Competition intensifies on Robinhood Chain’s launchpad, as PONS surges past $30 million in market cap after catching Vlad’s attention.

According to Reuters survey data, 78 out of 104 economists (compared with 78 out of 102 in last month’s survey) expect the Federal Reserve to hold the federal funds rate steady at 3.50%-3.75% throughout 2026.

The Russian State Duma has approved a bill to establish regulatory rules for the cryptocurrency market, setting a legal framework for domestic crypto asset operations and the use of crypto assets in cross-border trade. According to official records from the Russian State Duma, the parliament on Tuesday completed the second and third readings of Bill No. 1194918-8, titled the "Digital Currency and Digital Rights Law," and formally passed it. The legislative body had previously scheduled the final vote as planned. The bill establishes a regulatory framework for crypto market participants, covering crypto trading platforms, brokers, asset management firms, custodians, and other entities, and sets out compliance requirements for the operations of relevant enterprises. Under the bill’s provisions: crypto assets are permitted for use in foreign trade (cross-border trade) settlements; however, the use of cryptocurrency for payments for goods and services within Russia remains prohibited. The main provisions of the bill are scheduled to take effect on September 1, 2026, with a transition period running until July 1, 2027. The bill still requires the signature of Russian President Vladimir Putin to officially become law.

US Treasury Secretary Scott Bessent announced the freezing of $130 million worth of cryptocurrency wallets linked to Iran’s Islamic Revolutionary Guard Corps.

U.S. ADP employment change for the week ending July 4 came in at 16,500, compared with the prior reading of 19,750. (Jinshi)

According to a Forbes report, London-based humanoid robotics startup Humanoid, founded just two years ago, developed its humanoid robot HMND 01 at a pace nearly matching industry records. Today, Humanoid announced the close of its $152 million Series A financing round, with a post-money valuation of $1.35 billion. The round was led by Prime Movers Lab, with participation from German industrial giants Schaeffler and Bosch, as well as Aglaé Ventures, an investment firm backed by the family of LVMH founder Bernard Arnault. This financing comes just months after the company signed a key commercial partnership. Earlier, Humanoid reached a 1,000-unit humanoid robot procurement deal with Schaeffler, and with Bosch’s support, secured production capacity that will enable it to achieve an output of 100,000 robots over the next five years.

US Treasury Secretary Bessent stated that the government is attempting to create market signals by holding stakes in companies.