CZ: Binance Achieved Around $1 Billion in Profit in Its First Year

July 7th. According to official channels, the Bitcoin Thunderbolt Network, which is led by early Bitcoin Core developers and the Nubit team, officially opened its Thunderbolt Station today to reserve channels. In the initial stage, the tsUSD token was officially launched, enabling institutions and eligible users to reserve network construction capacity and participate in the distribution of mainnet rewards. The station will be opened in three phases. Currently, users can lock in future construction capacity by using the tsUSD token and reserve support for BTC, USD1, and Taproot script assets such as BRC-20 and Runes as payment methods. This marks the first time that Bitcoin native assets have been utilized in a mainnet infrastructure participation scenario. According to insiders, several institutions, family offices, and investment institutions have confirmed their participation. The total interest in the first round is expected to exceed $1 billion. The developer community is also c

On July 7th, Justin Sun announced on social media that the trading pair with a value of USD1 (issued by the Trump family's project WLFI) is now officially available on the Tron network. The first batch of trading pairs listed on major decentralized exchanges (DEXs) consists of USDT/USD1, TRX/USD1, and NFT/USD1.

On July 7th, according to the monitoring of whale-alert, the Circle USDC Treasury minted 250 million USDC on the Solana network at 19:36 (Beijing time).

On July 7th, Crypto.com has incorporated its custody service functionality into the TON Blockchain, thereby further bolstering its institutional support for the TON (Telegram Open Network) Foundation (1). Simultaneously, the TON Foundation has become a client of Crypto.com Custody, enabling it to access a highly secure institutional-grade custody infrastructure specifically designed to support TON-based assets. Crypto.com Custody clients will be able to participate in staking TON tokens and earn rewards through this partnership, ensuring the safekeeping of their TON assets in a secure environment. Additionally, support is now available for accessing Jettons (native tokens of the TON Blockchain), such as USDT and any other stablecoins that may be deployed on the network. These enhancements will assist Crypto.com in fulfilling its broader mission of facilitating institutional users' interaction with the TON blockchain ecosystem.

July 7th. According to official channels, Binance Alpha is scheduled to list RCADE (RCADE) on July 9th. Qualified users can access the Alpha activity page once Alpha trading commences and claim the airdrop by using Alpha Points. More specific details will be provided at a later time.

On July 7th, as reported by cryptoinamerica, the Digital Asset Working Group of the Trump administration is making intensive preparations to submit the first significant cryptocurrency policy report before July 22nd. This report is the outcome of several months of collaboration between the working group led by David Sacks and Bo Hines and high-level officials from the Treasury Department, Commerce Department, SEC, CFTC, and other agencies. Its purpose is to implement the executive order signed by President Trump in January to enhance America's leadership in the cryptocurrency field. The report is expected to contain regulatory and legislative recommendations, but the specific content remains unclear. The original mission of the working group included formulating a federal digital asset framework covering stablecoins (as Congress has initiated relevant procedures) and exploring the establishment of a national digital asset reserve (established by Trump in March). Caroline Pham, a member