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In mid-July, three important crypto bills will be reviewed in the U.S. House of Representatives

9 hours ago

July 4th: The Republican leadership of the U.S. House of Representatives declared on Thursday that they have plans to give consideration to three significant cryptocurrency-related bills during the week commencing July 14th. These encompass: · The GENIUS Stablecoin Act (the version that has been passed by the Senate). · The Digital Asset Market Structure and Investor Protection Act. · A proposal aiming to restrict the Federal Reserve from issuing a central bank digital currency. It is worthy of note that although the House of Representatives had previously formulated its own stablecoin bill (the STABLE Act), in order to expedite the legislative process, they will give precedence to the Senate-passed version of the GENIUS Act. The "Digital Asset Market Structure and Investor Protection Act" will define the regulatory responsibilities of the SEC and CFTC with respect to cryptocurrency and enhance the requirements for investor protection.
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A certain independent Bitcoin miner successfully mined Block 903,883, receiving a block reward of 3.173 BTC

On July 4th, based on mempool data, this morning a single Bitcoin miner successfully mined Block 903,883 and received a block reward of 3.173 BTC, which is approximately equivalent to $350,000.

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The Sumitomo Mitsui Banking Corporation in Japan has established a new business collaboration facility called HOOPSLINK in Tokyo, focusing on Web3 and Generative AI technology.

On July 4th, as per CoinPost, a subsidiary of Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking Corporation announced the establishment of a new business co-creation facility called "HOOPSLINK" within the Marunouchi Building in Chiyoda-ku, Tokyo. The facility is intended to address a wide range of complex social issues by utilizing advanced technologies in order to stimulate further economic growth in Japan. Sumitomo Mitsui Banking Corporation stated that in the present context, businesses need to leverage emerging technologies like generative AI, Web3, and cybersecurity to address various social challenges. HOOPSLINK will organize workshops and seminars on cutting-edge technologies and drive projects such as the commercialization of stablecoins and the applications of augmented reality glasses.

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Gate will list CROSS (CROSS) spot and contract trading

On July 4th, as per an official announcement, Gate will list CROSS (CROSS) for spot trading at 16:15 (UTC+8) on July 4th. Furthermore, at 16:20 (UTC+8), CROSS perpetual contract trading will start (settled in USDT), with support for 1-20x leverage.

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Former Ethereum Core Developer: Stablecoin Narrative, ETF Inflows, CEX Balances at New Lows to Trigger Ethereum Price Explosion

On July 4th, former Ethereum core developer Eric Conner recently composed an article and enumerated the three major impetuses for Ethereum's breakout. Stablecoins continuously infusing dollars into Ethereum: It has witnessed 21 months of continuous growth, and the monthly transaction volume is now on an equal footing with Visa. Stablecoins act as the on-chain cash engine, driving the continuous demand for ETH block space. On the other hand, in June alone, the net inflow of spot ETH ETF reached $1.17 billion. Fund managers anticipate that the size of the ETH ETF in the second half of 2025 will be several times this level. Finally, the CEX balances have dropped to only 9 million ETH, which is the lowest level since 2015. Eric Conner pointed out that Ethereum has been fluctuating between $2400 and $2600 for weeks, with decreasing volume and quietly forming higher lows. Prolonged consolidation periods usually lead to sharp fluctuations. Therefore, if ETH firmly breaks above $2600, the

11 minutes ago

DeFi Development acquires 17,760 SOL tokens, worth approximately $2.7 million

On July 4th, the Nasdaq-listed company DeFi Development Corp. (with the Nasdaq code: DFDV) declared the acquisition of 17,760 SOL, which is approximately worth $2.7 million. After this transaction, DeFi Development Corp. currently holds approximately 640,585 SOL and its equivalents, including staking rewards, and the total value amounts to around $98.1 million. On July 2nd, DeFi Development Corp. (with the Nasdaq code: DFDV) raised $100 million through convertible notes in order to further augment its SOL holdings and repurchase company stocks.

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Ronin's Unified Card Trade Showcase Platform Drip Launches Pokemon Slab NFT

On July 4th, according to official channels, Ronin has entered into a partnership with the card trading showcase platform Drip to launch the Pokémon Slab NFT series. As per the announcement, each NFT within the Pokémon Slab collection symbolizes a physical Pokémon card. By redeeming the NFT via Drip, the physical card will be dispatched to the user's designated location.

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