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6/29
20:08
Svmuu News: A crypto journalist posted on X stating that they did not interpret the JPMorgan blog post as supporting the Clarity Act. The author praised the potential of digital assets to drive tokenization and modernize financial infrastructure, but did not endorse any specific legislation. Instead, they advocated more broadly for a market framework for digital assets with stronger safeguards, echoing JPMorgan CEO Jamie Dimon’s previous concerns regarding stablecoin yields and illicit finance. The reporter noted that JPMorgan implied it is already capable of innovating responsibly under the current regulatory framework, while also suggesting that legislation addressing market structure—if it could resolve long-standing concerns such as stablecoin yields and illicit finance—would be beneficial.
20:07
Svmuu News: Investment bank TD Cowen stated that passage of the Clarity Act before the November midterm elections is far from a foregone conclusion, as it still faces significant political and policy obstacles. The Senate is expected to begin deliberations on the bill during the week of July 13, with July 24 serving as a key deadline, as the House is set to adjourn before August. Jaret Seiberg, managing director of TD Cowen’s Washington Research Group, questioned whether the bill could be approved before the fall elections if it fails to pass by then.
20:05
Svmuu News: According to GMGN market data, ANSEM, a meme coin in the Solana ecosystem, saw its market capitalization briefly surpass $140 million—hitting an all-time high—before falling back to approximately $127 million, with an intraday gain of over 41%.
Svmuu reminds investors that meme coins are highly volatile, driven primarily by market sentiment and speculative hype, and lack clear real-world use cases; investors should be aware of the associated risks.
20:03
Svmuu News: Tom Lee posted on X, stating that cryptocurrencies are a highly volatile asset class, and that certain macro headwinds are currently putting pressure on Bitcoin and Ethereum. Current headwinds include market expectations of Federal Reserve interest rate hikes, the ongoing uncertainty surrounding the CLARITY Act, AI FOMO, and the impact of private credit on capital flows.He also noted that positive factors for the crypto market remain, including tokenization as a megatrend, cryptocurrencies’ role as downstream applications of AI, and the ongoing digitization and software-driven transformation of money. At the same time, he pointed out that current market sentiment is extremely poor and may be nearing its “peak of pain.”
13:12
Svmuu News: According to OKX market data, ETH has broken through 1,600 USDT and is currently trading at 1,601.12 USDT, up 1.98% over the past 24 hours.
12:50
Svmuu News: According to OKX market data, BTC has broken through 60,000 USDT and is currently trading at 60,004 USDT, up 0.54% over the past 24 hours.
12:50
Svmuu News: According to Gate data, WTI crude oil’s intraday gains have widened to 1%, and it is currently trading at $70.78 per barrel. Brent crude oil is currently up 1.3%, trading at $74.11 per barrel.
12:32
Svmuu News: According to Iranian media, the Iranian Embassy in Doha has refuted the U.S. president’s baseless allegations and announced that preparations for talks between Tehran and Washington in Qatar have not yet begun. (Jin Shi)
12:15
Svmuu News: According to OKX market data, ORDI has briefly surged past $4.10 and is currently trading at $4.11, with a daily gain of over 29%.
12:08
Svmuu News: According to sources familiar with the matter, as Anthropic’s influence in the enterprise-level AI model market continues to grow, the company renegotiated certain terms of its partnership with Amazon earlier this year, resulting in higher costs for Amazon to use Anthropic models in its products. Reports indicate that this adjustment occurred during a reassessment of the partnership and reflects Anthropic’s growing bargaining power in the supply of core models. As one of Anthropic’s key early investors, Amazon is currently evaluating how to optimize its cost structure for using these AI models to address potential cost pressures. Neither party has publicly disclosed specific details regarding the pricing changes. (Jin Shi)
11:59
Svmuu News: Sui posted on Platform X stating that gas-free transactions on Sui allow smart contract workflows to continue running seamlessly. Smart contracts can continue to call APIs, execute tasks, and operate autonomously without freezing or going offline.
11:54
Svmuu News: According to an official announcement, Binance will adjust the contract multiplier for CRWDUSDTU-denominated perpetual contracts at 00:00 (UTC) on July 2, 2026, to accommodate a 4-for-1 stock split by the issuer of the underlying asset.During the adjustment period, functions such as contract trading, position opening, funding rates, and mark price will be suspended. The adjustment is expected to be completed by 13:30 (UTC) on July 2, 2026, after which a cancellation-only phase lasting up to 5 minutes will begin.
11:38
Svmuu News: According to Hyperbot data, Huang Licheng, known as “Big Brother Maji,” has just slightly reduced his position in his 25x leveraged long position on Ethereum. He currently holds 1,200 ETH in the position, with the liquidation price currently set at $1,553. His return on investment has turned positive and is currently reported at 0.53%.
11:35
Svmuu News: CZ, founder of Binance, stated that Binance’s MiCA license application submitted in Greece had fully complied with regulatory requirements and was close to approval before it was withdrawn; however, the process was ultimately interrupted due to “external political factors.”
In an interview, CZ noted that several EU member states had expressed interest in the license, with even a degree of “competitive bidding” emerging. However, the regulatory process was ultimately derailed by non-regulatory factors, forcing the withdrawal of the application. Binance officially withdrew its Greek application last week and announced it would shift its focus to other EU member states to continue pursuing MiCA authorization.Regarding market rumors linking the company to high-ranking EU politicians, CZ stated that he had not seen any verifiable documents and had only encountered such claims online, which he could not confirm.
CZ also pointed out that the EU’s MiCA transition period will officially end on July 1,at which point unlicensed platforms must cease operating related services. National regulators have made it clear that they will not extend the deadline, and CZ assessed this outcome as a “lose-lose situation.” Citing the regulatory processes in Japan and Singapore as examples, he emphasized that compliance processes often require a longer timeframe.
Additionally, when discussing Strategy’s STRC preferred stock product, CZ described its structure as “too complex” and said he found it difficult to fully understand its mechanics. However, he emphasized that he was not passing judgment on the credibility of its founder, Michael Saylor, whom he described as “a staunch supporter of Bitcoin.” (The Block)
11:33
Svmuu News: Barry Silbert, founder and CEO of DCG—the parent company of Grayscale—retweeted a post on X revealing that Kraken is set to begin listing Bittensor subnet Alpha tokens. The first batch of tokens to be listed includes Chutes, Targon, Score, Ridges AI, Hippius, Vanta, and others.
11:26
Svmuu News: U.S. President Donald Trump stated that regarding the lawsuit challenging the eligibility of Federal Reserve board member Cook, the Supreme Court remanded the case to a lower court solely on procedural grounds. We will immediately take appropriate action to ensure that those who have engaged in misconduct do not continue to make decisions on matters of vital importance to the well-being of the United States. (Jin Shi)
11:21
Svmuu News: Castle Securities stated that the AI market is facing greater risks, including weakening demand, declining returns, and increased political and regulatory scrutiny. Investors have underestimated the determination of Federal Reserve Chairman Kevin Warsh to curb inflation, and the firm warned that higher interest rates could put pressure on risk assets. (Jin Shi)
11:18
Svmuu News: XChat, a messaging app under the X brand, announced in a post on the X platform that the Android version of the app is now available, allowing users to chat privately with friends directly within X. Previously, XChat was released on the App Store on April 25.
11:14
Svmuu News: With the European Union’s Market in Crypto-Assets Regulation (MiCA) set to take full effect on July 1, industry insiders expect the European crypto market to undergo a large-scale platform shakeup, with potentially more than 10 million users facing the need to switch trading platforms.
Alex Fazel, an executive at SwissBorg, stated that the new MiCA regulations are forcing a large number of exchanges to cease or restrict their services in the EU. The European Securities and Markets Authority (ESMA) has warned that institutions without MiCA licenses must gradually exit the market after the deadline and assist users in transferring their assets to compliant platforms or self-custody wallets.
Data shows that as of 2024, there may be more than 3,000 virtual asset service providers (VASPs) in Europe, of which approximately 80% are expected to exit the market following the regulatory transition.
Analysts note that several exchanges, including Binance, have already adjusted their European business strategies in advance, while others—such as Coinbase and OKX—are using incentives to encourage users to migrate. Against the backdrop of tightening regulations, industry competition is shifting from “subsidized customer acquisition” to “competition based on compliance and trust.” (CoinDesk)
11:10
Svmuu News Federal Reserve Board Member Cook stated: “This matter (the mortgage fraud allegations) has absolutely nothing to do with mortgage documents I signed before serving as a board member of Federal Reserve. This is purely a plot to remove me from office, based on entirely fabricated pretexts;I am being targeted because I refused to yield to political pressure and insisted on setting interest rate policy based solely on what is in the best interest of the American people. This is precisely the fundamental duty of a Federal Reserve board member. Today’s ruling reaffirms a principle that has underpinned sound economic management for generations: Federal Reserve must make all policy decisions based on evidence and independent judgment, free from political interference.”
“The Supreme Court’s decision to uphold the lower court’s order and affirm the necessity of due process and just cause recognizes that the independence of the Federal Reserve is essential to achieving the goals of ‘price stability’ and ‘full employment’ entrusted to us by Congress. I am deeply gratified by this ruling.As long as I remain at Federal Reserve, I will continue to defend the principle of political independence and serve the American people with the utmost dedication.” (Jin Shi)

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