US Treasury Secretary: Around 100 countries are expected to receive at least a 10% tariff, multiple trade agreements will be announced

July 4th: The Republican leadership of the U.S. House of Representatives declared on Thursday that they have plans to give consideration to three significant cryptocurrency-related bills during the week commencing July 14th. These encompass: · The GENIUS Stablecoin Act (the version that has been passed by the Senate). · The Digital Asset Market Structure and Investor Protection Act. · A proposal aiming to restrict the Federal Reserve from issuing a central bank digital currency. It is worthy of note that although the House of Representatives had previously formulated its own stablecoin bill (the STABLE Act), in order to expedite the legislative process, they will give precedence to the Senate-passed version of the GENIUS Act. The "Digital Asset Market Structure and Investor Protection Act" will define the regulatory responsibilities of the SEC and CFTC with respect to cryptocurrency and enhance the requirements for investor protection.

On July 4th, on-chain detective ZachXBT took to social media to disclose that the UAE authorities have apprehended Ildar Ilham, the founder of the decentralized finance protocol WhiteRock Finance. He is accused of carrying out a $30 million fraud through the gambling platform ZKasino. The case details show that when the ZKasino platform was launched in April 2024, it had promised to airdrop native tokens to certain users. However, more than a year has passed without fulfilling this promise. In April of this year, Dutch authorities arrested a 26-year-old suspect (reportedly a crypto influencer named Elham Nourzai) on charges including fraud, embezzlement, and money laundering. ZachXBT pointed out that Ilham's arrest is related to the investigation of Nourzai and ZKasino, and the extradition procedures to the Netherlands are currently in progress. Another suspected individual, Lior Ben Zakan, has not been mentioned yet. Influenced by this news, the price of the WhiteRock native token

On July 4th, Trump declared that the earliest the United States could commence sending letters to trading partners with unilaterally determined tariff rates would be Friday (local time 4th), and July 9th serves as the deadline for negotiations. Trump stated on Thursday in local time, "We might start dispatching some letters. Probably starting tomorrow, perhaps we will send 10 letters to different countries each day, notifying them of the tariffs they are required to pay for trading with the United States." Trump said on Tuesday that he is not contemplating postponing next week's deadline. When inquired whether negotiations could be extended, U.S. Treasury Secretary Benet earlier on Thursday mentioned that Trump would make the ultimate decision. (FX678)

On July 4th, as monitored by Whale Alert, Tether minted 1 billion USDT on the Ethereum network just 3 minutes ago.

On July 4th, U.S. Treasury Secretary Benson refuted the idea that the recent depreciation of the U.S. dollar would have an impact on its status as the world's primary reserve currency. Benson said this week, "The price of the dollar has no relation to a strong dollar policy. The essence of a strong dollar policy lies in whether we are taking steps in the long term to ensure that the dollar remains the global reserve currency." He believes that the Trump administration is indeed taking such steps. The U.S. Dollar Index declined by nearly 11% in the first half of the year, representing its worst first-half performance since 1973. This depreciation took place against the backdrop of concerns regarding the policies of the Trump administration, especially the potential impact of tariff hikes on economic growth and the administration's tough diplomatic stance towards long-standing allies who have historically invested in the United States. Benson stated that the Republican tax bill "created

On July 4th, the White House announced that U.S. President Trump is going to sign the "Beautiful Act" on Friday at 5 p.m. (5 a.m. Beijing time the next day).