The Hong Kong SAR Government has announced the appointment and reappointment of 20 members of the Third Generation Internet Development Task Force as unofficial members.
On July 1st, the Hong Kong Special Administrative Region Government announced on June 30th that 20 unofficial members of the 3rd Generation Internet Development Task Force (Task Force) have been appointed and reappointed. Their terms will take effect from July 1, 2025, for a period of two years. A spokesperson stated: "Since its establishment in 2023, the Task Force has offered valuable perspectives on Hong Kong's potential and direction in the development of the 3rd Generation Internet, integrating innovation with practicality. The appointed and reappointed unofficial members are all outstanding industry leaders and professionals. With the recent release of the 'Hong Kong Digital Asset Development Policy Manifesto 2.0' by the government, their expertise and experience will contribute to driving the continuous growth of Hong Kong's digital asset ecosystem and establishing Hong Kong as a leading global hub for digital assets."
Starting from July 1, 2025, the unofficial members of the T
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Musk Slams Trump: "Beautiful Act" Will Enable President's Abuse of Power
On July 1st, Musk said in a tweet, "The actual essence of this spending bill ('Beautiful Bill') lies in the removal of funding for the enforcement of federal court orders. Although the bill is ostensibly intended to deport illegal immigrants, it evidently also empowers the president to abuse many other powers. Should such a thing be permitted?"
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Powell: "Unable to Say Whether Considering Rate Cut in July is Premature, Most Fed Members Expect Rate Cut Later This Year"
On July 1st, Federal Reserve Chairman Powell stated: It is impossible to determine whether considering a rate cut in July is too early. We observe that the labor market is gradually cooling down. The vast majority of Federal Reserve Board members anticipate a rate cut later this year. When we take into account the scale of tariffs, we paused our actions. As long as the U.S. economy remains strong, the cautious approach is to wait. We believe that the wise approach is to wait and obtain more information. (FXStreet)
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US Stock Market Open: Cryptocurrency Stocks Mixed, BMNR Up 70%
On July 1st, based on market data, the opening of the US stock market witnessed mixed trends in cryptocurrency-related stocks. These include:
Circle declined by 2.7%;
Coinbase dropped by 2.8%;
MicroStrategy decreased by 3.9%;
Trump Media & Technology Group went down by 2.61%;
NIP Group (NIPG) surged by over 9%, announcing today its entry into the Bitcoin mining field;
ECD Automotive Design Company (ECDA) surged by over 9.8%, having previously received a $500 million equity financing to establish a Bitcoin reserve;
Robinhood (HOOD) surged by over 4%, having previously announced the launch of a tokenized stock product based on Arbitrum and the construction of an RWA-specific Layer 2 network;
Ophthalmic biopharmaceutical company Eyenovia (EYEN) surged by over 5.2%, having previously announced a $50 million investment to launch the Hyperliquid (HYPE) treasury reserve strategy;
Bitmine Immersion (BMNR) expanded its gains to 70%, having previously announced the completion of a $250 million l
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Tesla's decline widens to 7.3%, marking the largest single-day drop since June 5th.
On July 1st, based on market information, Tesla's stock price experienced a 7.3% decline at the opening of the U.S. stock market, marking the largest single-day drop since June 5th.
Today, Trump stated that Musk was discontented due to the loss of the electric vehicle mandate. However, "he may lose even more than that." When asked whether Musk should be expelled, Trump said, "It is something that we need to think about carefully."
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MEET48「WEB3.0 Annual Global Idol Popularity Final Vote」 Breaking News: As of the latest update, a total of 16.92 million IDOL tokens have been used in the vote, accounting for 0.35% of the total supply.
On July 1st, the world's first Web3.0 AI-Agent and the creator and fan economy ecosystem community MEET48 focusing on the entertainment field announced the flash report results of the 1st Web3.0 Global Idol Annual Popularity Contest (The 1st Web3.0 All-Community Annual Idol Popularity Audition & Ceremony, abbreviated as WIPA).
As of the WIPA flash report, a total of 16,929,803 IDOLs have been consumed, accounting for 0.35% of the total IDOL supply, setting a historical record in the Web3 entertainment field. According to an official announcement from MEET48, it is expected that the estimated IDOL consumption at the time of the final WIPA results announcement will reach 2.33% of the total IDOL supply. According to DappRadar data, MEET48's activity Dapp has achieved 66,540 on-chain transactions and 65,390 active user addresses (UAW) in the past 7 days.
Prior to this, MEET48 announced the completion of a token financing round and received investments from many professional institutions
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