US Crypto Advisory Committee Chairman: "Government Building BTC Holding Infrastructure"
Eleanor Terret, host of Crypto in America, reported that Bo Hines, chairman of the White House Cryptocurrency Advisory Committee, revealed that the government is working on building BTC holding infrastructure. According to Terret, Bo Hines said, "The Trump administration's executive order in March did not mandate disclosure of government BTC holdings, but there is a possibility of voluntary disclosure. Additionally, the government is very interested in holding more BTC in a budget-neutral manner." Previously, Coinnews reported that a high-ranking White House official mentioned that "the government has plans to purchase BTC".
Dinari Obtains License for Token Trading in the US
Reuters reported that the blockchain securities investment platform Dinari has obtained a broker-dealer license from US regulatory authorities for token stock trading. Dinari is the first to receive approval to provide blockchain-based financial products in the US. Dinari plans to offer token stock trading services within the next few months.
Coinbase to Launch BTC, ETH Perpetual Futures in US in July
Coinbase announced through its official blog that it will launch perpetual futures services in the US. The BTC and ETH perpetual futures, to be launched on July 21 (local time), will be traded in units of 0.01 BTC and 0.1 ETH per contract.
Bitwise Submits Revised S-1 for DOGE and APT Spot ETF
Bloomberg ETF specialist Eric Balchunas reported that crypto asset management firm Bitwise has submitted a revised S-1 securities registration for Doge and Aptos spot ETFs to the US Securities and Exchange Commission (SEC). The revision includes details on spot redemption.
US House Passes Blockchain Promotion Bill
Bitcoin.org reported that the US House of Representatives passed the blockchain promotion bill (HB1664). The bill requires the Department of Commerce to 1) develop policies to strengthen US competitiveness 2) support blockchain adoption in government agencies 3) set guidelines 4) support open-source infrastructure.
DWF Labs Founder: "Crypto Collateral Loan Company to Launch"
Andrey Grachev, co-founder of crypto market maker DWF Labs, said, "Crypto collateral loans are a means to secure profits in a bull market while avoiding taxation. We plan to launch a new company that will provide such services soon."
Upexi to Tokenize Stocks on Solana
Coindesk reported that Nasdaq-listed e-commerce company Upexi plans to tokenize its stocks on the Solana network. Tokenized stocks can be traded 24/7, support real-time settlement, and can be stored in crypto wallets. Previously, Upexi announced strategic investment in SOL and currently holds 735,692 SOL (worth $105 million).
ApeCoin DAO Dissolution Proposal Passes
A community proposal to dissolve the ApeCoin (APE) DAO and launch a new entity called ApeCo passed with 99.66% approval. Previously, Yuga Labs founder Greg Solano had proposed this, stating that the DAO had become an unproductive governance theater. According to the proposal, ApeCoin DAO's assets will be transferred to ApeCo, and token holders will no longer be able to exercise governance rights.
Grayscale Adds AVAX and MORPHO to Q3 Promising Coins
Crypto asset management firm Grayscale added Avalanche (AVAX) and Morpho to its top 20 promising cryptocurrencies for the next quarter. In contrast, Lido (LDO) and Optimism (OP), which were on the list last quarter, were excluded.
Synaptogenix Rebrands to Tao Synergies after 'TAO Investment'
Nasdaq-listed Synaptogenix, which purchased TAO as part of its crypto financial strategy, announced it will change its name to Tao Synergies. The ticker will be TAOX. The company had previously announced an investment of $10 million in TAO.
8,022 BTC Transferred... Coinbase → Anonymous
According to Whale Alert, 8,022 BTC was transferred from a Coinbase address to an anonymous address, worth $860 million.
US Women's MMA League Plans to Buy $2M in BTC within 6 Months
Coindesk reported that the Lingerie Fighting Championships, a US women's MMA league, will adopt a Bitcoin financial strategy. The league plans to buy $230,000 worth of BTC within 30 days and up to $2 million worth of BTC within the next 6 months.
CoreWeave in Negotiations to Acquire Core Scientific
Walter Bloomberg reported that GPU cloud provider CoreWeave is in negotiations to acquire crypto mining company Core Scientific.
Trump "Signs Trade Agreement with China"
According to Fox News, Donald Trump announced that he has signed a trade agreement with China.
EU Considers Reducing Tariffs on US Imports
The Wall Street Journal reported, per Walter Bloomberg, that the European Union (EU) is considering reducing tariffs on US imports to persuade Donald Trump.
US Discusses Easing Iran Sanctions
CNN reported, according to Walter Bloomberg, that the US is discussing ways to ease Iran sanctions.
Boston Fed President: "Too Early for July Rate Cut"
According to Walter Bloomberg, Boston Fed President Susan Collins said, "It's too early to cut rates in July".
US Stock Indices Close Higher
US stock indices closed higher.
S&P500: +0.8%
Nasdaq: +0.97%
Dow: +0.94%
Analysis: "BTC Shows Bullish Signal on Technical Indicators"
Bitcoin has shown a strong signal on technical indicators, with analysis suggesting a high possibility of breaking through to new highs. Cointelegraph explained, "A 'bullish engulfing' pattern was confirmed on the daily chart. Since 2021, this pattern has formed 19 times, with 15 of those achieving cycle peaks within days or weeks after formation. Along with this pattern, BTC has maintained support above $105,000 for two consecutive days, increasing the likelihood of continued strength."
BTC Surpasses $108,000
According to Coinness market monitoring, BTC has surpassed $108,000. On the Binance USDT market, BTC is trading at $108,000.
