Odaily Planet Daily News According to the Wall Street Journal, on Wednesday night local time, Republican leaders in the U.S. House of Representatives suffered a setback on Trump's tax and spending bill, and the party's slim majority once again created last-minute drama on Capitol Hill. Four Republican lawmakers - Keith Self, Victoria Spatz, Andrew Clyde and Brian Fitzpatrick - joined Democrats in voting against a procedural "rule" vote, preventing the Republican Party from entering the final stage of passage, at least for now. The procedural vote lasted until late at night, lasting more than 7 hours, and is said to be the longest vote in the history of the House of Representatives. (Jin Shi)

According to PANews, recent data reveals that the "Buffett Indicator," a key measure of U.S. stock valuations, has surged to an unprecedented 205%, marking a historic high. This figure surpasses levels seen during the dot-com bubble and the 2008 financial crisis, indicating that market valuations are significantly overestimated. Currently, the total market capitalization of U.S. stocks exceeds twice the country's GDP. Despite the indicator suggesting a potential market bubble, the market reaction has been relatively subdued. As trading commenced in the second half of 2025, the Dow Jones Industrial Average rose by 426 points (1%), the S&P 500 remained largely unchanged, and the Nasdaq Composite Index fell by 0.6%. Investors have shifted funds from technology stocks like Microsoft and Nvidia to healthcare stocks such as Amgen, Merck, and UnitedHealth, which saw gains of nearly 3%, with Johnson & Johnson also rising by almost 2%. The elevated level of the Buffett Indicator suggests that the market may face adjustment risks, prompting investors and analysts to closely monitor future trends. The coming months will be crucial in determining whether the market can sustain its current high valuations or if a correction is imminent.

A Korean man thought he had met the right girl from a dating app, but that turned out to be far from the truth.

Odaily Planet Daily News According to SoSoValue data, the crypto market rebounded after two consecutive days of correction, with a general increase of about 2% to 9%. Among them, Bitcoin (BTC) rose 3.12% in 24 hours, breaking through the $109,000 mark. Ethereum (ETH) rose 7.03%, approaching $2,600. At the same time, MAG7.ssi rose 4.39%, DEFI.ssi rose 7.39%, and MEME.ssi rose 7.85%. Other sectors with outstanding performance include: AI sector rose 9.06% in 24 hours, Virtuals Protocol (VIRTUAL) and ai16z (AI16Z) rose 13.33% and 16.05% respectively; Meme sector rose 8.57%, among which dogwifhat (WIF) rose 16.56%, and Bonk (BONK) rose 20.06% in 24 hours due to the news that Tuttle Capital is about to launch BONK 2x leveraged ETF; Layer2 sector rose 8.23%, Celestia (TIA) rose 17.67%; RWA sector rose 8.06%, Plume (PLUME) and Keeta (KTA) rose 18.72% and 24.07% respectively. In addition, the DeFi sector rose by 6.59%. Within the sector, Uniswap (UNI) rose by 12.28%; the Layer1 sector rose by 4.27%, and Cardano (ADA) rose by 7.88%; the PayFi sector rose by 3.15%, and Stellar (XLM) rose by 5.20%; the CeFi sector rose by 2.61%, and Hyperliquid (HYPE) rose by 8.31%. The crypto sector index, which reflects the historical market conditions of the sector, shows that the ssiAI, ssiGameFi, and ssiLayer2 indexes rose by 9.35%, 9.25%, and 8.52% respectively in 24 hours.

According to Foresight News, the modular blockchain project Avail has launched the Nexus Beta version. Nexus is a meta-interoperability protocol designed to address blockchain fragmentation by connecting liquidity, assets, and coordination logic at the foundational level. Operating on Avail's decentralized public blockchain network, cross-chain transactions are verified through a modular execution layer. This layer supports zero-knowledge proofs, optimistic proofs, trusted hardware, and solver-based liquidity, enabling secure and seamless asset transfers across ZK rollups, OP rollups, and sovereign blockchains. Web3 application developers can now access the Nexus SDK in advance, allowing for the free movement of assets, users, and liquidity within applications and across native chains.

According to PANews, recent data shared by Sam Blackshear, co-founder and CTO of Mysten Labs, reveals that Sui has become the second fastest-growing Layer 1 (L1) developer community over the past year, with a growth rate of 16.1%. This places it just behind Solana, which experienced a 17.7% increase. Over the past two years, Sui's developer community has grown by 54%, ranking it as the fastest-growing in this category. This growth stands in stark contrast to the overall trend in the cryptocurrency industry, where the total number of developers has decreased by approximately 20% over the past year. All major Ethereum Virtual Machine (EVM) L1 developer communities have experienced negative growth during this period.

According to PANews, data from Solscan indicates that Circle minted approximately 250 million USDC on the Solana blockchain. This transaction occurred at 3:13 a.m. on July 3, 2025, UTC+8.

According to Cointelegraph, BlackRock, the world's largest asset manager, is now generating more annual fees from its spot Bitcoin exchange-traded fund (ETF) than from its flagship S&P 500 fund. This shift highlights the growing investor interest in Bitcoin and the impact of fee compression in core equity exposure. Nate Geraci, president of NovaDius Wealth Management, noted that the iShares Bitcoin (BTC) ETF (IBIT) has overtaken the iShares Core S&P 500 ETF (IVV) in annual fee revenue, reflecting the increasing demand for Bitcoin. The IBIT, with an expense ratio of 0.25% and approximately $75 billion in assets under management, has generated $187.2 million in annual fees, surpassing the IVV by about $100,000. Despite the IVV being over eight times larger, with around $624 billion in assets, it charges significantly less at 0.03%. This development has drawn comments from several crypto executives. Anthony Pompliano, a crypto entrepreneur, remarked that Bitcoin now has Wall Street's full attention. Ben Pham, chief financial officer of Strive Funds, suggested that Bitcoin could signal the end of active management and passive indexation portfolios. Crypto trader Cade O’Neill commented on the implications for capital flow, indicating that institutions are now committed to Bitcoin. James McKay, founder of McKay Research, described the news as bullish. Since its launch in January 2024, BlackRock's IBIT has recorded $52.4 billion in inflows, the highest among U.S. spot Bitcoin ETFs, according to Farside data. Bitcoin's price has increased by 2.37% over the past 30 days, and the IBIT closed Wednesday at $62.41, up 4.31% for the day. Meanwhile, the IVV closed at $623.42, up 0.44%. U.S.-based spot Bitcoin ETFs experienced their first net outflow day on Wednesday after 15 consecutive days of inflows. This article does not provide investment advice or recommendations. Readers are encouraged to conduct their own research before making investment decisions.

Odaily Planet Daily News: According to official news, Backpack has launched the second season points activity.

3-7-2025 – SharpLink Gaming Boosts Ethereum Staking with $2M lsETH Purchase, Stock Surges 28%July 3, 2025, 10:46 AM +08SharpLink Gaming has staked an additional $2 million in Ethereum as liquid staked ETH (lsETH), bringing its total lsETH holdings to $458 million, according to on-chain data from Arkham Intelligence shared on X. The Nasdaq-listed company’s stock [. . source: https://www.cointrackdaily.com/sharplink-gaming-stakes-2m-more-in-ethereum/

BlackRock’s Bitcoin ETF is earning more in annual fees than the firm’s signature S&P 500 fund, despite having an expense ratio almost nine times higher. source: https://cointelegraph.com/news/blackrock-bitcoin-etf-outearns-annual-fees-s-and-p-500-fund?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

“The rise of ETH is not driven by the purchase or publicity of one or two institutions. It is the common choice of mainstream institutions when changing their layout, and the critical point of trend change is coming soon.”

Golden Finance launches the 2743th issue of "Golden Morning 8" - a morning report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on the digital currency and blockchain industry.

Robinhood vs xStocks, which one will come out on top?

Circle's application for a federal trust bank license is a landmark event in the institutionalization process of the stablecoin industry.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

When investors have real good projects, who would chase emotions all day long and treat gambling as investment?

On June 26, 2025, the contract deployed by the stablecoin protocol Resupply on the Ethereum mainnet was attacked, resulting in a loss of approximately $10M in assets.

Currently, there are nearly 50 institutions in Hong Kong that can provide virtual asset trading services with licenses. Not all of them are as wealthy as BGX. OSL took the initiative and served a large number of institutional clients. It is not easy for latecomers to get a share of the pie in this market.

When a country has too much debt, lowering interest rates and devaluing the currency in which the debt is denominated are the most likely priority paths that government policymakers will take, so it pays to bet on that happening.