affairs on the Fed’s Semiannual Monetary Policy Report (22:00).
- July 16: Fed releases the Beige Book on economic conditions (02:00); US initial jobless claims for the week ending July 11 (20:30).
- July 17: Fed Vice Chair Jefferson speaks on the economy and monetary policy (07:00); preliminary US one-year inflation expectations for July (22:00); preliminary University of Michigan consumer sentiment index for July (22:00).