David Sacks: The week of July 14 is Crypto Week, which will see the review of multiple crypto bills

On July 4th, Musk launched a poll on Twitter and asked, "The USA Independence Day is the most appropriate time to consider whether you want to abandon the two-party system (some might say one-party system)! Should a new party be established in America?" Previously, on July 1st, Musk stated that if the "Beautiful Act" was passed, a new American political party would be formed the following day. This morning, Trump's "Beautiful Act" was passed by the House of Representatives and is scheduled to be signed at 5 a.m. on Saturday. In addition, on June 6th, Musk initiated a poll on social media asking, "Is it time to create a new party in the U.S. that truly represents the middle 80% group?" The poll received 5,630,775 user participations, with 80.4% of users choosing to support this idea.

On July 4th, Ondo Finance is set to acquire the SEC-regulated broker-dealer Oasis Pro in order to advance its tokenized US stocks business. The acquisition price remains undisclosed. This acquisition will endow Ondo with a suite of US securities licenses, including a broker-dealer regulated by the SEC, an Alternative Trading System (ATS), and a transfer agent. Ondo Finance intends to commence tokenized stock trading in the forthcoming months.

July 4th: As a crucial branch of cryptocurrency, stablecoins have long been regarded as a "stable" payment tool. However, their nature is not completely as "stable" as their name implies. The Hong Kong dollar maintains a stable exchange rate through the Hong Kong Linked Exchange Rate System. Meanwhile, during the Bretton Woods system era, the US dollar was also a "quasi-stablecoin" pegged to gold until it was unpegged from gold in 1971 and became a freely floating currency based on market supply and demand. Stablecoins are typically backed by traditional currencies or assets such as the US dollar or US Treasury bonds. On May 20th, the US Senate passed the "Genomic Stablecoin Unified Standards Act" (GENIUS), which marks a significant breakthrough in the regulation of stablecoins in the United States. Similarly, Hong Kong has also proposed a Stablecoin Bill to regulate the issuance of fiat-backed stablecoins. The emergence of stablecoins is not only an upgrade in financial technology bu

On July 4th, as monitored by Whale Alert, just 5 minutes ago, an address holding 10,000 BTC (approximately $10.92 billion) was activated after being dormant for 14.2 years. The value of these BTC was only $34,023 when they were sent to the address in 2011. It is worthy of note that this is the third super dormant address to be activated today. All three addresses contain 10,000 BTC each, and the previous two addresses belong to the same OG whale.

July 4th: As per TASS, the core enterprise within the Russian military-industrial complex, Rostec, declared that it is set to launch a stablecoin named RUBx which is pegged at a 1:1 ratio to the ruble on the Tron blockchain, along with the RT-Pay payment platform. Rostec will act as the sole issuer and operator of RUBx and maintain its pegged value through a legally mandated "Ruble Actual Debt." The RT-Pay system will be directly linked to the Russian banking settlement network, facilitating real-time transfers for businesses and individuals as well as enabling smart contract fund locking. The RUBx stablecoin and RT-Pay payment platform project code will be made available on GitHub and undergo a security audit by CertiK. Meanwhile, the Russian Central Bank is also conducting a pilot for the digital ruble, having recently permitted financial institutions to offer relevant products to qualified investors.

On July 4th, Justin Sun once again appeared on the cover of "Asia Weekly" after fourteen years and granted it an exclusive interview. During the interview, Justin Sun claimed that Bitcoin has the potential to challenge the US dollar's status as the global reserve currency in the next decade. Core technologies in stablecoins and cross-border payments, the integration of AI and blockchain, and cross-chain interoperability will be widely promoted or adopted. Before this, Justin Sun appeared on the cover of "Asia Weekly" in 2011 and attracted attention as a young entrepreneur and an early Bitcoin investor.