Agricultural Bank: No plans to develop a stablecoin at the moment

On July 3rd, according to on-chain data, Circle minted 2.5 billion USDC on the Solana blockchain 3 minutes ago.

On July 3rd, the publicly traded Bitcoin mining company MARA announced that it currently has 50,000 BTC in its treasury. With a current hash rate exceeding 57 EH/s, MARA intends to reach a hash rate of 75 EH/s by the end of the year.

July 3, 2025 - On Thursday, July 03, 2025, the Wall Street Fear and Greed Index (US Session) ascended to the extremely greedy area, achieving this for the first time since March 2024. (FXStreet)

On July 3rd, the President of the Boston Fed stated that the US might be moving towards a period of higher inflation. (Kinetic)

On July 3rd, Backpack officially announced on social media that "today all hodlers will receive double loyalty point rewards. For users who have encountered unexpected losses during the maintenance period, please send an email to the official Backpack mailbox, and we will provide compensation after investigation and confirmation."

On July 3rd, U.S. Senator Cynthia Lummis introduced a comprehensive digital asset tax bill today. This has achieved several key victories for the crypto industry and is striving to create a level playing field for all American digital asset users. Cynthia Lummis stated, "To maintain America's competitive edge, we must reform the tax law to adapt to the digital economy instead of burdening digital asset users. Public input on this legislation is welcome as we aim to present it to the President's desk soon." According to the Joint Committee on Taxation, it is estimated that the bill will generate approximately $600 million in net revenue between fiscal years 2025 and 2034. The bill proposes reforms to various digital asset tax issues, including: · Exemption of small transactions from tax: Establish a $300 de minimis rule. · Elimination of double taxation for miners and stakers. · Tax parity between digital assets and traditional financial assets (such as lending, wash sales, mark-to-