Odaily Planet Daily News: According to informed sources, Vietnam and the United States are said to be close to reaching a trade framework that will impose a certain range of tariffs based on the proportion of foreign product components in goods. (Jinshi)

According to ShibDaily, the Spanish Civil Guard has successfully dismantled an international criminal network involved in a large-scale cryptocurrency fraud, resulting in the arrest of five individuals. The organization is accused of defrauding over 5,000 victims worldwide, with estimated losses amounting to nearly $540 million. This operation, known as Operation BOREELLI, targeted a Hong Kong-based company allegedly engaged in fraudulent FOREX market investments. In addition to the arrests, law enforcement conducted searches in Madrid and the Canary Islands, seizing a significant amount of cryptocurrency. The investigation revealed that the criminal network defrauded victims of approximately $498 million globally, including $42 million from Spanish nationals. Authorities allege that the leaders of the crypto scam operated a global fundraising network, utilizing sales agents to collect money through cash withdrawals, bank transfers, and cryptocurrency transactions. To obscure the origins and movement of the illicit funds, the organization reportedly established an international web of corporate entities and bank accounts. Payment gateways and exchange accounts registered under various names were used to receive, hold, and transfer the proceeds. The European Union Agency for Law Enforcement Cooperation (Europol) began assisting Spanish authorities in 2023 with their investigation into this extensive crypto fraud network. Europol provided strategic analysis, operational support, and coordinated efforts across borders, with its financial crime specialists playing a crucial role in the international expansion of the probe. The investigation also involved collaboration with the Estonian Police and Border Guard Board, France’s New Caledonia National Gendarmerie, and U.S. Homeland Security Investigations. This case highlights the increasing challenges faced by law enforcement in combating online fraud associated with cryptocurrencies. As digital assets become more prevalent, international cooperation and advanced investigative tools are essential to protect investors and maintain trust in the evolving crypto landscape. The article emphasizes the importance of conducting thorough research and consulting with qualified financial advisers before making any investment decisions.

Odaily Planet Daily News: Adam Button, an analyst at the financial website Forexlive, said that the June ADP employment number was the worst reading since March 2023. It is a difficult time before the release of non-farm payrolls tomorrow. There is also a saying that household-based data points to a weak market. The market is currently fully priced in the possibility of a rate cut in September, with a probability of a 50 basis point cut of 22%. (Jinshi)

Odaily Planet Daily News Market News: Traders are increasing their bets on at least two rate cuts by the Federal Reserve before the end of 2025. After the release of the ADP data, U.S. federal funds futures raised the probability of a rate cut in July to 27.4% from about 20% before the data was released. (Jinshi)

Odaily Planet Daily News - Digital payment and financial technology company Mogo Inc. (NASDAQ: MOGO) announced that its board of directors has authorized the allocation of up to $50 million to Bitcoin as part of the company's long-term capital preservation and product innovation strategy. Funds will come from excess cash on the balance sheet and will be replenished over time through additional monetization of the portfolio. The company's initial goal is to gradually expand its Bitcoin investment to $50 million through phased investments while ensuring that the operating business has sufficient working capital. (Businesswire)

Odaily Planet Daily News REX Shares announced on the X platform that REX-Osprey SOL + Staking ETF (SSK) is now open for trading. It is reported that this is the first ETF listed in the United States and provides native Solana staking rewards.

Odaily Planet Daily News: According to Onchain Lens monitoring, three wallets that may be related to the same entity withdrew 2,797 ETH from OKX, worth US$6.86 million. One of the wallets sent 797 ETH for staking, worth US$1.95 million.

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.

Odaily Planet Daily News: The number of "small non-agricultural" people recorded a negative value, and the number of ADP employment in the United States decreased by 33,000 in June, the largest drop since March 2023. (Jinshi)

Nasdaq-listed Bit Digital has completed a $163 million equity raise specifically to purchase Ethereum, marking a dramatic pivot from Bitcoin mining to ETH treasury accumulation as the company's mining revenue declined 64% and seeks to become a "pure play" staking operation. source: https://cryptonews.com/news/nasdaq-listed-bit-digital-raises-163m-to-build-ethereum-treasury-as-it-exits-bitcoin-mining-operations/

Odaily Planet Daily News: US ADP employment in June was -33,000, expected to be 95,000, and the previous value was 37,000. (Jinshi)

Cross-border payment, can Cross-border Payment Pass really change the cross-border payment landscape in Hong Kong? Golden Finance, the in-depth game between efficiency and supervision in the field of cross-border payment?

Recommended readings tonight: 1. The Great Beauty Act: What are the key contents and why Musk strongly criticizes it; 2. Everything you need to know about stocks on the blockchain; 3. Grayscale: Stablecoin Summer;

This month, the price of BTC has shown a complex situation of cross-influence of multiple factors such as "reciprocal tariff conflicts, geopolitical conflicts, economic and employment data, and expectations of Federal Reserve rate cuts."

As Singapore tightens its regulatory stance on crypto firms operating without proper licenses, Binance is reportedly set to retain a significant portion of its workforce in the city-state—undeterred by new restrictions targeting offshore digital-asset activity.

The new wave of tokenized securities is backed by a more friendly policy environment and more mature technical solutions, and has a more solid foundation than the previous cycle.

A U.S. judge has allowed Celsius to sue Tether over the forced sale of 39,545 Bitcoin during its 2022 collapse, which Celsius says caused over $4 billion in losses. The court rejected Tether’s argument about being outside U.S. jurisdiction, meaning key claims like fraud and breach of contract will go ahead.

In the future, when stablecoins enter the regulatory compliance framework, the various costs that traditional cross-border payments should pay will also be imposed on stablecoins. Only practice can verify the cost advantage of stablecoin cross-border payments.

The SEC has approved Grayscale’s plan to turn its Digital Large-Cap Fund into an ETF, giving investors easier access to a basket of major cryptocurrencies. This move could lead to more crypto ETFs being approved in the US, including ones for altcoins like Solana, XRP, and Cardano.

Crypto billionaires are leveraging their wealth to pioneer a new paradigm in science, called "decentralised biotech".