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Svmuu News: New regulations governing cryptocurrency ATMs in the U.S. states of Tennessee and Georgia took effect on July 1. Tennessee has implemented a blanket ban, while Georgia has imposed transaction limits and reporting requirements. Indiana had previously implemented a ban in March, and Minnesota will enforce a similar ban on August 1. Prior to the ban taking effect, there were approximately 185 cryptocurrency ATMs and kiosks in operation in Tennessee. Local governments have taken action in response to frequent incidents where residents—particularly the elderly—have been lured by scammers into transferring funds via cryptocurrency ATMs; legislators in Delaware and New Jersey have already proposed similar blanket bans.

Svmuu News: xAI has announced the launch of Voice Agent Builder, a no-code voice agent platform that enables users to create lifelike voice agents using Grok Voice, priced at $0.05 per minute. The platform integrates phone functionality, knowledge retrieval, tools, guardrails, and observability, and supports users’ existing phone numbers, APIs, and MCPs. Voice Agent Builder is a unified interface built for Grok Voice; each account includes one free phone number, and the platform launches today in beta.

Svmuu News: The Solana Foundation has announced the official launch of its on-chain governance mechanism, Solana Governance Proposals (SGP). Validators can now submit, support, and decide on core protocol decisions through SGP. All proposals take place on-chain, utilizing a staking-weighted voting mechanism and verified via Merkle proofs. Any validator with at least 100,000 SOL delegated to them may initiate an SGP. Unlike Solana Improvement Documents, which focus on technical and protocol changes, SGPs are primarily used to express opinions on ecosystem governance. Proposals must secure the support of at least 15% of the network’s total staked SOL before entering the formal voting phase.

Svmuu News: The latest 927-page financial disclosure filing released by U.S. President Donald Trump reveals that his income includes hundreds of millions of dollars in crypto-related gains, including millions of dollars in income related to World Liberty Financial, a DeFi project launched in 2024 by the Donald Trump family.This disclosure has added urgency to congressional negotiations regarding the ethics provisions of the “Clarity Act,” a bill to establish a regulatory framework for the crypto market.
Currently, lawmakers from both parties are negotiating the “Clarity Act,” a bill aimed at establishing the United States’ first comprehensive federal cryptocurrency regulatory framework. One of the key points of negotiation is whether to include ethical restrictions to prevent the president, vice president, members of Congress, and other federal officials from profiting from digital assets while in office.
Following the release of the documents, Democratic lawmakers reiterated that the bill must include strict ethics provisions. Senator Angela Alsobrooks stated that such restrictions should apply to the president, vice president, and all members of Congress, adding that ordinary Americans should benefit from digital assets in a fair and honest manner, rather than allowing politicians to profit through corruption and loopholes in the system.
Senator Kirsten Gillibrand also noted that both parties are continuing to push for strict ethics reforms aimed at prohibiting the President, Vice President, and members of Congress from using crypto assets for personal gain.Elizabeth Warren, meanwhile, said that if the Clarity Act fails to prevent the president, members of Congress, and their family members from profiting from the crypto industry, the bill will further fuel the controversy over crypto-related corruption in “Donald Trump.”
Republicans, meanwhile, have indicated that ethics provisions remain part of bipartisan negotiations. As the July deadline for advancing the Clarity Act approaches, the disclosure of the Donald Trump family’s crypto earnings could become a key factor influencing the bill’s final text and Democratic support.

Svmuu News: According to The Wall Street Journal, sources revealed that SpaceX (SPCX.O) has developed a prototype device resembling a smartphone, designed to transform the way people interact with artificial intelligence. SpaceX demonstrated the prototype to select investors ahead of its IPO. Musk subsequently denied the report. (Jin Shi)

Svmuu News: Citrini analyst jukan posted on X, stating that according to supply chain sources, it is virtually confirmed that MediaTek has secured a second ASIC client in addition to Google. Barring any unforeseen circumstances, this client is expected to be Meta, as previously rumored. As is customary, MediaTek does not publicly comment on individual products, client information, or market rumors. Qualcomm currently appears to hold key major clients such as Meta, Microsoft, and ByteDance, but industry observers believe that MediaTek, by continuing to deepen its collaboration with Google and having the opportunity to secure a second client, is not at a disadvantage. Semiconductor supply chain sources say that, judging by the order outlook and generational transition pace of major cloud service providers for AI data centers and ASIC products, Google remains the major client with the strongest momentum and most proactive stance. MediaTek not only has two products codenamed “Zebrafish” and “Humufish,” but according to market intelligence and industry insiders familiar with ASICs, its participation in the v9-generation “Triggerfish” is virtually confirmed. This means that from late 2026 through 2028—and potentially extending into 2029—MediaTek can expect a steady revenue contribution from TPU mass production. Compared to Qualcomm’s 2029 cloud AI revenue target of $15 billion, it is only a matter of time before MediaTek—which holds multiple TPU ASIC orders—reaches the $10 billion level. The industry is also watching to see if MediaTek can successfully secure a second major cloud service provider as a key client. Based on earlier market reports and recent supply chain confirmations, MediaTek is still actively collaborating with Meta on ASIC products, with the partnership likely centered on AI acceleration chips. Meta has recently entered into partnerships with both Arm and Qualcomm, but these collaborations are focused on CPUs; there is still no concrete news regarding cooperation on in-house AI acceleration chips. Sources in the IC design industry note that Meta’s recent cloud AI development strategy has indeed been somewhat chaotic and unclear, with internal chip development plans undergoing repeated adjustments. In the CPU sector alone, the company has sought multiple partners and adopted various approaches. Regarding AI acceleration chips, although Meta has previously officially announced a partnership with Broadcom, supply chain sources indicate that this has not interrupted the ongoing collaboration between MediaTek and Meta. IC design industry sources also emphasized that MediaTek’s and Qualcomm’s cloud AI development roadmaps remain distinctly different: MediaTek is concentrating all its resources on its ASIC business, while Qualcomm plans to pursue both customization and standardization simultaneously, covering both AI accelerator chips and CPU products.

Svmuu News: Major South Korean banks are expanding their foreign exchange trading teams and strengthening their presence in Seoul and London in preparation for the upcoming launch of the near-24-hour won foreign exchange market. Woori Bank has assigned eight additional staff members to its London office, covering positions in foreign exchange, derivatives, and bond trading. Hana Bank has added traders in Seoul and implemented a three-shift rotation system to ensure round-the-clock coverage. Shinhan Bank and KB Kookmin Bank are also expanding their staff and upgrading their systems. The won’s near-24-hour foreign exchange trading system is set to launch on July 6.

Svmuu News: Ansgar Dietrichs, a former Ethereum Foundation researcher and member of Ethlabs, stated on Laura Shin’s “Unchained” podcast that ETH still lacks a clear value narrative after failing to break through the $5,000 mark for five years.Ethlabs was founded on June 22 by five former Ethereum Foundation researchers and is backed by Bitmine, Sharplink, and ConsenSys founder Joe Lubin.
On-chain analytics firm Cryptoquant reported that over 32% of the ETH supply—approximately 39.5 million ETH—is currently staked, while exchange balances continue to decline.The company also noted that Ethereum’s daily active addresses and smart contract activity have reached record highs, yet the price of ETH has fallen by more than 50% from its peak this cycle.

Svmuu News: BitcoinTreasuries.NET posted on X, citing Bloomberg, that due to Bitcoin’s decline, investors are no longer willing to pay the high premiums they once did for Strategy MSTR. The premium on Strategy MSTR relative to its holdings, which had reached 200%, has now fallen below 1, indicating that the trade is unraveling.

Svmuu News: Bitcoin News posted on X stating that the paper titled “A Mechanistic Derivation of the Bitcoin Price Power Law: Network Adoption Dynamics and Generalized Metcalfe Scaling,” authored by @Giovann35084111 and @moneyordebt, has been officially published in Elsevier’s *Nonlinear Science*. The paper argues that Bitcoin’s long-term price power law can be derived from network adoption dynamics and generalized Metcalfe scaling, providing a theoretical foundation for one of Bitcoin’s most controversial valuation models.

Svmuu News: Bloomberg ETF analyst Eric Balchunas posted on X that the U.S. Treasury Department will use SPYM as the default fund for investments in the Trump Account, and that the inflow of U.S. government funds may expand in the coming years, with several other ETFs from the three major ETF issuers also becoming available as options.

Svmuu News: On July 1, 2026, STBL launched USST, an institutional-grade stablecoin on the Stellar network. The stablecoin is backed by real-world assets, with tokenized government bonds (USDY) serving as the initial minting collateral.
USST is built on STBL’s Stablecoin 2.0 infrastructure, which allows market participants to deposit eligible real-world assets—such as tokenized government bonds or money market funds—to mint USST, and supports settlement, collateral liquidity, and cross-border payments.
STBL plans to add Franklin Templeton’s BENJI as a second collateral option, but has not yet set a launch date for the BENJI collateral integration, nor has it disclosed the initial minting volume of USST on the Stellar network.

Svmuu News: SoftBank Group has resumed negotiations with a syndicate of lenders regarding a $10 billion loan secured by its stake in OpenAI. In response to lenders’ concerns about the difficulty of valuing privately held companies, SoftBank Group has proposed providing a guarantee for the loan repayment; if the value of the OpenAI shares used as collateral declines, the banks would be able to seek recourse from SoftBank Group. The lending syndicate is expected to include Goldman Sachs, JPMorgan Chase, and Mizuho Group.