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According to BlockBeats, several significant macroeconomic events are scheduled in the United States for the upcoming week.On Monday at 21:45 UTC+8, the Chicago PMI for June will be released.Tuesday will feature multiple reports, starting with the final June S&P Global Manufacturing PMI at 21:45 UTC+8, followed by the June ISM Manufacturing PMI, May JOLTs job openings, and May construction spending rate at 22:00 UTC+8.Wednesday's reports include the June Challenger job cuts at 19:30 UTC+8 and the June ADP employment figures at 20:15 UTC+8.Thursday will see a series of releases, including initial jobless claims for the week ending June 21, the June unemployment rate, seasonally adjusted non-farm payrolls for June, and the May trade balance at 20:30 UTC+8. Later, the final June S&P Global Services PMI will be announced at 21:45 UTC+8, followed by the June ISM Non-Manufacturing PMI and May factory orders rate at 22:00 UTC+8.

According to PANews, official data reveals that Circle issued approximately 3.4 billion USDC and redeemed around 3.1 billion USDC in the seven days leading up to June 26, resulting in a net increase of about 400 million USDC in circulation. The total circulation of USDC now stands at 61.6 billion, with reserves amounting to approximately 61.9 billion USD. This reserve includes about 8.6 billion USD in cash and 53.3 billion USD held in the Circle Reserve Fund.

According to Foresight News, Ric Edelman, chairman of the Digital Assets Council of Financial Advisors, suggested in an interview with CNBC that investors should allocate 10% to 40% of their investment funds to cryptocurrencies. This marks a significant increase from his recommendation of 1% four years ago.Edelman explained that uncertainties surrounding the U.S. government's stance on Bitcoin, the potential obsolescence of the technology, and the acceptance by consumers and institutions have been resolved. He noted that Bitcoin's price movements are not synchronized with those of stocks, bonds, gold, oil, or commodities, highlighting the unique return opportunities offered by the crypto asset class compared to almost any other asset category.

According to Odaily, NOYA.ai has released a report detailing a recent hacking incident. The breach occurred due to unauthorized access by a developer to a wallet with permissions to add connectors to the protocol, resulting in a total loss of approximately 14.5 ETH. In response, the malicious connector has been removed, and contract ownership has been updated to safeguard funds. The attacker's address has also been reported to centralized exchanges. Moving forward, NOYA.ai plans to hire external security auditors for a comprehensive review, introduce delay/time-lock connectors, launch a bug bounty program, and conduct a thorough audit of all access control features.

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.29T, up by 0.75% over the last 24 hours.Bitcoin (BTC) has been trading between $106,357 and $107,709 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $107,327, up by 0.43%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include PENGU, BANANAS31, and W, up by 23%, 20%, and 19%, respectively.Top stories of the day:Japan and U.S. Hold Talks on Tariff Policies Ripple CEO Announces End to SEC Legal Battle U.S. Ends Trade Talks with Canada Over Digital Tax Dispute BlackRock's Bitcoin Holdings Reach Record High EU and US Confident in Reaching Tariff Agreement by July Deadline Ethereum Records Third-Highest Daily Transaction Volume U.S. Inflation Rate Expectations for June Show Slight Decline U.S. Core PCE Price Index for May Exceeds Expectations Cookie DAO’s InfoFi Play: Snaps, DataSwarm & AI Tokenomics Explained Binance Research: Bitcoin Recovers From Geopolitical Shock, but Altcoin Season Still Out of ReachMarket movers:ETH: $2424.05 (-1.01%)XRP: $2.1835 (+4.37%)BNB: $646.22 (+0.41%)SOL: $145.95 (+2.93%)DOGE: $0.16254 (+0.86%)TRX: $0.2753 (+1.59%)ADA: $0.5596 (+0.58%)WBTC: $107253.34 (+0.39%)BCH: $499.1 (+0.14%)TRUMP: $8.97 (+0.67%)

According to Odaily, Japan's Minister for Economic Revitalization, Akazawa Ryoichi, met with U.S. Commerce Secretary Lutnick in Washington on the 27th local time. This meeting marked the seventh round of ministerial talks between Japan and the United States concerning the high tariff policies of U.S. President Donald Trump's administration. The Japanese government reported that the discussions were productive and emphasized the ongoing efforts to coordinate between the two nations to reach a mutually beneficial agreement. Akazawa did not speak to the media immediately following the talks, which lasted about an hour. With the suspension period for reciprocal tariff increases ending on July 9 and Japan's Upper House election vote counting set for the 20th, Akazawa urged a significant reduction in the tariff rates on automobiles, which Japan considers a matter of national interest.

According to BlockBeats, data from Coinglass reveals that the current funding rates on major centralized and decentralized exchanges indicate a bearish market sentiment. The funding rates for key cryptocurrencies are shown to reflect this trend.Funding rates are a mechanism used by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of the underlying assets, typically applied to perpetual contracts. This system facilitates the exchange of funds between long and short traders, without the platform charging a fee, to adjust the cost or profit of holding contracts and keep contract prices aligned with the underlying asset prices.A funding rate of 0.01% is considered the baseline rate. When the funding rate exceeds 0.01%, it suggests a bullish market sentiment. Conversely, when the funding rate falls below 0.005%, it indicates a bearish market sentiment.

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.28T, down by 0.49% over the last 24 hours.Bitcoin (BTC) has been trading between $106,438 and $108,000 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $106,866, down by 0.55%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include SAHARA, HIFI, and RARE, up by 324%, 32%, and 18%, respectively.Top stories of the day:U.S. House Passes Bill to Promote Blockchain TechnologySouth Korea Considers Legal Framework for Cryptocurrency-Based ETFsCango Increases Bitcoin Holdings Without SellingHong Kong's Digital Asset Policy Update Spurs Growth in A-Share SecuritiesBeijing Advances Digital Economy with New MeasuresU.S. Senate Banking Committee to Finalize Crypto Market Structure Bill by September 30Analyst Observes Potential for Altcoin Market Growth Amid Moderate Trading VolumeBitwise Revises ETF Filing for DOGE and AptosBinance Aids Ahmedabad Police in Tracking Down $200K Crypto Scam Spanning Asia U.S. Core Inflation Expected to Remain Low for Third Consecutive MonthMarket movers:ETH: $2448.85 (-0.93%)XRP: $2.092 (-4.12%)BNB: $643.59 (-0.48%)SOL: $141.79 (-1.53%)DOGE: $0.16117 (-1.22%)TRX: $0.2711 (+0.07%)ADA: $0.5565 (-1.70%)WBTC: $106744.34 (-0.56%)BCH: $498.5 (-0.12%)TRUMP: $8.91 (-0.22%)

According to PANews, the stablecoin sector is anticipated to experience fierce competition, leading to a 'battle of hundreds of coins.' Despite this, USDT is expected to remain the leader among offshore stablecoins, while USDC will continue to dominate the compliant stablecoin market. However, numerous mid-tier and lower-tier stablecoins are likely to emerge.These stablecoins can be categorized into two main types: compliant stablecoins developed by Web2 companies and decentralized stablecoins created by Web3 companies. Web2 companies are expected to thrive in specific regions and business scenarios, such as Hong Kong's HKD stablecoin and e-commerce platforms like JD.com. These stablecoins can integrate deeply with local enterprises and business operations, areas where USDC and USDT might not reach.From a political standpoint, countries aim to prevent capital outflow and the siphoning effect of the U.S. dollar by promoting stablecoins tied to local currencies. This strategy helps retain funds within their financial systems. The current exchange landscape serves as a reference, with major exchanges dominating alongside numerous smaller ones that survive by focusing on niche markets and altcoins.Web3 companies are also expected to succeed with decentralized stablecoins. The U.S. and Hong Kong have proposed regulations prohibiting stablecoin companies from offering interest to users, aiming to position stablecoins as payment tools rather than investment vehicles competing with bank deposits. Despite this, there is strong demand for interest-bearing stablecoins, especially from businesses and large investors seeking stable returns.Web3 companies can circumvent compliance restrictions by packaging CeFi and DeFi financial products as stablecoins, offering users stable or even high returns. Neutral strategy stablecoins, such as Ethena's USDe and BitFi within the Bitcoin ecosystem, exemplify this approach. By utilizing perpetual contracts, projects can maintain a neutral position, ensuring stable value regardless of market fluctuations, while providing interest income to stablecoin holders.In summary, the stablecoin market resembles an iceberg: compliant stablecoins like USDC dominate the visible portion, with regional compliant stablecoins also present. Offshore stablecoins, led by USDT, occupy the larger submerged section. Beyond the reach of USDC and USDT, a multitude of stablecoins exist, including those tailored to specific business scenarios and decentralized interest-bearing stablecoins.

According to Odaily, a recent currency market fund conference in Boston highlighted the potential surge in demand for short-term U.S. Treasuries driven by stablecoins. Investors at the event anticipate that stablecoins will absorb a significant portion of U.S. debt supply later this year. Stablecoins, typically pegged to highly liquid assets like the U.S. dollar, require issuers to hold substantial liquid and secure reserves, often leading to the purchase of U.S. Treasuries.Yie-Hsin Hung, CEO of State Street Global Advisors, noted that stablecoins are attracting considerable demand for the U.S. debt market. Currently, about 80% of the stablecoin market, valued at approximately $200 billion, is invested in U.S. Treasury bills or repurchase agreements. Although this represents less than 2% of the entire U.S. debt market, the rapid growth of stablecoins is likely to outpace the increase in U.S. debt supply.

According to Foresight News, Nasdaq has integrated Canton Network blockchain technology with its Calypso platform to enhance end-to-end margin and collateral workflows. This initiative, developed in collaboration with QCP, Primrose Capital Management, and Digital Asset, aims to demonstrate how integrating on-chain capabilities with existing institutional workflows can improve collateral liquidity across all asset classes.Nasdaq Calypso is a technology platform that enables financial institutions to seamlessly manage risk, margin, and collateral requirements. It supports automated 24/7 margin and collateral management, covering crypto derivatives, fixed income, exchange-traded derivatives, and over-the-counter derivatives.

According to PANews, South Korean lawmaker Min Byeong-dug from the ruling Democratic Party has proposed an amendment to the Capital Markets Act. This bill aims to permit the creation of exchange-traded funds (ETFs) based on digital assets like Bitcoin. The proposed revision seeks to broaden the definition of underlying assets and trust properties in financial products to include cryptocurrencies. If passed, the legislation would establish a legal foundation for the use of cryptocurrencies in financial instruments such as ETFs, enabling trustees to hold and manage these assets.

According to Odaily, the A-share securities sector continues to strengthen, with Tianfeng Securities hitting the daily limit and Huaxi Securities rising nearly 6%. Other companies like Xiangcai Shares and Pacific Securities also experienced gains. The surge follows the announcement from the Hong Kong Special Administrative Region Government of the 'Hong Kong Digital Asset Development Policy Declaration 2.0,' which outlines plans for licensing management of future digital asset trading and custody services.

According to PANews, on June 27, monitoring by PeckShield revealed that the attacker responsible for the SiloFinance breach has transferred 225.1 ETH to TornadoCash. This movement of funds follows the recent attack on SiloFinance, highlighting ongoing security concerns within the cryptocurrency sector.

According to PANews, a 34-year-old man named Xie Jiajie has been sentenced to 10 months in prison for his role in managing and operating cryptocurrency exchanges without a license. Despite knowing that his employer, Liu Hanquan, was conducting unlicensed currency exchange operations, Xie facilitated 430 transactions totaling over 35 million yuan in just 23 days. He was arrested during a police raid.Xie faced charges under the Payment Services Act and the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act. He pleaded guilty to one charge, while the remaining charges were considered during sentencing on June 26.The case involves Sir Money Changer (SMC), a licensed family business providing currency exchange and cross-border remittance services, managed by the Mohamad couple. In June 2021, SMC expanded its operations in Geylang, where Liu Hanquan offered to pay 14,000 yuan monthly to use the license for independent remittance operations. Liu hired his own staff but used SMC's name to pay for social security contributions, later reimbursing the costs.Starting in September 2021, Liu conducted cross-border remittances and Tether transactions without reporting to the Monetary Authority or submitting transaction records. Following the discovery of his activities, Liu fled to Cambodia and emptied his cryptocurrency wallet. He remains at large.

According to Foresight News, Beijing is taking steps to enhance its international technology innovation center by focusing on the development of digital economy sectors such as science fiction, the metaverse, gaming, e-sports, and virtual reality. Recently, a draft titled 'Measures to Support the Construction of Beijing Future Digital Space Innovation Pilot Zone' was released for public consultation.The draft emphasizes supporting cross-border data flow and cultural export initiatives. It encourages enterprises to engage in the development of international rules and standards for cross-border data certification systems. The aim is to enhance the capabilities of cross-border data service centers and facilitate secure and orderly international internet access for businesses.Additionally, the measures seek to promote the innovation and export of future data spaces by developing cultural export projects. The goal is to accelerate the growth of internationally competitive cultural technology companies and to support the global expansion of enterprises, products, and services.

According to Odaily, cryptocurrency exchange XeggeX has announced its closure and plans to file for bankruptcy. The official website of XeggeX states, "Notice: Due to the hacking incident in February and other recent issues, XeggeX is shutting down and filing for bankruptcy. More information and legal contact details will be provided soon." Earlier reports indicated that XeggeX experienced a hacking attack in February, which prevented users from accessing their accounts.

According to PANews, Grayscale Research has revised its list of the top 20 assets for the third quarter of 2025. The updated list now includes AVAX and MORPHO, while LDO and OP have been removed from the rankings.

According to Foresight News, U.S. Senate Banking Committee Chairman Tim Scott announced that the crypto market structure bill is set to be completed by September 30. This timeline is later than U.S. President Donald Trump's initial goal of finalizing the bill before the August congressional recess but earlier than Senator Cynthia Lummis's previous prediction of completion by the end of the year.

According to PANews, Tether CEO Paolo Ardoino has disclosed that the company is currently reviewing the initial design plans for the "Tether Tower" to be constructed in El Salvador. This development marks a significant step in Tether's expansion efforts in the region.