US Treasury Secretary: “We are putting the tax bill to a vote today.”
U.S. Treasury Secretary Benson announced that Trump’s “Big and Beautiful Bill” will be put to a vote today. Benson said he did not agree with Musk’s statement that the bill would be increased, adding that if the bill passes, there could be a surplus in the budget. He also reiterated that the Fed may delay interest rate cuts.
U.S. Senate Removes AI Regulation Ban from Trump’s Tax Reform Bill
The Senate voted to remove the artificial intelligence regulation ban from Trump’s tax reform bill, paving the way for regulations on AI technologies.
MARA Produced 211 BTC in June, Total Assets Reach 49,940 BTC
Bitcoin mining company MARA Holdings announced that production fell to 211 BTC in June. The main reason for the decline following May’s record production was temporary use of older machines due to weather-related restrictions and storm damage at the Garden City facility. The company did not sell any BTC in June.
Circle Launches Circle Gateway Service for Developers
Circle introduced Circle Gateway, a new developer service that aggregates USDC balances and provides cross-chain liquidity. Users can now perform transactions without prior deposits or rebalancing. The service will be available on the Avalanche, Base, and Ethereum test networks in July.
JPMorgan: Bitcoin Hashrate Dropped by 3% in June
JPMorgan reported that mining activities slowed down in June due to a heatwave in the US, resulting in a roughly 3% decrease in the Bitcoin network’s total processing power. Despite this, miners’ profitability continued to rise, with the daily block reward gross profit increasing by 13% month-over-month.
Singapore Tightens Regulations on Crypto Transactions
The Monetary Authority of Singapore has tightened regulations on crypto transactions to prevent financial crimes such as money laundering. After June 30, platforms that only serve overseas customers will be required to obtain a license.
Hut 8 to Open New Office in Dubai
Hut 8, a North American mining company linked to the Trump family, has announced that it will open an office in the Dubai International Financial Center. The company’s CEO stated that this step aims to increase efficiency in its capital strategies.
Deutsche Bank to Launch Crypto Custody Service in 2026
Deutsche Bank plans to launch a digital asset custody service in partnership with Bitpanda Technology Solutions and Swiss-based Taurus SA. The service will be aimed at institutional clients and will be launched in 2026.
Pantera Capital Launches Digital Asset Reserve Fund
Pantera Capital has opened its “Digital Asset Reserve Fund” to investors, offering investment opportunities in digital asset reserves. The fund offers the opportunity to invest at a 1:1 net asset value. Applications will be accepted until July 7.
Eric Trump: “The Path to the Presidency is Open”
Trump’s second son, Eric Trump, said in an interview with the Financial Times that if he decides to enter politics, the path to the presidency is open. Eric Trump currently serves as co-CEO of the Trump Organization.
Crypto Anti-Corruption Bill Rejected
Senator Jeff Merkley’s “Ending Crypto Corruption” bill, which targeted politicians who abuse crypto plans, was rejected by a vote of 46 to 54. The bill aimed to prohibit elected officials from using crypto for personal gain.
Paxos Launches MiCA-Compliant USDG Stablecoin in the EU
Paxos has launched its USD-pegged USDG stablecoin for European Union users. USDG is regulated by the Finnish Financial Supervisory Authority and is compliant with MiCA regulations.
Malaysia Plans to Streamline Crypto Asset Listing Process
The Malaysian Securities Commission has proposed allowing certain crypto assets to be listed on exchanges without prior approval. Public feedback on the proposal is being sought.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research
