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Bloomberg: U.S. Treasury Secretary Plans to Hold Talks with China in the Coming Weeks to Advance Discussions on U.S.-China Trade and Other Issues

7 hours ago

On July 8th, according to Bloomberg, U.S. Treasury Secretary Yellen declared on July 7th local time that he anticipates meeting with Chinese officials within the coming weeks in order to advance discussions between China and the U.S. on trade and other matters. Yellen said, "I will be having a meeting with my Chinese counterpart at a certain point in the next few weeks." "We have had extremely good discussions in Geneva and London previously, with both sides demonstrating a high degree of respect." Yellen also noted that if China is willing, the U.S. and China can extend cooperation into more fields and that the two sides will discuss expanding the scope of cooperation beyond trade. (Global Times)
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U.S. Stocks: Circle Drops 3.3% in Pre-market Trading as SMBC Nikko Securities Rates It as 'Underperform'

On July 8th, based on market data, Circle (CRCL.K) saw a 3.3% decline in pre-market trading. Sumitomo Mitsui Banking Corporation began providing coverage with a rating of "Underperform". (Golden Finance)

7 minutes ago

Truth Social Submits Cryptocurrency Blue-Chip ETF S-1 Filing Application

On July 8th, based on the SEC website, Truth Social has submitted an S-1 filing for a cryptocurrency blue-chip ETF. The assets of the trust are mainly composed of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cronos (CRO) held by the trustee. Under the terms of the trust agreement, the trust will allocate its assets to a certain percentage of the portfolio assets (allocation ratio), initially expected to be approximately 70% Bitcoin, 15% Ethereum, 8% SOL, 5% CRO, and 2% XRP.

7 minutes ago

Suspected Staking Service Provider Arthapala's address has once again transferred 6570 ETH to a CEX, approximately $16.77 million.

On July 8th, as per on-chain analyst Ai Auntie (@ai_9684xtpa), the address of the suspected staking service provider Arthapala has transferred an additional 6570 ETH to a CEX within the past 5 hours. This amounts to approximately $16.77 million.

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Bloomberg Analyst: BlackRock's Bitcoin Holdings Surge, 38% Away from Surpassing Satoshi Nakamoto

On July 8th, Bloomberg's Senior ETF Analyst Eric Balchunas posted on social media, indicating that BlackRock currently holds approximately 700,000 bitcoins and is only 38% away from surpassing Satoshi Nakamoto to become the world's largest single bitcoin holder. (If all bitcoin ETFs are regarded as a single entity managed by one, they have already exceeded Satoshi Nakamoto for a long time.) BlackRock's bitcoin spot ETF—IBIT is currently absorbing bitcoins at a rate of 40,000 per month (about 1,300 per day). At this rate, it is estimated that the holding will reach 1.2 million bitcoins by May 2026. This is a remarkable achievement for a product that has just been in existence for two years.

7 minutes ago

Ego Death Capital's Second Fund Completes $100 Million Raise, Focused on Supporting Bitcoin Ecosystem Company Expansion

On July 8th, as per Axios, the second fund of Ego Death Capital has managed to raise $100 million. This fund is focused on providing support for the expansion of companies within the Bitcoin ecosystem. Typical target companies of this fund have annual revenues ranging between $1 million and $3 million. However, due to the limited funds available, their growth has been restricted. This new fund will mainly concentrate on the Series A funding stage, assisting proven companies in their scaling-up process. Additionally, a small portion of funds will be set aside for early-stage projects that show promising prospects (seed round) investment.

7 minutes ago

Pakistan Establishes Digital Asset Regulatory Body

On July 8th, as per Cointelegraph, the Federal Government of Pakistan has set up the Pakistan Virtual Asset Regulatory Authority (PVARA) in order to regulate the country's digital asset industry. PVARA will function as an independent regulatory entity and is responsible for issuing licenses to virtual asset service providers. It will also carry out supervision and oversight while making sure to comply with international standards, including adhering to the guidance of the Financial Action Task Force (FATF).

7 minutes ago