July 17th Cryptocurrency Major Events

1. U.S. House of Representatives Passes Procedural Vote on Cryptocurrency Bill: The U.S. House of Representatives has passed a procedural vote regarding cryptocurrency legislation, establishing rules for the GENIUS bill, the CLARITY bill, and the Anti-CBDC bill, with the final vote expected to take place within this week. This vote passed with a narrow margin of 215 to 211, but it only determines the process and rules for the formal debate and voting on these bills in the House, not a direct vote on the bills themselves.

2. Bank of America Prepares to Launch Stablecoin: Bank of America CEO Brian Moynihan stated that the bank is preparing to launch a stablecoin, although he did not provide a specific timeline. He mentioned that as the second-largest bank in the U.S., Bank of America believes that both the industry and itself will take action, and has done a lot of work but is still trying to figure out the scale of stablecoins and understand customer needs. The bank plans to launch a stablecoin at the appropriate time, potentially in collaboration with other institutions, and is still waiting for legal clarity, which is also why progress has been slower than some investors expected. Additionally, Morgan Stanley CFO Sharon Yeshaya indicated that they are closely monitoring the development of stablecoins, stating that they are examining the market and the potential uses of stablecoins for their customer base, but it is still too early.

3. Trump Family Cryptocurrency Project Voting Ends: According to related page information, the voting for the Trump family cryptocurrency project 'WLFI Token Tradable' proposal ended at 1:38 AM Beijing time, but the voting results have not yet been mentioned.

4. Cryptocurrency Market Affected by Trump's Policy Statements: On that day, the cryptocurrency market faced pressure due to setbacks in the digital asset bill supported by Trump, with Bitcoin dropping below $117,000 and related stocks like Coinbase also declining. However, as Trump’s statements pushed the progress of the cryptocurrency bill, market sentiment quickly reversed, with Bitcoin rebounding by 2% and Ethereum surging by 5.5%.

5. Hong Kong Stock Cryptocurrency Stocks Rise: As of press time, Blueking Interactive (08267.HK) rose by 29.03%, Huaxing Capital Holdings (01911.HK) rose by 3.59%, New Fire Technology Holdings (01611.HK) rose by 2.59%, and Xiong'an Technology (01647.HK) rose by 2.34%. $BTC