Today's News Tips
Kazakhstan plans to create national cryptocurrency reserve
Robinhood plans to launch its own blockchain and launch “stock tokens” in the EU
Circle applies for US banking license to custody USDC reserves
Rex-Osprey CEO says Solana staking ETF is expected to launch on July 2
Kraken Now Offers 60 Tokenized U.S. Stocks to Non-U.S. Users
XRP Ledger has launched EVM sidechain on the mainnet
Strategy spent about $531.9 million last week to increase its holdings by 4,980 bitcoins
Trump family-related cryptocurrency project American Bitcoin raises $220 million for Bitcoin mining
Macro & Regulation
Kazakhstan plans to create national cryptocurrency reserve
According to The Block, Timur Suleimenov, governor of the Central Bank of Kazakhstan, said the country plans to establish a national cryptocurrency reserve, with funds coming from digital assets seized in cases and tokens mined by state-owned mines. The reserve will be managed by an affiliate of the central bank and adopt a sovereign wealth fund operating model, including a single manager structure and a transparent audit mechanism. Kazakhstan currently accounts for 13% of the world's Bitcoin computing power. After the power shortage in 2022, it has implemented a miner licensing system and seized illegal mining machines worth nearly $200 million. This move makes it another national entity to deploy crypto asset reserves after many states and companies in the United States. The specific implementation framework is still being formulated, and the size of the reserve and the launch time have not yet been announced.
US amendment bill to end corruption in crypto failed to pass
U.S. Senator Jeff Merkley said on the X platform that his proposed amendment to "Ending Corruption in Crypto" was not passed due to opposition from Republicans. The bill aims to prohibit elected officials from promoting cryptocurrencies for improper benefits. The bill was rejected with 46 votes in favor and 54 votes against. Merkley complained that "no elected official should be able to use cryptocurrency plans to sell influence and enrich themselves."
Malaysia’s Securities Commission Plans to Overhaul Crypto Trading Rules
According to Crowdfundinsider, the Securities Commission of Malaysia (SC) has proposed a series of regulatory improvements to strengthen the Digital Asset Exchange (DAX) framework. The consultation document released on Monday showed that it intends to allow certain digital assets that meet minimum eligibility requirements to be listed on the DAX platform without prior approval from the SC, in order to shorten listing time, expand supply and enhance the sense of responsibility of exchange operators. The regulator also plans to strengthen the governance and operational control of DAX operators, enforce isolation of customer assets, and ensure that operational practices match risks. In addition, DAX operators need to meet higher financial thresholds to enhance operational and financial resilience, strengthen platform integrity and enhance market confidence. The SC has invited a wide range of stakeholders, including digital asset issuers, to provide feedback on the document, and the public consultation period will be from June 30 to August 11, 2025.
Fed's Bostic: Expect one rate cut this year and three next year
Fed's Bostic said, "I still expect one rate cut this year and three rate cuts next year."
US Treasury Secretary: Stablecoin legislation may be completed in mid-July
According to Jinshi, U.S. Treasury Secretary Bessant said that stablecoin legislation may be completed in mid-July, which will be a source of demand for U.S. Treasuries.
Supreme Court rejects request to shield Coinbase user data from IRS scrutiny
According to market news, the Supreme Court rejected a request to protect Coinbase user data from scrutiny by the IRS.
According to market news, the U.S. Securities and Exchange Commission (SEC) confirmed that it had received an amendment to convert the Grayscale Digital Large Cap Fund into an ETF (the fund covers BTC, ETH, XRP, SOL, ADA).
SEC Delays Decision on Bitwise Ethereum ETF Collateralization Proposal
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Bitwise's Ethereum ETF staking proposal and announced the launch of a new round of review while soliciting public comments. Previously, Bitwise proposed to add a staking feature to its Ethereum ETF, which would allow investors to participate in network security and receive rewards by locking Ethereum. Bitwise believes that this can improve investor returns without changing the ETF structure. However, the SEC expressed concerns about the investment risks and potential conflicts of interest that staking may bring, and believed that any modifications must ensure investor protection and fair trading. The SEC issued a statement on June 30, saying that it needs to further evaluate the impact of staking on investors and set up a public comment period. For now, Bitwise's Ethereum ETF will remain as it is, holding only spot Ethereum. This decision may have an impact on the staking function of similar ETFs in the future. If approved, other fund management companies may also try to add staking functions. In addition, Gregory King, CEO of Rex-Osprey, said that its Solana staking ETF is expected to be launched on July 2 .
Project News
Fragmetric Season 1 Airdrop and Staking Now Available
Solana's re-staking protocol Fragmetric announced that the first quarter airdrop collection and $FRAG staking functions are now online. Eligible airdrop recipients can claim their FRAG tokens within one month. In addition, the amount and time of staking will affect the acquisition of FVT, which can be used as voting rights in governance. Earlier news, Solana's re-staking protocol Fragmetric launched FRAG tokens, and the first round of airdrops accounted for 10% of the total.
Guoxiong Capital plans to invest 200 million yuan in Web3.0 and cryptocurrency asset fields
Guoxiong Capital Co., Ltd. announced today that it will fully enter the field of Web3.0 and cryptocurrency assets. The company's chairman Yao Shangkun said that he is optimistic about the long-term strategic value of Bitcoin and crypto assets, and believes that this field is in line with the global financial development trend and has huge growth potential. The company has been approved a special budget of 200 million yuan and plans to develop related businesses and invest in crypto assets in the next three years.
Hong Kong-listed company Pioneer Pharmaceutical Biotechnology Co., Ltd. (00399) announced the signing of a memorandum of understanding to acquire all the equity of the target company, provided that the target company completes the acquisition of Conflux blockchain-related assets. The price of the acquisition will be paid in cash, company shares or convertible bonds, and the specific amount will be determined in the formal agreement. The memorandum of understanding is valid for 12 months, during which the seller shall not negotiate or trade with other parties regarding the equity of the target company. Pioneer Pharmaceuticals hopes to expand its business into the field of blockchain technology through this acquisition, diversify its business and find new profit growth points. However, the transaction still needs to be implemented after the signing of a formal agreement. The relevant announcement will be released in due course according to the listing rules, and shareholders and investors need to act with caution. It is reported that Hong Kong stocks will be closed for one day today due to the anniversary of the establishment of the Hong Kong Special Administrative Region. According to relevant documents, Conflux's two founding members, Long Fan and Wu Ming, both serve as executive directors of Pioneer Pharmaceutical Biotechnology.
The Osmosis Foundation announced a plan to adjust the OSMO economic model in the next six months, aiming to achieve a more sustainable and value-driven ecosystem. The main updates include: increasing the OSMO destruction ratio, optimizing the community pool asset allocation, and increasing Bitcoin reserves; fixing module vulnerabilities, optimizing the distribution of transaction fees, and increasing protocol revenue; gradually reducing the inflation rate, reducing staking rewards by 50% from July, and turning to real income to support network security; improving developer token allocation calculations and improving market transparency; gradually canceling liquidity incentives and using community pool targeted expenditures or protocol-owned liquidity support instead. The roadmap goal is to achieve net deflation of OSMO by the end of 2025, increase staking income to more than 3%, and maintain stable liquidity and staking levels. The first batch of proposals will be launched in July, and community feedback will determine the extent and direction of subsequent adjustments.
Germany's largest banking group Sparkassen plans to provide retail investors with cryptocurrency trading services, including Bitcoin and Ethereum. The service is expected to be launched in the summer of 2026. The decision comes three years after its board of directors rejected the service due to volatility and risk issues. It is reported that Dekabank, a wholly-owned subsidiary of Sparkassen, will be responsible for managing its cryptocurrency services. Previously, Sparkassen executives had been critical of cryptocurrencies, calling them "highly speculative."
Trusta.AI announces $TA token economic model, 3% for airdrop
Trusta.AI officially released the $TA token economic model, with a total supply of 1 billion $TA. Among them, 25% is allocated to community incentives, 20% to foundation reserves, 18% to the team, 13% to marketing and partnerships, 9% to seed investment, 4% to strategic investment, 3% to consultants, liquidity and airdrops, and 2% to public offerings. According to previous news, Trusta Labs upgraded its brand to Trusta.AI and launched an AI proxy identity framework.
Polyhedra launches Phoenix Revival plan, launching privacy stablecoin project mainnet in September
Polyhedra announced the official launch of the Phoenix Revival plan, thanking users who supported its ecosystem during the liquidity attack on June 15. The plan is for users who staked ZKJ on Ethereum or BSC chains at 21:00 on June 15, and provides two exclusive benefits: future product rewards and ecological project airdrop whitelist qualifications. The reward ratio will be calculated based on the user's staked share (SP) at the snapshot time. Polyhedra's future products include ZKML technology, privacy stablecoins, privacy decentralized exchange Dark Pool, and ZK native Layer 1 blockchain EXPchain. Among them: ZKML's zk reasoning demonstration has been completed, supporting 8B parameter models, and Q3 2025 will launch Proof of Humanity based on zkML, and support larger-scale models and multi-GPU reasoning. The privacy stablecoin project testnet is scheduled to go online in July, and the mainnet is expected to be launched in September. Dark Pool will launch the testnet in Q4 2025 and the mainnet in Q1 2026. The EXPchain testnet is now online, and will fully support ZK verification and zkML integration in Q4 2025. Earlier news said that Polyhedra will initiate a buyback to stabilize ZKJ, and the CEO spoke out to deal with financial attacks.
Trump Official Merchandise Store Now Accepts $TRUMP Coins for Payment
The official Trump merchandise stores now support payment with $TRUMP coins, including websites such as GetTrumpFragrances.com, GetTrumpSneakers.com and GetTrumpWatches.com.
Sui Foundation Announces Winners of Sui Overflow 2025 Hackathon
The Sui Foundation announced the winners of the Sui Overflow 2025 hackathon, covering DeFi, entertainment culture, payment wallets and other fields. A total of 599 project submissions were received, and 36 winning projects were finally selected from nine tracks, and there were also 10 winning projects in the university group. Magma Finance in the DeFi track won the championship with AI optimization of revenue strategy; in the entertainment culture track, GiveRep won the first place by incentivizing positive contributions through blockchain and AI; in the payment wallet track, PIVY won the championship with a privacy payment tool. In addition, SuiSQL took the lead in the infrastructure and tools track. This hackathon also includes a special university award, and student teams such as SuiFL and Sui Battle AR have demonstrated innovative applications of blockchain in education, games and other fields. There were 195,000 votes in the community voting session, and 28 voters finally won the community award for accurately predicting the winning projects of the track.
Katana mainnet is officially launched, and a 1 billion KAT token incentive plan is launched
The Katana mainnet incubated by Polygon and GSR is now officially online, with pre-deposits exceeding US$240 million. At the same time, a two-year 1 billion KAT token liquidity mining incentive plan was launched. Users can participate in yield mining and other DeFi activities through the Katana application. Currently, users can bridge core assets (such as USDC, USDT, AUSD and ETH) through the Katana beta application, and make deposits, earnings and asset management on the platform. Native bridging functions supporting assets such as WBTC and WETH will be launched in the next few days. Katana's core economic mechanisms include VaultBridge, on-chain liquidity (CoL) and AUSD, etc., aiming to provide deep liquidity and sustainable returns. Early depositors have begun to earn income through Yearn V3 vaults, while enjoying KAT token rewards and additional incentives from Morpho and Sushi. According to the plan, KAT tokens will be unlocked on February 20, 2026 or earlier, when holders can become vKAT holders by staking KAT and participate in the governance and income distribution of the liquidity pool. According to previous news, the Katana chain incubated by Polygon and GSR was officially launched, and Katana will airdrop about 15% of KAT tokens to users.
Circle applies for US banking license to custody USDC reserves
According to Reuters, stablecoin issuer Circle has applied for a U.S. national banking license, which will allow it to serve as a custodian of USDC reserves and hold crypto assets for institutional clients. However, the license does not allow Circle to accept cash deposits or make loans like traditional banks. Circle plans to name the entity regulated by the U.S. Office of the Comptroller of the Currency (OCC) as First National Digital Currency Bank, NA Analysts believe that Circle's USDC may become the largest regulated stablecoin under the GENIUS Act, giving it a "regulatory advantage." Currently, USDC has a market value of $61.5 billion.
Coinbase International will launch Sahara AI and Maple Finance perpetual contracts
According to the official announcement, Coinbase International Station announced on the X platform that it will add support for Sahara AI and Maple Finance perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The SAHARA-PERP and SYRUP-PERP markets will be open at or after 17:30 on July 3rd, Beijing time.
Binance Alpha adds NodeOps (NODE)
According to the official page, Binance Alpha has added NodeOps (NODE).
Robinhood plans to launch its own blockchain and launch “stock tokens” in the EU
According to Fortune magazine, online brokerage Robinhood is actively expanding its cryptocurrency business. On Monday, the company announced that it would allow EU customers to trade US stocks and ETFs on the blockchain, launching "Robinhood Stock Tokens". These tokens present popular company stocks in the form of cryptocurrencies, are commission-free, and holders can receive dividends in their app. Customers can trade stock tokens representing more than 200 companies, 24 hours a day, 5 days a week. These stocks were initially issued on Arbitrum and will be migrated to the company's own Layer2 chain (tentatively named Robinhood Chain). Although the launch time of the new blockchain has not been specified, the new chain will support 24-hour trading. In addition, Robinhood also allows European users to trade cryptocurrency perpetual futures, and supports US customers to pledge cryptocurrencies (Ethereum and SOL are supported in the initial stage).
Later in the day, it was reported that Robinhood plans to expand the types of tokenized U.S. stocks it supports to “thousands” by the end of the year ; Robinhood EU will give stock tokens of Open AI and Space X to EU users .
XRP Ledger has launched EVM sidechain on the mainnet
According to The Block, Ripple's XRP Ledger has launched an EVM sidechain on the mainnet, supporting developers to build, migrate and deploy cross-chain and Ethereum-compatible applications in its ecosystem. The XRPL EVM sidechain runs in parallel, combining the low-cost transactions of the XRP Ledger with the smart contract functions of Ethereum, providing an optimized infrastructure for the development of new decentralized applications (such as lending, tokenization, and payments). The sidechain was developed in collaboration between Ripple, Peersyst, and Axelar, using the Evmos software stack. Although the XRP ledger previously had limited smart contract capabilities and did not support EVM, Flare Network has provided this functionality through the EVM compatibility layer. The sidechain connects to the XRPL mainnet through Axelar, transfers and encapsulates XRP as a native GAS token, and has attracted DeFi projects such as Band Protocol, and will integrate the cross-chain protocol Wormhole in the future.
Zhao Changpeng: Requested to place Bitcoin ads on Las Vegas Sphere in 2023
Zhao Changpeng commented on the "giant Bitcoin logo displayed on the Las Vegas Sphere" and said that he had asked Binance to sponsor Bitcoin advertising on the Sphere in 2023 (without any Binance logo or mention) and paid some deposits, but it failed to materialize due to "other interferences". It is gratifying to see that the advertisement is now implemented. In addition, Zhao Changpeng emphasized that he did not know who sponsored the advertisement now.
Strategy has been included in the Russell 200 Value Index
According to Bitcoin News, the Russell Top 200 Value Index has added a new Strategy.
Kraken Now Offers 60 Tokenized U.S. Stocks to Non-U.S. Users
Kraken announced on the X platform that Wall Street has officially entered the on-chain era. xStocks is now available on the Kraken platform. 60 US stocks have been tokenized and can be traded 24 hours a day, 5 days a week. More stocks will be available soon. Note: This service is not open to the United States or US people, and there are geographical restrictions. Earlier news, Kraken will provide more than 50 tokenized stocks and ETFs, covering Apple, Tesla, and Nvidia stocks.
Paxos follows MiCA framework to launch stablecoin USDG for EU users
According to The Block, on Tuesday, Paxos launched the stablecoin USDG for users across the European Union, a stablecoin pegged to the US dollar supported by a consortium including Robinhood, Kraken, Galaxy Digital and Anchorage Digital. USDG is issued by Paxos' European entity Paxos Issuance Europe OY, which is regulated by the Finnish Financial Supervisory Authority and follows the EU's Crypto Asset Market Regulation framework. Paxos deposits part of its cash reserves in European banks and promises 1:1 redemption to meet MiCA's asset reserve and audit requirements. Despite the tightening of EU crypto regulation, the market demand for US dollar stablecoins has increased significantly. Walter Hessert, Paxos' head of strategy, said that the stablecoin issued by Paxos can be traded on platforms such as Kraken, Gate, CoinsPaid and Zodia Custody, and circulates on Ethereum, Ink and Solana blockchains, providing 450 million EU residents with a compliant US dollar stablecoin.
Upbit Partners with South Korean Search Engine Giant Naver on Won-Based Stablecoin Payment Project
According to KBS, South Korean crypto exchange Upbit has reached a cooperation with local search engine giant Naver to jointly develop a stablecoin payment system based on the Korean won. Dunamu, the operator of Upbit, will cooperate with Naver's payment platform Npay on the project. A Dunamu spokesperson said that the project is expected to be led by Npay, with Dunamu playing a supporting role. The two companies intend to formally finalize the specific details and scope of the cooperation after the regulatory framework is formed.
According to Decrypt, Australian crypto exchange Swyftx will acquire boutique digital asset brokerage Caleb & Brown, which is regarded as the largest cryptocurrency acquisition in Australia and New Zealand to date. The deal was disclosed to employees last week and is expected to significantly expand Swyftx's business in the United States, as Caleb & Brown has accumulated a client base of high-net-worth cryptocurrency investors in the United States. According to anonymous sources, the acquisition deal is worth more than 100 million Australian dollars (about 65.8 million US dollars). Three months ago, Swyftx also agreed to acquire Easy Crypto, the largest cryptocurrency exchange in New Zealand. After the transaction is completed, its geographical coverage will be the widest and the team members will be close to 300. Caleb & Brown was founded in 2016 and custody more than $1.2 billion in digital assets. Swyftx intends to expand Caleb & Brown's team of relationship managers and position the merged group as an alternative for wealthy investors seeking customized, around-the-clock support.
BUGSCOIN (BGSC) is now available on Binance Alpha. Eligible users can use Binance Alpha Points to claim 7,360 BGSC tokens on the event page. The event is limited to 24 hours. The airdrop will be distributed in two stages: at least 210 Alpha Points must be held in the first 18 hours, and at least 170 Alpha Points must be held in the last 6 hours. The airdrop pool is first come first served.
Institutional holdings
London-listed company Anemoi increases Bitcoin investment from 30% to around 40%
London-listed Anemoi International has increased its investment in Bitcoin from 30% to about 40% of its cash reserves. The investment was made through an ETF (code BTGD), which provides dual exposure to both Bitcoin and gold, and leverages 200% nominal exposure, with $1 in Bitcoin and $1 in gold exposure for every $1 invested. The company's board of directors said that this financial strategy is "completely complementary" to its core business. In addition, Anemoi also mentioned that the current situation of the U.S. federal deficit accounting for about 123% of GDP was one of the reasons for its investment decision. Earlier news said that Anemoi invested 30% of its cash reserves in Bitcoin as a new financial strategy.
CyberStep, the operator of the well-known Japanese online claw machine game Toreba, announced that it will start a new business of strategic reserve and operation of crypto assets from July 1, with a maximum investment of 1 billion yen. The new business will be managed by its newly established strategic department Cryptech Capital, which aims to build a new revenue base and accelerate its expansion into the Web3 field. The company plans to establish a "self-circulating token economy" to exchange tokens generated by its Web3 services for mainstream crypto assets such as Bitcoin and Ethereum as corporate asset reserves. As a specific example, its blockchain game Eggle allows users to obtain Eggle Energy Token ($ENG) in the process of cultivating NFT characters, which will be included in the strategic investment scope of the new business. Cryptech Capital will also invest in BTC, ETH and other potential tokens, aiming to achieve dual benefits through asset appreciation and liquidity provision. The initial budget is 200 million yen, and it is expected to gradually expand to 1 billion yen by May 2026.
Nasdaq-listed company LGHL announced that it has purchased HYPE, SOL and SUI worth $5 million.
According to PRNewswire, after completing the first HYPE token purchase, Nasdaq-listed Lion Group Holding Ltd. (LGHL) announced that it would continue to increase its holdings and has now accumulated approximately $5 million worth of HYPE, SOL and SUI for its cryptocurrency Layer-1 asset reserves. In addition, the company disclosed that it is currently evaluating more participation in these ecosystems, including validator operations, governance participation and ecosystem partnerships.
BitMine announces $250 million private placement and launches Ethereum financial strategy
According to PR Newswire, Bitcoin mining company BitMine (NYSE AMERICAN: BMNR) announced the pricing and signing of a private placement agreement to purchase and sell 55,555,556 shares of common stock (or common stock equivalents in lieu thereof) at $4.50 per share, with an estimated total proceeds of approximately $250 million, excluding placement agent fees and other issuance expenses, to implement the Ethereum financial strategy. The transaction was led by MOZAYYX, with participation from investors including Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management and Thomas Lee. The offering is expected to be completed on or about July 3, 2025, subject to customary closing conditions. The company plans to use the net proceeds from the offering to purchase Ethereum and invest ETH in the company's financial operations. ETH will serve as the company's main financial reserve asset.
Strategy spent about $531.9 million last week to increase its holdings by 4,980 bitcoins
According to official news, Strategy (formerly MicroStrategy) spent about $531.9 million to purchase 4,980 bitcoins at a price of about $106,801 per bitcoin between June 23 and June 29; its bitcoin investment return rate has reached 19.7% since the beginning of 2025. As of June 29, 2025, the company holds 597,325 bitcoins, which were purchased at a price of about $70,982 per bitcoin, with a total cost of about $42.4 billion.
Viewpoint
According to Matrixport analysis, Bitcoin has recorded increases in July 7 times in the past 10 years, with an average increase of 9.1%. Even in the years of decline, the decline was only in the single digits, and in the years of rise, there were two strong double-digit rebounds. With the arrival of July, the market's bullish sentiment is gradually heating up, and the historical trend may be repeated. Analysts believe that Bitcoin may challenge the $116,000 mark in the next few weeks.
Bitfinex Alpha: BTC generally performs weaker in Q3, with an average return of 6%
According to the Bitfinex Alpha report, Bitcoin is currently consolidating in the range of $100,000 to $110,000, after rising nearly 50% from the low of $74,600 in April. The recent narrowing of price fluctuations reflects the cooling of on-chain and derivative market activities, with reduced spot trading volume, weakening buying pressure and a drop of more than 7% in open interest, indicating that the market is transitioning from a strong rise to a volatile phase. The realized price for short-term holders is about $98,700, and it has attracted buying as a key support point many times recently. Looking ahead, historical data shows that Bitcoin usually performs weakly in the third quarter, with an average return of 6%. Price volatility is expected to decrease further, and the trend may continue to fluctuate in the range. In terms of macroeconomics, the slowdown in US consumer spending coexists with high inflation. Personal income and spending both fell in May, and core inflation rose to 2.7%. The possibility of the Federal Reserve cutting interest rates in the short term has weakened, and the policy focus remains on balancing price stability and economic growth risks.
Goldman Sachs' economic research team has recently predicted that the Federal Reserve may start cutting interest rates as early as September this year, and cut interest rates by 25 basis points at each of the September, October and December meetings, lowering the terminal interest rate expectations from 3.5%-3.75% to 3%-3.25%. Goldman Sachs believes that the weaker-than-expected inflationary impact of tariffs, a weak labor market and data volatility may have contributed to this result. Goldman Sachs analysts pointed out that if the employment data this week performs poorly, the probability of a rate cut will increase further, but no action is expected at the July meeting. In contrast, Morgan Stanley analysts believe that the Fed is less likely to cut interest rates in the near future, especially at the July meeting. Morgan Stanley expects the upcoming employment report to remain solid, and although the growth rate will slow down, it will not be enough to prompt the Fed to accelerate its actions. In addition, Chicago Fed President Goolsbee said that the current unemployment rate and inflation levels in the United States are far below the stagflation levels of the 1970s, and tariffs or supply shocks are unlikely to trigger a similar crisis in the short term. Atlanta Fed President Bostic believes that the full impact of Trump's tariffs has not yet appeared, and expects that the Federal Reserve may only cut interest rates once this year.
Mining News
Trump family-related cryptocurrency project American Bitcoin raises $220 million for Bitcoin mining
According to Bloomberg, American Bitcoin, a cryptocurrency project associated with the Trump family, raised $220 million through the issuance of new shares to purchase Bitcoin and digital asset mining equipment. Part of the equity is traded in Bitcoin instead of US dollars and is worth about $10 million. American Bitcoin is backed by Eric Trump, and its major shareholder Hut 8 Corp plans to take the company public through a merger with Gryphon Digital Mining Inc. The project is one of many efforts to introduce Bitcoin to the public trading market. Hut 8 has previously handed over mining equipment to American Bitcoin in exchange for an 80% stake, and plans to further expand to Dubai. In addition, the Trump family has been actively involved in a number of cryptocurrency-related projects aimed at promoting the United States as the "crypto capital."
Important data
Trump family crypto project WLFI posted on the X platform that for the first time in history, the 24-hour trading volume of the stablecoin USD1 surpassed USDC (another stablecoin), reaching a record high of US$3.37 billion, becoming the world's second most used stablecoin after USDT.
The difficulty of Bitcoin mining has dropped by 7.48% to 116.96 T yesterday
Cloverpool data shows that the difficulty of Bitcoin mining has been adjusted at block height 903,168 (2025-06-29 13:23:16), with the difficulty reduced by 7.48% to 116.96 T. According to Bitcoin News analysis, this is the largest drop since China banned mining in 2021. The drop is related to the closure of US miners due to extreme heat and unconfirmed reports of power outages that affected Iranian miners, who contribute 4% of the global computing power.
Whales redeemed and transferred more than 68,000 ETH to CEX in 3 weeks, worth about $165 million
Move Foundation Reserve Wallet Receives 45 Million $MOVE from Binance, Currently Holds 168 Million
The Royal Government of Bhutan deposited 137 BTC worth $14.77 million to Binance 20 minutes ago
