research report of CITIC Construction Investment stated that the regulatory policy of stablecoins in Hong Kong continues to break through. The "Hong Kong Digital Asset Development Policy Declaration 2.0" has been officially issued, marking that the digital asset market in Hong Kong has officially entered the "implementation and promotion" stage from the "experimental plan" stage; securities firms are laying out virtual asset trading services market, which may trigger a wave of license upgrades. The digital asset era is expected to accelerate its comprehensive opening. Stablecoins, RWAs, and other digital asset formats are expected to accelerate the vigorous development of a new stage.

according to Financial News, Minsheng Securities released a research report stating that at least in the short term, stablecoins cannot save the credit of the US dollar from crisis. The problem with the US dollar lies in understanding the counterparties, without considering the preferences of the US domestic and private sectors. Just the official reserves overseas may be enough to make the US dollar nervous. The difference between stablecoins and gold is that, first, its supply may also be out of control, lacking an objective restraint mechanism; second, it is not globally recognized as a reliable reserve asset.

according to on-chain analyst Onchain Lens monitoring, James Wyn has closed his 40x short position in Bitcoin, losing $3015.97, and then opened a 40x long position in Bitcoin.

according to the website of the American "Newsweek" on June 28, the latest poll by "Newsweek" shows that the approval rating of US President Trump has dropped to a historic low. The survey shows that 43% of Americans are currently satisfied with Trump's performance, while 53% are dissatisfied, with a net approval rating of -10%. The report said that this was a 3 percentage point drop from the previous day, when his net approval rating was -7%. This is also his lowest net approval rating since April 29. According to reports, Trump's poll numbers initially plummeted after he announced "Liberation Day" tariffs in April this year. Although his approval rating quickly rebounded, his recent actions seem to have reignited public dissatisfaction with the White House. This includes his decision to deploy the National Guard and Marines to Los Angeles to suppress protests, as well as ordering airstrikes on three nuclear facilities in Iran last weekend - a majority of voters oppose the airstrikes. Since then, surveys show that Trump's approval rating has dropped to a record low. The report pointed out that several other polls also show that Trump's approval rating has dropped to a new low since his second term. The latest poll conducted by the Yugo Survey Company/The Economist from June 20 to 23 on 1590 adults showed Trump's net approval rating at -14%. Similarly, a new poll conducted by the Red-bellied Gray Finch Group on 1223 adults from June 17 to 20 showed his net approval rating at -13%. The latest polls by Ipsos Group/Reuters and the American Research Group also show that Trump's net approval rating has hit a new low in his second term. (Global Times)

The innovative structure of the ETF allows it to bypass standard regulatory filings, potentially paving the way for crypto-based yield products in traditional finance. ETF analysts Eric Balchunas and James Seyffart highlighted REX's unique c-corp model, which has received approval from the SEC. ETF Store president Nate Geraci stated that the agency is now comfortable with the fund's structure. Balchunas mentioned that the updated prospectus indicates an imminent launch of the first-ever staked crypto ETF offering exposure to Solana and on-chain staking rewards. The demand for ETFs that generate yield is increasing, with industry leaders recognizing the importance of staking in crypto ETFs.

While many cryptocurrencies are driven by hype, only a few are actually making tangible progress. BlockDAG stands out as one of these exceptional projects, having raised over $325 million, sold 23.3 billion coins, delivered more than 18,000 ASIC miners, and attracted 2 million users to the X1 App. The project is showing promising signs of long-term growth, with plans for a 100 million coin airdrop and an upcoming sponsorship campaign in the U.S. BlockDAG's strength lies not only in coin pricing but also in establishing a strong infrastructure, including a no-code dApp builder on the live testnet. The platform's EVM compatibility and low-code contract creator suggest significant potential for future use, aiming to reach over 1,000 dApps by 2026. BlockDAG's structured approach, including the $100 million airdrop and planned U.S. expansion through sponsorship, demonstrates a strategic roadmap focused on ecosystem growth and community engagement. The project's meticulous six-week launch plan leading up to the Q4 2025 listing shows a commitment to clear direction and careful execution, setting it apart from other crypto projects. By combining elements from leading networks like Bitcoin's Proof of Work security, Kaspa's DAG structure for high transaction speeds, and Ethereum's smart contracts with EVM support, BlockDAG offers a powerful, fast, and flexible platform for users. With an increasing number of holders, builders, and active community members, BlockDAG is gaining traction in the global market through its real products, advanced technology, and targeted marketing efforts.

Michael Saylor, CEO of Strategy (formerly MicroStrategy), once again released information about the Bitcoin Tracker on X platform. This time he wrote: "21 years later, you will wish you bought more." Usually, the day after he releases information about the Bitcoin Tracker, he will disclose Strategy's Bitcoin holdings data.

according to @pandajackson42 data panel, on June 28th, Binance Alpha trading volume recorded 469 million US dollars, still at a low level.

10x Research released a report stating that its return model indicates that although Coinbase's stock price trend is strong, its valuation is too high. The report also analyzed the reasons for Coinbase's rise:

whale trader James Wynn tweeted a screenshot of his 40x Bitcoin short position, holding a total of 13.91 Bitcoins with a total value of approximately 1.49 million US dollars, currently floating profit of about 1124 US dollars.