U.S. 4-Month Treasury Auction Bids-to-Cover Ratio as of July 23

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The Transformation Path of Vietnam's Crypto Assets Regulation and Taxation System For a long time, Vietnam's legal position on Crypto Assets has been unclear, and relevant tax policies have also fallen into a gray area. However, this situation saw a significant turning point on June 14, 2025. The Vietnamese National Assembly passed the "Digital Technology Industry Law," which for the first time incorporated Crypto Assets into the national legal framework and implemented classified supervision, formally granting them legal status, marking a milestone event in the country's Crypto Assets regulatory process. The new law categorizes digital assets into "virtual assets" and "crypto assets", granting the government the authority to formulate and implement detailed regulations, while also strengthening requirements for cybersecurity, anti-money laundering, and counter-terrorism financing. This law is set to take effect on January 1, 2026, aiming to improve the relevant legal framework, align with international regulatory standards, and assist Vietnam in exiting the FATF gray list as soon as possible. This article will analyze the role of this legislative breakthrough in restructuring Vietnam's digital economy landscape, and interpret its

The native token HBAR of the Hedera network has shown strong performance amid market fluctuations, with its price rising more than six times since the 2024 low point. The ongoing attention from institutional investors and the network's technological upgrades have contributed to the increased market recognition and demand for this token. Furthermore, Hedera has accelerated the development of practical application scenarios by optimizing its governance structure and expanding the Decentralized Finance ecosystem, laying the foundation for HBAR's future rise.

SharpLink Gaming recently appointed former BlackRock executive Joseph Chalom as co-CEO, increasing the company's influence in the Ethereum market. Chalom's addition and SharpLink's acquisition of 77,000 ETH has made it the second-largest ETH treasury strategy company, demonstrating confidence and expectations for the future of Ethereum.

In the past 24 hours, important events occurred in the crypto market: AI agents completed digital art transactions, the newly emerged GEN Token and "worthless" projects attracted attention. The overall market generally fell, while Ethereum celebrated its tenth anniversary. Investors should carefully assess project risks, especially in the PvP model.