Web3行业研究：纽交所母公司投资OKX， Kraken接入美联储核心支付系统

Investment Rating - The report suggests a cautious approach towards the cryptocurrency market due to the prevailing low market sentiment [5]. Core Insights - The ongoing Middle East conflict has driven up energy prices, leading to a reassessment of inflation risks and a slight reduction in interest rate cut expectations. The CME FedWatch tool currently predicts only a 25 basis point cut in September 2026 [1][11]. - Bitcoin (BTC) closed at $68,136, reflecting a week-on-week increase of 3.4%, while Ethereum (ETH) closed at $1,979, up 2.5% week-on-week. The cryptocurrency fear and greed index remains at 18, indicating extreme fear in the market [1][14]. - The total cryptocurrency market capitalization this week is $2.33 trillion, with a week-on-week growth of 5.4% [11][12]. Summary by Sections 1. Market Review - The total cryptocurrency market capitalization decreased by 5.2% this week, with Bitcoin and Ethereum prices dropping by 3.1% and 1.9%, respectively [10]. - The cryptocurrency market sentiment remains in the extreme fear zone, with the fear and greed index at 18 [14]. 2. Global Policies and Industry News - The Hong Kong Monetary Authority, Shanghai Data Bureau, and the National Blockchain Technology Innovation Center signed a memorandum to enhance cooperation in digital trade and finance [21]. - The Nasdaq exchange plans to launch binary options on major stock indices, pending SEC approval [21]. - The Bank of Canada completed a tokenized bond experiment, testing blockchain settlement systems [24]. 3. Company News - The parent company of the New York Stock Exchange invested $25 billion in OKX to explore tokenized stock market opportunities [26]. - Kraken became the first cryptocurrency company approved to access the Federal Reserve's core payment system [33]. - Applied Digital issued $2.15 billion in senior secured notes to develop an AI data center in North Dakota [27]. 4. Investment Recommendations - Given the current low sentiment in the cryptocurrency market, a cautious stance is advised. Companies transitioning from mining to AI data centers, such as TeraWulf, MARA, HUT 8, and IREN Limited, are recommended for attention [35].