Quick Take JPMorgan’s blockchain subsidiary Kinexys is testing its upcoming carbon credit tokenization application with S&P Global Commodity Insights, EcoRegistry and the International Carbon Registry.

The Block·2025/07/01 16:00

JPMorgan Chase Predicts Massive Correction for Circle (CRCL) – Here’s the Bank’s Price Target: Report

·2025/07/01 16:00

Flash

17:34
Sources Say Significant Progress Made in Gaza Ceasefire Talks
According to Jinse Finance, citing CCTV News, significant progress has been made in the latest round of Gaza ceasefire talks currently underway in Doha, the capital of Qatar. Israel's public broadcaster, quoting informed sources, reported that the parties are now focusing on the scale and positioning of Israeli military deployments in areas such as the "Philadelphi Corridor" and the "Morag Corridor" in southern Gaza. The talks have made major headway as the Israeli side has shown flexibility on this issue. The source revealed that the parties are expected to reach an agreement. Israeli media previously disclosed that, according to the latest withdrawal plan submitted by Israel to mediators, Israel will carry out a large-scale withdrawal from areas such as the "Morag Corridor" and make adjustments to troop deployments in other regions, representing certain concessions compared to previous withdrawal proposals.
17:03
Bloomberg Analyst: Positive Signs Emerge for Spot Creation and Redemption Mechanism Approval in Bitcoin and Ethereum ETFs
According to ChainCatcher, Bloomberg ETF analyst James Seyffart stated in a recent post that five funds listed on the CBOE have submitted amended documents to the SEC, indicating that regulators are actively communicating with fund providers and making detailed adjustments, possibly paving the way for a physical creation and redemption mechanism. It is worth noting that this mechanism applies only to authorized participants, such as major Wall Street institutions and market makers. Ordinary investors cannot directly exchange ETF shares for spot Bitcoin or Ethereum assets.
16:38
With the Rise of Decentralized Derivatives Trading, USDC Supply on Hyperliquid Grows to 4.9 Billion
According to ChainCatcher, citing The Block, the supply of USDC on Hyperliquid has grown significantly since the beginning of the year, doubling to 4.9 billion tokens. This expansion reflects the rising importance of decentralized perpetual contract trading platforms, with USDC serving as the primary settlement currency for derivatives trading on the platform. Hyperliquid has demonstrated strong trading momentum, processing over $150 billion in trading volume in July alone. The platform’s trading volume has reached 11.5% of a certain exchange, indicating its rapid emergence as a leading on-chain perpetual contract platform.