The U.S. Senate Votes to Remove AI Regulation Ban from Trump Tax Reform Bill

On July 1st, as per Businesswire, the cross-border e-commerce company DDC Enterprise (NYSE: DDC) declared the fulfillment of its previously announced $528 million financing plan. The investors comprise Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, etc., and the raised funds will be allocated to expand its Bitcoin reserves. The financing is composed of three components: a $26 million equity PIPE investment, $300 million in convertible senior notes, a $2 million equity private placement, and a $200 million equity line of credit. BlockBeats had previously reported that on June 12th, DDC Enterprise (NYSE: DDC) announced the acquisition of an additional 38 bitcoins, bringing the company's total bitcoin holdings to 138 bitcoins.

July 1st, Market News: Musk declared that he will take charge of Tesla's (TSLA.O) sales in both Europe and the United States subsequent to the departure of Tesla executive Omead Afshar. (FXStreet)

On July 1st, as per Cointelegraph, the base layer prediction market Limitless has successfully completed a $4 million strategic funding round. Participants in this round include Coinbase Ventures, 1confirmation, Maelstrom, Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, and WAGMI Ventures. Previously, Limitless had raised $3 million in a seed round. Combining this with the new funds, the total funding amounts to $7 million. The new funds will be utilized to make preparations for the upcoming total game earnings (TGE).

July 1st. This date marks the 28th anniversary of the Handover of Hong Kong. UXUY officially announced that its annual event "UXUY ?? HK" will take place in Hong Kong on July 8th at 13:30. This is the third time UXUY has organized this event, and it will focus on the Digital Asset Policy Manifesto 2.0 and the Hong Kong Dollar Stablecoin. According to the "Hong Kong Digital Asset Policy Manifesto 2.0", the Hong Kong Special Administrative Region will implement a Stablecoin Issuer Regulatory Regime starting from August 1, 2025. This is expected to significantly reshape the global digital asset landscape and break the long-term monopoly held by USD stablecoin issuers such as Tether and Circle. UXUY founder Kevin stated: "Since its establishment, UXUY has been dedicated to building a stablecoin-friendly multi-chain DEX. Users can conveniently carry out one-stop transactions of digital assets through the UXUY APP 2.0, supporting new areas such as tokenized stocks (coin stocks) trading and

On July 1st, according to BitcoinMagazine, South Africa's state-owned electricity company, Eskom, is going to explore the entry into the Bitcoin mining field.

On July 1st, as per TheBlock, Matt Hougan, the Chief Investment Officer of Bitwise, declared that Bitwise has a target price of $200,000 for Bitcoin by 2025. Nevertheless, he is not highly confident that ETH and SOL can reach new highs this year. Matt Hougan and Ryan Rasmussen, the Research Director, stated in a client report: "This year, the prices of cryptocurrencies have been fluctuating. They have benefited from strong inflows into ETFs, the increased demand for Bitcoin fund management companies, and the potential establishment of a strategic U.S. Bitcoin reserve. The price of Bitcoin reached an all-time high in May. However, both Ethereum and Solana have witnessed declines so far this year, and macro risks are impeding the accelerated progress of the bull market."