7:00-12:00 Keywords: USDC, BlackRock IBIT, Bitwise ETHW 1. Hong Kong's financial industry can study the launch of stablecoin trading desks and institutional custody services. 2. Circle issued about $2.70 billion USDC in the past week; 3. grey release ethereum trust ETF funds yesterday net outflow of 356.30 million dollars; 4. BlackRock IBIT held more than 338,000 bitcoins as of July 25, an increase of more than 1,092 from the previous day; 5. Bitwise ETHW held close to 80,000 ETH, an increase of nearly 5,000 from the previous trading day; 6.10X Research CEO: Traders will not short bitcoin this weekend due to speculation that Trump's speech will push prices higher. 7. QCP Capital: ETH performed poorly after the launch of the Ethereum Spot ETF, or was affected by factors such as lack of collateral; 8. BlackRock IBIT and Fidelity FBTC ranked among the top 10 ETFs for inflows during the year, with top returns.