Trump’s crypto czar David Sacks: Stablecoin bill will pass the Senate
David Sacks, US President Donald Trump’s advisor on cryptocurrency and artificial intelligence, announced that he predicts that the stablecoin law will be adopted with bipartisan support in the Senate. Sacks stated that the law will provide clarity and confidence to the industry and that the administration maintains its strategic stance on this issue.
Speaker of the House of Representatives: Tax bill will pass before July 4th
US House of Representatives Speaker Mike Johnson reiterated that Trump’s comprehensive tax cut bill will pass the House before July 4th. The bill includes individual and corporate tax cuts, as well as new regulations that could impact cryptocurrency transactions.
Strategy Corporation has signed a sales agreement to raise a total of $2.10 billion in capital through Series A perpetual preferred shares with a 10% interest rate. The move is seen as part of the company’s strategy to create new sources of funding for Bitcoin purchases.
Cetus Protocol hacked, $260 million in losses reported
Cetus Protocol, which runs on the SUI network, suffered a massive cyberattack and lost more than $260 million. The hackers converted the funds into USDC and moved them to the Ethereum network. The protocol’s smart contracts were temporarily suspended and 60 million USDC in cross-chain transfers were reportedly completed.
New record in the Deribit options market: Open positions at $42.5 billion
As the price of Bitcoin surpassed $111,000, the total value of open options positions on Deribit reached $42.5 billion. Call options at $110,000, $120,000 and $300,000 have particularly high open interest rates. This points to a strong bullish expectation across the market.
MARA reaches 500 BTC revenue deal with Two Prime
Bitcoin mining company MARA plans to generate passive income by providing 500 BTC (approximately $55.35 million) to compliant broker Two Prime. This collaboration builds on previous mortgage and lending relationships and supports MARA’s strategy to transform its assets into operational revenue streams.
FIFA and Avalanche partner for a private L1 blockchain
FIFA has announced that it will launch its own private Tier 1 blockchain in partnership with Avalanche to expand its Web3 strategy. This private chain will be built on Avalanche’s subnet architecture and designed for FIFA’s customized digital services. The development opens a new chapter in the institutionalization of blockchain-based sports and entertainment platforms.
