AiCoin Daily Report (July 7th)

1. A dormant Whale of Bitcoin from 2014 transferred 20,000 BTC, causing market turbulence.

A Bitcoin holder recently transferred 20,000 BTC that had been dormant for over 14 years, worth approximately $2.18 billion. The transfer of these 20,000 Bitcoins triggered a strong reaction in the market, causing the price of Bitcoin to plummet from the previous $110,000, instantly cooling market sentiment. Notably, 14 years ago, the purchase price of these Bitcoins was only $0.78, meaning the return on this transfer reached as high as 140,000 times. This enormous return has attracted widespread attention from the market and prompted many investors to reassess the future direction of the Bitcoin market. This wave of price fluctuations in Bitcoin undoubtedly broke the previous bull market trend, and the sharp change in market sentiment has created uncertainty about the future price of Bitcoin. However, as a stablecoin trading and digital asset platform, BiyaPay is committed to providing users with a transparent, secure, and fast trading environment to help them navigate the market's dramatic fluctuations. BiyaPay supports the exchange of USDT with fiat currencies such as the US dollar and offers a zero-fee spot and contract trading platform, as well as USDT trading services for US and Hong Kong stocks, enabling users to respond flexibly in a complex market environment and ensure the safety and appreciation of their assets. Regardless of market fluctuations, BiyaPay will continue to provide efficient payment solutions for global users, supporting the stable development of the digital currency market.

2. The U.S. House of Representatives will explore the framework for cryptocurrency taxation, which may impact industry policies.

The U.S. House Fundraising Committee's oversight subcommittee will hold a hearing on Wednesday titled "Making America the Global Cryptocurrency Capital," focusing on establishing a framework for digital asset tax policy in the 21st century. -Original

3. Recently, companies in the Shanghai and Shenzhen markets have been frequently asked about their stablecoin strategies, and market attention has surged.

Odaily Planet Daily reported that the trading heat of virtual assets has spread from Hong Kong stocks to A-shares. Recently, many listed companies in the Shanghai and Shenzhen stock markets have been frequently asked on interactive platforms whether they are planning to lay out stablecoin business. Industry insiders believe that the policy opening, efficiency surge, and strategic positioning have jointly driven the market's optimism towards stablecoin business. In particular, the Hong Kong "Stablecoin Ordinance," which will officially take effect on August 1, is the world's first comprehensive regulatory framework specifically for fiat-backed stablecoins.

4. Vitalik Buterin initiated the EIP-7983 proposal to enhance Ethereum's resistance to DoS attacks.

Ethereum co-founder Vitalik Buterin and Toni Wahrstätter jointly proposed the EIP-7983 proposal, suggesting that the gas limit for a single Ethereum transaction be set at 16.77 million (unrelated to the block gas limit). This aims to enhance the network's resistance to DoS attacks, mitigate issues caused by high gas transactions such as uneven load, state bloat, and block validation delays, while also optimizing zkVM compatibility and parallel execution efficiency. The proposal is currently in the draft stage.

5. Michael Saylor may disclose Bitcoin accumulation data, and the market is closely watching.

Odaily Planet Daily News: Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has once again released information related to the Bitcoin Tracker on the X platform. Typically, he discloses the Bitcoin accumulation data of Strategy the day after releasing the Bitcoin Tracker information.

6. This week, Ethereum spot ETF net inflow was $219.1 million, and institutional funds continue to increase their positions.

This week, the net inflow of Ethereum spot ETFs in the United States is 219.1 million dollars. -Original text

7. The UAE denies issuing golden visas to cryptocurrency investors.

The Federal Identity, Citizenship, Customs and Port Security Authority of the UAE, along with the Securities and Commodities Authority (SCA) and the Virtual Assets Regulatory Authority (VARA), jointly issued a statement denying reports circulating on certain websites and social media platforms regarding the UAE granting golden visas to cryptocurrency investors. The ICP stated that the issuance of golden visas is based on a clear and officially approved framework and standards, which do not include cryptocurrency investors. Eligible candidates include real estate investors, outstanding talents, etc. The SCA reiterated that financial regulation is based on international standards, and investment in digital currencies is subject to specific regulations and unrelated to golden visas, reminding investors to obtain information from official channels. VARA also denied that Dubai is granting golden visas to virtual asset investors, urging investors to only work with regulated companies and clarifying that the TON company does not have its permission for regulation. The three parties called on the public to exercise caution and refer to official channels for information. Previously, it was reported that Toncoin cooperated with the UAE to provide a 10-year golden visa to TON stakers.

8. The Federal Reserve's meeting minutes may maintain expectations of no interest rate cuts in July, with the market focusing on possible adjustments in September.

Odaily Planet Daily News: Lloyds Bank of the UK believes that the Federal Reserve's minutes from the June meeting, which will be released next Wednesday, are unlikely to change the market's expectations for the interest rate to remain unchanged at the July meeting, with adjustments more likely to occur in September. The Fed's dot plot still anticipates two rate cuts this year, but there are significant differences among policymakers, ranging from three rate cuts to keeping rates unchanged.

The above is a selection of hot topics in the last 24 hours. For faster news, please download AiCoin ()