Odaily News According to official news, Bithumb has added Humanity Protocol (H) and Mantra (OM) Korean won trading pairs.

Odaily News According to @ai_9684xtpa monitoring, a whale bought 1,406 ETH at an average price of $2,592.47 on the chain an hour ago, with a transaction amount of $3.645 million. This address has conducted three swing operations in the past month, with a current record of 2 wins and 1 loss, and a cumulative loss of $198,000.

Odaily News Gan Tian, CEO of China Asset Management (Hong Kong), revealed that many institutions are exploring the integrated application of payment + redemption + asset management, including China Asset Management (Hong Kong). At present, the stablecoin business is at the critical point of "basic rules have been determined and application scenarios are waiting to explode." From the perspective of technology and pilot progress, stablecoins have entered the practical operation stage from concept verification. In the future, the global monetary system may converge to a few mainstream stablecoins, but this process needs to rely on strong financial markets and trade scenarios. (Securities Times)

Odaily News Johnson, Speaker of the U.S. House of Representatives: The final vote on the "Big and Beautiful Act" will be held at 8 a.m. (20:00 Beijing time). (Jinshi)

Odaily News Binance Alpha announced that it will launch Infinity Ground (AIN) on July 5. Eligible users can go to the Alpha Events page and use Alpha points to claim airdrops after AIN trading is opened.

Odaily News Arthur Hayes, co-founder of BitMEX, recently wrote that the U.S. Treasury Department's support for the issuance of stablecoins by large banks in TBTF is one of its key policies to cope with huge fiscal deficits and national debt pressures. He believes that this will release up to $6.8 trillion in purchasing power for short-term Treasury bonds (T-bills) and drive financial markets up. At the same time, if the Federal Reserve stops paying interest on bank reserves (IORB), it will also release an additional $3.3 trillion in funds into the Treasury market. Arthur Hayes said that although this policy combination is not quantitative easing (QE) in the traditional sense, it will have the same upward momentum for fixed supply assets such as Bitcoin. He predicts that after the passage of Trump's spending bill and the increase in the debt ceiling, the U.S. Treasury will issue bonds to supplement the Treasury Account (TGA), which may suppress market liquidity in the short term, and Bitcoin may consolidate around $100,000, with a pullback low of $90,000 to $95,000. But after liquidity is restored in early September, a new round of increases will begin. Arthur Hayes concluded that the real stablecoin narrative lies not in FinTech companies, but in the "financial weaponization innovation" of TBTF banks using stablecoins to reconstruct compliance, costs, and the purchasing power of government bonds. He advised investors to "go long on Bitcoin and JPMorgan Chase" and embrace this new liquidity cycle led by the Treasury Department.