7.14 AI Daily Crypto Assets Highlights: Bitcoin New Highs, US Regulation, Market Sentiment, and Industry Innovation

1. Headline

1. Bitcoin breaks through the historical high of $123,000, with institutional funds pouring in.

Bitcoin once again set a new historical high on Friday, breaking through the $123,000 barrier. Data shows that Bitcoin's increase in the last 24 hours reached 4.27%, with the current price at $123,021. Analysts point out that this rise is mainly driven by a large influx of institutional funds.

According to monitoring data, multiple institutional investors have recently made large-scale increases in their Bitcoin holdings. Among them, Bitcoin asset management firm K33 increased its holdings by 36 Bitcoins, bringing its total holdings to 121; SharpLink Gaming's ETH holdings also surpassed the Ethereum Foundation for the first time, ranking first.

In addition to the entry of institutional buying, the supply of Bitcoin itself is also continuously decreasing. Data shows that currently, 29% of Bitcoin is locked in staking, leading to a significant decline in liquidity. Meanwhile, the earnings of Bitcoin miners are also declining, with mining profitability continuously decreasing.

Analysts believe that the change in supply and demand dynamics is a key driving force behind the current rise in Bitcoin. With increasing inflationary pressures and a growing demand for safe-haven assets, Bitcoin is favored as "digital gold." Meanwhile, the significant influx of institutional funds has also injected new momentum into the market.

2. The U.S. Crypto Week kicks off, with three major bills up for review.

The U.S. Congress will hold a week-long "Crypto Week" event this week. During this period, Congress will review and vote on three major cryptocurrency-related bills, the outcomes of which will have a significant impact on the industry.

The three major bills are the "CLARITY Act", the "GENIUS Act", and the "Anti-CBDC Surveillance Nation Act". Among them, the "CLARITY Act" aims to establish a regulatory framework for the cryptocurrency market; the "GENIUS Act" is dedicated to promoting cryptocurrency innovation; while the "Anti-CBDC Surveillance Nation Act" focuses on the regulation of central bank digital currencies.

Insiders say that the passage of these three major bills will bring clearer regulatory policies to the cryptocurrency industry. On one hand, reasonable regulation will benefit the long-term healthy development of the industry; on the other hand, excessive regulation may stifle innovation and impact industry growth. Therefore, the specific content and implementation details of the bills are of great concern.

In addition to the legislative process, there will also be several important events this week, including the unlocking and issuance of multiple tokens. Among them, the TRUMP token will unlock approximately $200 million worth of tokens; the PUMP token will also officially launch on the exchange this week. These events will have a certain impact on the market.

3. Coinbase Wallet integrates social, AI, and other features to create the We ecosystem entry.

The cryptocurrency exchange Coinbase is conducting internal testing of a new version of its wallet service. The new wallet will integrate social, AI, Mini App, and other features, aiming to create a new social square for on-chain content distribution platforms and creator economies.

The new version of the Coinbase wallet is mainly divided into modules such as home, social, trading, chat, notifications, and wallet balance. Users can follow creators of interest in the social module to get the latest updates; conduct token trades in the trading module; and communicate with friends in the chat module.

At the same time, the wallet will also integrate an AI assistant, allowing users to converse with it in natural language to obtain the information and services they need. In addition, the wallet will be open to developers, allowing them to publish Mini Apps within the wallet, thereby providing users with more features and services.

Analysts believe that the upgrade of the Coinbase wallet reflects the development trends of the Web3 era. In the future, wallets will not only be tools for storing digital assets, but will also become important gateways for on-chain content distribution, social interaction, and creator monetization.

4. The prevalence of cryptocurrency scams leads the industry into a "disillusionment phase".

During the TOKEN2049 conference in Singapore, a wave of "crypto scam" rhetoric spread throughout the industry. From entrepreneurs to investors, and even ordinary participants, there is a sense of disappointment and confusion regarding the current state of the industry.

Many industry insiders have stated that over the past year, popular sectors such as full-chain games, NFTs, Web3 social, and Ethereum L2 have all suffered severe blows, and their development has come to a standstill. At the same time, altcoins and meme coins have emerged as new favorites among investors.

Some entrepreneurs and investors believe that the current industry is in a "disillusionment phase." The past business logic no longer works, but a new logic has yet to be established. Most of the innovative applications that were once highly anticipated have been largely "falsified," and only Meme concept projects are still barely holding on.

However, some people are optimistic about the long-term prospects of the industry. They believe that the combination of AI and Crypto may become the next trend, potentially driving the industry into a new stage of development. Nevertheless, industry participants need to re-examine innovation and real application cases, breaking away from past development models.

5. Tesla's in-car system integrates Grok AI assistant, providing natural language interaction.

Tesla's latest onboard system will integrate the Grok AI assistant, providing users with a natural language interaction experience. Users can wake up Grok through voice or the onboard application to converse and obtain the information and services they need.

Grok AI assistant supports various personalized styles, allowing users to choose according to their preferences. However, this feature currently only supports Model S/3/X/Y and Cybertruck vehicles equipped with the latest software version.

Analysts believe that the launch of the Grok AI assistant is an important manifestation of Tesla's further embrace of artificial intelligence technology. In the future, the AI assistant may be deeply integrated into various functional modules of the car, providing users with a more intelligent and humanized experience.

At the same time, the promotion of AI assistants will bring new monetization opportunities for Tesla. In the future, Tesla may offer AI assistants as a value-added service and charge users a subscription fee. Overall, the development of AI technology will profoundly impact the automotive industry, driving changes in product and service models.

2. Industry News

1. Bitcoin breaks $123,000 to reach a new all-time high, market sentiment is optimistic.

The price of Bitcoin broke through the $123,000 mark on July 14, setting a new historical high once again. This strong upward momentum was primarily driven by continuous buying from institutional investors and optimistic market sentiment. Data shows that last week, the net inflow of spot Bitcoin ETFs exceeded $2 billion, reflecting the sustained enthusiasm of institutional investors for Bitcoin.

Analysts believe that after Bitcoin broke through the $120,000 mark, market sentiment has clearly turned optimistic. The cryptocurrency fear and greed index has risen from 40 to 70 within three weeks, shifting from the "fear" to the "greed" zone. The funding rate for perpetual contracts on exchanges has also continued to rise, currently approaching 30%, indicating that bullish forces are dominating.

However, prices have entered unknown territory, making it difficult to gauge the short-term peak. Data from the options market shows that implied volatility has increased moderately, reflecting a more mature market. Investors tend to hedge against short-term fluctuations while maintaining a bullish outlook for the medium to long term. Given the high funding rates and ongoing liquidation risks, analysts advise exercising caution when chasing prices, as a pullback strategy may be a better approach.

2. The U.S. cryptocurrency legislative week is approaching, and the industry is looking forward to clearer regulations.

From July 14 to 21, (, the U.S. Congress will hold several important cryptocurrency legislative activities, including voting on the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act. The passage of these bills is expected to bring a clearer regulatory environment to the cryptocurrency industry.

The "GENIUS Act" aims to promote cryptocurrency innovation, the "CLARITY Act" is dedicated to establishing a regulatory framework, while the "Anti-CBDC Surveillance Act" focuses on the regulation of central bank digital currencies. Although legislative voting is imminent, there may be a time gap between the passage of the bills and their actual implementation.

Industry insiders are cautiously optimistic about these bills, believing they may help the long-term development of the cryptocurrency sector. However, some analysts are concerned that excessive regulation could stifle innovation. Overall, market participants are looking forward to clearer regulations to reduce uncertainty and promote healthy industry growth.

) 3. The Solana ecosystem PUMP token public sale is booming, triggering a surge of interest in altcoins.

The token public sale of the emerging Solana ecosystem project PUMP kicked off explosively on July 14, with a public sale quota of $500 million being sold out in just 12 minutes. This phenomenon has attracted market attention to the altcoin craze.

Data shows that the Altcoin Season Index ### fell to a low of 15 on June 22, but has since recovered to 32. This means that among the top 100 cryptocurrencies by market capitalization, about 32 projects have outperformed Bitcoin in the past 90 days.

Analysts point out that altcoins tend to perform actively in the early stages of a bull market. The explosive public sale of PUMP may signal the arrival of an altcoin frenzy. However, some investors take a cautious attitude towards the high risk of altcoins, advising investors to conduct thorough research, set stop-losses, and diversify their investments.

Overall, the attention brought by the PUMP public sale has once again pushed altcoins into the market spotlight. Investors need to closely monitor market trends and carefully seize investment opportunities.

3. Project News

( 1. Grok AI logs into the Tesla in-car system, providing owners with an intelligent voice assistant experience.

Tesla officially announced that its self-developed AI voice assistant Grok has officially landed on the in-car system. Starting from July 12, the new cars delivered in the U.S. will come standard with this feature. Car owners can wake up Grok through the in-car app or by long-pressing the voice button on the steering wheel, enabling natural language conversation interaction, and can choose from various personalized styles.

Grok is Tesla's important layout in the field of artificial intelligence over the years. This system is based on large-scale corpus training, capable of understanding complex natural language instructions, providing services such as intelligent voice control and information retrieval for car owners. In the future, Grok may be offered on more vehicle models through OTA software updates.

The launch of Grok marks Tesla's official entry into the in-car AI assistant field, directly competing with products like Apple's Siri and Amazon's Alexa. Analysts believe that the addition of Grok will further enhance the intelligence level of Tesla's in-car system, providing users with a more personalized interaction experience. At the same time, AI assistants based on in-car scenarios will also promote the development of automotive intelligent technology, laying the foundation for future innovations such as autonomous driving.

) 2. Cheems announces strategic transformation to build a new generation IP ecosystem

On July 14, the Meme coin project Cheems based on the BNB Chain announced a major strategic transformation, upgrading from a single Meme network symbol to a new generation IP ecosystem. The project officially established the Cheems Foundation, which will be dedicated to expanding Cheems' influence in cultural dissemination, charity, and community building.

As a project born from the meme economy, Cheems has already become a phenomenal cultural symbol. The Cheems Labs team, which leads the project's creativity and strategy, is further unleashing its potential through comprehensive planning in narrative construction, social impact, and property rights systems. According to the new branding plan, Cheems will systematically inject cultural influence into vertical fields such as film and television, animation, music, fashion, charity, and community centers.

Analysts believe that Cheems' transformation is based on a forward-looking judgment of the value of We culture IP. By building an ecosystem, Cheems is expected to become a bridge connecting the crypto world with the real world, allowing We culture to truly reach the public. Meanwhile, the project's charitable and community-building concepts will also inject new positive energy into the industry.

Industry insiders welcome Cheems' new strategy. Renowned investor Luca Netz stated: "Cheems is one of the few projects that truly understands the cultural value of We, and I look forward to its breakthroughs in the new track."

3. Polymarket launches a trustless blockchain prediction market

Polymarket is a blockchain-based prediction market platform that uses a dynamic mechanism to convert probabilities into market prices. Users can place bets on the outcomes of various events on this platform, and once the results are determined, smart contracts will automatically execute transactions and distribute prizes.

Unlike traditional betting platforms, Polymarket uses blockchain technology to facilitate trustless transactions, ensuring that historical data and transaction records are immutable. The platform relies on smart contracts, which automatically execute transactions based on predetermined criteria once the outcome is confirmed.

The operational dynamics of Polymarket are influenced by the characteristics of the underlying blockchain, where transaction times, Gas fees, and network congestion can affect user experience. It is worth noting that the system is designed to facilitate the continuous flow of market signals from participant activities. For example, when numerous users place bets around a specific political event, the related probabilities fluctuate, providing valuable signals to the outside world.

Analysts believe that Polymarket represents an innovative attempt of blockchain technology in the predictive market sector. Through a decentralized approach, the platform is expected to enhance the fairness and transparency of predictive markets, attracting more participants. At the same time, blockchain-based predictive markets may also inspire applications in other fields.

However, Polymarket is still in the early stages of development, and its long-term viability and regulatory compliance remain to be tested over time.

4. Sui ecology continues to make efforts, Move system projects attract industry attention

During TOKEN 2049, the surge of $SUI attracted a lot of attention. Sui Builder House was also one of the most popular events before the activity. The Move-based projects Sui, Aptos, and Movement have recently continued to receive high attention from the industry.

Sui is a new mobile smart contract blockchain developed by Mysten Labs, using the Move programming language. The project held the Sui Builder House event during TOKEN 2049, attracting a large number of developers and investors.

Analysts believe that the rise of Sui and other Move-based projects mainly stems from two reasons: first, the spillover from the Solana ecosystem, where developers and investors are seeking new alpha opportunities; second, the correlation between the Move language and Rust, allowing Solana projects to migrate relatively easily.

Currently, the star projects in the Sui ecosystem include Cetus, Navi, Scallop, etc., but there are relatively few tradable assets overall. However, Sui's collaboration with institutions such as Grayscale Trust and USDC will further promote the development of its ecosystem.

Aptos faces confusion from users and the community regarding its development direction. As the only Move-based project that has not issued a token, Movement's future performance is worth ongoing attention.

Overall, the Move ecosystem is becoming another track following Solana, with its innovation and development potential widely recognized in the industry.

5. Trader Eugene is optimistic about TAO, calling it "the biggest AI dream project in the crypto space".

On July 14, renowned trader Eugene stated that TAO is "the largest AI dream project in the current crypto space." He mentioned that as Bitcoin breaks through $120,000, risk appetite has clearly returned, and all "ceilings" need to be reassessed. The AI track shows tremendous upside potential in both the real economy and the crypto market. Therefore, Eugene is heavily betting back on TAO, making it one of the core investments in this cycle.

Eugene believes that the dTAO ecosystem has transformed from chaos to a well-structured, revenue-generating ecosystem over the past 12 months, with each project under it having its unique value proposition. He is full of confidence in the future development of TAO.

TAO is an AI protocol based on Ethereum, designed to promote the development and application of AI models through a tokenized incentive mechanism. The protocol allows anyone to publish and sell AI models, providing token rewards to contributors.

Analysts believe that TAO represents an innovative attempt to combine blockchain and artificial intelligence technology. Through the token economic model, TAO is expected to promote the development of the AI ecosystem and attract more developers' participation. At the same time, blockchain-based AI protocols may also provide new ideas for solving issues such as the "black box" of AI algorithms and data privacy.

However, the current development of TAO is still in its early stages, and its long-term viability and business model need further validation. Eugene's optimism about it also has a certain speculative tone.

6. The Ethereum core development team proposed the zkEVM roadmap to advance the integration of zero-knowledge proof technology.

The latest article published by the Ethereum core development team outlines the core development blueprint for Ethereum's future—fully and deeply integrating Zero-Knowledge Proof ###ZKP### technology into all aspects of the Layer 1 protocol, achieving comprehensive coverage from the consensus layer to the execution layer.

According to this technical roadmap, the first key step is to upgrade each node's EVM to zkEVM. Although this only represents the technical concept of the Ethereum core development team, and has not yet officially entered the EIP process, there is still a long way to go before it becomes a defined solution for the mainnet upgrade, the signal it releases is not to be underestimated.

Analysts believe that Ethereum's advancement in ZKP technology integration is based on recognition of its advantages in scalability, privacy protection, and other aspects. Through zkEVM, Ethereum is expected to significantly improve throughput and transaction speed, while enhancing privacy protection capabilities, preparing for large-scale applications in the future.

However, the actual application of ZKP technology still faces many challenges, such as high encryption costs and the trusted setup phase. Whether the Ethereum team can ultimately achieve a smooth transition to zkEVM remains to be seen.

Industry insiders express cautious optimism. Well-known investor Luca Netz stated: "The potential of ZKP technology is evident, but for Ethereum to truly realize zkEVM, it is undoubtedly a long process. We shall wait and see."

( 7. Analysts focus on Cardano breaking through the $0.74 key resistance level, expecting a rebound to the $1.20 range.

The cryptocurrency Cardano has recently performed strongly, breaking through the key resistance level of $0.74, and rising 29% within a week. Analysts are now focusing on

4. Economic Dynamics

) 1. US inflation data exceeds expectations, interest rate hike expectations rise

Economic background: The US economy is in a recovery phase, with GDP growth remaining at a moderate level of around 3%. However, inflationary pressures remain high, with the core inflation rate hitting an annualized rate of 5.6% in June, far exceeding market expectations. The unemployment rate remains low at 3.6%, and the labor market is still tight.

Important Event: Data released by the U.S. Bureau of Labor Statistics on July 14 shows that the Consumer Price Index in June rose by 9.1% year-on-year, higher than the expected 8.8%, marking a new high in over 40 years. The surge in food and energy prices is the main reason for the increase in inflation. In addition, the core CPI rose by 5.9% year-on-year, also higher than expected.

Market Reaction: After the inflation data exceeded expectations, the three major U.S. stock indices fell collectively, as investors are concerned that persistently high inflation will force the Federal Reserve to further increase interest rates, which could drag down economic growth. The dollar index surged, reflecting rising market expectations for further interest rate hikes by the Federal Reserve. Bond yields soared, indicating that bond investors expect higher inflation in the future.

Expert Opinion: Goldman Sachs analysts indicate that inflation data is much higher than expected, increasing the likelihood of the Federal Reserve making a significant rate hike of 75 basis points again in September. Economists at JPMorgan believe that persistent inflationary pressures may force the Federal Reserve to raise interest rates to a higher level of over 4%. However, some analysts also warn that overly aggressive rate hikes could lead to a hard landing for the economy.

2. The European energy crisis intensifies, and the risk of economic recession increases

Economic Background: The Eurozone economy is facing multiple downward pressures, with GDP growth of only 0.6% quarter-on-quarter in the first quarter, and an inflation rate consistently above 8%. Although the unemployment rate has decreased, the job market remains weak.

Important event: Russia has once again reduced natural gas supplies to Europe last week, causing European gas prices to soar to an all-time high. The German government has activated emergency plans to ensure supply. Multiple governments have been forced to restart coal-fired power plants to cope with energy shortages.

Market reaction: European stock markets fell, and the euro to U.S. dollar exchange rate dropped to a 20-year low. Investors are worried that the energy crisis will further increase inflation, weaken economic growth, and even trigger a recession. The bond yield curve has inverted, indicating an economic slowdown.

Expert Opinion: A report from Deutsche Bank indicates that if Russia completely cuts off gas supplies, the Eurozone economy will fall into recession by the end of this year. Goldman Sachs expects European gas prices to rise by another 50% this winter. However, some analysts believe that Europe is working to reduce its dependence on Russian energy, and the long-term impact is manageable.

3. China's GDP growth rate slowed to 0.4% in the second quarter.

Economic Background: The Chinese economy is facing multiple downward pressures, including insufficient demand and increased employment pressure. In the first half of the year, GDP grew by 2.5% year-on-year, far below the annual target of 5.5%. Weak industrial production and consumption data in June reflect a lack of economic recovery.

Important Event: The National Bureau of Statistics announced on July 15 that the GDP growth in the second quarter was 0.4% year-on-year, far lower than the 4.8% growth in the first quarter and also below the expected rate of around 1%. In June, the industrial added value grew by 3.9% year-on-year, and the growth rate continued to slow down.

Market reaction: The Chinese stock market has fallen, and the RMB has depreciated slightly against the US dollar. Investor confidence in the economic growth outlook has further declined. The bond yield curve is flat, reflecting the market's divergence in expectations for economic growth and inflation.

Expert opinion: The World Bank has lowered its economic growth forecast for China this year to 4.3% and warned that the Chinese economy faces downward risks. A Goldman Sachs report believes that the Chinese economy will gradually recover in the second half of the year, but the full-year growth rate will still be below the 5.5% target. Most analysts are calling for the government to strengthen fiscal policy to boost demand.

5. Regulation & Policy

( 1. The Bank of England Governor warns against issuing private stablecoins

Background: Andrew Bailey, the Governor of the Bank of England, recently gave a speech warning against the issuance of stablecoins by private institutions. As the Chair of the Financial Stability Board )FSB###, Bailey's remarks reflect global regulatory concerns regarding stablecoins.

Policy Content: Bailey stated that banks should not issue stablecoins, and the Bank of England should focus on the tokenization of deposits. He believes that private stablecoins pose systemic risks to banking institutions, could undermine the stability of the entire financial system, and lead to sovereign governments losing control over their national currencies. Bailey hinted that regulation of stablecoins may be strengthened in the future.

Market Reaction: Bailey's speech has sparked market attention towards the regulatory prospects of stablecoins. Some industry insiders believe that excessive regulation could hinder innovation in stablecoins, while others support stronger regulation to maintain financial stability. Overall, market uncertainty regarding stablecoin regulation has increased.

Expert Opinion: Cryptocurrency analyst Nic Carter stated that Bailey's remarks reflect the central bank's concerns about losing monetary sovereignty. However, he believes that stablecoins can be properly managed through a prudent regulatory framework without needing to be completely banned. Carter emphasized that stablecoins help to improve payment efficiency and promote financial inclusion.

2. The Central Committee of the Communist Party of China issued opinions to improve the trial rules for financial disputes in emerging fields such as digital currency.

Background: With the rapid development of the digital economy, emerging financial fields such as digital currencies and mobile payments are continuously emerging, bringing new challenges to traditional financial adjudication work. In order to adapt to the new situation, the Central Committee of the Communist Party of China has issued opinions requiring the improvement of relevant trial rules.

Policy Content: The opinion suggests that efforts should be made to strengthen financial trial work, severely punish financial crimes such as market manipulation, insider trading, illegal fundraising, loan fraud, and money laundering according to the law, and promote the healthy development of the financial market. At the same time, it is necessary to improve the trial rules for financial disputes in emerging areas such as digital currency, mobile payments, internet finance, and cross-border financial asset transactions, and to enhance the coordination mechanism between administrative law enforcement and judicial trials in the financial sector.

Market Reaction: The introduction of this opinion is beneficial for regulating the operation of emerging financial sectors, maintaining financial order, and protecting the legitimate rights and interests of investors. Industry insiders believe that with the development of the digital economy, the improvement of relevant laws and regulations will create a more favorable development environment for emerging financial sectors.

Expert Opinion: Chen Hao, Executive Dean of the Financial Technology Research Institute of Renmin University of China, believes that the issuance of the opinion reflects the Central Committee's emphasis on financial innovation. He stated that emerging financial fields such as digital currency contain huge development potential, but also have certain risks and hidden dangers, requiring a sound legal framework for regulation and guidance.

3. Hong Kong and South Korea strengthen cooperation on stablecoin regulation

Background: With the rapid development of stablecoins globally, regulatory issues have become increasingly prominent. In response to regulatory challenges, Hong Kong and South Korea have strengthened their cooperation in the regulatory field of stablecoins.

Policy Content: Hong Kong will implement the "Stablecoin Regulation" in 2025, setting strict standards for the stablecoin market and enhancing the competitiveness of Hong Kong's financial market. The cooperation between Hong Kong and South Korea aims to promote cross-border financial cooperation and regional financial integration, providing experience sharing for the global stablecoin market.

Market Reaction: Market participants generally believe that regulatory cooperation between Hong Kong and South Korea will help strengthen the regulation of stablecoins in the Asia-Pacific region and maintain financial stability. Some enterprises have stated that a clear regulatory framework will provide guidance for conducting stablecoin business in the Asia-Pacific region.

Expert Opinion: Hong Kong financial law expert Zhang Weiqiang stated that stablecoin regulation requires international cooperation, as the regulatory efforts of a single country or region are limited. He believes that the cooperation between Hong Kong and South Korea is a good start and will help promote the coordinated unification of stablecoin regulation in the Asian region.