Cambodia and the United States have reached a trade agreement and will soon issue a joint statement on "reciprocal tariffs."

On July 5th, the voting initiated by Musk regarding the creation of the "America Party" has now come to an official end. The total number of votes reached 1,248,856, with 65.4% in favor and 34.6% against. On July 4th local time, the former U.S. President Trump signed the tax and spending bill into law, making it take effect. Previously, on June 30th local time, Musk posted dozens of tweets, expressing that lawmakers who supported the bill should be ashamed and stating that if the bill was passed, the "America Party" would be established the next day.

On July 5th, Sonic Labs made an announcement in a post stating that the claiming of Phase 1 (S1) of the S Token airdrop will commence at a random time ranging from July 15th to 22nd.

On July 5th, the Norwegian cryptocurrency exchange Norwegian Block Exchange (NBX) declared the accomplishment of a financing round worth 5.4 million Norwegian Krone (approximately $535,000). It is reported that this fundraising will be specifically utilized for Bitcoin purchases. The company had previously bought 6 Bitcoins (approximately $633,700) and intends to explore the use of Bitcoin as collateral. BlockBeats had previously reported that on June 3rd, due to the announcement of a Bitcoin reserve plan, the stock price of the Norwegian cryptocurrency exchange NBX increased by 138% in a single day.

On July 5th, a board member of the European Central Bank, Mersch, stated that the Euro is not yet in a position to challenge the status of the US Dollar as a global reserve currency. (FXStreet)

On July 5th, Nick Tomaino, the founder of the crypto venture capital firm 1confirmation, put up a post saying, "We wholeheartedly back Ethereum. Without it, this industry won't be able to keep moving forward. The values of trust neutrality, open source, and permissionless innovation must be continuously promoted." Some current trendy things like venture capital chains and enterprises adopting an Ethereum treasury strategy actually have nothing to do with these values. This doesn't mean they aren't good. They might be good. But as Hal Finney said 33 years ago, "Computers can be utilized to liberate and protect people instead of controlling them."

July 5th. During an interview with CNBC at Cannes, Vitalik Buterin, a co-founder of Ethereum, stated that it is often believed by people that institutions only focus on "scalability" and "speed". However, the reality is quite different. "Many institutions have directly informed us that the reason they attach importance to Ethereum is because it is stable, reliable, and does not experience downtime." At EthCC, Buterin delivered a keynote speech, outlining the next steps in the development of the Ethereum network and the "values test" faced during the process of institutional adoption. He also added that many institutions inquire about "privacy" and other aspects oriented towards the long-term future - these are the issues that institutions truly value. Tomasz Stańczak, the newly appointed Co-Executive Director of the Ethereum Foundation, also stated that the reason why institutions choose Ethereum is precisely because of these core values. "For ten years, Ethereum has never had a singl