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The Crypto Assets market has seen frequent dynamics recently, with several important events attracting follow.
Investment firm Mill City has completed a massive private financing round, raising a total of $450 million. Subsequently, the firm has aggressively purchased 76.3 million SUI coins, demonstrating strong confidence in the SUI project.
At the same time, several companies have revised their previously submitted SOL ETF registration statements and resubmitted S-1 filings, reflecting institutional optimism about the Solana ecosystem.
At the macroeconomic level, the market's expected probability of a Federal Reserve rate cut in September is 38.2%, indicating investors' cautious attitude towards the direction of U.S. monetary policy.
It is worth noting that the Chairman of the U.S. Securities and Exchange Commission (SEC) has stated that they will begin to develop a relevant framework to allow for the parallel trading of encryption securities with traditional securities. This statement may pave the way for the compliance of Crypto Assets.
On the other hand, the well-known crypto assets exchange Coinbase announced its second quarter financial report. The report shows that Coinbase increased its holdings by 2,509 coins this quarter, but its $1.5 billion revenue was slightly below market expectations.
At the same time, Strategy Company delivered impressive results, with second-quarter revenue reaching an all-time high. The company also submitted an issuance application for STRC totaling up to $4.2 billion, aimed at further expanding its Bitcoin holdings.
These events together depict a vibrant picture of the Crypto Assets market, where the active participation of institutional investors and the gradual clarification of regulatory attitudes may inject new momentum into the long-term development of the industry.