Chainbase Foundation Established to Drive DataFi Ecosystem Adoption

On July 7th, Ursula von der Leyen, who is the President of the European Commission, declared that Europe has to showcase its strength during its trade negotiations with the United States. (Xinhua News)

On July 7th, as per Coindesk, among the measures implemented in the cryptocurrency field over the past few years, the Russian Ministry of Energy declared the establishment of a cryptocurrency mining equipment registry. This is to identify and regulate mining operations and subject them to new tax and regulatory provisions. It is reported that the relevant registry has been distributed to regions with frequent mining activities and will assist authorities in tracking and monitoring miners' energy consumption.

On July 7th, according to the monitoring of on-chain data analyst Yu Jin, the investment fund of the 1inch team withdrew 5,010,000 1INCH from Binance half an hour ago, with a value of $940,000. Yesterday, in the early hours, they used 1,757,000 USDC to purchase 9,652,000 1INCH on-chain. Then, they transferred 975,000 USDT to Binance to buy 1INCH. Finally, they withdrew 1INCH from Binance half an hour ago. As of now, since February, they have spent a total of $4.976 million to purchase 24.86 million 1INCH, with an average price of $0.20.

On July 7th, the TON Foundation declared in a posting that the UAE Golden Visa program emerged from independent cooperation between TON and a licensed partner specializing in blockchain infrastructure and tokenized assets. This preliminary work has not yet led to any formal agreement with any UAE government entity.

On July 7th, as per sources with knowledge of the matter, although the original deadline for the approval of the Spot Solana Exchange-Traded Fund (ETF) is October 10th, the U.S. Securities and Exchange Commission (SEC) is facing pressure to ensure a smooth approval process. The SEC has asked the issuer to amend and resubmit the Spot Solana ETF application by the end of July, indicating that the approval speed may be quicker than anticipated. This action comes after the automatic approval of the REX-Osprey SOL and Staking ETF, which started trading last week and received automatic approval under the 1940 Investment Company Act, which the SEC was unable to halt. A source with insider knowledge stated: "The SEC is under pressure to accelerate the approval process rather than waiting until the October deadline, especially considering the approval of REX Shares products last week." This reflects that the SEC may be adjusting its strategy to prevent any single product from gaining an undue

On July 7th, Nansen disclosed the latest Pendle project report on social media, indicating that Pendle has quietly emerged as the interest rate infrastructure in the DeFi field, with a total value locked (TVL) exceeding $4.8 billion and providing real yields. The recent upgrade, "Boros," has opened the gateway to a vast derivatives market. The Boros upgrade has enabled margin yield trading and funding rate market functionality. Pendle is no longer merely a yield-splitting protocol; it is constructing a complete on-chain yield curve. This is equivalent to creating an interest rate market for tokens, and its importance is self-evident. Nansen cited data stating that in May alone, Pendle paid out $3.86 million in fees to vePENDLE stakers, with an annualized rate reaching $23.65 million at the current rate. This is not just a project hyping a token; it is a DeFi business with real profit potential. Arca recently increased its PENDLE holdings by $7.67 million, and Binance Labs, Spartan, an