USDC Treasury Burns 55 Million USDC on the Ethereum Blockchain

On July 23rd, based on HTX market data, Bitcoin exceeded $120,000, witnessing a 24-hour price increase of 2.40%.

On July 23rd, U.S. President Trump stated on social media: "The Philippine President Ferdinand Marcos and his numerous representatives have just left the White House. It was an excellent visit, and we have reached a trade agreement. The Philippines will open its market to the U.S. with zero tariffs. However, it should be noted that the Philippines will also pay a 19% tariff. Additionally, we will collaborate on the military front. I am honored to be with this president. He is highly regarded in his country and deserves that. He is also an extremely excellent and tough negotiator." (Golden Finance)

On July 23rd, according to market news: The space exploration company SpaceX has cautioned investors that CEO Musk may re-enter US politics. (Xinhua Finance)

On July 23rd, according to official information, Circle has officially launched the Circle Gateway testnet. It initially supports the Avalanche, Bitcoin, and Ethereum mainnets, enabling users to access USDC across chains in seconds. The mainnet version is about to be launched and will continue to expand to more blockchains. The key features are as follows: 1. Cross-Chain Access in Less Than 500ms: There is no need for cross-chain bridges or pre-positioning of assets. Users can quickly call a unified USDC balance. 2. Efficient Liquidity Management: By integrating a single system, it meets the multi-chain liquidity needs and reduces capital utilization. 3. Non-Custodial Design: Users have full control over USDC. Funds can only be moved with signed authorization, and withdrawals do not require trust in a third party.

On July 23rd. Bloomberg ETF analyst James Seyffart stated in a recent article that five ETFs listed on CBOE have submitted amended filings to the SEC. This indicates that the regulatory agency is actively involved in discussions with the funds and is making detailed adjustments. It may potentially pave the way for an in-kind creation and redemption mechanism. It is important to note that this mechanism is only applicable to authorized participants (such as large Wall Street institutions and market makers). Regular investors cannot directly exchange Bitcoin or Ethereum spot assets for ETF shares.