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The U.S. Senate plans to push for full Senate consideration of the CLARITY Act on July 20.

1 hours ago

The Clarity Act, which would establish a regulatory framework for the digital asset industry, is facing a critical legislative window. U.S. bipartisan negotiations have yet to reach consensus on key issues including government officials’ ethics rules and illegal finance. If the bill fails to advance before the August congressional recess, there will be almost no legislative window before the midterm elections, potentially sending the legislative process back to square one. Currently, Republican leadership aims to push for consideration during the week of July 20, but it needs at least seven Democratic senators’ support to pass.

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Iran strikes at U.S. targets in the Middle East.

According to Iranian media reports, Iran has launched a series of strikes against U.S. targets in the Middle East. (Xinhua News Agency)

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A crypto whale has accumulated nearly $100 million worth of ETH and WBTC since June 30.

According to Lookonchain’s monitoring, a whale has withdrawn a total of 49,407 ETH (worth approximately $84.3 million) and 250 WBTC (worth around $15.66 million) from Binance since June 30, totaling roughly $99.86 million.

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SK Hynix CEO: 2027 will mark the most supply-constrained year in storage industry history.

SK Hynix CEO Kook Noo-jung said this week that 2027 will be the tightest supply year in the memory industry’s history, with customers actively pursuing long-term supply agreements. Even amid ongoing capacity expansion, demand is likely to outpace supply after 2030. SK Hynix’s American Depositary Receipts (ADRs) closed 12.76% higher on their debut trading day, raising approximately $26.5 billion and setting a new fundraising record for a foreign company’s U.S. IPO. The company stated that the proceeds will be primarily allocated to investments in fabs, advanced packaging lines, and lithography equipment, as well as to deepen partnerships with AI clients and expand its AI talent reserve. Meanwhile, Kook Noo-jung revealed that the firm is exploring a "memory as a service" (MaaS) model, potentially offering storage resource rental services to clients instead of direct chip sales. Industry institutions forecast that, driven by AI computing power demand, the HBM market will remain undersupplied, with HBM4 prices projected to double in 2027 from 2026 levels. Global HBM manufacturers are locking in production capacity by signing 3- to 5-year long-term agreements with top-tier AI clients.

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Tom Lee: The booming Robinhood Chain further highlights ETH's on-chain monetary attributes

Bitmine Chairman Tom Lee stated in a post that Robinhood Chain is rapidly becoming a phenomenal product, with its trading volume surpassing many mature crypto decentralized exchanges (Dex). Lee pointed out that Robinhood Chain uses ETH as its native gas token, all transaction fees are denominated in ETH, and final settlement is conducted on the Ethereum Layer 1 network. This design further underscores ETH’s core position in the on-chain economic system, making it increasingly clear that “ETH is money”.

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A crypto whale’s swing trading of ETH generates an additional $1.515 million in profits.

According to monitoring by ai_9684xtpa, a smart money address that previously netted $5.05 million from low-buying and high-selling ETH over two months has executed another successful trade. Between June 6 and 7, the address built a position of 6,109 ETH at an average price of $1,575.74. Six hours ago, it deposited the ETH into Binance at a price of $1,823, receiving an equivalent amount of USDT, locking in a profit of $1.515 million.

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Phantom wallet’s transfer and swap functions have experienced abnormal performance degradation.

According to official announcements, some Phantom Wallet users are currently experiencing performance issues when using its transfer and swap functions. The team is investigating and addressing the problem, and will provide timely progress updates.

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