Binance Alpha to List CROSS(CROSS)
Binance Alpha will list CROSS (CROSS). Trading will be open on July 4, and the specific time will be announced separately. Eligible users can go to the Alpha event page after Alpha trading is open and use Binance Alpha points to claim the airdrop. Details will be announced on July 4.
Bitcoin Layer2 network Botanix mainnet launched, reducing block time to 5 seconds
According to official news, Botanix Labs, the development team of Botanix, announced today that its Bitcoin native blockchain project Botanix mainnet has been officially launched. The mainnet has now integrated applications such as GMX and Dolomite, and has been connected to ecological partners such as Chainlink and Fireblocks. At the same time, a number of native projects focusing on building applications on the Botanix network have also been launched simultaneously, including Arch, Bitzy, Palladium and Rover. With the launch of the Botanix mainnet, users' trading experience will be greatly improved, the block time will be shortened from 10 minutes to 5 seconds, and the average transaction fee will be only about US$0.02.
Now, users can trade, borrow, pledge, pay, make markets, leverage, short, and long with BTC on the Bitcoin network, while managing their finances in a stable manner. The entire ecosystem is composed of native Bitcoin applications and is continuously expanding. In addition, the retro-futuristic video game "Bitcoin 2100" was released today. Players can explore and earn Bitcoin in a virtual world built on Bitcoin.
The Boba Governance Foundation announced that it has received a $70 million funding commitment from the Awaken Foundation and LDA Capital to provide financial support for the continued development and ecological expansion of the Boba Network. In addition, the Boba Governance Foundation has signed an agreement with the FTX Recovery Trust, and all BOBA tokens held by the trust have been transferred to the Foundation. In addition to other considerations and mutual waivers of claims, the FTX Recovery Trust has also obtained the right to purchase up to approximately 29.4 million BOBA tokens from the Boba Governance Foundation at a price of $0.09 per token over the next 18 months.
Binance founder Zhao Changpeng disclosed on the X platform: "In addition to the investment in YZiLabs, a few months ago I donated $10 million in the form of BNB to Vitalik personally to support his 'open source' biotechnology project. Recently, I have also donated privately to several other charities, and achieved good results. I will share some relevant results soon. I am just doing my part. The best way to attract mission-driven talents is to have a firm belief yourself. Like-minded people will naturally come together."
Microbus International and Ripple Strategy Holdings reach $100 million equity investment agreement
Webus International, a Nasdaq-listed mobility service provider, announced that it has signed a conditional securities purchase agreement with Ripple Strategy Holdings to obtain a preferred equity credit line of up to $100 million. The proceeds are expected to support the development of Webus' XRP financial strategy, including crypto payments, blockchain-based loyalty programs, and other initiatives related to its global expansion.
Earlier news , Webus and SamaraAlpha signed a $300 million XRP funding agreement.
According to crypto journalist Eleanor Terrett, the SEC is reportedly working with exchanges to develop universal listing standards for token-based ETFs, which is still in the early stages. According to relevant sources, according to this idea, if a token meets the established standards, the issuer can skip the 19b-4 application process and directly submit an S-1 registration statement, wait 75 days, and then the exchange can list it. This method can save a lot of document exchanges and feedback for issuers and the SEC. It is not clear what these listing standards are, but some speculate that factors such as market value, trading volume and liquidity are all taken into consideration. The SEC declined to comment through a spokesperson.
Coinbase will list Wormhole (W)
According to the official announcement, Coinbase will launch Wormhole (W) on the Solana network; users are warned not to send W through unsupported networks to avoid fund loss. If liquidity conditions are met, trading will begin on or after 9:00 a.m. Pacific Time on July 2, 2025. Once the supply of the asset is sufficient, trading of the W-USD trading pair will be launched in phases. Support for W may be limited in some supported jurisdictions.
According to LinkedIn data, the three co-founders of Backed Finance, the company behind the stock tokenization platform xStocks, namely Adam Levi Ph.D., Yehonatan Goldman, and Roberto Klein, have all been confirmed to have worked at the bankrupt DAOstack. Among them, Adam Levi Ph.D. was a co-founder of DAOstack, Yehonatan Goldman was the COO of DAOstack, and Roberto Klein was in charge of legal and regulatory work at DAOstack. According to ICO Drops data, DAOstack raised a total of approximately US$30 million in multiple rounds of financing from the fourth quarter of 2017 to May 2018, and closed at the end of 2022 due to exhaustion of funds.
SEC approves amendment to convert Grayscale Digital Large Cap Fund into ETF
According to The block, the U.S. Securities and Exchange Commission (SEC) approved the rule change proposal put forward by the New York Stock Exchange Arca in an "accelerated" manner to allow the shares of Grayscale Digital Large Cap Fund LLC to be listed and traded. The SEC stated that in accordance with Section 19(b)(2) of the Exchange Act, it now orders the accelerated approval of the proposed rule change (SR-NYSEARCA-2024-87) (as amended by Amendment No. 1). The fund is currently traded over the counter for qualified investors and is mainly composed of Bitcoin, accounting for nearly 80%, followed by Ethereum, accounting for about 11%, and Solana, Cardano and XRP are also included, accounting for single digits.
U.S. Senate passes "Big and Beautiful" bill and sends it to the House
According to Cailian Press, on July 1 local time, the U.S. Senate passed a comprehensive tax cut and spending bill and submitted it to the House of Representatives. The U.S. Senate passed the comprehensive tax cut and spending bill proposed by U.S. President Trump with a vote of 51 to 50 that morning. During this period, senators voted on dozens of proposed legislative amendments. Republican Vice President Vance, who also serves as Senate President, cast a "deadlock-breaking" vote in a "tie" of 50 votes in favor and 50 votes against, and the amendment was passed with a vote of 51 to 50. The revised bill, which Trump called "big and beautiful", will now return to the House of Representatives, and House Speaker Mike Johnson will strive to pass the bill before the July 4 deadline set by Trump.
According to The Block, Ethereum core developer Zak Cole announced the establishment of the Ethereum Community Foundation (ECF), whose mission is to support institutional adoption of Ethereum infrastructure and ultimately push up the price of ETH. The organization has raised millions of dollars worth of ETH so far, which will be allocated to projects building trusted neutral technologies.
ECF will focus on funding "immutable and token-free" projects. In particular, the foundation is looking to support real-world asset applications that put stocks, bonds, real estate and other assets on the chain. It will also focus on projects that contribute to "public goods", including fixing mispriced blob space. The foundation will use token voting to determine grant allocations, and all funding decisions and discussions will be fully transparent. ECF's first project will be the "Ethereum Validator Association", which aims to give network validators a "voice in development" and express their preferences by staking ETH.
According to market news, according to IPO documents submitted to the U.S. Securities and Exchange Commission, cloud-based collaborative design software company Figma revealed that it has approximately $69.5 million in Bitcoin spot ETFs, and the board of directors approved the purchase of an additional $30 million in BTC through USDC.
A publicly traded cannabis and telemedicine company called Dogecoin Cash Inc. is embracing Dogecoin (DOGE). The company has established a wholly owned subsidiary called Dogecoin Treasury to build a treasury of Dogecoin (DOGE) and other related businesses. Formerly known as Cannabis Sativia, Inc., the company changed its name to Dogecoin Cash in November and began to expand its business from cannabis telemedicine and other cannabis products to cryptocurrency and blockchain projects. Dogecoin Cash Inc. had previously accumulated about $6 million worth of its eponymous derivative meme coin on the BNB chain.
In the first half of this year, public companies bought 245,510 BTC, more than double the 118,424 BTC purchased by ETFs in the same period. The year-to-date figure is up 375% from the 51,653 BTC purchased by companies in the first half of 2024. In contrast, the number of BTC purchased by ETFs was 56% lower than the same period last year. This may indicate that companies now view Bitcoin less as a speculative investment and more as a working capital reserve or long-term financial asset. The board cited inflation hedging, cross-border liquidity, and brand fit with digital finance as reasons for buying Bitcoin.
Arizona Governor Vetoes Digital Asset Reserve Fund Bill HB2324
Arizona Governor Katie Hobbs vetoed the state’s digital asset reserve fund bill, HB 2324, claiming that the bill would transfer seized assets away from local jurisdictions, thereby preventing local law enforcement from cooperating with the state on digital asset forfeiture matters.
Earlier news , Arizona passed the "Bitcoin Reserve" bill HB2324. The bill establishes a reserve fund to confiscate assets obtained through criminal asset forfeiture. If signed by Governor Hobbs, this will be the second reserve bill passed in the state.