USDT/IDR drops to Rp16,718, down 0.23% in 24h amid market vo | CoinPhoton on Binance Square

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USDT/IDR drops to Rp16,718, down 0.23% in 24h amid market volatility (Tokocrypto). Meanwhile, Trump’s new 32% tariff on Indonesia sparks trade concerns, potentially impacting IDR further.📉
#crypto  #USDT  #IndonesiaCrypto  #TrumpTariff 

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The U.S. Senate passed the “One Big Beautiful Bill Act” budget bill in a 50–50 vote, with Vice President JD Vance casting the tie-breaking vote. The bill sparked controversy over healthcare cuts, AI regulation, and tax breaks for major corporations. A proposed crypto tax amendment by Senator Cynthia Lummis was excluded. The bill now returns to the House for review. Meanwhile, legislation on stablecoins, Bitcoin, and digital asset market structure has been delayed to prioritize the budget process. #Trump #USSenate #BudgetBill #Bitcoin #Stablecoin #CryptoTax #AIRegulation

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BUGSCOIN [BGSC] Airdrop on Binance Alpha BUGSCOIN (BGSC) has been listed on Binance Alpha and is offering an airdrop for eligible users. The airdrop is divided into two phases: Phase 1 (first 18 hours): Users with at least 210 Alpha Points can claim 7,360 BGSC. Phase 2 (last 6 hours): Users with at least 170 Alpha Points can claim 7,360 BGSC on a first-come, first-served basis until the pool is depleted or the event ends. Claiming the airdrop requires 15 Alpha Points and must be confirmed on the Alpha Events page within 24 hours. Otherwise, it will be considered forfeited. Binance will also soon announce a BGSC trading competition with a total prize pool of 136,250,000 BGSC.

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Polygon and GSR's DeFi-focused Katana blockchain officially launches on mainnet Katana, a DeFi-optimized Layer 2 blockchain, has officially launched its public mainnet, according to an announcement from Polygon Foundation CEO Sandeep Nailwal on Monday. He stated that Katana will usher in a new era for DeFi, transforming how users earn yield on their assets through Agglayer’s Vault Bridge. Incubated by Polygon Labs and market maker GSR, Katana is built on a custom version of the OP Stack, called cdk-opgeth. The network is integrated with Agglayer’s Vault Bridge — a cross-chain interoperability protocol that allows connected blockchains to generate revenue from bridged assets. Katana aims to solve liquidity fragmentation in traditional DeFi by concentrating capital into core protocols and redirecting all available yield into a self-sustaining mechanism designed for long-term DeFi growth. Prior to the public launch, Katana had already gone live on a private mainnet in late May. It integrated several DeFi protocols including the lending platform Morpho, decentralized exchange Sushi, and perpetuals platform Vertex. The chain also supports DeFi assets such as Agora’s AUSD stablecoin, Lombard’s liquid-staked wrapped LBTC, and EtherFi’s yield-bearing weETH. During its soft launch phase, Katana allowed users to pre-deposit assets to earn the chain’s native token, KAT. According to Nailwal, within just three weeks of opening deposits, Katana attracted over $240 million in "productive" assets. Katana is expected to become a major liquidity hub for chains within the Agglayer ecosystem. This could result in significant fee generation for POL stakers. The project also plans to airdrop 1.5 billion KAT tokens — 15% of the total 10 billion supply — to POL stakers.

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The ETH/BTC futures volume ratio has surged to 98%, nearly reaching parity with Bitcoin — a sharp reversal from the bearish sentiment that surrounded Ethereum in 2024. Previously, the ratio dropped to 42% amid concerns over high gas fees, Layer-1 competition, and uncertainty around ETF approval. The rebound is fueled by growing Layer-2 adoption, increased DeFi activity, and renewed market optimism. While Solana and XRP ETFs are on the horizon, Ethereum maintains a competitive edge thanks to its robust infrastructure and large developer ecosystem. #Ethereum #ETHBTC #Futures #Layer2 #CryptoDerivatives #DeFi #SmartContracts #ETF #Bitcoin #OnchainSummer

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Benchmark raises Metaplanet price target by 46% to ¥2,400 Benchmark has set a price target of ¥2,400 ($16.7) for Metaplanet, 46% higher than its current price of ¥1,644. The Japanese company shifted from the hotel business to a Bitcoin treasury model in April 2024 and now holds 13,350 BTC, making it the fifth-largest public holder of Bitcoin globally. Metaplanet recently established a U.S. subsidiary and approved a $5 billion capital injection to support its global expansion. Its stock has surged 5,753% since April 2024. Benchmark warned of risks including Bitcoin price volatility, shareholder dilution, and regulatory challenges in both Japan and the U.S.

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