The SEC has temporarily halted Grayscale's Digital Large Cap Fund's conversion to an ETF and will conduct further review

On July 3rd, the decentralized stablecoin infrastructure project Perena announced the completion of a new round of funding. This round of fundraising attracted over 350 supporters, with participation from institutions like Susquehanna, Native CryptoX, and Hermeneutic Investments. Previously, the Solana stablecoin trading infrastructure project Perena completed a $3 million pre-seed funding round, which was led by Borderless Capital.

On July 3rd, according to Markus Thielen, the director of 10x Research, as the ideal confluence of macro catalysts begins to take shape, Bitcoin is currently testing the upper limit of its consolidation range. He pointed out that under the influence of three factors: significant inflows into a spot Bitcoin ETF, uncertainty from the Federal Reserve, and a rapid decline in Bitcoin supply on cryptocurrency exchanges, Bitcoin may reach $116,000 in July. Historically, such a sustained outflow of funds indicates increased scarcity and upward pressure. If this trend persists, Bitcoin may be laying the groundwork for another breakout.

On July 3rd, as reported by Fox News correspondent Chad Pergram: Unannounced members of the House Freedom Caucus are gradually moving towards a deal. This deal will prompt those who have not yet voted to cast a favorable vote and may even cause originally opposing members to "switch to support." Tennessee Republican Congressman Tim Burchett stated: "I believe we are quite close to a certain kind of resolution." He himself had not voted at that time. He said they didn't even have the time for a nap during this process. A Republican source said an agreement is anticipated within a few hours.

On July 3rd, as per an official proclamation, the UK-listed firm Coinsilium Group's subsidiary Forza managed to raise $3.8 million and has plans to make an additional purchase of Bitcoin. On June 20th, Coinsilium Group Limited announced that its wholly-owned subsidiary Forza Gibraltar Limited acquired 10.2146 BTC, thereby increasing its total holdings to 43.1077 BTC.

On July 3rd, with the goal of further enhancing its global compliance capabilities and establishing a secure and transparent trading environment, the cryptocurrency exchange Websea disclosed its official integration with the internationally renowned on-chain Anti-Money Laundering (AML) system — MistTrack. It is reported that MistTrack, along with Chainalysis and Elliptic, is one of the top blockchain compliance analysis platforms in the world. This partnership indicates that Websea has officially joined the world's vanguard in terms of compliance and risk control system development. It not only meets the compliance requirements of multiple countries' regulations but also actively identifies risks through technological means, aiming to create a safer and more transparent trading environment for all users. With the support of MistTrack, Websea will lead the healthy and sustainable development of the industry with a more robust and trustworthy operational capacity.

July 3rd. According to official information, the custom video sharing image of GMGN has undergone significant updates. Now, users are able to use uploaded videos as the dynamic background of the PnL (Profit and Loss) sharing image. The videos can be in MP4 format and have a maximum duration of 10 seconds.