According to Binance Futures data, over the past 24 hours, the ETH/USDT, BTC/USDT, SOL/USDT, MAGIC/USDT and XRP/USDT trading pairs led the USD-M perpetual futures market in trading volume.ETH/USDT perpetual futures long/short ratio: 1.16, funding rate: 0.0020%.BTC/USDT perpetual futures long/short ratio: 0.58, funding rate: 0.0019%.SOL/USDT perpetual futures long/short ratio: 2.15, funding rate: -0.0032%.MAGIC/USDT perpetual futures long/short ratio: 0.77, funding rate: -1.6028%.XRP/USDT perpetual futures long/short ratio: 1.95, funding rate: 0.0100%.

Odaily Planet Daily News The focus of the Fed's June meeting minutes is as follows: 1. How much hope is there for a rate cut in July: How much support will Waller and Bowman, who were appointed by Trump 1.0, get? Both said they would consider cutting interest rates at the July meeting, and the impact of tariffs on prices may be short-lived. 2. The wait-and-see period ends in the summer, and interest rates may be cut in September: The minutes may suggest that "the trajectory of interest rates will depend on the data released in June, July, and August," and the "wait-and-see" period may end in late summer. The minutes may indicate that the committee expects to get the data needed to make a rate cut decision before the end of the summer. If the situation is as expected, this will strengthen market expectations for a rate cut in September. 3. The threshold for rate cuts has dropped: The Fed's June meeting minutes may read more dovish. Powell tended to use neutral language at the June meeting, but the minutes can better reflect what Powell did not explicitly say: the threshold for rate cuts is falling. 4. Clues to internal disagreement: In June, 7 of the 19 officials thought no rate cuts were needed this year, 2 expected one, 8 expected two, and 2 expected three. Analysts will be looking for clues to the cause of this disagreement. What supports the view of 7 Fed officials that there will be no rate cuts at all in 2025. 5. Dual mandate concerns: The Fed's economic forecasts previously showed that the pace of price increases will accelerate for the rest of this year, but in 2026, even if interest rates are expected to fall, the pace of price increases will fall again. Also pay attention to whether there are serious concerns about the strength of the job market. (Jinshi)

ETH, Ethereum's new vision Golden Finance, Ethereum has been at a crossroads in the past few years.

Odaily Planet Daily News: Zeng Gang, chief expert and director of the Shanghai Financial and Development Laboratory, pointed out in an article that the payment convenience of emerging stablecoins and digital currencies should be fully utilized to promote the upgrading of financial services within a controllable range to meet the actual needs of social members for efficient, safe and low-cost payment tools. However, we need to be highly vigilant about the possibility of non-bank institutions monopolizing payment channels, user data and business opportunities, and effectively prevent the accumulation of systemic financial risks, the formation of information islands and regulatory arbitrage. Zeng Gang said that new monetary tools such as stablecoins and encrypted assets will continue to penetrate into real economic activities, bringing greater convenience and choice space to market participants. (Caixin)

Backed by a fresh $1. source: https://coindoo.com/new-gold-backed-crypto-venture-secures-billion-dollar-funding/

1. Greenland Holdings: Greenland Jinchuang holds Hong Kong license No. 4 and No. 9 licenses, supporting virtual asset business; 2. The minutes of the Federal Reserve meeting will be released at 2 am tomorrow; 3. Glider, an AI automated investment management tool led by a16z, has launched a points plan; 4. Beijing Internet Financial Industry Association: Be wary of illegal fundraising using new concepts such as "stablecoins"; 5. OKX launched BTC Coin Interest-Bearing Treasure, opening a new way for BTC financial management to stabilize income; 6. Elympics: Mocaverse NFT holders will be eligible for token community sales whitelist; 7. Matrixport: Ethereum's current price structure is not only driven by market inertia, but also reflects the resonance of fundamental support and market expectations; 8. Stablecoin concept stock Jinyong Investment fell more than 40%; 9. 0xSun: Big car heads "retired" from the main wallet one after another, due to the pressure of copying orders and conspiracy theories affecting operations; 10. CryptoQuant: The average return of long-term Bitcoin holders reached 215%, and approaching 300% may trigger a sell-off; 11. A whale deposited 9,000 ETH into Binance, equivalent to about 23.68 million US dollars; 12. Binance: Users holding at least 140 Alpha points can apply for 750 TANSSI token airdrops.

According to the monitoring of Ai Yi, an analyst on the chain, the OKX liquidity section shows that 26 addresses withdrew liquidity worth $47.59 million in just 100 seconds, accompanied by large-scale dumping of 3 addresses at the million-dollar level and 13 addresses at the half-million-dollar level, causing the insufficient liquidity and the instantaneous collapse of the coin price. Before the coin price plummeted, BR liquidity once exceeded $60 million, and now only $14.56 million remains.

Tanssi Network kicks off its mainnet, listing its token on Binance and Kraken, impacting over 3,000 chains. source: https://coincu.com/347668-tanssi-network-mainnet-launch

According to Odaily, Ripple has appointed BNY Mellon as the custodian for its XRP dollar reserves. This decision marks a significant step for Ripple in managing its digital asset holdings.

Ripple (XRP) nears breakout after 32-week consolidation, with open interest rising and key patterns echoing 2017’s historic rally. source: https://cryptopotato.com/ripple-xrp-eyes-breakout-after-32-week-hold-pattern/

On July 7, a crypto investment company, Paradigm, joined the alliance and filed an amicus brief, challenging the DOJ’s attack on software developers publishing open source code. Crypto Firm … source: https://coinpedia.org/news/crypto-firms-fight-doj-over-developer-code-crackdown/

Stablecoin giant Tether has stored a whopping $8 billion worth of gold in a private vault somewhere in Switzerland.

OpenAI has hired four senior engineers from Tesla, xAI, X, and Meta to strengthen its AI infrastructure team. This move highlights the fierce competition between major tech firms to secure top talent in the race to build advanced AI systems.

Tether plans to become the world’s largest Bitcoin miner by the end of 2025, investing billions in mining operations across Latin America. This move aims to protect its large Bitcoin holdings and strengthen the network amid new regulatory challenges.

New Zealand is tightening its grip on illicit financial flows with a sweeping crackdown on crypto ATMs and cross-border cash transfers, signaling a more aggressive stance in the global fight against money laundering and organized crime.

How will Tether respond to the GENIUS Act? Will it spin off and launch a local stablecoin?

Cryptocurrency speculation and tax evasion is not an act in the "gray area", nor is it a minor issue that can be ignored for a long time.

William Pesek wrote in a special commentary that China's electric vehicle and battery industries have never been more promising.

New Zealand has banned all crypto ATMs and set a $5,000 limit on international cash transfers to fight money laundering and organised crime. Over 220 machines were shut down, with the government saying they were being used to quickly move criminal funds overseas.

Israeli Prime Minister Benjamin Netanyahu has nominated President Trump for the Nobel Peace Prize for his mediator role in the Israel-Gaza conflict.