❓ What happened in #Crypto in the past 24 hours
1. Market Trends
▪️ $BTC soared violently, breaking through 110,000, currently fluctuating at a high position
▪️ $ETH followed closely, breaking through 2600, currently still hovering around 2600
▪️ Altcoins saw a widespread rally, with the #meme sector leading
2. On-chain News
▪️ Total TVL across all chains is 116.607B, an increase of 1B compared to yesterday
▪️ On-chain market conditions are decent, $Dege nearly doubled, current market cap is 18M; $invest saw a 24-hour increase of over 80%, current market cap is 8.9M; $BTC(Bobby The Cat) saw a 24-hour increase of over 50%, current market cap is 12.5M
3. Hot News
▪️ SEC suddenly suspended GDLC listing application, Grayscale stated it will continue to advance its crypto ETF conversion plan
▪️ The U.S. House of Representatives will establish a "Crypto Week" in mid-July to promote the GENIUS stablecoin bill and two other pieces of legislation
▪️ U.S. Senator submitted an independent crypto tax bill, aiming to end double taxation and clarify staking taxation
▪️ Ondo Finance and Pantera Capital launched a $250 million fund
▪️ Trump will sign the "Big and Beautiful" bill at 5 AM Beijing time on Saturday
▪️ U.S. Treasury Secretary: Will begin the selection process for the new Federal Reserve Chair in the fall
▪️ U.S. job market remains stable, and the Federal Reserve may delay restarting interest rate cuts until September
▪️ U.S. June adjusted non-farm payroll numbers reported 147,000
▪️ Robinhood CEO: Tokenized stocks of OpenAI and SpaceX are considered derivatives rather than equity
▪️ New York law firm filed a class-action lawsuit against Strategy, accusing it of misleading investors about Bitcoin strategy profitability
▪️ Bitstamp, a subsidiary of Robinhood, received a license from Singapore MAS
#Crypto $BTC $ETH $Dege $invest $BTC(Bobby The Cat)
