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According to Reuters, Bank of America CEO Brian Moynihan stated that they are advancing work related to stablecoins and will launch it at an appropriate time in the future, possibly in collaboration with other institutions, but there is currently no clear timeline and customer demand is still low. Morgan Stanley's CFO said they are closely monitoring the development of stablecoins, which is still in the evaluation stage. Previously, Citibank and JPMorgan had also indicated their intention to participate in stablecoin-related businesses.

According to Bloomberg, crypto assets advocate Roger Ver (known as "Bitcoin Jesus") has sued the Spanish government in the European Court of Human Rights in an attempt to stop his extradition to the United States to face tax evasion charges. Ver claims that Spain violated his legal rights when it ruled that he should be extradited to Los Angeles for trial. U.S. prosecutors accuse him of evading over $48 million in taxes on proceeds from the sale of $240 million in crypto assets. He was arrested in Mallorca, Spain, and later released on bail.

According to Wu, the latest Fed Beige Book shows that economic activity in the United States saw a slight rise from the end of May to early July, with a modest increase in employment numbers and wages continuing to rise moderately. Layoffs in the manufacturing sector have increased slightly, but overall layoffs remain limited. Many regions are facing rising pressures on raw material and insurance costs driven by tariffs, and some companies have begun to pass on some of these costs to consumers. The risk of rising inflation may increase in the coming months. The overall outlook is neutral to sl

According to Wu, World Liberty Financial released a proposal on July 9 to open trading of the WLFI Token, with voting starting on July 10 and ending on July 17, ultimately passing with a support rate of 99.94%. The proposal aims to promote the transition of WLFI from a closed ecosystem to an open ecosystem, allowing tokens to be traded through peer-to-peer and Secondary Market transactions, thereby expanding the community's participation channels in the governance process.

The U.S. House of Representatives on July 16 local time passed a motion with 215 votes to 211 to advance the stablecoin regulation bill GENIUS and the Digital Asset Market Clarity Act, both of which will enter the formal voting process. GENIUS has already been passed by the Senate and is expected to be sent to President Donald Trump for signing this week. The Clarity Act aims to clarify the framework for the regulation of encryption assets by the SEC and CFTC, which requires further review by the Senate. Additionally, the House also agreed to subsequently vote on a bill to prohibit the Fed fro

According to Wu's report, Lookonchain monitoring has revealed that Trend Research has sold a total of 69,946 ETH in the past 24 hours, cashing out approximately 218.3 million USD. The latest transaction involved the sale of 21,000 ETH, amounting to about 67 million USD. Currently, they still hold 115,187 ETH, which is approximately 376 million USD at the current price.

Elliptic's latest report shows that as of 2025, approximately $21.8 billion in illegal funds have been transferred through decentralized exchanges, cross-chain bridges, and coin exchange services, more than tripling from $7 billion in 2023. About $2.5 billion (12%) comes from North Korean hackers, and approximately $300 million is from sanctioned Iranian encryption services. Previous data indicated that the total amount of on-chain illegal transactions in 2024 reached $45 billion, accounting for 0.4% of the total annual crypto transaction volume of $10.6 trillion. In the same year, the FBI dis

According to Wu, Infinity Ground announced that DWF Labs has become its strategic investor, and the two parties will cooperate to promote the development of the AI native ecosystem, focusing on agentic infrastructure construction, AI application popularization, and related Liquidity support.

According to reports, Trump recently met with more than a dozen House Republicans at the White House, where he displayed a draft letter to dismiss Fed Chairman Powell and solicited their opinions on whether he should do so, stating that he "likely will." Recently, Trump has repeatedly called for Powell's resignation, accusing him of failing to cut interest rates effectively. Under the law, the president cannot dismiss Fed officials without cause, a point reaffirmed by the U.S. Supreme Court in a ruling earlier this May. The term "for cause" typically refers to illegal or gross misconduct, rath

According to Wu, NFTgators reports that the crypto trading infrastructure provider Talos has announced an acquisition of the on-chain data company Coin Metrics for over $100 million, aiming to create an institutional-grade one-stop digital asset trading and investment management platform. Talos completed a $40 million financing round led by a16z in 2021, and raised an additional $105 million in 2022, reaching a valuation of $1.25 billion. Its investors include PayPal, Fidelity, BNY Mellon, Citigroup, and others.

Wu learned that the AI content verification network Mira announced the launch of Mira Verify, a system that identifies hallucinations and false information through a multi-model Consensus Mechanism. This system can automatically extract factual statements from text and independently verify them through different AI models in the network, returning result labels of "True", "False", or "No Consensus".

According to Wu, Canadian listed company Belgravia Hartford announced that it has reached a $5 million convertible bond agreement with Round13 DAF and completed a private sale financing of approximately CAD 4.02 million (about USD 2.92 million), with the raised funds to be used for purchasing Bitcoin. Previously, Belgravia Hartford announced on June 9 that it completed its first coin purchase transaction under its Bitcoin financial strategy, acquiring 4.86 BTC for $500,000.

Wu said that in June, the U.S. PPI annual rate was 2.3%, expected to be 2.5%, and the previous value was revised from 2.60% to 2.7%. The U.S. PPI monthly rate for June was 0%, expected to be 0.20%, and the previous value was revised from 0.10% to 0.3%.

According to Wu, the board of Bitcoin ecosystem company Matador Technologies has approved a long-term BTC treasury strategy, aiming to accumulate up to 6,000 Bitcoins by 2027 and to achieve the first phase target of 1,000 BTC before 2026. The company currently holds 77.4 BTC. Additionally, to support the implementation of the strategy, Matador submitted a preliminary short-form prospectus totaling 900 million Canadian dollars to regulators in Canada (excluding Quebec) on July 11, which, once approved, will grant flexible authority to issue stocks, bonds, or units over the next 25 months.