Overview of Today's News

1. The President of the United States signs an important tax and spending bill.

2. Turkey implements access restrictions on decentralized exchanges for the first time.

3. Users of a certain trading platform can apply for AIN token airdrop.

4. A dormant Bitcoin address with a large amount has been activated after 14 years.

5. A senior executive from a trading platform commented on the large Bitcoin transfer incident.

6. The total financing amount for crypto projects in the first half of 2025 reached 10.3 billion USD

7. Topics related to "stablecoins" have sparked heated discussions on social media.

8. In the first half of 2025, the number of new Bitcoin millionaire addresses exceeded 26,000.

Regulation and Macroeconomics

Turkey Implements First Sanctions Against Decentralized Exchanges

The Capital Markets Board of Turkey has implemented access restrictions on a decentralized exchange on the grounds of "providing cryptocurrency services without authorization," marking the first time the country has taken sanctions against a decentralized exchange. Also banned is a cryptocurrency price comparison platform. This decision is based on the regulatory authorization obtained by the board last year, allowing it to block unlicensed foreign cryptocurrency service platforms targeting Turkish users. Analysts point out that this move sets a precedent for Turkish regulatory agencies to crack down on decentralized exchanges, which may affect other similar platforms. Previously, Turkey mainly targeted centralized exchanges that did not apply for local licenses.

Russian State-Owned Enterprises Plan to Launch Ruble-Linked Stablecoin

The Russian state-owned enterprise announced the launch of a stablecoin RUBx, pegged 1:1 to the ruble, and the payment platform RT-Pay on a certain blockchain. As the core enterprise of the Russian military-industrial complex, the group will act as the sole issuer and operator of RUBx and maintain the pegged value through the legally stipulated "actual ruble debt."

The RT-Pay system will directly interface with the Russian banking settlement network, supporting real-time transfers and smart contract fund locking for businesses and individuals, claiming to comply with anti-money laundering and central bank regulatory requirements. The project code will be open-sourced to GitHub and subject to security audits by professional organizations. This move comes as the Central Bank of Russia simultaneously pilots the digital ruble and has recently allowed financial institutions to offer crypto-related products to qualified investors.

Central Bank of Bahrain Releases Stablecoin Regulatory Framework

The Central Bank of Bahrain has announced the launch of a licensing and regulatory framework for stablecoin issuers, aimed at ensuring the secure integration of stablecoins into the financial system. The new regulations allow licensed entities to issue single-currency stablecoins backed by the Bahraini Dinar, US Dollar, or other approved fiat currencies. This initiative aims to reduce the risks of unregulated stablecoins, enhance investor confidence, and promote sustainable growth in the industry.

The Executive Director of the Central Bank's Market Development stated that this move will consolidate Bahrain's position as a financial hub in the Middle East. The head of the Capital Markets Supervisory Authority emphasized that the new framework reflects a commitment to comprehensive regulation of crypto assets, including strengthening investor protection measures and market transparency. This policy was announced at a fintech event co-hosted by the Bahrain Economic Development Board.

The President of the United States Signs Important Tax and Spending Legislation

The President of the United States signed an important tax and spending bill on the afternoon of July 4, which had previously passed the House of Representatives by a narrow margin. This bill reflects the President's significant governance agenda, with key provisions including tax cuts, reductions in spending on Medicare and nutrition assistance programs, and increases in military and border security spending.

There is serious disagreement among members of both parties in the U.S. Congress regarding the bill. In the House of Representatives vote, all opposition party members and two members of the ruling party voted against it. U.S. media believe that the bill will increase the already high fiscal deficit in the United States by approximately $3.3 trillion over the next decade, while tens of millions of Americans will lose Medicaid and food assistance.

Project Updates

The Ethereum Foundation provides funding support for developer teams

The Ethereum Foundation has announced that it will provide three years of operational funding to the Argot Collective to support its ongoing work on Solidity and other key open-source infrastructure for Ethereum.

A trading platform will launch a new project token

A trading platform has announced that its exclusive TGE Phase 29 will launch Boom Foundation ( BOOM ). The subscription time is from 4 PM to 6 PM on July 8, 2025 ( UTC+8 ). Eligible users must use platform points to participate. An additional 30 million BOOM will be used for future activities, and specific details will be announced later.

Ondo Finance Acquires Regulated Broker

The tokenization platform Ondo Finance announced the acquisition of the broker Oasis Pro, regulated by the U.S. Securities and Exchange Commission. Upon completion of the transaction, it will gain U.S. brokerage, alternative trading system (ATS), and transfer agent qualifications. This acquisition aims to pave the way for the launch of tokenized stocks, and services are expected to be opened to non-U.S. investors through its Global Markets platform in the coming months. Oasis Pro, established in 2019, was an early compliant platform and was one of the first U.S. companies authorized to settle digital securities using fiat and stablecoins. Ondo plans to operate a digital securities trading system with the acquired ATS license, which is still pending regulatory approval, and the CEO of Oasis Pro will join the Ondo team thereafter.

WLFI Token Transfer Proposal Released

A certain cryptocurrency project has officially proposed a transferability proposal for the WLFI token to seek community input. Regarding the unlocking for early supporters, a portion of the WLFI supply has been sold to early supporters, and some of these tokens will be eligible for unlocking when transferability is launched; the remaining tokens will be subject to a second vote by the community to determine the unlocking and release schedule; the tokens for founders, team, and advisors will not be unlocked initially and will be subject to a longer unlocking schedule than early supporters; the timing of the unlocking and any eligibility requirements will be determined later.

If the proposal is approved, it will implement and achieve transferability, initiate the allocation to qualified early supporters, start community governance through a second vote on the remaining unlocks, and continue ecosystem expansion and partner integration.

Brazilian Payment Service Provider Under Cyber Attack

Recently, Brazil's central bank service provider C&M Software suffered a cyber attack, resulting in losses of approximately $140 million. On June 30, 2025, reserve accounts of six financial institutions were illegally accessed, with attackers converting fiat currency into Bitcoin, Ethereum, and USDT through Latin American over-the-counter trading and exchanges. It is estimated that at least $30 million to $40 million was converted into cryptocurrencies. Brazilian law enforcement revealed that criminals paid only $2,760 to one C&M employee to gain access to the company's login account and password.

Users of a certain trading platform can apply for AIN token airdrop

According to the official announcement, Infinity Ground (AIN) trading will start on July 5 at 17:00 UTC+8. After the trading begins, users holding at least 140 platform points can claim airdrop of 600 AIN tokens. First come, first served, until the airdrop pool is exhausted or the event ends. Claiming the airdrop will consume 15 platform points. Users must confirm the claim on the event page within 24 hours, otherwise it will be considered a waiver of the airdrop.

Opinion

Options traders bet that July will bring a "big market"

The research director of the derivatives trading platform Derive stated in the latest market report that the implied volatility of Bitcoin and Ethereum decreased in June, prompting Derive.xyz traders to position themselves this month in anticipation of a significant market breakout. Data shows that the 30-day implied volatility is on a downward trend, with Bitcoin's implied volatility dropping from 44% to 36% and Ethereum's from 68% to 60%. The platform believes that Bitcoin and Ethereum may be bullish this month and in the third quarter, but is more optimistic about Ethereum's volatility potential. The Derive probability engine indicates that the likelihood of Bitcoin breaking through $130,000 before the end of August is only 10%, yet traders are concentrating their positions at that price level. However, nearly 80% of Ethereum's July-expiring options on the Derive platform have bullish positions above $3,000.

An executive from a trading platform comments on the large Bitcoin transfer incident

A certain trading platform supervisor expressed the view that the recent large transfer of BTC address (, valued at approximately $8 billion, may have been hacked or the private key stolen. He pointed out that one of the related addresses initiated a test transaction through the BCH network about 14 hours ago and transferred all BCH. About an hour later, the BTC wallet began transferring assets. The wallet holder may be testing the private key in a low-key manner, as BCH is not subject to strict monitoring by whale surveillance services. This speculation arises because other BCH wallets have not been touched at all. He emphasized that these are extreme speculations, but the movements here are very strange. If the speculation is true, this would be the largest theft in human history to date.

Research Institutions Analyze Bitcoin Price Trends

10x Research's analysis states that a significant shift has been happening behind the scenes since July 2024. Eight early Bitcoin wallets that had been dormant for 14 years were reactivated on Friday, with a total transaction amount of $8.6 billion. These early wallets have been a persistent issue in the market ) posing potential selling pressure (, and they are a key reason why Bitcoin has struggled to achieve significant gains over the past six months, although there are no clear signs that these wallets intend to sell. The so-called "super whales", which are early Bitcoin miners and long-term holders, have started to gradually sell off their Bitcoin holdings. Early holders are slowly shifting towards ETFs and corporate bonds. A covert tug-of-war is unfolding between long-term early holders and institutional whales, with only one side ultimately able to win.

Analysts believe the dividend period for Bitcoin treasury strategies may have ended.

A chief analyst from a certain research institution expressed the view that the Bitcoin treasury strategy is much shorter than most people expect, and for many newcomers, it may already be over. This is not "a race of measurement"; the key is the sustainability of a company's products and strategies in the long-term Bitcoin market. As investors favor early adopters, newly established Bitcoin treasury companies are facing a tough battle. "No one wants to be the 50th treasury company."

Important Data

• The topic "What is a stablecoin" has topped the hot list on a certain short video platform.

• In the first half of 2025, the number of new Bitcoin millionaire addresses exceeded 26,000.

According to Finbold's "Cryptocurrency Market Report for the First Half of 2025", the number of addresses holding Bitcoin worth over $1 million significantly increased in the first half of 2025. From January 1 to June 30, 2025, the total number of wallets holding Bitcoin worth over $1 million rose by 26,758, from 155,569 at the beginning of the year to 182,327 by the end of June. The report indicates that over 26,000 new Bitcoin millionaires were created in just six months, marking one of the strongest accumulation periods since the bull market of 2021, which may suggest that the market will be even stronger in the second half of the year.

• The total financing amount for cryptocurrency projects in the first half of 2025 reached $10.3 billion, surpassing the total for the entire year of 2024.

Data shows that the total financing amount for cryptocurrency projects in the first half of 2025 reached $10.3 billion, surpassing the total scale of 2024. Three landmark projects accounted for 22% of the total financing: 1. A stablecoin issuer raised $1.1 billion through an IPO on the New York Stock Exchange, with the stock price soaring 500% after listing. 2. A foundation associated with an instant messaging platform completed a $400 million token financing in March. 3. A project linked to a political figure completed a $300 million token launch on the presidential inauguration day in January and later raised $385 million through four rounds of financing. Notably, a Bitcoin mining company associated with the political figure's family raised $220 million during the same period to purchase mining machines. Venture capital firms predict that the annual industry financing could exceed $25 billion.

• A certain whale's 8th address holding 10,000 BTC was activated after being dormant for about 14 years.

According to on-chain data monitoring, an address that had been dormant for 14.2 years has just been activated. This address holds 10,009 bitcoins worth $1.079 billion, while in 2011, these bitcoins were only worth $33,994. It is reported that this is the 8th dormant bitcoin address that has been activated today, which has been inactive for over 14 years.

• Over 30.4% of Bitcoin has not been moved for more than 5 years.

Data shows that several BTC addresses that had been dormant for 14 years transferred hundreds of millions of dollars, while over 30.4% of Bitcoin has remained untouched for more than 5 years.

• A certain whale transferred a large amount of Bitcoin to the trading platform.

According to on-chain data monitoring, a whale has successively deposited 1,550 BTC) worth $167.36 million( into a trading platform over the past 13 hours.