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The latest bankruptcy compensation list of FTX has been revealed, and users from 49 countries and regions may not be able to receive compensation.

The latest court documents in the FTX bankruptcy case show that users from 49 countries and regions may not be able to receive compensation, primarily due to local laws restricting encryption transactions. Over 82% of the claim amounts come from China, suggesting that the majority of Chinese users may face losses.
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CryptoWorldGrandMarshvip:
The latest court documents in the FTX bankruptcy case indicate that users from 49 countries and regions may not be able to receive compensation, primarily due to local laws restricting Crypto Assets trading. More than 82% of the claim amount comes from China, suggesting that most Chinese users may face losses.

In mid-July, three important encryption bills will be reviewed in the U.S. House of Representatives.

On July 4, the Republican leadership of the U.S. House of Representatives announced on Thursday plans to review three important digital currency-related bills during the week of July 14. These include: · GENIUS stablecoin bill (version passed by the Senate) · "Digital Asset Market Structure Clarity Act" · Proposal to restrict The Federal Reserve from issuing Central Bank Digital Money. It is worth noting that although the House had previously drafted its own stablecoin bill (STABLE Act), it will prioritize the review of the Senate-passed version of the GENIUS bill to expedite the legislative process. The "Digital Asset Market Structure Clarity Act" will clarify the regulatory responsibilities of the SEC and CFTC regarding crypto assets and strengthen requirements for investor protection.
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Trump notified trade partners of unilateral tariff rates in a letter as early as Friday.

Trump announced that the U.S. may start sending letters to trade partners on July 4, unilaterally setting tariff rates, and stated that July 9 is the deadline for negotiations, with no consideration for postponement. Treasury Secretary Mnuchin stated that Trump will make the final decision.
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Grayscale said that the U.S. SEC's suspension of its digital large-cap fund trading was "unexpected."

Grayscale is surprised by the SEC's suspension of trading for its digital asset fund, believing that this decision reflects a change in the regulatory environment and emphasizes that the regulation of digital asset products is dynamic and constantly evolving.
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Golden Morning Update | Overview of Important Developments Overnight on July 4

[Golden Morning News | Overview of Important Overnight Developments on July 4] 21:00-7:00 Keywords: Big and Beautiful Bill, Tax Reform Bill, Trump
1. Trump: Today's data is good news, much better than expected;
2. The "Big and Beautiful" bill has been passed by the House of Representatives in the United States, awaiting presidential signature;
3. U.S. Senator Cynthia Lummis introduced a comprehensive cryptocurrency tax reform bill;
4. U.S. Treasury Secretary: If the Federal Reserve does not cut interest rates, the rate cut in September may be larger;
5. Federal Reserve's Bostic: The U.S. economy may experience a longer period of high inflation;
6. Web3 gaming platform Distinct Possibility Studios completes $30.5 million funding;
7. White House: Trump will sign the Great and Beautiful Act into law at 5 AM on July 5th (Beijing Time).
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Trump: A signing celebration will be held at the White House tomorrow at 4 AM (Beijing time).

[Trump: Will hold a signing celebration event at the White House at 4 AM tomorrow (Beijing time)] US President Trump: Will hold a signing celebration event at the White House at 4 PM tomorrow (4 AM Beijing time on Saturday).
Previous reports indicated that the "Big and Beautiful" bill was passed by the House of Representatives in the United States and is awaiting presidential signature.
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White House: Trump will sign the Build Back Better Act into law at 5 AM (Beijing time) on July 5.

[White House: Trump will sign the Big and Beautiful Act into law at 5 AM on July 5 (Beijing time)] According to CCTV International News, the White House announced on July 3 local time that President Trump will sign the so-called "Big and Beautiful" Act, a large-scale tax and spending bill approved by both houses of Congress, at 5 PM local time on July 4 (5 AM on July 5 Beijing time), officially making it law.
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Trump will sign the "Beautiful Big Bill" at 5 AM on Saturday.

On July 4th, the White House announced that U.S. President Trump will sign the "Beautiful Big Act" at 5 PM on Friday (5 AM Beijing time the following day).
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The U.S. House of Representatives voted to pass the "Big and Beautiful" bill.

[U.S. House of Representatives Votes to Pass the "Big and Beautiful" Bill] On July 3 local time, the U.S. House of Representatives held a final vote on President Trump's large-scale tax reduction and spending bill, known as the "Big and Beautiful" bill. The bill has now received enough votes in favor to essentially pass. It is expected that the bill will next be sent to the White House and will be officially promulgated after being signed by President Trump.
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IBIT has now become the third highest income ETF under BlackRock, standing out among 1197 funds.

IBIT has become the third highest income ETF under BlackRock, standing out among 1197 funds, needing just an additional $9 billion to reach the top. This achievement is particularly significant given its only 1.5-year history.
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U.S. Treasury Secretary: About 100 countries are expected to receive at least 10% reciprocal tariffs, and multiple trade agreements will be announced.

On July 4th, U.S. Treasury Secretary Besant stated that a large number of trade agreements are expected to be reached before July 9th. Approximately 100 countries are expected to receive at least 10% of counterpart tariffs, and multiple trade agreements will be announced. ( Jin10 )
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US Treasury Secretary: The market is signaling a rate cut from the Federal Reserve (FED)

On July 4, U.S. Treasury Secretary Basant indicated that the market is signaling a rate cut by The Federal Reserve (FED). (Jin10)
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U.S. Treasury Secretary: Stablecoin legislation is expected to boost demand for U.S. Treasury securities.

[U.S. Treasury Secretary: Stablecoin legislation is expected to drive demand for U.S. Treasury bonds] U.S. Treasury Secretary Becerra stated that stablecoin legislation is expected to drive demand for U.S. Treasury bonds.
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U.S. Treasury Secretary: Expected stablecoin legislation will boost demand for U.S. Treasury securities.

On July 4, U.S. Treasury Secretary Becerra stated that the Treasury could initially supplement its general account by issuing treasury bills. The U.S. banking sector will bear more debt issuance. It is expected that stablecoin legislation will drive demand for U.S. government bonds. By the end of Trump's term, the national debt to GDP ratio is expected to reach around 90%. ( Jin10 )
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US Treasury Secretary: Trump will decide whether to extend trade negotiations

U.S. Treasury Secretary Mnuchin stated that Trump will decide whether to extend the deadline for negotiations with trade partners to July 9, and mentioned the progress of negotiations with the EU and Japan. Regarding Vietnam, he said that a protocol has been reached in principle.
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To delay the passage of the "Beautiful Big Bill" legislation, Democratic leaders broke the House record for the length of speeches.

On July 4, Democratic leader Jeffries spoke in the House of Representatives for over eight hours, breaking the record for the longest speech in the House, with the aim of delaying the passage of the "Beautiful Law" bill. Jeffries used his speaking time to read letters from constituents who may be affected by cuts to the social safety net programs, and named those Republicans who were about to support the bill. This speech was the Democrats' last-ditch effort to delay the bill's passage. Nevertheless, the bill is still expected to pass later on Thursday to meet the Republicans' self-imposed deadline of July 4. Most Republicans dismissed the speech. House Speaker Johnson called the speech "a complete waste of everyone's time." ( Jin10 )
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Ybaservip:
Sit tight and hold on, To da moon 🛫

Web3 platform Distinct Possibility Studios has completed a $30.5 million funding round.

[Web3 Game Platform Distinct Possibility Studios Completes $30.5 Million Financing] The Web3 game platform Distinct Possibility Studios has completed a $30.5 million financing round, led by Bitkraft Ventures and Brevan Howard Digital, with participation from Tezos Foundation, Hashed, Delphi Ventures, Shima Capital, North Island Ventures, and Decasonic. The game studio was founded by EverQuest co-founder John Smedley, and the funds will be used to support its AAA.
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U.S. Treasury Secretary: The selection process for the new Chairman of the Federal Reserve (FED) will begin in the fall.

U.S. Treasury Secretary Basant said that the selection of a new Chairman of The Federal Reserve (FED) will begin in the autumn, and there are currently several excellent candidates. Trump may decide on a successor in September or October to influence the current Chairman Powell, with candidates including Warsh, Hassett, and Basant.
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U.S. Treasury Secretary: The selection process for the new Chair of the Federal Reserve (FED) will begin in the autumn.

On July 4, U.S. Treasury Secretary Mnuchin stated that there are many excellent candidates for the Chair of the Federal Reserve, and work on this will begin in the fall. Previously, The Wall Street Journal reported on June 25 that President Trump is considering an early nomination for the next Chair of the Federal Reserve to weaken the influence of the current Chair, Powell, who still has 11 months left in his term. Sources revealed that Trump is considering selecting and announcing Powell's successor before September or October, "and Trump's anger towards Powell may lead him to announce a successor earlier sometime this summer." Trump is considering former Federal Reserve Governor Kevin Warsh and White House National Economic Council Director Kevin Hassett. Additionally, sources revealed that some have recommended Treasury Secretary Mnuchin as a potential candidate; other contenders include former World Bank President Malpass and Federal Reserve Governor Quarles.
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The Federal Reserve (FED) Bostic: The US economy may experience a longer period of high inflation.

On July 3, Federal Reserve's Bostic stated on Thursday that the high inflation in the United States may persist for some time, which could seep into consumer psychology, and businesses may need a year or longer to adapt to changes in trade and other policies that are occurring. This implies a reason to remain patient before interest rate cuts. He said: "The main conclusion is that the adjustments in prices and the broader economy to the changes in U.S. trade and other upcoming policies, as well as geopolitical developments, will not be a transient and simple one-time price change as implied by standard textbook models." "On the contrary, it increasingly looks like a process that may take a year or longer to fully resolve." "If I am correct, then the U.S. economy may experience a longer period of high inflation." Bostic mentioned, "I expect prices will not soar significantly, but will rise steadily," which may seep into consumer inflation expectations, posing a greater challenge for the Federal Reserve.
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