The U.S. Treasury Department has officially rescinded the cryptocurrency broker reporting rule.

Update, on July 11th. Based on on-chain data, the Circle USDC Treasury minted an extra 250 million USDC on the Solana network at 7:53 AM (Beijing time).

On July 11th, as per on-chain analyst Ai Auntie (@ai_9684xtpa), following trader AguilaTrades reactivating a 20x leveraged long position on BTC, he has expanded his position to 3000.35 BTC within the past day. This position is valued at $347 million and currently holds an unrealized gain of $20.11 million.

On July 11th, according to official channels, Pump.fun has declared the official acquisition of the wallet tracking tool Kolscan. The specific acquisition amount remains undisclosed. As per the introduction, Kolscan mainly focuses on monitoring the actions of top on-chain traders. It offers real-time transaction dynamics, token profit and loss analysis, and a performance-based leaderboard.

On July 11th, San Francisco Fed President Daly expressed that she still thinks there could be two interest rate cuts this year. She also pointed out that the impact of tariffs on prices might be milder than anticipated. Daly disclosed that some businesses are in the process of negotiating to share the cost of tariffs, thus reducing the proportion passed on to end consumers. She stated that the U.S. economy is in a good state, with economic growth and consumer spending slowing down but not weakening. Inflation is moving closer to the Fed's 2% target. Daly said, "I believe there may be two interest rate cuts, but everyone's expectations have uncertainties, and we are considering implementing the cuts in the fall." (FXStreet)

On July 11th, according to Coinglass data, the total open interest of Bitcoin futures contracts across the entire network is 701,330 BTC (approximately $81.47 billion), hitting a new all-time high. Among them, the open interest of CME's Bitcoin futures is 154,220 BTC (approximately $17.91 billion), ranking first. The open interest of Binance's Bitcoin futures is 116,840 BTC (approximately $13.57 billion), ranking second.