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FTX creditor claims impacted

Key Points: FTX creditors from 49 jurisdictions risk claim loss, impacting $825 million.
Chinese creditors face 82% of the impact.
Resolution period set at 45 days before claim voidance.
FTX creditors from 49 restricted jurisdictions, including China and Russia, could lose their claim rights
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Trump Beautiful Bill fiscal policy

Key Points: Main event, leadership changes, market impact, financial shifts, or expert insights.
Trump signs contentious “Beautiful Bill”.
Divided opinions: tax cuts, debt rise, social aid reduction.
On July 4th, U.S. President Donald Trump signed the “Beautiful Bill,” marking a controversial shif
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Trump tax spending legislation

Key Points: President Trump signed a key fiscal bill, reallocating budget priorities.
The bill increases military spending and cuts social programs.
Projected deficit rise of $3.3 trillion prompts fiscal concerns.
President Donald Trump signed a major tax and spending bill into law on
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Europe Stablecoin Adoption Strategy

Key Points: Lorenzo Bini Smaghi calls for European stablecoin adoption to combat U.S. dominance.
Europe risks marginalization in the digital financial ecosystem.
99% stablecoins USD-denominated, euro nearly absent.
Lorenzo Bini Smaghi, Chairman of Société Générale and former member of the European
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Microsoft Axes 3,000 NK Spy Accounts in Major Crackdown

Key Points:
Microsoft targets global scam by removing 3,000 fake accounts linked to North Korean IT workers.
DOJ seizes laptops, shuts websites in crackdown on DPRK-linked fraud targeting U.S. companies.
North Korean operatives used AI tools to fake identities and land high-paying remote tech
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Ripple Shocks Market With Second 500M XRP Unlock in July

Key Points:
Ripple’s split 1B XRP unlock marks shift to flexible, strategic reserve management since March 2025.
700M XRP relocked, while 300M XRP funds ODL, ETFs, and other Ripple infrastructure projects.
XRP trades at $2.23 post-unlock, with analysts watching Ripple’s evolving token release st
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digital asset regulatory framework

Key Points: Hong Kong’s digital asset regulatory framework advances city as a key hub.
Offers transparent Bitcoin and Ethereum indices in Asia.
Stablecoin licensing regime supports investor protection and industry growth.
Hong Kong, on July 4th, announced the development of new digital asset regul
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Roman Storm Tornado Cash trial

Key Points: Roman Storm faces court over money laundering charges in New York.
Trial represents pivotal moment for Ethereum’s privacy tools.
Community support grows, legal fund exceeds $750,000.
Roman Storm, co-founder of Tornado Cash, will stand trial in New York on July 14, facing serious charge
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Shanghai Free Trade Zone financial opening

Key Points: Shanghai FTZ expands financial opening led by PBOC.
Improved financial integration with international standards.
Enhanced digital RMB application and trade finance reform.
Ji Min, head of the People’s Bank of China’s Research Bureau, announced a financial opening strategy for Shanghai’
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U.S. cryptocurrency legislative updates

Key Points: GENIUS Act delivered to President; CLARITY Act to Senate.
Focus on AI and cryptocurrency market growth.
Sacks and Trump push for U.S. global crypto leadership.
David Sacks announced that Cryptocurrency Week begins July 14 in the U.S. House of Representatives, delivering the GENIUS Act
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US stablecoin regulation impact

Key Points: US stablecoin regulation may boost the digital asset market.
Industry growth could reach $15 trillion.
Key players advocate for innovation and clarity.
US stablecoin regulation could elevate the crypto market to $15 trillion, White House advisor predicts.
The potential passage of US s
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regulated cryptocurrency trading services Hong Kong

Key Points: Guotai Junan and Victory Securities gain approval for crypto services in Hong Kong
Immediate stock surge highlights investor optimism
Increased trading volumes reflect market interest
Guotai Junan International and Victory Securities have received approval to offer regulated
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Trump tariffs impact 2025

Key Points: US to impose tariffs on 10-12 countries from August.
Scope includes tariffs from 10% to 70%.
Potential ripple effects on global trade and markets.
US President Donald Trump announced imposing tariffs on 10 to 12 countries, with letters dispatched starting July 4. These tariffs will
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RMB-backed stablecoin approval

Key Points: JD.com and Ant Group are pushing for RMB-backed stablecoins.
Initiative targets the RMB’s internationalization.
No public statements from top executives.
JD.com and Ant Group have taken significant steps, engaging with the People’s Bank of China on July 4, 2025, to propose the
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US crypto market growth 2025

Key Points: Stablecoin legislation under Trump’s Digital Asset Advisory predicts major crypto market growth.
Potential market scale of up to $20 trillion.
U.S. aims to become a global Bitcoin superpower.
Trump’s Digital Asset Advisory projects the crypto industry may reach up to $20 trillion
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