Today's News Tips
1. Trump signs "big, beautiful" tax and spending bill
2. Türkiye blocks access to PancakeSwap, marking the first time it has imposed sanctions on a DEX
3. Binance: Users holding at least 140 Binance Alpha Points can claim 600 AIN tokens airdrop
4. The eighth address of a whale holding 10,000 BTC was activated after being dormant for about 14 years
5. Coinbase executive: The BTC address that transferred about $8 billion may have been hacked or the private key may have been stolen
6. Cryptocurrency project financing in the first half of 2025 reached $10.3 billion, exceeding the full year of 2024
7. The topic "What is a stablecoin" topped the Douyin hot list
8. More than 26,000 new Bitcoin millionaire addresses in the first half of 2025
Regulation & Macro
Türkiye blocks access to PancakeSwap, marking the first time it has imposed sanctions on a DEX
The Capital Markets Board of Turkey (CMB) has blocked access to PancakeSwap for "unauthorized provision of crypto asset services," marking the first time Turkey has imposed sanctions on a DEX. Also banned is the crypto price comparison platform CryptoRadar. The decision was based on the regulatory authorization obtained by CMB last year to block unlicensed foreign crypto service platforms targeting Turkish users. Analysts pointed out that this move sets a precedent for Turkish regulators to crack down on DEXs, which may affect similar platforms such as Uniswap and Raydium. Previously, Türkiye mainly blocked centralized exchanges that did not apply for local licenses.
Russian State Giant Rostec Plans to Launch Ruble-Based Stablecoin and Payment Platform on Tron
Russian state-owned giant Rostec announced that it will launch the stablecoin RUBx and payment platform RT-Pay on the Tron blockchain, which are 1:1 pegged to the ruble. As a core enterprise of the Russian military-industrial complex, the group will serve as the sole issuer and operator of RUBx, and maintain the anchor value through the "real ruble debt" stipulated by law.
The RT-Pay system will be directly connected to the Russian bank settlement network, supporting real-time transfers between enterprises and individuals and smart contract fund locking, claiming to comply with anti-money laundering and central bank regulatory requirements. The project code will be open sourced to GitHub and will be audited by CertiK. This move comes at a time when the Russian Central Bank is simultaneously piloting the digital ruble and has recently allowed financial institutions to provide crypto-related products to qualified investors.
Bahrain Central Bank Releases Licensing and Regulatory Framework for Stablecoin Issuers
According to Bahrain News Agency, the Central Bank of Bahrain announced on July 4 the launch of a licensing and regulatory framework for stablecoin issuers, aimed at ensuring the safe integration of stablecoins into the financial system. The new regulations allow licensed institutions to issue single-currency stablecoins backed by the Bahraini dinar, the U.S. dollar or other approved fiat currencies. The move aims to reduce the risks of unregulated stablecoins, enhance investor confidence and promote sustainable growth in the industry.
The central bank's executive director for market development said the move would consolidate Bahrain's position as a financial center in the Middle East. The head of the Capital Markets Supervisory Authority stressed that the new framework reflects the determination to comprehensively regulate crypto assets, including strengthening investor protection measures and market transparency. The policy was released at a fintech event co-organized by the Bahrain Economic Development Board.
Trump signs 'big, beautiful' tax and spending bill
According to Xinhua News Agency, US President Trump signed the "big and beautiful" tax and spending bill on the afternoon of the 4th, marking that this controversial bill has officially become law. The bill was passed by the US House of Representatives with a narrow margin on the 3rd, and Trump turned the signing ceremony into part of the US "Independence Day" celebration as he wished. Before the signing ceremony, Trump gave a speech to explain again why this bill is "big and beautiful", and praised the efforts of Senate Majority Leader John Thune and House Speaker Mike Johnson. This bill reflects Trump's important governing agenda, mainly including tax cuts, cuts in medical insurance and nutrition subsidy program spending, and increased military and border security spending. Members of the two parties in the US Congress have serious differences of opinion on the bill. In the vote in the House of Representatives on the 3rd, all Democratic members and two Republican members voted against it. The US media believes that the bill will increase the already high fiscal deficit of the United States by about 3.3 trillion US dollars in the next decade, and tens of millions of Americans will lose medical assistance and food subsidies.
Project News
Ethereum Foundation to provide three-year operating funding to Argot Collective
The Ethereum Foundation announced on the X platform that today the Ethereum Foundation will provide three years of operating funds to Argot Collective to support its continued work on Solidity and other key open source infrastructure of Ethereum.
Binance Wallet Exclusive TGE 29 to List BOOM
According to the official announcement, the 29th Binance Wallet exclusive TGE will launch Boom Foundation (BOOM).
- Subscription time: 4:00 pm to 6:00 pm on July 8, 2025 (UTC+8);
- Subscription qualifications: Eligible users must use Binance Alpha Points to participate;
- An additional 30,000,000 BOOM will be used for future activities, the details of which will be announced separately.
Ondo Finance to Acquire SEC-Regulated Broker Oasis Pro
Tokenization platform Ondo Finance announced that it will acquire Oasis Pro, a broker regulated by the U.S. SEC. After the transaction is completed, it will obtain U.S. securities broker, alternative trading system (ATS) and transfer agent qualifications. The acquisition aims to pave the way for the launch of tokenized stocks, and it is expected to open services to non-U.S. investors through its Global Markets platform in the coming months. As an early compliance platform established in 2019, Oasis Pro was one of the first U.S. companies approved to use fiat currency and stablecoins to settle digital securities. The ATS license that Ondo plans to obtain through the acquisition will enable it to operate a digital securities trading system. The transaction is still subject to regulatory approval, and Oasis Pro CEO Pat LaVecchia will join the Ondo team thereafter.
Trump family crypto project World Liberty Financial has formally proposed the transferability of WLFI tokens for community opinion. Regarding early supporter unlocking, part of the WLFI supply has been sold to early supporters, and a portion of these tokens will be eligible to unlock when transferability is launched; the remaining tokens will be subject to a second vote by the community to determine the unlocking and release schedule; founders, team and advisor tokens will not be unlocked initially and will be subject to a longer unlocking schedule than early supporters; the timing of unlocking and any eligibility requirements will be determined later.
If the proposal is approved, execute and achieve transferability, initiate distribution to eligible early backers, start community governance through a second vote on remaining unlocks, and continue ecosystem expansion and partner integration.
According to crypto detective ZachXBT, recently, C&M Software, a service provider of the Brazilian Central Bank, suffered a cyber attack and lost about $140 million. On June 30, 2025, the reserve accounts of six financial institutions were illegally hacked, and the attackers exchanged fiat currencies for Bitcoin, Ethereum and USDT through Latin American OTC and exchanges. According to my estimate, at least $30 million to $40 million were exchanged for cryptocurrencies. Brazilian law enforcement revealed that criminals only paid a C&M employee $2,760 (15,000 reais) to obtain his company login account and password. ZachXBT said that when the time is right, it will publish the theft address related to this incident because it has been assisting in freezing funds and tracking unmarked OTC transactions.
Binance: Users holding at least 140 Binance Alpha Points can claim 600 AIN tokens airdrop
According to Binance's official announcement, Infinity Ground (AIN) trading will start at 17:00 (UTC+8) on July 5. After trading starts, users holding at least 140 Binance Alpha points can apply for 600 AIN tokens airdrop. First come, first served, until the airdrop pool is full or the event ends. Applying for the airdrop will consume 15 Binance Alpha points. Users must confirm the claim on the Alpha event page within 24 hours, otherwise it will be deemed to have given up the airdrop.
Infinity Ground (AIN) Launches on Binance Alpha
According to the Binance wallet page, Binance Alpha has launched Infinity Ground (AIN).
Viewpoint
Derive: As BTC and ETH volatility drops in June, options traders bet on a “big rally” in July
Sean Dawson, head of research at derivatives trading platform Derive, said in the latest market report that the decline in implied volatility of Bitcoin and Ethereum in June prompted Derive.xyz traders to make arrangements this month, expecting a significant market breakthrough. Data shows that the 30-day implied volatility is on a downward trend, with Bitcoin's implied volatility falling from 44% to 36% and Ethereum's from 68% to 60%. Dawson pointed out that traders have made arrangements in advance. Although the market pulled back when the situation in the Middle East escalated in June, the volatility surged briefly, indicating that the market bet that the conflict would have limited impact and traders also accurately predicted that the conflict was controllable. Looking ahead, the platform believes that Bitcoin and Ethereum may be bullish this month and in the third quarter, but is more optimistic about Ethereum's volatility potential. Derive's probability engine shows that there is only a 10% probability that Bitcoin will break through $130,000 before the end of August, but traders are focusing on this price. However, nearly 80% of Ethereum July expiration options on the Derive platform are bullish above $3,000. Dawson believes that Robinhood’s related plans may help Ethereum break through. Traders are betting that there will be big moves in the market in July, and all eyes are on the development of multiple factors.
Coinbase director Conor Grogan tweeted that the BTC addresses (market value of about $8 billion) that have recently transferred large amounts may have been hacked or the private keys were stolen. Conor Grogan pointed out that one of the related addresses initiated a test transaction through the BCH network about 14 hours ago and transferred all BCH. About an hour later, its BTC wallet began to transfer assets. The wallet holder may be testing the private key in a low-key way, because BCH is not strictly monitored by whale monitoring services. The reason for this speculation is that other BCH wallets have not been touched at all. Conor Grogan emphasized that these are extreme speculations, but the movements here are very strange. If the speculation is true, this will be the largest theft in human history to date.
10x Research published an analysis saying that since Trump attended the Nashville Bitcoin Summit in July 2024, a major shift has been taking place behind the scenes. Eight Bitcoin wallets from the Satoshi era that had been silent for 14 years were reactivated on Friday, with a total transaction volume of $8.6 billion. These "OG" wallets have been a persistent problem in the market (potential selling pressure) and a key reason why Bitcoin has been difficult to achieve significant gains in the past six months, although there are no clear signs that these wallets intend to sell. The so-called "Mega Whales", early Bitcoin miners and long-term holders, have begun to gradually sell off their Bitcoin holdings. Early holders are gradually turning to ETFs and corporate bonds. A secret tug-of-war is unfolding between long-term "OG" holders and institutional whales, and only one side can win in the end.
Analyst: For new companies, the bonus period of Bitcoin treasury strategy may have ended
Glassnode chief analyst James Check tweeted that the Bitcoin treasury strategy is much shorter than most people expected, and it may be over for many new entrants. This is not "a measurement competition", the key is the sustainability of a company's products and strategies in the long-term Bitcoin market. Check said that newly established Bitcoin treasury companies are facing an uphill battle as investors favor early adopters. "No one wants to be the 50th treasury company."
Important data
The topic "What is a stablecoin" ranked first on the Douyin hot list
More than 26,000 new Bitcoin millionaire addresses in the first half of 2025
According to Finbold's "Cryptocurrency Market Report for the First Half of 2025", the number of addresses holding Bitcoin worth more than $1 million increased significantly in the first half of 2025. Between January 1 and June 30, 2025, the total number of wallets holding Bitcoin worth more than $1 million increased by 26,758, from 155,569 at the beginning of the year to 182,327 at the end of June. The report said that more than 26,000 new Bitcoin millionaires were created in just six months, which is one of the strongest accumulation cycles since the 2021 bull market, which may indicate a stronger market in the second half of the year.
DefiLlama data shows that the total financing of crypto projects in the first half of 2025 reached US$10.3 billion, which has exceeded the full-year scale of 2024. Among them, three iconic projects accounted for 22% of the total financing: 1. Stablecoin issuer Circle raised US$1.1 billion through its IPO on the New York Stock Exchange, and its stock price soared 500% after listing. 2. The TON Foundation associated with Telegram completed US$400 million in Toncoin token financing in March. 3. Trump-related project World Liberty Financial completed the first issuance of US$300 million in tokens on the presidential inauguration day in January, and subsequently received US$385 million through four rounds of financing. It is worth noting that Hut 8, a Bitcoin mining company associated with the Trump family, raised US$220 million to purchase mining machines during the same period. The company's co-founders include Eric Trump. Venture capital institutions predict that the industry's annual financing amount may exceed US$25 billion.
According to Whale Alert, an address that has been dormant for 14.2 years has just been activated. The address contains 10,009 bitcoins (worth $1,079,347,791), which were only worth $33,994 in 2011. It is reported that this is the eighth bitcoin address that has been dormant for more than 14 years to be activated today.
According to previous news , a Coinbase executive said that the ancient whale that transferred tens of thousands of BTC today might be a single miner from 2011 who once held 200,000 BTC.
Data: More than 30.4% of Bitcoin has not been touched in more than 5 years
According to Cointelegraph, several BTC addresses that have been dormant for 14 years have transferred billions of dollars, while more than 30.4% of Bitcoin has remained untouched for more than 5 years.
A whale deposited 1,550 BTC into Binance in the past 13 hours, worth about $167 million
According to Lookonchain monitoring, a whale has deposited 1,550 BTC (worth $167.36 million) into Binance over the past 13 hours.
