Bitpush Editor's Daily Selected Web3 News:
【Bitcoin Reaches New Historical High】
Bitcoin broke through the previous high set on May 22, refreshing the historical high to nearly $112,000 per coin, with an intraday increase of nearly 3%.
【Federal Reserve Meeting Minutes: Divergent Views on Inflation Outlook, Only Few Willing to Consider July Rate Cut】
The Federal Reserve's June meeting minutes showed that policymakers believe the potential inflationary impact of tariffs has "considerable uncertainty" in terms of time, scale, and duration. They have no unified answer on how much tariffs will affect inflation, depending on how tariffs are transmitted to the economy and the progress of trade negotiations. Since the June meeting, Fed governors Christopher Waller and Michelle Bowman proposed the possibility of a rate cut this month based on moderate inflation data. The minutes revealed that a "minority" of officials are willing to consider a rate cut at the July 29-30 meeting. Most officials believe that "moderately lowering" policy rates this year might be appropriate. However, most officials still maintain that the stable economic performance of the United States gives them patience in adjusting rates. The policymakers' assessment of economic growth is "robust," believing the unemployment rate is low. "Participants believe that despite reduced uncertainty in inflation and economic prospects, monetary policy adjustments should still be approached cautiously."
【pump.fun: PUMP Will Launch Initial Token Offering on July 12, with 33% for Public ICO】
pump.fun announced that PUMP will launch its initial token offering on July 12, with a total token supply of 1 trillion, and the allocation includes: 33% for public ICO, 24% for community and ecosystem incentives, 20% allocated to the team, 2.4% for ecosystem fund, 2% owned by the foundation, 13% allocated to existing investors, 3% for livestream-related purposes, and 2.6% for liquidity and exchanges.
【Sources: Circle Reaches Revenue Sharing Agreement with Bybit for USDC】
According to COINDESK, sources revealed that Circle has reached a revenue sharing agreement with Bybit for USDC.
Circle's pre-IPO filing shows that Binance has received $60.25 million in prepaid fees from Circle and will continue to receive monthly rewards based on a percentage of the exchange's USDC balance. The filing indicates that this reward amount is a median to high percentage of a fixed rate linked to SOFR.
【Justin Sun: Promises to Purchase $100 Million of TRUMP, Believes TRUMP and TRON Are the Future of Cryptocurrency】
TRON founder Justin Sun announced on Wednesday (July 9) via X platform (formerly Twitter): "We promise to purchase $100 million of TRUMP. TRUMP and TRON will be the future of cryptocurrency. This move highlights our belief in cross-ecosystem collaboration to develop the crypto landscape together with communities like @GetTrumpMemes (official X account for presidential meme coin)."
Previously, TRON DAO announced on Monday (July 7) that the TRUMP meme coin will be officially launched on the TRON blockchain, meaning the meme coin will expand from its original Solana chain to the TRON network, aiming to leverage TRON's massive user base and faster transaction speeds. As of 2:42 PM Eastern Time on Wednesday, the TRUMP coin was priced at $8.89, up 2.7% for the day.
As one of the top TRUMP meme coin holders, Justin Sun was invited to a dinner hosted by Trump earlier this year. According to CNBC, before attending this VIP dinner, Justin Sun had stated that he holds nearly $19 million worth of TRUMP meme coins, making him the largest individual holder.
【CZ: Heard Over 30 Teams Are Preparing to Launch BNB Treasury-Related Public Company Projects】
Binance founder CZ responded on social platforms regarding whether BNB will join the treasury, stating that over 30 teams want to launch BNB treasury-related public company (Public Co.) projects.
【Trump Pushes US House of Representatives to Support Senate Stablecoin Bill】
According to CoinDesk, the US House of Representatives plans to vote next week on the Senate's proposed 'GENIUS Stablecoin Act', abandoning their own version. This move responds to President Trump's call to accelerate cryptocurrency legislation, and if passed, will become the first significant crypto regulatory law in the United States.
The House is simultaneously focusing on the 'Digital Asset Market Clarity Act', aiming to establish a comprehensive crypto market regulatory framework. The Senate Banking Committee hopes to complete the legislative process by September 30.
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