🇫🇷 French legislation promotes green Bitcoin mining
The French Parliament has received a new proposal to utilize the surplus electricity from nuclear power plants for Bitcoin mining. The pilot program is set for five years, allowing mining centers to be located next to nuclear power plants and operate only during surplus electricity, while recycling the heat generated from mining for heating and industrial purposes. It is expected to generate an additional $100 to $150 million in annual fiscal revenue.
🇯🇵 Japanese elections may impact Bitcoin tax system
With the Japanese Senate elections approaching, the cryptocurrency industry is highly concerned. Despite Japan having a massive personal asset market of $13.5 trillion, the current cryptocurrency tax system (classified as 'miscellaneous income') results in high investment thresholds. The opposition party has proposed adopting a 'separate taxation system', which could reshape Japan's cryptocurrency tax system and become a turning point for the market.
🇨🇦 Bitcoin Treasury Capital increases BTC holdings again
Canadian listed company Bitcoin Treasury Capital announces the new purchase of 4.5 BTC, with an average purchase price of $118,338, currently holding a total of 156 BTC. The company stated that the 5 million Swedish Krona raised from the share issuance at the beginning of July will still be used for continued Bitcoin purchases.
🇬🇧 UK company Smarter Web plans to raise $20 million to purchase BTC
The Smarter Web Company launches an institutional allocation plan, aiming to raise no less than $20.1 million, which will be entirely used to purchase Bitcoin. The allocation is assisted by Tennyson Securities and Peterhouse Capital Limited.
🇺🇸 US Marshals Service reportedly holds nearly 30,000 Bitcoins
According to the Freedom of Information Act (FOIA), the US Marshals Service currently holds about 28,988 BTC, estimated to be worth between $1.6 billion and $3.4 billion at an average price of $56,000. Specific case information was not disclosed, but it is confirmed that they hold a large reserve of digital assets.
🌐 Ethereum Dynamics
🛠 216th ACDE Meeting: Ethereum developers decided to remove EIP-7907 from the Fusaka upgrade, and the smart contract code size will not be adjusted for now. It may be reconsidered in the Glamsterdam hard fork.
📅 Fusaka upgrade timeline:
July 23: Launch of Devnet-3
August 25: Client public testing
Late September to early October: Two rounds of mainnet upgrades
🔮 Glamsterdam fork is still under discussion, with key issues including 'proposer-builder separation mechanism' and 'block-level access control'.
💸 Ethereum Foundation transfers 1,000 ETH to an internal address, valued at approximately $3.6 million. The total holdings of that address have reached 8,000 ETH (nearly $29 million).
📈 BlackRock's Ethereum ETF sees $560 million inflows, ETH market capitalization surpasses $432 billion, surpassing Costco, entering the 29th position globally in terms of market capitalization.
🏦 Bitmine holds over 300,000 ETH, surpassing the Ethereum Foundation and SharpLink, becoming the largest holding institution.
🔧 Network and Infrastructure
🚀 Base chain launches Flashblocks module, reducing block generation time from 2 seconds to 200 milliseconds, making it the fastest EVM chain. It builds critical infrastructure for Coinbase's upcoming 'Base App'.
🏦 US banks plan to issue stablecoins, but legal clarity is still pending. The CEO stated that they will proceed based on market and customer demand and may consider collaborating with third-party institutions.
📊 Morgan Stanley's CFO also stated they are closely monitoring the potential of the stablecoin market, but it is still at an early stage.
💬 Investment and Financing & New Projects
📡 Decentralized messaging protocol XMTP completes $20 million Series B financing, with a valuation of $300 million, with participation from a16z crypto and Coinbase Ventures.
💰 Tokenized currency market platform Spiko completes $22 million Series A financing, aimed at providing efficient cash management services for European companies.
🎮 Meme coin TRUMP project is suspected to be preparing for a gamified ecological expansion, with related pages and elements being tested on the website.