Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

According to monitoring by Onchain Lens, a wallet linked to Andreessen Horowitz (a16z) withdrew 12,780 ETH (approximately $21.22 million) from Binance.

Polychain Capital senior partner Josh Rosenthal stated in a post that, “After nearly five years working at Polychain Capital, I’ve decided to leave. I was fortunate to witness up close the birth and growth of some companies that have defined the cryptocurrency industry, for which I will always be grateful. I am now embarking on a new venture and look forward to sharing more details in the near future.”

The U.S. House of Representatives Committee on Financial Services will hold a hearing on the Clarity Act on July 17.

Blockchain infrastructure firm Chainlink Labs has announced it will join Project Pangea, a consortium of banks that collectively manage over $10 trillion in assets, with the goal of advancing real-time cross-border foreign exchange (FX) payments and settlements based on stablecoins within a year. Niki Ariyasinghe, Chainlink’s vice president for Asia-Pacific and the Middle East, stated in a Tuesday video interview that the project aims to reshape the global FX market. Beyond Chainlink, the consortium includes Qivalis—a euro stablecoin consortium backed by 37 European banks—and UniKA, a South Korean banking alliance representing more than 10 commercial banks. The project seeks to transition FX settlements from the traditional T+2 (48-hour post-transaction) cycle to near-instant T+0 settlement, primarily leveraging regulated euro- and won-pegged stablecoins: crypto tokens anchored at a 1:1 value to their underlying fiat currencies.

OKX founder and CEO Star posted on social media that the digital asset industry is entering a new phase of more mature regulation in Europe. Clear rules, robust investor protection, and consistent regulatory oversight are key foundations for sustainable growth. OKX supports Europe’s vision of building a credible, transparent digital asset ecosystem, and will continue to uphold the highest standards of compliance, customer protection, and innovation. As MiCA (Markets in Crypto-Assets) enters its full implementation phase, consistent enforcement across jurisdictions will be critical to its success. Regulatory arbitrage has long eroded market trust and created an uneven playing field. A unified regulatory framework will help ensure that innovation, competition, and growth stem from product quality and customer value, rather than regulatory disparities.

BlackRock officially stated, "The role of Bitcoin in investment portfolios is evolving, and it can be regarded as a complementary diversification tool. We believe that, while maintaining appropriate risk tolerance, a moderate allocation (typically around 1%–2%) may help enhance the return potential of investment portfolios."