Odaily News Recently, the People's Bank of China issued the "Notice of the People's Bank of China on Issuing the "Anti-Money Laundering and Anti-Terrorist Financing Management Measures for Precious Metals and Gemstones Institutions" (Yinfa [2025] No. 124)". It mentioned that if an institution conducts cash transactions of RMB 100,000 or more (including RMB 100,000) or equivalent foreign currency, it shall perform anti-money laundering obligations in accordance with the provisions of the "Measures". For customers' single or daily cumulative cash transactions of RMB 100,000 or more (including RMB 100,000) or equivalent foreign currency, the institution shall be diligent and responsible, follow the KYC principles, and conduct customer due diligence based on customer characteristics, the nature of the transaction activities, and the money laundering risk situation. For customers' single or daily cumulative cash transactions of RMB 100,000 or more (including RMB 100,000) or equivalent foreign currency, the institution shall submit a large transaction report to the China Anti-Money Laundering Monitoring and Analysis Center within 5 working days from the date of the transaction in accordance with regulations. The "Measures" will come into effect on August 1, 2025. (CCTV News)

Odaily News Ondo Finance posted on the X platform that its on-chain US stock platform Ondo Global Markets will be launched this summer. It will first put more than 100 US stocks on the chain and expand to thousands by the end of the year.

Odaily星球日报讯 据官方公告，币安将于 2025 年 7 月 3 日 10：00（UTC）在 BinanceAlpha 开放 ICNT 交易，并于同日 13：00（UTC）上线 ICNTUSDT 永续合约（50 倍杠杆）。此外，符合条件的用户可在 2025 年 7 月 3 日 10：00 至 7 月 4 日 10：00（UTC）期间通过 BinanceAlpha 积分领取专属空投。 （本条快讯由AI辅助生成）

Odaily News Jupiter co-founder siong wrote on X that classic AMM is not suitable for stock tokens and a new AMM design is needed to achieve higher liquidity. Ordinary trading terminals are also not suitable, and there will be problems such as market value mismatch.

Odaily News According to an official announcement, Norwegian mining company Green Minerals announced that it has signed a structured financing agreement worth 250 million Norwegian kroner (about 25 million US dollars) to purchase more Bitcoin.

Odaily News According to official news, Binance Alpha will list Echo Protocol (ECHO), and trading will start at 18:00 (UTC+8) on July 2, 2025. Eligible users can use Alpha points to claim 625 ECHO tokens airdrop on the Alpha event page within 24 hours after the start of trading. The Alpha airdrop will adopt a first-come, first-served model: users with at least 170 Alpha points can participate in the airdrop, first come, first served, until the airdrop pool is full or the event ends. Claiming the airdrop will consume 15 Alpha points. Users must confirm the claim on the Alpha event page within 24 hours, otherwise it will be deemed to have given up the airdrop.