数字大队长

The UK Home Office is working with the police to sell the seized cryptocurrencies in order to fill the financial gap. In a previous raid, they confiscated 61,000 bitcoins from a Ponzi scheme, which, based on last week's bitcoin price of $123,000, is worth £5.4 billion, a 20-fold increase from when it was seized.

They plan to establish a cryptocurrency processing framework and are seeking companies to manage storage and sales, with a contract worth $53.7 million, expected to last at least four years, but suitable bids have not yet been received. Additionally, the time from seizure to sale can take quite a while; simple cases can take about a year, while complex ones may take three to four years. #BTC

Zhongyin Securities' Guan Tao believes that US dollar stablecoins are not official US currency, lack national credit, and should not be blindly followed or glorified. Instead, focus should be on one's own digital currency and the internationalization of the renminbi.

He mentioned that there are already similar stablecoin practices domestically: the Hong Kong dollar is pegged to the US dollar at a ratio of 1:7.8 and is interchangeable; funds in WeChat and Alipay are held in custody by the central bank, equivalent to a 1:1 peg to the renminbi.

I believe that WeChat, Alipay, and USDC are fundamentally different because the latter is a product of blockchain technology. #稳定币

After Trump signed the "GENIUS Act", Tether's CEO Paolo Ardoino said they intend to ensure that their stablecoin USDT (the one pegged to the US dollar) complies with the provisions for foreign stablecoin issuers in the act, so that it can be traded in the United States.

He also mentioned that the company wants to create a domestic stablecoin in the US and hopes that USDT can pass the approval of this act. These two products are designed to meet the needs of different customers in the US, as USDT may primarily be used for remittances overseas.

However, this act requires foreign issuers to strictly adhere to anti-money laundering laws and undergo complex reserve audits. Tether's reserves have never undergone a comprehensive audit, but Ardoino stated that arrangements will be made in the future.#天才法案 #稳定币

The United States is once again ahead. Trump signed the "GENIUS Act", and this act became U.S. law as soon as it was implemented. It is said to be the first significant piece of legislation affecting cryptocurrency in American history.

Previously, the U.S. had not provided clear regulations regarding cryptocurrency, but with this dedicated legislation, the industry may welcome clearer rules. Regardless of how the specific terms are set, at least there is now an official statement, which may reduce some uncertainties and give practitioners more confidence. In the long run, this could influence the direction of the industry’s development in the United States. #加密货币

This week, big things are happening in the crypto space. The U.S. House of Representatives plans to vote on several important bills, among which the "GENIUS Act" is the most noteworthy. It seems likely to pass, and then it will be sent to Trump. Moreover, the White House has already scheduled a signing ceremony for tomorrow, so it's basically a done deal.

Once the bill is enacted, it will provide a clear path for the crypto industry, with more defined compliance, potentially attracting more big players and new investors. The previously ambiguous area of stablecoins is expected to have specific regulations, which will give issuers and exchanges more confidence. However, it may also bring about stricter regulations, making it harder for those looking to take advantage of loopholes. Overall, it appears favorable, at least reducing uncertainty. Hopefully, the market can stabilize, and let's pray for good fortune!
#加密货币

Now AI is also very clever: it earns a point but doesn't get a penny, when it loses you have to trouble its dad 😂

I asked DeepSeek if there are any insider stories, and damn, he is even more worldly than I am! #ETH🔥🔥🔥🔥🔥🔥

Trump is indeed a master: he had previously spread rumors that he was going to fire Fed Chairman Powell, but later denied it, saying that he had never written a letter to fire him.

Judging from market data, now everyone thinks that the Fed is unlikely to change interest rates in July, with a 95.3% chance of maintaining the status quo and a probability of less than 5% of rate cuts. But the situation is different in September, with the probability of maintaining the status quo dropping to 32%, and more than 60% of the probability of a 25 basis point rate cut.

Trump recently said that he felt Powell was always slow to react and was not doing a good job, and said that although there was no plan to fire him now, there would definitely be changes in the next eight months, and he would find someone powerful to take over. He also mentioned that Hassett might work for the Fed, and made it clear that he was only interested in those who advocated low interest rates as Fed chairman.

Trump said he would not fire Powell, but his words revealed his dissatisfaction with Powell, and he made the conditions clear, just wanting to find someone who could follow his lead and keep interest rates low. #美联储何时降息？

U.S. Majority Leader Steve Scalise said the voting arrangements last night: "GENIUS Act," "CLARITY Act," and "Anti-CBDC Act" - these three bills.

They just passed the review of the Rules Committee yesterday, and the House will have a procedural vote this afternoon to set the specific terms for these three bills during the full meeting debate. The final vote is expected to take place tomorrow or Thursday.

If the Fed really cuts interest rates in September, this move will have a significant impact on the crypto industry. Interest rate futures suggest that a rate cut this month is basically off the table, but there is a good chance of a 25 basis point cut in September.

At this critical juncture, the new Fed chair has not yet been decided, and a new official will definitely have their own style. If there is indeed a rate cut in September, with more money in the market, it's possible that a considerable amount of funds will flow into high-volatility areas like cryptocurrencies—after all, this industry thrives on liquidity.

However, we shouldn't be too optimistic. If the new chair takes a stern attitude toward the crypto industry, even if rates are cut and liquidity is increased, tighter regulations could still suppress the market. But if the stance is more open, things could get lively, and Bitcoin, Ethereum, and others might take the opportunity to surge.

In any case, over the next two months, the crypto market will likely bounce around based on Fed news. I'm quite looking forward to seeing how the expectations of interest rate cuts and the new chair's appointment combine to stir up new developments in this space.
#美联储何时降息？

I thought that the University of Tokyo was quite strict regarding the cryptocurrency industry, but it turns out it’s a little brother compared to Hungary.

Forbes reports that Hungary has implemented the strictest cryptocurrency regulations in the world, which took effect on July 1st, leaving the fintech industry stunned. Many large companies have directly suspended their services, such as Revolut, which immediately halted its local cryptocurrency operations.

What makes these new regulations so harsh? They include two criminal offenses: using unauthorized services or operating unauthorized platforms, with light sentences of two years and heavier ones potentially reaching five years for large transaction volumes. The platform operators fare even worse, with serious cases facing up to eight years.

The key issue is that the law is vaguely written and lacks operational guidelines, which could potentially impact 500,000 cryptocurrency buyers. There’s a risk that even legitimate operations could lead to arrests. Regulatory authorities have stated that a compliance framework will be issued within 60 days, but so far there has been no indication of progress.

As a result, many companies are looking to flee. While global platforms might not be affected, local companies and investors are genuinely anxious. Everyone in the industry is waiting for an official clarification, but up to now, there’s been no word. Hungary's recent actions may lead to its isolation within the EU.

Hey buddy, did you see? That BTC veteran that sank for 14 years is moving again! Just tossed out 10,000 coins like it's spare change.

Now there are 20,000 coins piled up in that new address, over 2.4 billion dollars! This isn’t just a transfer, it’s like moving a mountain of gold.

14 years ago we were still playing Legend in internet cafes, and they've been holding onto this thing all along. Now that this fossil is moving, the entire circle has to pay attention — are they planning something big? Or just cleaning up the 'old assets'? This is intense!

Brother Sun just made a pledge to Trump, claiming to have invested 100 million dollars in Trump, right? Damn, Trump is unlocking about 90 million tokens at 8 AM on July 18th, which is 45% of the current circulation; this is worth about 878 million dollars. Isn't this just looking for a buyer?

Brothers, will you short or not?

The author of 'Rich Dad Poor Dad' Robert Kiyosaki posted, "The price of Bitcoin has exceeded $117,000. I plan to buy another Bitcoin as soon as possible. Getting rich has never been this easy... even becoming a millionaire. Please study hard and see if Bitcoin is your path to becoming a millionaire. Take care. I love my Bitcoin... I love all Bitcoins."

It seems Robert is truly in love with Bitcoin.
#BTC再创新高

A divination given to Trump by a great master:

The wave of buying U.S. stocks, tokenization of U.S. stocks, and blockchain integration of U.S. stocks is not only a major reshuffle in the cryptocurrency world but also a significant reshuffle for exchanges. Altcoins will ultimately be replaced by substantial coin stocks. Platforms for blockchain integration and tokenization of U.S. stocks must operate with licenses, under strict regulation and compliance waves. Currently, only a few foreign platforms hold licenses, and no domestic platforms have shown any movement. The newly emerging legitimate platforms that catch this wave are likely to undergo another change in leadership; it's all a cycle.

On July 10, the Shanghai State-owned Assets Supervision and Administration Commission held a central group study meeting, discussing the development trends of cryptocurrencies and stablecoins, as well as how to respond.

He Qing, Secretary and Director of the Shanghai State-owned Assets Supervision and Administration Commission, stated that the spirit of the 7th plenary session of the 12th Municipal Party Committee must be well implemented, relying on innovation to drive development. We must remain sensitive to emerging technologies and conduct more research on digital currencies. We should also integrate industries with digitalization, exploring the potential of blockchain technology in areas such as cross-border trade, supply chain finance, and asset digitization.

Additionally, we must actively improve strategic responsiveness and initiative, promoting deeper integration of technology, finance, and industry, so that state-owned assets and enterprises can better play a role in technological innovation, industry control, and security support, contributing more to Shanghai's construction of the 'Five Centers.'

This move is significant for the domestic crypto industry: the local state-owned assets system's proactive focus on this field indicates that cryptocurrencies and related technologies have entered a higher level of visibility and are no longer marginal topics; emphasizing the application of blockchain technology also acknowledges its underlying technological value, which may attract attention to compliant technology research and industrial integration projects. It also suggests that the industry should align itself more towards serving the real economy and assisting in industrial upgrades, rather than pure speculation.

On July 10th, the price of Ethereum broke through $2800, currently around $2795.32. In the past day, 7 major institutions or whales bought a total of nearly 128,000 ETH, amounting to about $358 million.

A new wallet 0x35fb is quite impressive, withdrawing over 54,000 ETH from Kraken within 16 hours, worth $151 million; Abraxas Capital has also been active, withdrawing over 40,000 from two platforms in 20 hours, totaling around $114 million. Additionally, SharpLink Gaming, which already has over 200,000 ETH, bought more than 5,000 on the over-the-counter market, spending $13.51 million.

Interestingly, the GMX hacker converted assets worth $32 million (excluding FRAX) entirely into 11,700 ETH; 0x8C08 purchased over 9,000 ETH for 25 million USDT, at a unit price of $2721; 0x3c9E withdrew 4,000 ETH to deposit on a lending platform, worth $11.18 million; pfm.eth also spent 8 million USDT to buy 2,900 ETH, at a unit price of $2759.

Today, many companies related to 'stablecoins' in the Hong Kong stock market have seen their stock prices rise sharply. The stock price of Puxing Energy surged by more than 280% at one point, which is quite impressive. Additionally, Delin Holdings also experienced a significant increase, rising more than 70% shortly after the market opened, showing particularly large fluctuations.

However, those who are knowledgeable believe that these stocks related to stablecoins have clearly been overhyped recently and are somewhat inflated. In simpler terms, it's just short-term excitement built up, and it’s very likely that they could fall just as quickly. So if someone intends to follow the trend and buy, they should be cautious and not act impulsively. Be careful not to get stuck when the prices drop later; that could be troublesome. This kind of speculative market has considerable risks.

The big player who has been asleep for four to five years has recently awakened, and at noon today, transferred 9,000 bitcoins at once, which is worth approximately 977 million dollars. This big shot moved a total of 17,283 bitcoins over the past day, amounting to nearly 1.88 billion dollars, quite a significant move.
#巨鲸