Odaily News According to Lookonchain monitoring, an early whale who participated in Ethereum 1CO sold 501 ETH again 9 hours ago. This address purchased a total of 16,000 ETH through two wallets during the creation phase of Ethereum, at a cost of approximately US$4,960, with an average purchase price of approximately US$0.31; in 2017, it also purchased 804 ETH through exchanges at a price of US$459 per ETH. Since April 2021, this address has sold a total of 14,394 ETH, with a cumulative cash out of approximately US$50.11 million, at an average selling price of US$3,482. It currently still holds approximately 2,410 ETH, which is estimated to be worth approximately US$5.85 million at current prices. Its overall profit is approximately US$55.6 million, with an overall return rate of up to 149 times.

PANews reported on July 2 that game development studio Cold River Games completed a $2 million financing to support the development of the ARPG game "Crystalfall". This round of investment was participated by Beam Investments, CoinFund, Partnerinvest Norr, Avalanche Foundation, A100x Ventures, Lyrik Ventures, MH Ventures and others.

PANews reported on July 2 that according to Coindesk, New York Attorney General Letitia James warned Congress that the GENIUS Act lacks the necessary protection for the American public. She urged Congress to slow down and draft stablecoin legislation that can strike a balance between innovation and protection of the banking system. Letitia James proposed to regulate stablecoin issuers as banks and require holders to provide digital identity credentials to enhance law enforcement capabilities.

Odaily News Kaito announced the launch of Surf on the X platform, with rewards including 100,000 CYBER tokens and Surf Waitlist points. According to previous news, Surf had launched the Surf Web Waitlist on June 23.

PANews reported on July 2 that according to the monitoring of on-chain analyst Yu Jin, two addresses sold 8.2 million FARTCOIN (about 8.65 million US dollars) on the chain in the last 5 hours, causing the price of FARTCOIN to fall by 5% (from 1.08 US dollars to 1.02 US dollars). Among them, AY4p...7XP4 address sold 5.9 million FARTCOIN on the chain for 40,958 SOL 2 hours ago; 46aw...XN14R address sold 2.3 million FARTCOIN on the chain for 2.423 million USDT 5 hours ago.

PANews reported on July 2 that according to Lookonchain monitoring, a whale deposited 2,450 ETH (worth $5.94 million at the time) into Kraken after lying dormant for three years, locking in $2.74 million in profits. The whale initially withdrew 2,450 ETH (worth $3.2 million at the time) from Kraken at $1,305 on September 23, 2022, with unrealized profits exceeding $6.6 million at its peak.

PANews reported on July 2 that according to Cryptoslate, in the first half of this year, listed companies purchased 245,510 BTC, more than twice the 118,424 BTC purchased by ETFs in the same period. The figure so far this year is 375% higher than the 51,653 BTC purchased by companies in the first half of 2024. In contrast, the number of BTC purchased by ETFs has decreased by 56% compared with the same period last year. This may indicate that companies no longer view Bitcoin as a speculative investment, but more as a working capital reserve or long-term financial asset. The board cited inflation hedging, cross-border liquidity, and the fit between brands and digital finance as reasons for buying Bitcoin.

Odaily News Cookie DAO announced on the X platform that Cookie Snaps has been launched on vooi, and 1.25% of the total token supply will be allocated to platform users, and 50% of the token rewards will be issued at the TGE.

Odaily News According to @OnchainLens, after being silent for nearly three years, the whale recently deposited 2,450 ETH into the Kraken exchange, which is equivalent to about 6 million US dollars at the current market value. This operation brought it about 2.8 million US dollars in revenue.

PANews reported on July 2 that according to Decrypt, a listed cannabis and telemedicine company called Dogecoin Cash Inc. is embracing Dogecoin (DOGE). The company has established a wholly-owned subsidiary called Dogecoin Treasury to build a treasury and other related businesses for Dogecoin (DOGE). The company, formerly known as Cannabis Sativia, Inc., changed its name to Dogecoin Cash in November and began to expand its business from cannabis telemedicine and other cannabis products to cryptocurrency and blockchain projects. Dogecoin Cash Inc. has previously accumulated about $6 million worth of its derivative meme coin of the same name on the BNB chain.

PANews reported on July 2 that according to market news, according to IPO documents submitted to the U.S. Securities and Exchange Commission, cloud-based collaborative design software company Figma revealed that it has approximately $69.5 million in Bitcoin spot ETFs, and the board of directors has approved the purchase of an additional $30 million in BTC through USDC.

PANews reported on July 2 that according to Cryptonews, the U.S. Securities and Exchange Commission's Division of Corporation Finance outlined in a notice issued on July 1 what crypto ETF issuers must include in their documents. The guidelines cover everything from how to calculate net asset value and how to select service providers to detailed descriptions of custody practices and potential conflicts of interest. The SEC stated that issuers must make targeted disclosures based on their specific structure, emphasizing the review of asset selection, custody, conflicts of interest, and ETF creation/redemption mechanisms. On the same day, the SEC approved Grayscale's request to convert its digital large-cap fund into a spot ETF.

Odaily星球日报讯 据@EmberCN 监测，过去 5 小时内，两个地址在链上合计抛售约 820 万枚 FARTCOIN（价值约 865 万美元），导致 FARTCOIN 价格从 1.08 美元下跌至 1.02 美元，跌幅达 5%。

PANews reported on July 2 that according to The Block, Ethereum core developer Zak Cole announced the establishment of the Ethereum Community Foundation (ECF), whose mission is to support institutional adoption of Ethereum infrastructure and ultimately push up the price of ETH. The organization has raised millions of dollars worth of ETH to date, which will be allocated to projects building trusted neutral technologies. ECF will focus on funding "immutable and token-free" projects. In particular, the foundation is looking to support real-world asset applications that put stocks, bonds, real estate and other assets on the chain. It will also focus on projects that contribute to "public goods", including fixing mispriced blob space. The foundation will use token voting to determine grant allocations, and all funding decisions and discussions will be fully transparent. ECF's first project will be the "Ethereum Validator Association", which aims to give network validators a "voice in development" and express their preferences by staking ETH.

Odaily News Solana reserve management agency DeFi Development Corporation plans to issue a convertible bond due in 2030 to raise $100 million. The funds raised will be mainly used to increase holdings of Solana (SOL) and repurchase company shares. (Cointelegraph)

Odaily News The U.S. Senate passed the comprehensive tax cut and spending bill proposed by President Trump with 51 votes in favor and 50 votes against. During the Senate vote, Republican Vice President Vance, as the Senate Speaker, cast a key vote to break the deadlock. The bill is therefore called the big and beautiful bill. The revised bill has now been submitted to the House of Representatives for deliberation, and House Speaker Mike Johnson will strive to push it through before the July 4 deadline set by Trump. During the vote, senators voted on multiple amendments, showing the degree of controversy within Congress. (Cailian News)

PANews reported on July 2 that according to Cailian News Agency, on July 1 local time, the U.S. Senate passed a comprehensive tax cut and spending bill and submitted it to the House of Representatives. The U.S. Senate passed the comprehensive tax cut and spending bill proposed by U.S. President Trump with a vote of 51 to 50 that morning. During this period, senators voted on dozens of proposed legislative amendments. Republican Vice President Vance, who also serves as Senate President, cast a "deadlock-breaking" vote in a "tie" of 50 votes in favor and 50 votes against, and the amendment was passed with a vote of 51 to 50. The revised bill, which Trump called "big and beautiful", will now return to the House of Representatives, and House Speaker Mike Johnson will strive to pass the bill before the July 4 deadline set by Trump.

PANews reported on July 2 that according to The block, the U.S. Securities and Exchange Commission (SEC) approved the rule change proposal put forward by the New York Stock Exchange Arca in an "accelerated" manner to allow the shares of Grayscale Digital Large Cap Fund LLC to be listed for trading. The SEC stated that in accordance with Section 19(b)(2) of the Exchange Act, it now orders the accelerated approval of the proposed rule change (SR-NYSEARCA-2024-87) (as amended by Amendment No. 1). The fund is currently traded over-the-counter for qualified investors, mainly composed of Bitcoin, accounting for nearly 80%, followed by Ethereum, accounting for about 11%, and Solana, Cardano and XRP are also included, accounting for single digits.

Odaily News Bilal Bin Saqib, chief advisor to the Pakistan Cryptocurrency Council, said that in the future, Pakistans national Bitcoin reserves are ready to be deployed to DeFi protocols to generate returns. The Pakistan Cryptocurrency Council submitted a draft legal framework for national Bitcoin reserves on June 6, and the Ministry of Finance agreed to speed up the approval process. The government hopes to lead the global South in the development and adoption of digital assets. Bilal Bin Saqib was appointed Chief Advisor to the Pakistan Cryptocurrency Council in March 2025, responsible for guiding Pakistan to integrate cryptocurrency and blockchain technology into its financial ecosystem and ensure the development of a regulatory framework that meets global best practices. Michael Saylor will also serve as an advisor to help Pakistan establish Bitcoin reserves.

Odaily News The U.S. Senate narrowly passed President Donald Trump’s Big Beautiful Act on Tuesday, but crypto industry leaders were disappointed that the bill failed to include a key tax amendment for crypto users that they had previously pushed for. In the final hours of intense negotiations before the bill passed, pro-crypto lawmakers and industry policy leaders, led by Sen. Cynthia Lummis (R-Wyo.), worked to attach an amendment to the bill that included several crypto-related tax benefits for crypto miners, stakers, businesses holding large amounts of cryptocurrency, and ordinary digital asset users. However, time ran out and the amendment failed to make it to the Senate floor. One crypto policy leader called the outcome a “missed opportunity” and said they “just ran out of time.”