Today
2025/07/01

Federal Reserve Chair Powell: A higher level of inflation is expected during the summer.

PANews, July 1st news, according to Jin10, Federal Reserve Chairman Powell stated that if we ignore the tariff factors, inflation will run as expected; the U.S. economy is in quite a good state, and we expect to see higher inflation levels during the summer.
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Bitcoin OTC Trading balance reaches a ten-year low.

Gate News bot message, PANews reported on July 1, according to Bitcoin News, that the current OTC Trading balance data for Bitcoin shows 156,600 Bitcoins, marking the lowest record in nearly a decade.
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Data: Bitcoin OTC Trading balance has fallen to its lowest level in 10 years.

PANews July 1 news, according to Bitcoin News, the balance of Bitcoin OTC Trading has dropped to 156,600 Bitcoins, the lowest level in 10 years.
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TSL stock price experienced the largest single-day fall in nearly four months.

Gate News bot message, after the opening of the New York stock market, Tesla (TSLA.O) stock price fell 7.1%, marking the largest single-day fall since June 5, 2023.
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The three major indices of the US stock market fell at the opening, with the Dow Jones having the smallest decline.

According to the latest market data from the Gate News bot, the US stock market opened with a downward trend on July 1st. The Dow Jones Industrial Average fell by 0.15%, the S&P 500 Index dropped by 0.30%, while the Nasdaq Composite Index saw the largest decline at 0.39%.
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The U.S. President is willing to delay the final passage of the large tax expenditure bill.

Gate News bot reported that, according to CCTV, the President of the United States issued a statement on July 1, expressing a willingness to postpone the final deadline for a significant tax and spending bill. He promised to remain moderate in terms of spending cuts. The bill originally planned to be passed before July 4 may be postponed until around July 4. When asked about certain proposals
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UniCredit Bank of Italy launches products and services related to BlackRock Bitcoin ETF.

Gate News bot message: According to market news, UniCredit is offering products linked to BlackRock's Bitcoin ETF to a specific client group, marking a new step for the bank in the digital asset space. This news comes from a PANews report on July 1.
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Italy's UniCredit Bank launches BlackRock Bitcoin ETF-linked investment products.

According to Gate News bot, Bloomberg reports that UniCredit SpA has launched a new structured product aimed at professional clients, which is linked to BlackRock's iShares Bitcoin Trust ETF and offers full loss protection. This product has a duration of five years and uses dollar-denominated investment certificates.
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The pre-market DDC Enterprise in the US stock market rose by 12.47%.

BlockBeats news, on July 1, according to market information, DDC Enterprise (NYSE: DDC) in pre-market trading has expanded its rise to 12.47%, with the current stock price reported at 12.26 USD. DDC Enterprise announced today the completion of a $528 million financing plan, with the raised funds used to expand its Bitcoin reserves.
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Cross-border e-commerce DDC Enterprise completed a $528 million financing, expected to be used for Bitcoin accumulation.

According to Gate News bot, Businesswire reported that the cross-border e-commerce company DDC Enterprise (NYSE: DDC) announced on July 1 that it has completed a financing plan of $528 million, with participation from investment institutions such as Anson Funds. DDC Enterprise made it clear that the net proceeds from this round of financing will be used entirely to execute the company's Bitcoin accumulation.
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Trump stated that the passage of the tax and spending bill would be postponed.

According to Gate News bot, citing CCTV News, on July 1 local time, U.S. President Trump stated that he would delay the deadline for his domestic policy bill. Trump originally planned to pass this "big and beautiful" tax and spending bill before July 4. Regarding the progress of the bill, Trump pointed out: "I don't want to go too
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Virtuals Protocol launches governance portal and announces three initial proposals.

According to Gate News bot, the official news states that the VIRTUAL Protocol has officially launched the governance portal. According to the governance rules, users holding at least 0.10% of the total veVIRTUAL have the right to propose. Each proposal sets a discussion period of 72 hours, during which voting is not allowed. After the discussion period ends, the protocol will take a Snapshot of the veVIRTUAL balance to determine...
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Guoke Military Industry: Shareholders Yang Minghua and Chen Gonglin plan to reduce their holdings by no more than 2.088 million shares.

Jin10 data reported on July 1st that Guoke Military Industry announced that shareholders Yang Minghua and Chen Gonglin plan to reduce their holdings of the company's shares by no more than 2,088,420 shares through centralized bidding, accounting for no more than 1% of the company's total share capital, and to reduce their holdings of the company's shares by no more than 3,789,115 shares through block trading, accounting for no more than 1.8143% of the company's total share capital, to be conducted within 3 months after 15 trading days from the date of the announcement. The reduction price will be determined based on market prices.
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Tim Draper: Bitcoin may replace the US dollar within 10 years.

Odaily News Draper VC founder Tim Draper stated in a recent interview that Bitcoin may replace the US dollar within 10 years. (Bitcoin News) Tim Draper previously believed that Bitcoin could reach $250,000 by 2025, and the main factors driving the development of Bitcoin are: general market optimism following Trump's trade agreement, the anticipated regulatory framework soon to be introduced, and the continuous development of Web3 applications built on the Bitcoin blockchain.
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DDC Enterprise, a company listed on the NYSE, raised $528 million to purchase Bitcoin.

Gate News bot news, DDC Enterprise Limited announced the completion of a financing plan totaling $528 million. As a publicly listed company on the NYSE, the investors in this financing round include institutions such as Anson Funds. Maxim Group LLC acted as the exclusive financial advisor in this transaction. According to the announcement, DDC Enterprise will transfer this issuance.
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Musk will personally oversee TSL's sales operations in Europe and America.

According to the Gate News bot, as reported by Jin10, market news on July 1st indicates that after the departure of Tesla executive Omead Afshar, company founder and CEO Elon Musk announced that he would personally oversee the company's sales in Europe and the United States. This move highlights Musk's high level of attention to Tesla's core market operations and also reflects
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Musk: Will oversee TSL's sales situation in Europe and the United States

Odaily News According to market news: Musk stated that he will oversee TSL (TSLA.O) sales in Europe and the United States. (Jin10)
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VeChain launches the StarGate stake program with a $15 million rewards pool.

Gate News bot message, VeChain has recently announced the launch of the StarGate stake program, which provides a new upgrade for native staking on the VeChainThor Blockchain. The plan establishes a $15 million rewards pool, lasting for six months. According to the new weighted delegated proof of stake consensus mechanism, users only need to hold 10,000 VET to participate in stake. Stake participation
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Stacks collaborates with Wormhole to expand sBTC and STX cross-chain to Solana and Sui.

According to Gate News bot, the Bitcoin Layer 2 network Stacks is utilizing Wormhole's NTT (Native Token Transfer) standard to achieve multi-chain deployment of its ecosystem assets for the first time. This cross-chain expansion mainly involves two core assets: the decentralized Bitcoin anchor currency sBTC and Stacks' native token STX.
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South African state-owned enterprise Eskom is considering entering the Bitcoin mining business.

According to Gate News bot, BitcoinMagazine reported on July 1 that South Africa's state-owned power company Eskom is evaluating the possibility of entering the Bitcoin Mining industry. The company plans to explore potential opportunities in the Crypto Assets mining sector, particularly in Bitcoin Mining. This move has sparked industry interest in state-owned enterprises participating in the sector.
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The summer box office for movies has exceeded 2 billion.

Jin10 reported on July 1st that, according to data from the online platform, the total box office (including pre-sales) for the summer movie season of 2025 has surpassed 2 billion.
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Tether partners with the government of Zanzibar to promote the practical application of Blockchain technology.

Gate News bot message, July 1 news, Tether officially signed a memorandum of cooperation with the Zanzibar e-Government Authority (eGAZ). The two parties will promote digital asset education and Blockchain technology applications locally. According to the agreement, Tether will integrate USDT and XAUT into the government payment platform Zanmalipo, while also carrying out Blockchain technology training.
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Ukraine claims drone attack on Russian air defense missile factory

Jin10 Data, July 1st - Ukrainian officials stated that their long-range drones attacked a military factory in Izhevsk, Russia, that produces air defense systems on Tuesday. According to sources familiar with the attack in Kyiv, the factory, located in the Udmurt Republic in the Volga region, is 1,300 kilometers (808 miles) from the Ukrainian border and is responsible for the manufacturing of attack drones. Udmurtia's Governor Alexander Brechalov confirmed that a Ukrainian drone attacked a factory in Izhevsk, resulting in 3 deaths and 35 injuries, but he did not disclose the location of the attack.
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Ahead of the US stock market, Robinhood's stock price is fluctuating, currently reported at $94.55.

Gate News bot message, on July 1st, before the opening of the US stock market, Robinhood (HOOD) experienced a brief rise of over 4%, followed by a decline. As of now, the gain has narrowed to 0.93%, with the stock price reported at 94.55 USD. Recently, Robinhood announced two new initiatives: the first is the launch of tokenized stock products based on Arbitrum, and the second is the plan to...
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U.S. stock market pre-market Robinhood rose over 4% before retreating, with the current stock price reported at $94.55.

According to BlockBeats news, on July 1, Robinhood (HOOD) rose over 4% in pre-market trading before retreating, with the current increase narrowing to 0.93%, and the stock price now reported at 94.55 USD. Robinhood previously announced the launch of tokenization stock products based on Arbitrum and will build a dedicated Layer 2 network for RWA.
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Bitwise: Maintain Bitcoin's target price of $200,000 for 2025 unchanged.

Bitwise Chief Investment Officer Matt Hougan stated that although the target price for Bitcoin in 2025 is set at $200,000, he remains cautious about the performance of Ethereum and Solana. He mentioned that macro risks are hindering the development of a bull run in encryption assets.
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Aethir Cloud Drop Season 2 is officially launched, this season is time-limited for 7 days.

Odaily News Aethir announced on the X platform that Cloud Drop Season 2 is officially launched, with a limited time of 7 days. Therefore, eligible users must claim their rewards before the deadline. The rewards for this season will be distributed in the form of eATH (EigenATH), covering early Node holders, stake users, core contributors, and active members of the community.
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Whale qwatio increased the position by 50 million USD short order, with a total short position of approximately 250 million USD.

Whale @qwatio re-added a short order of 50 million USD on July 1, currently holding 40x shorting 1400 BTC and 25x shorting 40,000 ETH, with liquidation points set at specific prices.
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Trader @qwatio has faced multiple liquidations while shorting BTC and ETH.

Gate News bot message, recently, trader @qwatio has repeatedly encountered Liquidation after increasing their Short Position during the brief pullback of BTC and ETH. According to Ember monitoring data, this trader's previous short positions suffered significant losses due to market trends, and after a brief price pullback, they established new short positions again. Data shows that...
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Citigroup: Assigns Circle a Buy rating, target price of $243

According to ChainCatcher news and CoinDesk reports, Citigroup stated that Circle's valuation is reasonable and has given it a buy rating for the first time, setting the target price for Circle's stock at $243, which still has about a 34% upside compared to yesterday's closing price of $181.
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Bitwise insists that Bitcoin could reach $200,000 within the year, but is cautious about the prospects for ETH and SOL.

Odaily News Bitwise Chief Investment Officer Matt Hougan stated that Bitwise is holding firm on its 2025 Bitcoin price target of $200,000, citing strong institutional demand; however, he is not very confident that ETH and SOL will reach new highs this year. (The Block)
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Citi analysts have given Circle a buy rating for the first time, with a target price of $243.

Gate News bot message, CoinDesk reported that Citigroup released a research report on July 1, giving Circle (CRCL) stock a "Buy/High Risk" rating for the first time, setting a target price of $243. Circle stock was issued at an IPO price of $31, reached a high of $299, and then fell back to $181. Citigroup analysts' target price is lower than the current price.
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Securitize and Redstone pilot a trusted single-source Oracle Machine to ensure the security of tokenized fund asset net values.

Odaily News The tokenization asset issuer Securitize and the oracle machine provider RedStone have released a White Paper aimed at introducing a new model for securely validating on-chain Net Asset Value (NAV) data, specifically for tokenized private funds. This model is called Trusted Single Source Oracle (TSSO) and intentionally addresses a critical gap in Decentralized Finance (DeFi) infrastructure: how to reliably prove that each asset's net value update indeed originates from a trusted source and cannot be tampered with once it is on-chain. (CoinDesk)
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Citigroup: Circle's valuation is reasonable, initiating a buy rating.

Odaily News Citigroup, a financial giant, stated that Circle's valuation is reasonable and has given it a buy rating for the first time. Citigroup set a target price of $243 for Circle's stock, which is an increase of about 34% from last night's closing price of $181. The Citigroup report noted that Circle benefits from "scarcity value, the 'winner-takes-all' concept, significant potential opportunities, legislative momentum," and "enormous operational leverage potential."
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Trump plans to announce a new fiscal bill around Independence Day.

According to Gate News bot, as reported by Jin10, U.S. President Trump stated on July 1 that he hopes to unveil a new tax and spending bill around July 4, the date of American independence. This bill is referred to by Trump as the "Beautiful Big Bill." The specific details and potential impacts of the bill have not been made public, but it is expected to involve tax policy.
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BiyaPay Analyst: Robinhood's stock price rose by 13% due to favourable information on tokenization.

BlockBeats news, on July 1, Robinhood's stock price rose by 13%, marking its best single-day performance since April 9. The CEO of Robinhood announced that the company plans to expand its tokenized trading of U.S. stocks from the current 200 to "thousands" by the end of this year. In addition, Arbitrum (Arb) also rose by 20%, triggering widespread market attention. Robinhood is accelerating the expansion of its encryption business, planning to launch its own blockchain and introduce "stock tokens" in the EU market. Recently, the company launched a tokenized stock trading product based on the Ethereum Layer 2 network Arbitrum for European users, supporting over 200 U.S. stocks and ETFs, and enabling trading around the clock on weekdays. Robinhood stated that this initiative
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Trump: Hope to launch tax and spending bill around July 4th

According to ChainCatcher news and Jin10 reports, US President Trump stated that he hopes to unveil a tax and spending bill around July 4.
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Trump expresses his views on the safety of electric vehicles.

According to Gate News bot, as reported by Jin10, U.S. President Trump expressed his personal views on electric vehicles. He voiced concerns about electric cars, stating: "Who wants electric car? I don't want it." and emphasized the explosion risks associated with electric vehicles.
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Research shows that reducing the fiscal deficit may help Trump achieve economic goals.

Gate News bot message, on July 1st, the trading information platform Kobeissi Letter presented a rather ironic viewpoint: by eliminating the U.S. budget deficit, all of President Trump's economic goals might be achieved at once. Reducing deficit spending will bring a series of positive effects: lowering the issuance and yield of national debt, suppressing...
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Analysis: Trump's refusal to drop the fiscal deficit runs counter to the goals, and the current fiscal path is inevitably leading to bankruptcy.

BlockBeats news, on July 1, the trading information platform Kobeissi Letter pointed out that the irony regarding the situation between Elon Musk and Trump is that eliminating the U.S. budget deficit could actually achieve all of President Trump's economic goals in one go. First, reducing deficit spending would decrease the issuance of national debt, thereby dropping the yields on government bonds. This would also lower the inflation rate, allowing The Federal Reserve (FED) to cut interest rates and calm the fluctuations in the bond market. In fact, it was the bond market that caused a turning point in the trade war in April, when the yield on the 10-year Treasury bond soared above 4.60%. To some extent, reducing deficit spending would enable Trump to impose more tariff pressure to narrow the trade deficit. While the trade war is viewed as "short-term pain for long-term gain," the true applicable scenario for this statement is the reduction of deficit spending. As Musk discusses the debt crisis.
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Analysis: The US dollar index fell more than 10% in the first half of the year, and BTC may face the risk of falling below 100,000 in the short term.

The US dollar index fell more than 10% in the first half of the year, marking its worst performance since 1991, influenced by trade wars and interest rate cuts. Analysts believe that Bitcoin may face selling risks, but if it can maintain above a certain price range, it is expected to rebound to $140,000.
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In pre-market trading, TSL stock price fell nearly 6%.

According to Gate News bot, the latest market data shows that on July 1st, during pre-market trading of US stocks, the TSL stock price experienced a significant fall. The current decline is approximately 5.97%, with the stock price reported at 298.5 dollars. Previously, Trump commented on the situation that Musk might face. He mentioned that Musk was dissatisfied with the loss of the electric vehicle mandate, and
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MARA's Bitcoin production in June reached 713 coins, with a total holding of nearly 50,000 coins.

According to the Gate News bot, Business Insider reported that mining company MARA has released an update on Bitcoin production and mining operations for June 2025, along with a mid-year outlook. The data shows that MARA harvested a total of 211 blocks in June, mining 713 Bitcoins, with an average daily output of 23.8 coins. As of the end of June 2025, MARA's Bitcoin holdings
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Nillion Mainnet has completed Phase 0 upgrade to achieve TEE encryption data protection.

Gate News bot message, the privacy-preserving computing network Nillion has completed its Mainnet Phase 0 upgrade for the first time. According to the latest upgrade, developers gain the ability to run AI models such as Llama and DeepSeek in TEE. This upgrade allows developers to store and query encrypted data on a decentralized Node cluster without needing to rely on node operators.
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Europe's junk bond issuance reached a record monthly total of 22.5 billion euros.

In June, the European high-yield bond market reached a record issuance, totaling 22.5 billion euros in junk-rated bonds, nearly 4 billion euros higher than in 2021. Investors continue to flock to this asset class, with Flora Food Group BV completing the pricing of its first CCC-rated bond.
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Circle launched cross-chain Liquidity service Circle Gateway

Gate News bot news, PANews news, Circle announced a new developer service Circle Gateway on July 1. This service enables unified management of USDC balances and provides users with instant cross-chain Liquidity support. Circle Gateway has three core functions: First, it eliminates the need for cross-chain pre-stored funds and rebalancing operations, most...
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Nasdaq-listed company Prenetics adds H Token reserves

Gate News bot message, the digital identity project Humanity Protocol recently announced a partnership with Nasdaq-listed health science company Prenetics, which plans to incorporate H Token into its Crypto Assets reserve. Prenetics established a Bitcoin reserve in June, initially investing $20 million to purchase 187.4 coins at a price of $106,712.
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A million-level investor participating in the Ethereum ICO has sold 1,000 ETH, still holding over 24,000 coins.

According to the Gate News bot, an on-chain analyst Ai Yi reported that a large-scale investor who acquired 1 million ETH during the Ethereum ICO has recently sold another 1,000 ETH. This investor has sold approximately 356,600 ETH over the past year, with a total value close to $892 million and an average selling price of $2,501. Considering their initial
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The FBI accused a man of converting $1.7 million in fraud proceeds into Bitcoin.

Odaily News The Federal Bureau of Investigation (FBI) has charged New York man Tushal Rathod with fraudulently obtaining $1.7 million through forged checks and fraudulent business emails, converting most of the illicit gains into Bitcoin. The alleged criminal activities took place between November 2021 and June 2024. If convicted, Rathod faces 20 years in prison. (Decrypt)
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MARA: In June, the mining output was 221 BTC, and the Bitcoin holdings increased to 49,940 coins.

Odaily News Nasdaq-listed Bitcoin mining company MARA announced its unaudited performance report for June 2025, revealing a mining output of 211 coins in June. As of June 30, 2025, it holds a total of 49,940 BTC and did not sell any BTC in June.
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Gate launches Echo (ECHO) for spot trading and initiates HODLer Airdrop

Gate will launch Echo (ECHO) spot trading on July 2, 2025, and kick off the HODLer Airdrop event, where holding 1 GT will qualify you for the airdrop. Futures trading tasks will also start on the same day, sharing a 1,000,000 ECHO airdrop prize pool.
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Early Ethereum investors are selling a large amount of ETH, with a single address selling 356,600 Ether.

Gate News bot news, the holder of an address that obtained 1 million ETH during the ETH ICO sold 356,600 ETH in the past year. According to monitoring data from @ai_9684xtpa, the total sale value of these ETH reached 892 million dollars, with an average selling price of 2,501 dollars per ETH. The initial purchase cost of the ETH for the address holder was 0.31 dollars.
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Top global mining company Cango mined 450 Bitcoins in June.

Gate News bot message, on July 1, according to a press release, Cango, one of the largest mining companies in the world, announced its crypto mining performance for June 2025. The data shows that the company mined a total of 450 Bitcoins in June, a decrease from 484.5 in May. Currently, Cango holds a total of 3,879.2 Bitcoins. It is worth noting.
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Trump responds to Musk's expulsion issue: needs to be considered in depth

According to the Gate News bot, as reported by Jin10, current U.S. President Trump responded to a question about whether to expel Musk, stating "we need to think about it carefully."
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The FBI investigates a New York man for a $1.7 million fraud case and converting Bitcoin.

According to the Gate News bot, Decrypt reported that the FBI has charged New York resident Tushal Rathod. The FBI's investigation found that from November 2021 to June 2024, Rathod engaged in fraud through forged checks and business email compromise, obtaining illegal proceeds of $1.7 million. FBI agent Samuel Morg
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Stablecoins Accelerate Innovation in Financial Infrastructure: A New Paradigm with U.S. Treasuries as the Underlying Asset

Gate News bot message, in recent years, stablecoins backed by U.S. Treasury bonds have become an important component of the digital asset ecosystem. These stablecoins inject new liquidity into the market by seamlessly connecting fiat with Crypto Assets. This innovative model locks U.S. Treasury bonds through smart contracts as
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Circle has launched the developer service Circle Gateway, and this month you can access Testnets like Base and Ethereum.

Odaily News Circle announced on the X platform the launch of the developer service Circle Gateway, which enables unified USDC balance, instant cross-chain Liquidity, and other features, eliminating the need for cross-chain pre-funding or rebalancing. A single integration can meet the needs of multiple chains, allowing users to retain full control and withdraw without permission. This month, it will go live on Testnet for Base, Ethereum, and others.
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Trump comments on the Musk incident: careful consideration of possible disposal measures is needed.

Gate News bot news, on July 1, U.S. President Trump expressed his views on Musk losing the electric vehicle mandate. Trump pointed out that Musk was dissatisfied with this, but he hinted that: "He may lose more than this." When asked if he was considering expelling Musk, Trump stated that it needed to be considered carefully.
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U.S. President Trump: The tax bill is expected to pass today.

Golden Finance reported that U.S. President Trump: The tax reform bill is expected to pass today.
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A survey by JPMorgan on US Treasury clients shows an increase in long positions.

Golden Finance reported that JPMorgan's U.S. Treasury customer survey for the week ending June 30 shows that the proportion of long positions has risen by 2 percentage points, the neutral proportion has decreased by 2 percentage points, and the proportion of short positions remains unchanged.
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Russia claims that it is discussing the specific date for the third round of negotiations with Ukraine.

Jin10 data reported on July 1st, local time July 1st, Russian presidential press secretary Peskov discussed the Russia-Ukraine negotiations at a press conference, stating that Russia and Ukraine are negotiating the specific date for the third round of talks. Peskov said that at the current stage, it is difficult to discuss the possibility of accelerating the Russia-Ukraine negotiation process, and the Russian side has no intention of dragging things out, nor has it slowed down or stopped the relevant work to implement the agreements reached, expressing gratitude to the U.S. side for its efforts to promote the negotiations. At the same time, the Russian side strongly condemned the attacks by the Kyiv regime on Russian peaceful cities and is willing to achieve relevant goals regarding the situation in Ukraine through political and diplomatic means.
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Trump stated about the tax bill: I do not like the tax reduction measures.

Golden Finance reports that U.S. President Trump stated regarding the tax bill: I do not like the tax cuts. (When asked about the situation regarding the tax bill) I think "we are making good progress." I believe we will ultimately push through this tax bill.
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Gate will delist 36 Token trading pairs, including MOXIE, and provide an asset buyback plan.

According to the Gate News bot message, as per the official announcement from Gate on July 1, 2025: Gate has announced the delisting of trading markets for 36 tokens. The affected tokens include MOXIE, FRM, SSNC, LEGEND, and 32 other cryptocurrencies along with their corresponding USDT trading pairs. The platform has suspended the deposit services for these tokens. According to the announcement, Gate will suspend trading services for these tokens on July 8, 2025, at 11:00 ( UTC+8, including functions such as spot trading, quantitative grid, Yubibao, and margin trading. For users who still hold the relevant tokens, the platform will provide buyback services from July 22 to 28, 2025, with specific buyback prices listed in the announcement, where the maximum individual compensation limit for most tokens is 100 USDT, and for IQ50, OPCAT, BCD, and BENDOG, the maximum individual compensation limit is 1000 USDT.
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European Central Bank Governor Müller: No need to adjust the interest rate in July.

BlockBeats news, on July 1, European Central Bank committee member Muller: there is no need to adjust the interest rate in July; even in the further future, the interest rate may not necessarily need to drop significantly. It is reasonable for the European Central Bank to keep the interest rate temporarily unchanged. The euro is appreciating rapidly, but it does not currently pose a particular concern. (Jin10)
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Trump claims the new bill will drop the fiscal deficit and promote economic development.

According to Gate News bot, Jin10 reported that on July 1, U.S. President Trump stated that the "Beautiful Big Act" not only successfully reduced the deficit and national debt but also stimulated economic rise. Trump emphasized the dual effects of the act on fiscal management and economic stimulation, highlighting its importance for the development of the U.S. economy.
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