According to BlockBeats, gold prices have continued to rise following the U.S. Senate's approval of a multi-trillion-dollar tax bill proposed by U.S. President Donald Trump. Investors are increasingly worried about the fiscal health of the United States, with gold prices hovering around $3,340 per ounce after a 2% increase over the past two trading days. The latest version of the tax bill, which is expected to expand the deficit by $3.3 trillion over the next decade, is currently awaiting approval in the House of Representatives. If passed, it could enhance gold's appeal as a safe haven, as investors reconsider their allocation of U.S. assets due to concerns over Trump's disruptive trade and economic policies. The persistent weakness of the U.S. dollar, now at its lowest level since 2022, continues to support gold prices. This offsets the pressure from rising U.S. Treasury yields, which increased following a report on Tuesday indicating a rise in U.S. job vacancies.

According to PANews, Alibaba Cloud is set to expand its global infrastructure by establishing new data centers in Malaysia and the Philippines. This expansion will increase its reach to 29 regions and 90 availability zones worldwide. The third availability zone in Malaysia became operational on July 1, while the second zone in the Philippines is scheduled to launch in October 2025. This move aims to meet the growing demand for cloud computing and AI services overseas. In addition to expanding its data centers, Alibaba Cloud plans to establish its first AI Global Capability Center. The initiative will involve collaboration with over 1,000 enterprises to develop more than ten industry-specific AI demonstration projects. Furthermore, Alibaba Cloud will partner with over 120 universities globally to train 100,000 AI professionals annually, reinforcing its commitment to advancing AI technology and education.

According to Odaily, shares of Hong Kong-listed company Leading Pharma Biotech (00399) experienced a significant surge during early trading, with prices rising nearly 240% at one point. The stock reached a peak of 0.7 HKD before settling around 0.34 HKD. This increase follows the company's announcement of its intention to acquire full ownership of the blockchain project Conflux, aiming to expand its presence in the blockchain sector. Two founding members of Conflux currently serve as executive directors at Leading Pharma Biotech.

According to BlockBeats, American Bitcoin Corp. and Gryphon Digital Mining jointly announced on July 1, 2025, that they have submitted a revised S-4 registration statement to the U.S. Securities and Exchange Commission (SEC) to advance their previously announced stock-for-stock merger transaction. Under the agreement, Gryphon will acquire American Bitcoin through a stock exchange, and the merged entity will operate under the "American Bitcoin" brand, led by American Bitcoin's management and board of directors. The combined company is expected to be listed on Nasdaq with the ticker symbol "ABTC," aiming to complete the transaction by the third quarter of 2025. American Bitcoin is a subsidiary of Hut 8, supported by Eric Trump, son of U.S. President Donald Trump. The company focuses on industrial-scale Bitcoin mining and strategic Bitcoin reserve development.

According to BlockBeats, recent data from Kalshi indicates a 40% probability that Elon Musk will establish a new political party within this year. Meanwhile, Polymarket reports a 33% chance of Musk creating a new party by the end of July and a 43% chance by the year's end. Elon Musk recently stated that he would form a new political party the day after the Beautiful Law Act is passed.

Only when AI is truly "deepened" into every device will decentralized collaboration change from a concept to a necessity?

According to PANews, data from SoSoValue indicates that on July 1, 2025, Ethereum spot ETFs saw a total net inflow of $40.6798 million. The Blackrock ETF ETHA recorded the highest single-day net inflow of $54.8354 million, bringing its historical total net inflow to $5.578 billion. Following this, the Grayscale Ethereum Trust ETF ETHE had a net inflow of $9.9567 million, although its historical total net outflow stands at $4.294 billion. Conversely, the Fidelity ETF FETH experienced the largest single-day net outflow of $24.1123 million, with its historical total net inflow reaching $1.649 billion. As of the latest update, the total net asset value of Ethereum spot ETFs is $9.95 billion, with an ETF net asset ratio of 3.41% compared to Ethereum's total market value. The cumulative historical net inflow has reached $4.251 billion.

According to Foresight News, Nasdaq-listed Bitcoin mining company BitFuFu has released its mid-year performance data for 2025 on the X platform. The report reveals that the company's hashrate reached a peak of 34.1 EH/s in the first half of the year, while its Bitcoin holdings increased to 1,709 coins. Due to its Bitcoin holdings exceeding 1,000 coins, BitFuFu has been included as a tracked entity in the Bitcoin Standard Corporations ETF managed by Bitwise. This inclusion reflects the company's significant presence in the Bitcoin mining industry and its growing influence in the cryptocurrency market.

According to Odaily, the KOGE team, known as 48 Club, announced on the X platform that due to the BNB Chain network architecture upgrade and changes in resource pricing strategies, they will gradually phase out the 0Gas service based on the 48Soul Point system. However, 0Gas routing for stablecoin transfers, which does not rely on Soul Points, will continue to operate as usual.

According to BlockBeats, Elon Musk recently shared a post by U.S. President Donald Trump regarding the successful negotiation of a ceasefire agreement in Israel. Musk commended Trump for resolving several significant global conflicts, stating, "Credit where credit is due."

According to the announcement from Binance, the platform is set to expand its VIP Loan offerings by including Newton Protocol (NEWT) and Sahara AI (SAHARA) as new loanable assets. This development is part of Binance's ongoing efforts to enhance its financial services for users seeking over-collateralized loans. The addition of these assets aims to provide users with more options for leveraging their digital assets within the Binance ecosystem. Binance VIP Loan is designed for both personal and institutional clients, offering competitive rates and terms. It allows users to unlock greater potential for various financial objectives, including increased liquidity for long-term investments, leveraged trading, and hedging strategies. The service is tailored to meet the needs of users looking for substantial loan amounts backed by collateral. Users interested in exploring the VIP Loan service can access detailed information about interest rates and the full list of loanable and collateral assets directly through the Binance platform. The inclusion of NEWT and SAHARA as loanable assets reflects Binance's commitment to broadening its financial product offerings and providing users with diverse options for managing their digital portfolios. This move is expected to attract users who are looking to maximize their investment strategies through the use of Binance's comprehensive loan services. As Binance continues to innovate and expand its services, users are encouraged to stay informed about the latest updates and offerings available on the platform.

In an ironic turn of events, President Trump has just called DOGE (The Department of Government Efficiency) to slash all of its funding to Musk's businesses to cut costs.

Figma has quietly invested over $69 million into a Bitcoin ETF and plans to buy more using $30 million in USDC. The move was revealed in its IPO filing, showing Bitcoin is now part of its company treasury alongside traditional assets.

In a relatively quiet month for cryptocurrency valuations, with market focus on fundamentals, there have been a number of positive developments on the stablecoin front.

Powell said the Fed would likely continue to gradually cut interest rates this year if it weren't for concerns that tariffs could derail the Fed's final leg of its recent campaign to suppress inflation.

OpenAI gave all staff a week off to slow down Meta’s aggressive hiring, after losing several researchers to Zuckerberg’s new AI team. Meta reportedly offered up to $100 million in pay packages, causing anxiety inside OpenAI as leaders scramble to stop more staff from leaving.

In the hectic final hours of heated negotiation over the "One Big, Beautiful Bill", pro-crypto senators were scrambling to finalise all the details of the bill. But before they could finish, the bill was already passed....

In a world rife with uncertainty, debt burdens, geopolitical shifts and rapidly changing economic systems, the way forward for investors is not through prediction but through preparation.

Golden Finance launches the 2742th 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.

Explore the possibility of accelerating the internationalization of the RMB and analyze the pros and cons that may arise from this.