🇫🇷 France plans to pilot nuclear power mining.
The French Parliament has received a proposal to use excess electricity from nuclear power plants for Bitcoin mining. This five-year pilot project will allow mining centers to operate next to nuclear facilities only when there is excess power, with expected annual revenues of $100 million to $150 million. Additionally, the heat generated from mining will be recovered for heating or industrial use.
🇨🇦 Bitcoin Treasury Capital increases BTC holdings.
The Canadian listed company Bitcoin Treasury Capital purchased 4.5 BTC for approximately $500,000, with an average price of $118,338, increasing its total holdings to 156 BTC. The 5 million Swedish kronor raised from its share issuance on July 9 will be entirely used to continue purchasing Bitcoin.
🇯🇵 Japan's elections may affect crypto tax regulations.
Japan's Senate elections on July 20 may become a turning point for crypto regulatory policy. The opposition party advocates for a 'separate taxation' system to replace the current 'miscellaneous income' system, which may bring tax benefits to crypto asset investors. Currently, Japan's personal financial assets amount to $13.5 trillion, but the complex tax system remains a significant obstacle.
💼 The Smarter Web plans to purchase Bitcoin.
Tech company The Smarter Web announces plans to raise at least $20.1 million through institutional placements to purchase Bitcoin. The related book building process has been initiated.
🇺🇸 FOIA disclosure: The U.S. Marshals Service holds 28,988 BTC.
The Freedom of Information Act discloses that the U.S. Marshals Service may hold nearly 29,000 Bitcoins, valued at around $1.6 billion. The actual holdings could be higher.
Ethereum sector.
🧱 The 216th ACDE meeting has decided to remove EIP 7907.
Ethereum core developers meeting decides to remove EIP 7907 from the Fusaka upgrade, meaning there will be no recent changes to contract code size limits. It may be re-included in the Glamsterdam hard fork. The timelines for the Fusaka testnet and mainnet upgrades have also been announced, with multiple rounds of testing planned before the mainnet launch.
🏦 Institutional dynamics:
The Ethereum Foundation transferred 1,000 ETH to an internal address, which now holds 8,000 ETH.
BlackRock's Ethereum ETF has received $560 million in fund inflows.
The market capitalization of ETH rises to $432 billion, surpassing Costco globally and moving up to 29th place.
Bitmine holds over 300,000 ETH, becoming the largest institutional holder globally, surpassing the Ethereum Foundation.
Project dynamics.
⚡ The Base network has launched Flashblocks.
Coinbase's Base network has launched Flashblocks, reducing block time to 200ms, making it the fastest EVM chain currently and laying the foundation for the future launch of the 'Base App'.
🏦 U.S. banks want to launch stablecoins.
U.S. banks are planning to launch stablecoins, with the CEO stating they are waiting for legal clarity and may collaborate with other institutions. Morgan Stanley has also indicated it is closely monitoring the stablecoin market.
💬 Decentralized communication XMTP completes $20 million funding.
Decentralized messaging protocol XMTP developer Ephemera completes Series B funding, valued at $300 million, led by a16z crypto among others.
💰 Spiko completes $22 million Series A funding.
Tokenized currency market platform Spiko receives support from institutions like Index Ventures, planning to help European companies generate revenue through tokenized funds.
🎮 The TRUMP meme coin may launch a game.
Suspected leaked information shows that the Trump-themed meme coin TRUMP may be developing gaming products, raising market interest in ecological expansion.
