According to Foresight News, U.S. Treasury Secretary Besent has indicated that upcoming stablecoin legislation is expected to increase demand for U.S. Treasury bonds. This development is seen as a significant move in the financial sector, potentially impacting the broader economic landscape.

Odaily Planet Daily News CryptoSlam data shows that the sales of NFTs on the Ethereum chain in June were only about 100,148,795.05 US dollars, setting the lowest monthly sales record since February 2021. Last month, the sales volume of NFTs on the Ethereum chain was about 549,000. So far, the total sales of NFTs on the Ethereum chain has reached nearly 46 billion US dollars, and the total number of transactions on the chain has reached 55.1216 million.

JPMorgan expects stablecoin growth to reach only $500 billion by 2028, calling trillion-dollar forecasts overly optimistic. source: https://cryptonews.com/news/jpmorgan-stablecoin-outlook-500b-2028/

According to BlockBeats, on-chain analyst Ai Yi (@ai_9684xtpa) has reported that the trader known as @qwatio has increased their short position in Bitcoin. Early this morning, the trader added 21.04 BTC to their short position, bringing the total position value to $30.48 million. Despite this increase, there remains a significant risk of liquidation.

Odaily Planet Daily News iM Bank has submitted 12 trademark applications related to the Korean won stablecoin, including "iMKRW", "iMST", "KRWiM", etc., reflecting its combination layout around KRW and the bank's new name iM. Previously, iM Bank has joined the Open Blockchain and DID Association (OBDIA) and participated in the Stablecoin Division. The bank said that it intends to advance the development strategy of digital financial services after the institutionalization of the Korean won stablecoin through trademark pre-occupancy and technology internalization. (newsis)

1. Trump will hold a signing ceremony for the tax reform bill today 2. The U.S. House of Representatives voted to pass the "Big and Beautiful" bill 3. Trump will sign the "Big and Beautiful" bill at 5 a.m. Beijing time on Saturday 4. U.S. Treasury Secretary Bessant: If the Fed does not cut interest rates at this meeting, the rate cut in September may be even greater, and the selection of a new Fed chairman will be started in the fall 5. The U.S. House of Representatives will set up "Crypto Week" in mid-July to promote three pieces of legislation including the GENIUS Stablecoin Act 6. "SOL version of MicroStrategy" DDC once again increased its holdings of 17,760 SOLs 7. Ondo Finance and Pantera Capital launched a $250 million fund 8. The SEC suddenly suspended GDLC's listing application, and Grayscale said it would still promote the crypto ETF conversion plan 9. Binance payment upgrade, launching contact transfer and on-chain transfer solutions 10. Many xStocks on-chain U.S. stocks were de-anchored, and HOODX once broke through $800 11. US senators submit independent crypto tax bill, intending to end double taxation and clarify the tax rules for pledge mining 12. Analyst: The Fed will not cut interest rates until the end of 2025 13. Data: The number of people applying for unemployment benefits in the United States has increased, reaching the highest level since November 2021 14. After the release of non-agricultural data, the market predicts that the probability of the Fed cutting interest rates in September is about 80% 15. The seasonally adjusted non-agricultural employment in the United States in June was announced to be 147,000 16. The unemployment rate in the United States in June was 4.1%, and the previous value was 4.20% 17. The Open Platform completed a $28.5 million Series A financing, led by Ribbit Capital 18. Distinct Possibility Studios completed a $30.5 million financing, led by Bitkraft Ventures and Brevan Howard Digital 19. ZachXBT: The founder of WhiteRock was arrested in the UAE for suspected ZKasino fraud and will be extradited to the Netherlands 20. Backpack: Will compensate users who suffer unexpected losses during maintenance 21. Robinhood CEO: OpenAI and SpaceX tokenized stocks are derivatives rather than equity 22. A whale completed a profit-taking operation of 723 WBTC, with a cumulative profit of more than 49.75 million US dollars

On Jul 04, 2025, 01:25 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,600 USDT benchmark and is now trading at 2,601.370117 USDT, with a narrowed 0.73% increase in 24 hours.

SAP CEO Christian Klein challenges Nvidia’s AI vision, saying Europe doesn’t need massive data centers to compete in AI. source: https://www.cryptopolitan.com/sap-rebukes-nvidias-ai-infrastructure-push/

Binance unveils corporate institutional lending options offering up to 4x leverage; enhancing trading flexibility. source: https://coincu.com/346714-binance-introduces-institutional-lending-options

Odaily Planet Daily News: Ethereum SVM Layer2 network Eclipse posted on the X platform that the ES airdrop query page is now online. In addition, After School Club posted on social media that users holding ASC series NFTs will directly receive ES airdrops on the day of Eclipse TGE, without snapshots or additional operations. If you hold ASC in your wallet, the airdrop will be automatically distributed to your wallet address.

Golden Finance launches the 2744th 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.

Cohen built GameStop into the 14th largest bitcoin holder with the same ease with which he built Chewy from scratch and bought it for $3.35 billion.

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

How two regulatory actions can turn the “biggest risk” in the crypto space into the “safest bet.”

This article will take Tether’s strategic layout in Thailand as the starting point to summarize the characteristics of Thailand’s market regulation of digital assets.

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Against the backdrop of the accelerated digital transformation of the global financial system, why countries and institutions are embracing stablecoins has become a hot topic that has attracted much attention.

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