Today's News Tips
Vitalik: If decentralization is just a slogan, Ethereum will be at risk
Ripple's subsidiary Standard Custody applies for a Fed master account
Jupiter's token creation launch platform Jupiter Studio is officially launched
Binance Wallet Exclusive TGE 28th to List Palio (PAL)
OpenAI denies authorizing Robinhood to launch tokenized stocks
Regulation & Macro
U.S. House Speaker Johnson said that the final vote on the "Big, Beautiful Act" will be held at 8 am today (20:00 Beijing time).
The U.S. Department of Justice announced the crackdown of the largest health insurance fraud case in history, prosecuting 324 defendants and involving more than $14.6 billion in false claims. The operation also seized more than $245 million in cash, cryptocurrencies, luxury cars and other assets. At the same time, the Centers for Medicare and Medicaid Services (CMS) prevented more than $4 billion in fraudulent payments by suspending or revoking the billing rights of 205 providers. The "Gold Operation" case involved in the case accounted for $10.6 billion in fraud and was related to organized crime in Russia, Estonia and Kazakhstan.
U.S. Treasury Secretary: Fed may cut interest rates in September or "earlier"
U.S. Treasury Secretary Scott Bessant said on Tuesday that he believes the Federal Reserve may cut interest rates in September or "earlier" because the tariffs imposed by President Trump have only caused mild inflation so far. He made the above remarks on Fox News' "Ingraham View" program at a time when his boss, President Trump, is increasing pressure on the Federal Reserve and Chairman Powell to cut interest rates by as much as 3 percentage points.
U.S. ADP employment fell by 33,000 in June, the largest drop since March 2023
According to Jinshi, the number of ADP jobs in the United States fell by 33,000 in June, the largest drop since March 2023.
Later in the day, traders increased their bets that the Federal Reserve will cut interest rates at least twice by the end of 2025 .
Hungarian Central Bank Rules Out Inclusion of Any Crypto Assets
According to Zhitong Finance, Hungarian central bank official Kuraly said that the central bank is evaluating its international reserve strategy and excludes the possibility of including any crypto assets.
IMF Rejects Pakistan’s Bitcoin Mining Energy Plan
According to Cryptonews, the International Monetary Fund (IMF) has rejected Pakistan's plan to provide preferential electricity prices for cryptocurrency mining. The Secretary of Pakistan's Ministry of Power told the Senate Electricity Committee that the IMF believes the plan could increase the burden on the power system and cause market distortions. The Pakistani government is currently renegotiating the electricity subsidy program with international organizations. The Senate Electricity Committee also discussed technical solutions to combat power theft and asked the power sector to submit detailed responses to related issues before the next meeting.
Project News
Swiss Bank AMINA supports Ripple stablecoin RLUSD custody and trading
Swiss bank AMINA announced the launch of custody and trading services for Ripple's stablecoin RLUSD, becoming the first global bank to support the stablecoin. Earlier news, Ripple applied for a US banking license after Circle, and its subsidiary Standard Custody applied for a Federal Reserve master account.
Jupiter's token creation launch platform Jupiter Studio is officially launched
Jupiter's token creation launchpad, Jupiter Studio, is officially launched. Users can quickly launch tokens through preset templates, or choose advanced customization options, including support for initial minting of USDC, SOL or JUP, setting market caps and flexible token vesting schedules. 50% exchange fee income, post-graduation LP unlocking mechanism, anti-sniping protection mechanism, and up to 80% token vesting and unlocking plan.
Later news came out that the Jupiter Core Working Group (CWG) will be disbanded and all 4.5 million JUP will be returned to the DAO .
According to the Financial Times, PayPal co-founder Peter Thiel and other tech billionaires plan to set up a bank called Erebor, focusing on serving startups in the fields of cryptocurrency, artificial intelligence, manufacturing and defense technology. Erebor has applied for a national banking license from the U.S. Office of the Comptroller of the Currency. The bank aims to fill the market gap left by the collapse of Silicon Valley Bank (SVB). It is reported that SVB has provided services to cryptocurrency companies and other venture-backed startups including BlockFi, Circle and Avalanche, but went bankrupt in 2023 due to financial investment mistakes. Erebor was led by Palmer Luckey, co-founder of defense technology company Anduril, and supported by Palantir co-founder Joe Lonsdale and Founder Fund founded by Thiel. The two co-CEOs are Owen Rapaport, co-founder of software company Argus, and Jacob Hirshman, former Circle consultant. Erebor plans to include stablecoins on its balance sheet, but has not yet specified the specific currency.
Earlier news, the Financial Times reported that Silicon Valley tycoons are planning to set up banks to support cryptocurrency companies.
The share price of Hong Kong-listed company Duodian Digital Intelligence (02586) once soared by nearly 90%. As of press time, it rose by 45.38% to HK$13. According to financial reports, Duodian Digital Intelligence is preparing to apply for a stablecoin license in Hong Kong. Tang Yifan, the company's vice president and chief financial officer, said that the entry of virtual assets into the Web3 field brings huge opportunities, and the penetration rate of cryptocurrencies in global business continues to increase, and has become an important part of diversified investment. Duodian Digital Intelligence is optimistic about cryptocurrencies in the long term, has allocated Bitcoin, and actively promotes stablecoin and cryptocurrency strategies, while recruiting talents from leading companies in the industry such as Amber Exchange and Crypto.com. In addition, in February this year, Duodian Digital Intelligence signed a strategic cooperation agreement with HashKey Group, and the two parties will cooperate in depth in the fields of digital asset trading, Web3 technology development and blockchain ecosystem construction.
Ripple's subsidiary Standard Custody applies for a Fed master account
Ripple submitted an application for a federal banking license to the U.S. Office of the Comptroller of the Currency (OCC) on Wednesday. If approved, Ripple will be regulated by the OCC, and its stablecoin RLUSD will also be included in the regulatory scope. In addition, Ripple plans to provide more crypto services through the banking license. At the same time, Ripple's subsidiary Standard Custody & Trust Company also applied for a Federal Reserve master account this week, which will enable Ripple to deposit RLUSD reserves directly with the Federal Reserve. It is worth mentioning that Circle also submitted an application for a federal banking license to the OCC on Monday, planning to serve as its reserve custodian and hold crypto assets for institutional clients.
Vitalik: If decentralization is just a slogan, Ethereum will be at risk
According to CoinDesk, Ethereum co-founder Vitalik Buterin warned at the EthCC conference in France that if decentralization remains at the slogan level, Ethereum will face an existential crisis. He proposed three core testing standards: 1. Exit test (whether user assets are safe after the project disappears); 2. Internal attack test (the ability of the system to resist internal evil); 3. Trusted computing foundation test (the amount of code required to trust to protect user assets). Buterin pointed out that most current Layer2 networks and DeFi projects rely on tamperable backdoors or centralized front-ends, and privacy solutions often expose user transaction history due to reliance on third-party logins. He emphasized the need to set privacy as a default function and streamline the code trust foundation. On the tenth anniversary of the launch of the Ethereum mainnet, he warned that if true decentralized protection cannot be achieved, Ethereum may repeat the mistakes of other technologies that were short-lived.
OpenAI denies authorizing Robinhood to launch tokenized stocks
OpenAI stated on the social media platform X that the so-called "OpenAI tokens" launched by Robinhood were not authorized or supported by cooperation. OpenAI emphasized: "These tokens are not OpenAI's equity. We have not cooperated with Robinhood and do not approve of this behavior. Any transfer of OpenAI equity requires our approval, but we have not approved it."
Warning: Dozens of fake wallet plugins flood Firefox Store to steal cryptocurrency
According to BleepingComputer, security company Koi found more than 40 fake crypto wallet extensions in the official Firefox browser plug-in store, impersonating mainstream wallets such as MetaMask and Coinbase Wallet. These malicious plug-ins steal input content of more than 30 characters (mainly for mnemonics) by implanting event monitoring code and transmit the data back to the attacker's server. The investigation shows that the phishing campaign has been going on since at least April 2025, and the group behind it is suspected to be a Russian hacker group. Researchers remind users to check the authenticity of developer information and download volume when installing wallet extensions.
Belgian bank KBC to launch Bitcoin and Ethereum trading services for retail customers
According to Cointelegraph, KBC, one of the largest banks in Belgium, plans to provide Bitcoin and Ethereum investment services to retail customers through its investment platform Bolero, which is expected to obtain regulatory approval this fall. A spokesperson for the bank said that it will focus on investor education, asset security and compliance operations to create a safe investment environment. If successfully implemented, KBC will become the first mainstream bank in Belgium to launch cryptocurrency services for retail customers.
According to data provided by Bloomberg ETF analyst Eric Balchunas, the first Solana staking ETF (ie REX-OSPREY SOLANA ETF) SSK had a trading volume of $33 million yesterday, far exceeding the average performance of Solana futures ETFs and XRP futures ETFs and ordinary ETFs, but still lower than the trading volume of Bitcoin and Ethereum spot ETFs. Earlier news, REX-OSPREY SOLANA ETF has officially launched.
According to previous news, Anchorage Digital was appointed as the exclusive custody and pledge service provider for the REX-Osprey SOL spot ETF .
According to CoinDesk, Bitcoin Layer2 network BOB has launched the testnet ahead of schedule, and the mainnet is scheduled to go online in the fourth quarter of 2025. The project is built on the BitVM computing paradigm and aims to support DeFi services through Bitcoin native assets (non-encapsulated form). Its cross-chain bridge technology allows BTC to be freely transferred between Rollup and the mainnet. BOB co-founder Alexei Zamyatin emphasized that this solution is fundamentally different from encapsulated asset models such as Stacks, similar to the native properties of ETH in Ethereum Rollup. The testnet has received support from institutional nodes such as Lombard, Amber Group, and RockawayX, and these operators will participate in BitVM bridge verification.
Crypto detective ZachXBT said on the X platform that his investigation found that since January 1, 2025, more than $16.58 million in payments have flowed to North Korean IT personnel hired as developers by various projects and companies, with an average of $2.76 million per month. Calculated at a monthly salary of $3,000-8,000 per person, it is equivalent to at least 345 to 920 positions being infiltrated. Among the six clusters he monitored, one cluster successfully tracked down eight North Korean information technology workers working in more than 12 projects, and the payment address funds flowed to two aggregated addresses. There are other suspicious situations in this cluster, such as refusing to meet offline but claiming to be in the same city, recommending each other for employment, abnormal IP addresses, changing usernames, deleting accounts, paying at the same address, and failing KYC checks.
According to Zhitong Finance, Kingkey Financial International (01468), a Hong Kong-listed company, announced on June 30, 2025 (after trading hours) that it had signed a subscription agreement with Amber International Holding Limited. According to the agreement, Kingkey Financial International will subscribe for 5.7416 million Class A common shares issued by Amber International at a price of approximately US$12 million, with a subscription price of US$2.09 per share. The announcement pointed out that this subscription is a strategic financial investment and an important step in the group's diversified investment portfolio, aiming to enter the field of institutional encryption services, which is consistent with the previous announcement on exploring digital assets.
Coinbase has acquired token management platform Liquifi
According to Fortune magazine, crypto exchange Coinbase announced the acquisition of token management platform Liquifi, which is its fourth acquisition completed in 2025. Aklil Ibssa, head of corporate development at Coinbase, declined to disclose the specific terms of the deal. Liquifi has received $5 million in seed round financing led by Dragonfly. Its clients include well-known projects such as the Uniswap Foundation and OP Labs, and it mainly provides services such as token attribution and tax management. Aklil Ibssa, head of corporate development at Coinbase, said that this acquisition will improve its full-cycle service capabilities from token creation to listing.
Italian Banking Group Banca Sell to Test Custody Services for Stablecoins and Other Digital Assets
According to Bloomberg, people familiar with the matter revealed that Italian banking group Banca Sella Holding SpA is conducting an internal pilot project to test custody services for digital assets such as stablecoins. The person familiar with the matter said that Sella has been working with technology provider Fireblocks to carry out the pilot. They also said that the banking group currently only allows a limited number of professional employees to hold digital assets within the company, and may extend this service to customers in the future.
North Korean hackers use fake Zoom update to spread macOS malware 'NimDoor' targeting crypto firms
According to The Block, cybersecurity company SentinelLabs recently discovered that North Korean hacker groups used a new "NimDoor" macOS backdoor program to attack cryptocurrency companies. The malware spreads through forged Zoom update packages and can steal browser passwords, Telegram data, and encrypted wallet files. The attacker first contacts the target on Telegram, arranges a meeting through Calendly, and induces the victim to download the infected "Zoom update." The backdoor is written in the unpopular programming language Nim and can bypass Apple's security detection. Once installed, a login item will be automatically created to run continuously and download subsequent attack modules. Security experts recommend that cryptocurrency companies take three protective measures: block unsigned installation packages, download updates only from the zoom.us domain name, and review the Telegram contact list.
Binance Wallet Exclusive TGE 28th to List Palio (PAL)
According to the official announcement, the 28th Binance Wallet exclusive TGE will launch Palio (PAL), and the TGE details and event page will be released soon. Subscription time: July 7, 2025, 4:00 pm to 6:00 pm (UTC+8); Subscription qualifications: Eligible users must use Binance Alpha Points to participate; An additional 40,000,000 PAL will be used for future activities, and specific details will be announced separately.
Binance Alpha announces ICNT airdrop details and thresholds, which will be distributed in two phases
PANews reported on July 3 that Binance Alpha released an announcement to update the Impossible Cloud Network (ICNT) airdrop details. The ICNT airdrop will be distributed in two phases: Phase 1 (first 18 hours): Users with at least 214 Alpha points can apply. Phase 2 (last 6 hours): Users with at least 140 Alpha points can participate in the second phase of the airdrop, first come first served, until the airdrop pool is full or the event ends. Please note that claiming 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 waived the claim. Pre-check can be conducted within 15 minutes before the start of the rush purchase phase, and face recognition can be exempted within 30 minutes after passing.
Binance announced that MemeCore (M) has been launched on Binance Alpha and an airdrop event has been launched. Eligible users can receive 1,000 M tokens in two phases: the first phase is 18 hours before the event, and users must have at least 214 Binance Alpha points; the second phase is the last 6 hours, and users must have at least 140 points. The distribution will be based on a first-come, first-served basis until the airdrop pool is distributed or the event ends.
Bithumb adds Humanity Protocol (H) and Mantra (OM) Korean Won trading markets
Binance Alpha to List Infinity Ground (AIN) on July 5
Upbit to launch MOODENG Korean Won, BTC and USDT trading
Coinbase Adds Sky (SKY) and USDS (USDS) to Listing Roadmap
Institutional holdings
C2 Blockchain, a US-listed company, announced that it has signed a letter of intent (LOI) with ART Digital Holdings Corp., planning to acquire a 20% stake in the McAllen project for $1 million. The project supports high-density computing applications such as blockchain mining and AI computing, has a 10 megawatt computing capacity and can be expanded to 30 megawatts. The transaction is expected to be completed within 30 working days. The final agreement is signed. In addition, C2 Blockchain announced that it has increased its holdings of 2.286 million DOG tokens, bringing the total holdings to 5.912 million, further advancing its publicly traded "vault-backed" meme coin reserve plan.
DeFi Development Corp discloses $112.5 million private placement to fund SOL purchases
According to The Block, Solana Ecosystem listed company DeFi Development Corp (stock code DFDV) disclosed details of a $112.5 million private placement, which will be used mainly to increase holdings of SOL tokens. The transaction includes a "prepaid forward" stock purchase agreement, which allows investors to hedge risks by establishing short positions. According to the announcement, $75.6 million of the convertible notes issued by the company will be used for the aforementioned hedging transactions, and the remaining funds will be used for corporate operations and SOL acquisitions. The company's holdings at the end of May showed that it held 621,313 SOLs (about $107 million), and it also obtained a $5 billion credit line in June.
Addentax signs $1.3 billion term sheet to acquire 12,000 bitcoins
According to PR Newswire, Nasdaq-listed clothing manufacturer Addentax Group Corp. announced that it has signed a non-binding term sheet with a major independent Bitcoin holder to purchase up to 12,000 Bitcoins, a significant increase in the potential acquisition size from the 8,000 Bitcoins initially discussed in the company's press release on May 15, 2025. Based on current market prices, the total market value of the proposed acquisition is approximately US$1.3 billion. If the transaction is completed, the transaction will be settled by issuing newly issued common shares of the company.
According to Businesswire, 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 in Bitcoin as part of the company's long-term capital preservation and product innovation strategy.
Viewpoint
Arthur Hayes pointed out in his latest article that although he is optimistic about the long-term performance of Bitcoin and digital assets, there may be a temporary contraction in US dollar liquidity in the short term due to Trump's "Big Beautiful Act". He said that the bill will raise the debt ceiling, and the Treasury may replenish the Treasury Account (TGA) balance from $364 billion to $850 billion by issuing debt, which may trigger a liquidity contraction of $486 billion. Hayes predicts that the market may go sideways or fall slightly before the speech of Federal Reserve Chairman Jerome Powell at the end of August. If the TGA replenishment has a negative impact on US dollar liquidity, the price of Bitcoin may drop to the range of $90,000 to $95,000; if the impact is limited, Bitcoin may fluctuate in the range of $100,000, but it will be difficult to break through the historical high of $112,000. It is expected that by early September, after the debt ceiling issue is resolved, the market bulls will regain the upper hand as money creation accelerates. It is expected that Bitcoin may rise 10 times to $1 million by 2028, while the Nasdaq 100 index may soar to 100,000 points.
According to 10x Research, Bitcoin has experienced capital outflows for 98 consecutive days and is currently testing the upper limit of its consolidation range. Despite strong ETF inflows, continued declines in exchange balances, and political pressure on the Federal Reserve, Bitcoin prices have remained relatively stable. With the arrival of the traditional bull market season in July and the upcoming release of labor market data, the market may be brewing a major breakthrough. The report pointed out that the key factors supporting Bitcoin's rebound since late April have not only continued to exist, but have also received further support. Bitcoin is currently trying to break through the key $110,000 level, and low volatility provides investors with a rare opportunity to layout.
Important data
According to Bloomberg, US President Trump's wealth has undergone a dramatic shift, with cryptocurrency investments injecting at least $620 million into his assets. Although his net worth appears stable - only slightly down from $6.5 billion on election day to $6.4 billion today - a deeper analysis shows that his business empire is shifting from traditional real estate to the volatile but potentially lucrative world of digital assets.
Binance has released the performance data of the Alpha airdrop project in June 2025, covering the airdrop returns of multiple digital assets. The data shows that some projects have achieved significant returns on the first day of the airdrop and at the historical high (ATH). For example: LA: 160 tokens per user, the first day return reached $148, and the ATH return was as high as $264. AB: 9,882 tokens per user, the first day return was $105, and the ATH return was $155. SAHARA: 1,000 tokens per user, the first day return was $95, and the ATH return was $147. SPK: 2,000 tokens per user, the first day return was $115, and the ATH return was $140. In total, the total return of the June airdrop was $2,006 (first day) and $2,684 (ATH) per user.
Analysis: 56 VC-backed tokens have been listed this year, 3 of which have FDV exceeding $1 billion
Crypto analyst @ahboyash posted on the X platform that as of mid-2025, 56 venture-backed tokens have been listed. Of these, 45 tokens have a fully diluted valuation (FDV) of $50 million to $1 billion when they are listed (accounting for 80% of the total number of projects), 8 tokens have an FDV of less than $50 million, and 3 tokens have an FDV of more than $1 billion (Kaito, Story Protocol, and Walrus). It is worth noting that venture capital firms usually invest in the seed round, when the project valuation is generally $20 million to $100 million FDV; after the token generation event (TGE), the venture capital tokens will be locked for about 3 years, and after the restricted sale period + vesting period, the valuation may further plummet; the token trading price of some projects is already lower than the valuation of the previous round of financing (that is, investors have already suffered losses).
MELANIA team unlocks 25 million tokens worth approximately $5.25 million
