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Share link:In this post: House Republicans failed a key vote to advance the GENIUS Act, stalling a major crypto legislative push. The 196–222 vote blocked debate on stablecoin regulation, the defense bill, and related crypto measures. The failed vote triggered a dip in crypto-related stocks, with Circle falling 5% and Coinbase down 2%.
Share link:In this post: SpaceX is planning an insider share sale at a $212 per-share price, which would value the company at $400 billion. Starlink’s rapid growth and strong cash reserves are fueling investor confidence, alongside dominance in global satellite launches. Risks remain, including Starship’s technical setbacks, potential political fallout, and governance concerns over limited access to private share deals.
Share link:In this post: U.S. firms use bonded warehouses to defer Trump’s rising tariffs until goods are ready for U.S. sale. These facilities carry extra storage fees, stricter monitoring and the risk of even higher duties if tariff rates climb. Tariffs have already brought in over $100 billion this year, with June’s $27 billion haul up 301% from last June.
Share link:In this post: President Trump has renewed calls for Federal Reserve Chair Jerome Powell to resign, criticizing the Fed for not cutting interest rates. Markets are reacting with fears of higher inflation, leading to rising long-term Treasury yields and increased borrowing costs. Experts warn that political pressure on the Fed risks undermining its independence, which could destabilize financial markets.
The U.S. House of Representatives has scheduled a new round of procedural vote to take place at around 00:20 tomorrow morning Beijing time. If passed, this will be followed by related debates and a final vote.
SharpLink Gaming becomes the top ETH holder among public companies, overtaking the Ethereum Foundation.Why This Matters for EthereumLooking Ahead: Institutional Crypto Adoption Grows
- 17:34Sources Say Significant Progress Made in Gaza Ceasefire TalksAccording to Jinse Finance, citing CCTV News, significant progress has been made in the latest round of Gaza ceasefire talks currently underway in Doha, the capital of Qatar. Israel's public broadcaster, quoting informed sources, reported that the parties are now focusing on the scale and positioning of Israeli military deployments in areas such as the "Philadelphi Corridor" and the "Morag Corridor" in southern Gaza. The talks have made major headway as the Israeli side has shown flexibility on this issue. The source revealed that the parties are expected to reach an agreement. Israeli media previously disclosed that, according to the latest withdrawal plan submitted by Israel to mediators, Israel will carry out a large-scale withdrawal from areas such as the "Morag Corridor" and make adjustments to troop deployments in other regions, representing certain concessions compared to previous withdrawal proposals.
- 17:03Bloomberg Analyst: Positive Signs Emerge for Spot Creation and Redemption Mechanism Approval in Bitcoin and Ethereum ETFsAccording to ChainCatcher, Bloomberg ETF analyst James Seyffart stated in a recent post that five funds listed on the CBOE have submitted amended documents to the SEC, indicating that regulators are actively communicating with fund providers and making detailed adjustments, possibly paving the way for a physical creation and redemption mechanism. It is worth noting that this mechanism applies only to authorized participants, such as major Wall Street institutions and market makers. Ordinary investors cannot directly exchange ETF shares for spot Bitcoin or Ethereum assets.
- 16:38With the Rise of Decentralized Derivatives Trading, USDC Supply on Hyperliquid Grows to 4.9 BillionAccording to ChainCatcher, citing The Block, the supply of USDC on Hyperliquid has grown significantly since the beginning of the year, doubling to 4.9 billion tokens. This expansion reflects the rising importance of decentralized perpetual contract trading platforms, with USDC serving as the primary settlement currency for derivatives trading on the platform. Hyperliquid has demonstrated strong trading momentum, processing over $150 billion in trading volume in July alone. The platform’s trading volume has reached 11.5% of a certain exchange, indicating its rapid emergence as a leading on-chain perpetual contract platform.