Trump to Sign "Great Beauty Act", Landmark Crypto Regulation Reform President Trump will sign the "Great Beauty Act" this Friday at 5 PM EST (5 AM Saturday Beijing Time), marking a pivotal shift in U.S. digital asset policy. Key Provisions: Establishes federal oversight for crypto exchanges and custodians Introduces tax breaks: exempts sub-$200 crypto transactions and offers 3-year tax relief for blockchain firms Mandates a 2-year digital dollar pilot by the Federal Reserve Market Impact: Coinbase (COIN) shares rose 7% pre-market Could attract $50B+ institutional capital Positions U.S. ahead of EU’s MiCA framework Industry leaders applaud the move, though SEC’s Gensler warns of lingering manipulation risks. "This legitimizes crypto as part of the U.S. financial system," said Stanford’s Prof. David Tse.
Vitalik Buterin Urges Blockchain Developers to Prioritize Human Freedom At EthCC 2025, Ethereum co-founder Vitalik Buterin called on blockchain developers to focus on human freedom rather than just technical advancements. He warned that Web3 risks repeating Web2’s mistakes—where early ideals of openness were overshadowed by centralized control and censorship. Key Takeaways Freedom Over Tech for Tech’s Sake Buterin emphasized that crypto’s roots lie in the Cypherpunk movement, which valued privacy, decentralization, and anti-censorship—not just financial gains. Developers should ask: "Does my project truly empower users?" Avoiding Web2’s Centralization Trap Like early Web2 (e.g., Google, Meta), Web3 could lose its decentralized ethos if it overly caters to institutions. Current Challenges The crypto space is divided between "Suitcoiners" (seeking mainstream adoption) and Cypherpunk purists (upholding libertarian ideals). Some Layer 2 solutions risk compromising user autonomy with upgradeable contracts. Privacy by Default Buterin pushed for IPFS-hosted frontends and "exit tests"—ensuring users retain control if projects fail. The Path Forward Blockchain’s true promise lies in individual sovereignty, not just scalability or profits. Buterin’s message is a timely reminder: technology should serve freedom, not the other way around.
SEC Approves Grayscale's Digital Large Cap Fund Conversion to ETF, Covering Major Cryptos The U.S. Securities and Exchange Commission (SEC) has greenlit Grayscale’s Digital Large Cap Fund conversion into an ETF, as reported by Odaily Planet Daily. The fund provides exposure to five major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). This approval marks another milestone in crypto ETF adoption, following earlier spot Bitcoin and Ethereum ETF approvals. By including multiple assets, the fund offers diversified crypto exposure, potentially attracting institutional investors seeking broader market access. Market reactions were mixed, with SOL and ADA seeing slight gains, while BTC and ETH remained stable. Analysts suggest this could accelerate demand for multi-crypto investment products, further bridging traditional finance and digital assets. The SEC’s decision signals growing regulatory acceptance of crypto-based ETFs, though questions remain about future approvals for single-asset funds like Solana or XRP ETFs.
Trump-Themed $TRUMP Token Now Accepted for Official Merchandise Purchases The TrumpMeme team has announced that its $TRUMP meme token can now be used to purchase official Donald Trump-branded merchandise, including perfumes, sneakers, and watches. This move further blurs the lines between cryptocurrency, political branding, and e-commerce. Key Details: Supported Items: High-profile products like "Victory47" perfume ($99), "Never Surrender" sneakers ($399), and limited-edition gold watches are now payable with $TRUMP. Payment Integration: Transactions are processed via a crypto-friendly Shopify plugin, with instant conversion to stablecoins to mitigate volatility risks. Political Crypto Trend: This follows similar moves by pro-crypto politicians (e.g., Kennedy's Bitcoin pledge), highlighting 2024 as an election year where digital assets become a partisan battleground. Market Implications: The partnership could boost $TRUMP's utility demand, though skeptics view it as a publicity stunt given the token's -65% drop from its Jan 2024 peak. It tests crypto's role in political fundraising, potentially inspiring other campaigns to tokenize supporter engagement.
SEC Likely to Approve Grayscale’s Digital Large Cap Fund ETF Conversion This Week
The U.S. Securities and Exchange Commission (SEC) is expected to make a final decision this week on Grayscale’s Digital Large Cap Fund (GDLC) ETF conversion, with industry experts predicting a high likelihood of approval. Nate Geraci, CEO of ETF Store, noted that the SEC’s deadline for the decision falls within the week, marking a pivotal moment for crypto ETF expansion.
Key Details Portfolio Composition: The GDLC ETF will track a diversified basket of major cryptocurrencies, including BTC, ETH, XRP, SOL, and ADA, offering investors broad exposure to the digital asset market.
Regulatory Momentum: Approval could pave the way for additional single-asset crypto ETFs, particularly for altcoins like Solana and Cardano, as the SEC gradually warms to crypto-backed investment products.
Market Impact: A green light would reinforce institutional confidence in crypto, potentially driving fresh capital inflows into the included assets.
Broader Implications This decision follows Grayscale’s landmark legal victory last year, which forced the SEC to reconsider its stance on Bitcoin ETFs. If approved, GDLC’s ETF conversion could accelerate the mainstream adoption of multi-crypto investment vehicles, setting a precedent for future altcoin-based funds.
AI and Robotics: Engine of Economic Growth in the Next Decade Elon Musk recently predicted that AI and robotics will drive significant economic surplus and growth within ten years. His optimism stems from the potential for these technologies to revolutionize productivity, reduce costs, and create new industries. Key Drivers: Productivity Boom – AI-powered automation could replace repetitive labor, boosting efficiency in manufacturing, logistics, and agriculture. Cost Reduction – Lower labor expenses and optimized supply chains may increase corporate profitability. New Economic Models – AGI could enable AI-driven services, personalized healthcare, and fully automated businesses. Challenges: Job Displacement – Up to 25% of jobs may be automated, requiring policy interventions like UBI. Technical & Regulatory Hurdles – AI’s reliance on data and computing power, along with tightening regulations, could slow adoption. While Musk’s vision is plausible, its realization depends on overcoming societal and technological barriers. If successful, AI and robotics could add 1-2% to global GDP growth—but the transition must be managed carefully to avoid widening inequality.
U.S. Bitcoin Spot ETFs Now Hold 6.2% of Circulating BTC Supply American spot Bitcoin ETFs have accumulated a staggering 1.23 million BTC, representing 6.2% of Bitcoin's circulating supply, according to the latest data. Key Statistics • Total Holdings: 1,230,000 BTC • Market Dominance: 6.2% of 19.8M circulating supply • Value: ~$75 billion at current prices Market Impact 📈 Supply Squeeze: ETFs now hold more than MicroStrategy's 1.15M BTC 💰 Institutional Adoption: BlackRock's IBIT alone holds 300K+ BTC ⚡ Network Effects: Equivalent to ~7 months of new Bitcoin supply Comparative Context: ✓ More than 3x Satoshi's estimated holdings ✓ Exceeds total BTC on all centralized exchanges "This represents the fastest institutional accumulation of a scarce asset in history" — Market analyst
Fed to Ease Bank Leverage Rules, Potentially Unleashing $1.85 Trillion in Capital The Federal Reserve has approved a controversial 5-2 vote proposal to relax leverage requirements for global systemically important banks (GSIBs), a move analysts say could significantly impact financial markets. Key Provisions • Capital Relief: Morgan Stanley estimates $185B immediate capital release • Balance Sheet Capacity: Unlocks ~$6T in additional balance sheet capacity • Risk-Weighting Changes: Adjusts Enhanced Supplementary Leverage Ratio (eSLR) to better reflect: ✓ Banks' global systemic roles ✓ Low-risk asset classifications (especially Treasuries) Market Implications 📈 Bank Stocks Rally: JPMorgan, Citi shares up 2-3% in pre-market 📉 Treasury Yields Dip: Expected improved bank demand for U.S. debt 💵 Liquidity Boost: Could ease recent funding market strains Controversy: -Two dissenting votes warn of "return to 2019 repo market fragility" -Proposal open for public comment until September 30 "This recalibrates capital rules without compromising safety" — Fed Vice Chair Barr
Trump May Name Next Fed Chair Early Amid Frustration Over Rate Cuts Former President Donald Trump is reportedly considering announcing his pick for Federal Reserve chair months ahead of schedule, dissatisfied with Jerome Powell's cautious approach to interest rate cuts, according to insider sources. Key Details: Timeline: Potential announcement as early as summer, likely by September/October Motivation: Trump's frustration with Fed maintaining high rates despite cooling inflation Top Candidates: ✓ Kevin Warsh (ex-Fed governor) ✓ Larry Kudlow (NEC director) ✓ Judy Shelton (former Treasury official) ✓ David Malpass (ex-World Bank chief) ✓ Christopher Waller (current Fed governor) Market Implications: • Could signal more aggressive rate cuts under new leadership • May trigger bond market volatility during transition • Current Fed policy path (projected 1-2 cuts in 2024) may be revised Context: Powell's term ends May 2026, but early nomination would pressure current leadership. Trump has previously called Powell "political" and threatened to replace him in 2018.
Bitcoin Layer 2: The Next Frontier for Scalability & Smart Contracts?
Messari researcher AJC has identified three key opportunities driving the rapid growth of Bitcoin Layer 2 (L2) solutions, signaling a potential shift in blockchain development focus.
1. Smart Contract Void on Bitcoin Unlike Ethereum, Bitcoin’s base layer lacks native smart contract functionality, creating massive demand for L2s to enable:
DeFi applications
Tokenization (e.g., Runes, BRC-20)
Scalable transactions
2. Open Competitive Landscape Bitcoin’s ecosystem has no entrenched leaders (unlike Ethereum’s L2 dominance by Arbitrum/OP), offering advantages: 📊 Distributed BTC ownership = fairer competition 🚀 Lower barriers to entry for new projects 🔀 Projects like StarkNet migrating from Ethereum to Bitcoin
3. Bitcoin’s Unmatched Economic Security With $1.3T market cap and institutional adoption, Bitcoin provides: 💰 Stronger base-layer security than alt-L1s 🛡️ Trust-minimized settlement for L2s
Young Investors Favor Bitcoin Over Gold, But Experts Advocate Diversification A new global survey by DeVere Group reveals that 73% of investors aged 24-45 prefer Bitcoin over gold as a long-term investment. The study, covering 730 clients worldwide, highlights a generational shift in asset preferences, with younger investors viewing Bitcoin as "digital gold"—borderless, accessible, and aligned with future financial trends136. Key Findings from the Survey: Bitcoin as "Digital Gold": Younger investors value Bitcoin’s transparency, portability, and growth potential, contrasting gold’s stability13. Not Direct Competitors: DeVere CEO Nigel Green argues Bitcoin and gold serve different purposes—"Gold is stability, Bitcoin is growth"14. Diversification Recommended: Green advises holding both assets to hedge against macroeconomic uncertainty, monetary policy shifts, and geopolitical risks25. Price Predictions for 2025: Gold: $5,000/oz (currently ~$2,300) Bitcoin: $150,000 (currently ~$60,000)46. Why the Shift? Distrust in Traditional Systems: Younger investors favor decentralized assets amid inflation fears3. Institutional Adoption: Bitcoin’s spot ETFs and corporate interest boost legitimacy, while central banks stockpile gold at record levels36. Market Implications Bitcoin’s Appeal: Seen as a modern portfolio cornerstone, especially for tech-savvy investors1. Gold’s Resilience: Central banks (e.g., China) are hoarding gold, signaling long-term confidence3. Bottom Line: While Bitcoin dominates youth sentiment, experts warn against an "either-or" approach. A balanced portfolio with both assets may offer optimal resilience in volatile markets
Analysts Warn: Expiring Trump Tariff Truce & Mideast Conflict May Push U.S. Summer CPI to 4% Bloomberg Economics analysts warn of a perfect storm for inflation as two critical risks converge: 1. Tariff Time Bomb • Trump-era tariff suspensions set to expire soon • Potential revival of reciprocal tariffs on $300B+ goods • Could disrupt global trade flows, reignite trade wars 2. Middle East Oil Shock • Escalating conflicts risk $130+/barrel oil (vs current ~$85) • Every $10 oil price rise adds 0.4% to U.S. CPI • Summer driving season may amplify gasoline price spikes Inflation Fallout Projected impacts: 🔥 CPI nearing 4% by August (vs current 3.3%) 🦅 Fed rate cuts delayed until December or 2025 📉 Consumer spending squeeze from dual energy/tariff hits Market Implications: • Energy stocks rallying preemptively • Treasury yields creeping higher • Fed watch tools now price just 1.25 cuts in 2024 The Big Picture: This presents policymakers with a trilemma—contain inflation, avoid recession, and manage election-year politics. With Trump proposing new tariffs and Biden limited on oil reserves, markets face heightened volatility ahead.
Choosing the Best Blockchain for DApp Development in 2025 The rapid growth of decentralized applications (DApps) has made selecting the right blockchain a critical decision for developers. With over 21,000 DApps across 75+ blockchains, the choice depends on security, scalability, cost, and ecosystem maturity. Top Blockchain Options Ethereum – The most secure and widely adopted platform, ideal for DeFi and complex smart contracts. High gas fees remain an issue, but Layer 2 solutions (e.g., Arbitrum, Optimism) improve scalability. Polygon (PoS & zkEVM) – A cost-effective Ethereum-compatible scaling solution, perfect for NFT and gaming DApps. Solana – High-speed (65,000 TPS) and low-cost, but faces concerns over network stability and decentralization. BNB Smart Chain (BSC) – EVM-compatible with low fees, though criticized for centralization risks. Emerging Chains (Avalanche, Sui, TON) – Offer niche advantages (e.g., parallel processing, social integration) but have smaller ecosystems. Key Considerations Security & decentralization? → Ethereum. Low cost & speed? → Polygon or Solana. Early-stage experimentation? → Try Avalanche or Sui. Conclusion Ethereum and Polygon remain the safest choices for most DApps, while Solana and BSC suit high-performance needs. The future is multi-chain, so interoperability and developer support should also guide decisions.
Trump Slams Fed Chair Powell, Urges Immediate Rate Cuts Former U.S. President Donald Trump has once again criticized Federal Reserve Chair Jerome Powell on Truth Social, demanding aggressive interest rate cuts. Trump argued that lowering rates by 1-2 percentage points could save the U.S. up to $1 trillion annually in debt costs. He accused Powell of being too slow to act, dubbing him "Mr. Too Late," and questioned why the Fed refuses to cut rates despite low inflation. Trump also hinted at replacing Powell but noted no immediate action since Powell’s term ends in 2026. The Fed, however, held rates steady at 4.25%-4.50% in its June meeting, citing data-driven decisions over political pressure. Market expectations for rate cuts have been pushed to late 2025 due to inflation risks from tariffs and oil price shocks. Trump plans to announce his Fed chair pick soon, adding uncertainty to future monetary policy.
Will X (Twitter) Embrace Crypto? Analyzing Musk’s "Super App" Ambitions Elon Musk’s X (formerly Twitter) is evolving into a financial "super app," with plans to integrate payments, investing, and trading. Given Musk’s pro-crypto stance—endorsing Bitcoin and Dogecoin—many expect X to eventually support digital assets. However, regulatory hurdles in the U.S. may delay full crypto integration, possibly starting with stablecoins or licensed custodians. For users, adoption hinges on trust (security breaches remain a concern), ease of use (seamless in-app transactions), and incentives (lower fees or exclusive assets). To compete with PayPal and Robinhood, X must leverage its social ecosystem—think real-time stock/crypto trading tied to trends or creator-driven tokenized rewards. Success depends on balancing innovation with compliance, ensuring stability, and convincing users to view X as both a social network and financial hub. If executed well, X could redefine fintech—but only if it overcomes skepticism and regulatory friction.
Bitcoin Short-Term Holders Trigger Sell-Off as Market Eyes Potential Bottom Near $94K–$97K Recent on-chain data reveals that short-term Bitcoin (BTC) holders have been offloading significant amounts of BTC at a loss, contributing to increased market volatility. Analysts suggest this panic selling could signal a nearing price bottom, with key support levels forming between $94,000 and $97,000. Short-Term Holders Drive Selling Pressure According to CryptoQuant, short-term holders (STH) – those who held BTC for less than six months – sold approximately 15,000 BTC this week. The selling intensified as Bitcoin’s price dropped from $106,500 to $103,500, with 16,700 BTC moved to exchanges on Wednesday alone. This behavior highlights STHs’ tendency to react emotionally to price dips, often liquidating positions at a loss rather than holding through downturns. Glassnode data further indicates that STH supply has declined, particularly after sharp corrections. While this suggests weaker hands are exiting the market, it also creates accumulation opportunities for long-term investors (LTHs), who continue to buy the dip. Key Support Levels and Market Sentiment Analysts at Swissblock note that Bitcoin is currently trading in a "market blind spot," with spot trading volumes remaining negative since June 2025. The $94,000–$97,000 range is seen as a critical support zone, aligning with STH cost basis and historical demand levels. If BTC stabilizes here, it could form a local bottom before a potential rebound. However, if selling pressure persists and the price breaks below $94,000, the next major support could be near $92,000. Conversely, a recovery above $97,000 might signal renewed bullish momentum. Long-Term Holders Absorb the Sell-Off Despite short-term volatility, long-term holders (LTHs) remain unfazed, continuing to accumulate BTC at lower prices. This divergence between STH panic selling and LTH accumulation suggests that the current downturn may be a temporary correction rather than a long-term bearish reversal.
Solana Policy Institute Proposes On-Chain Securities Framework to SEC
The Solana Policy Institute (SPI), in collaboration with industry leaders such as Phantom Wallet, Superstate, and Orca Exchange, has submitted a formal proposal to the U.S. Securities and Exchange Commission (SEC) advocating for regulatory clarity and exemptions for tokenized securities on blockchain networks. The initiative, part of "Project Open," seeks to modernize capital markets by enabling decentralized trading of traditional assets like stocks and bonds while maintaining investor protections. Key Proposal Highlights Decentralized Infrastructure Exemption The proposal argues that blockchain networks like Solana operate as autonomous, non-custodial systems, eliminating the need for intermediaries such as brokers or clearinghouses. Unlike traditional exchanges, decentralized protocols (e.g., DEXs and wallets) facilitate peer-to-peer (P2P) transactions without holding user funds, warranting a tailored regulatory approach. SPI requests an 18-month pilot program allowing compliant tokenized securities issuance under modified SEC rules. Compliance with Existing Regulations While advocating for innovation, the proposal emphasizes adherence to core securities laws, including KYC (Know Your Customer) requirements and investor disclosures.
Issuers of "Token Shares" (digitized equities or bonds) must register with the SEC, ensuring transparency and fraud prevention. Technological Advantages Instant Settlement: Blockchain enables real-time T+0 settlement, a significant improvement over the traditional T+2 system. Lower Costs & Enhanced Transparency: By removing intermediaries, transaction fees decrease, while on-chain records provide immutable audit trails. 24/7 Market Access: Unlike conventional markets, blockchain-based securities could trade around the clock. Regulatory Landscape & Industry Momentum SEC’s Evolving Stance: Under new leadership, the SEC has shown greater openness to crypto-related proposals, pausing enforcement actions to gather industry feedback. Institutional Interest: The proposal aligns with growing institutional demand for tokenization, as highlighted by BlackRock CEO Larry Fink’s statement that "every asset will be tokenized." CME Group and other TradFi giants are also exploring blockchain-based securities. Potential Implications If approved, the framework could: ✅ Enable publicly traded stocks (e.g., Google, Tesla) to be issued and traded on-chain. ✅ Accelerate DeFi adoption by bridging traditional finance with decentralized protocols. ✅ Set a global precedent for securities regulation in the digital asset space. Challenges Ahead: Regulatory Uncertainty: The SEC must clarify how P2P trading fits within existing laws. Technical & Legal Risks: Issues like network fees, smart contract vulnerabilities, and cross-border compliance remain unresolved. Next Steps The proposal is now under SEC review, with potential pilot implementation in 2025. Industry participants await further guidance, which could shape the future of on-chain finance.
The Legitimate Dominance of Stablecoins in Crypto In 2024, 99% of stablecoin transactions are legitimate, according to TRM Labs, debunking the myth that crypto is primarily used for illicit activities. Stablecoins now account for over 60% of total crypto trading volume, cementing their role as a backbone of digital finance. Key Drivers of Legitimacy: Regulatory Progress: The U.S. GENIUS Act, advancing in the Senate, mandates licensing, 100% reserves, audits, and AML controls for issuers. Bipartisan support and Trump’s endorsement signal imminent passage. Enterprise Adoption: B2B transfers now surpass P2P transactions, with corporations leveraging stablecoins for cross-border payments, treasury management, and trade finance due to lower costs and faster settlement. Anti-Crime Measures: Blockchain transparency allows real-time tracking, while issuers like Tether froze $435M in illicit funds in 2023. Illegal stablecoin activity dropped to just 0.4% of transactions, outperforming traditional payment fraud rates. Remaining Challenges: Offshore issuers with weak oversight and rising compliance costs for smaller players require attention. Outlook: With tightening regulations and institutional adoption, stablecoins are transitioning from a niche tool to a regulated financial infrastructure, poised to dominate the future of global payments.
Trump Media Files for Bitcoin & Ethereum ETF: Potential Market Impact Trump Media & Technology Group (TMTG) has filed for regulatory approval of the "Truth Social Bitcoin and Ethereum ETF," aiming to offer direct exposure to BTC and ETH. This forms part of an aggressive expansion into digital assets, including plans to borrow funds to buy Bitcoin and invest in its own ETF. Short-Term Price Reaction: Rally Potential with Volatility Positive Sentiment Boost: The filing reinforces Trump's pro-crypto stance, potentially attracting pro-Trump investors and thematic capital. Past announcements by Trump triggered significant short-term rallies (e.g., 20%-68% gains for select tokens). High Volatility Risk: Policy-driven rallies often prove unsustainable. Previous Trump-related crypto news saw sharp reversals (e.g., BTC -9%, ETH -15% within a day). TMTG's financial struggles ($400M loss in 2024) and broader market uncertainty amplify volatility risks. Medium-Term Outlook: Dependent on Flows & Execution ETF Competition: If approved, this politically-linked ETF could differentiate itself from giants like BlackRock's IBIT, potentially capturing a niche "patriotic economy" investor segment within the competitive ETF landscape. Strategic Risks & Conflicts: Leverage Danger:TMTG's plan to borrow for Bitcoin purchases increases financial risk if prices fall, especially given its stock's 42% YTD decline. Governance Concerns: While Trump placed his $4B stake in a family-controlled trust, potential conflicts remain if promotional activities extend to the ETF, inviting regulatory scrutiny. Historical Pattern: Political Momentum vs. Fundamentals Trump-related crypto news consistently drives sharp, sentiment-fueled price surges, but these often lack endurance. Market fundamentals and company-specific risks typically reassert themselves, leading to corrections. The success of this ETF hinges more on sustained capital inflows and regulatory approval than initial political hype.
Defi App is breaking barriers with its decentralized “Everything App,” blending cutting-edge technology with unmatched accessibility. Powered by its AI assistant, Jarvis, and advanced multichain architecture, the platform enables seamless token swaps, yield farming, and leverage trading without the usual DeFi headaches—think zero gas fees and no complex bridges.
Its non-custodial wallets and no-KYC design prioritize user control and privacy, while the CeFi-inspired interface makes crypto approachable for everyone, from beginners to seasoned traders. In 2025, Defi App secured a $100M funding round led by Mechanism Capital and partnered with OKX Wallet and Sonic Labs to expand its multichain ecosystem.
The $HOME token, launched on Binance and KuCoin in June 2025, drives transactions, governance, and premium features, cementing its role in the platform’s growth. The private beta, now live, offers early adopters a chance to test this groundbreaking system. With a mission to democratize DeFi and rival centralized giants, Defi App is paving the way for mass adoption. Join the movement—visit defi.app, follow @defidotapp on X, or check out their Discord for the latest updates! $BNB $HOME