Matt Hougan: The next cryptocurrency bull market will be driven by stablecoins, tokenization, and institutional DeFi

The spot gold price has exceeded $4090 per ounce, with a intraday increase of 1.11%.

According to Sina Finance, according to Polymarket data, the probability of the market betting on a ceasefire agreement between the United States and Iran before August 31, 2026 is 75%.

Russian Central Bank Governor Nabiullina stated that Act No. 1194918-8 distinguishes between qualified and unqualified investors, aiming to protect unqualified investors from taking on unfamiliar risks. The bill stipulates that the upper limit for non qualified investors to purchase cryptocurrencies is 300000 rubles, approximately 3800 US dollars, and the upper limit for qualified investors is 10 times that. Nabiullina pointed out that the volatility of the cryptocurrency market and the risk of overseas digital asset seizure are the reasons for implementing this measure. Bill 1194918-8 is expected to come into effect on September 1st. Nabiullina stated that the Russian cryptocurrency ecosystem remains open, and there are no restrictions on the repatriation and transfer of digital assets overseas. However, investors who receive assets overseas are not protected by Russian law.

Brent crude oil futures fell about 6% to around $91 per barrel, WTI crude oil futures fell below $84, and European natural gas prices fell by 7.8% at one point. The United States has suspended airstrikes on Iran since late Friday, and the Iranian army has stated that Tehran has suspended its response actions. The Houthis claimed to have attacked targets in Saudi Arabia but have not been confirmed. Brent crude oil has risen by about 30% this month, briefly breaking through $100 per barrel last week.

Nasdaq futures opened 1.4% higher on Monday, while S&P 500 futures rose 0.76%. (Golden Ten)