Odaily News The founder of 1confirmation posted on the X platform that Coinbase has been hoarding ETH and currently holds more than $335 million worth of ETH on its balance sheet. Robinhood will follow Coinbase, and other companies will follow suit. Although it is still in the early stages, the competition for L2 ownership of ETH has begun.

Odaily News Matt Hougan, chief investment officer of Bitwise, said in a post on the X platform that the inflow of funds into Ethereum exchange-traded funds will accelerate significantly in the second half of the year, because more and more stablecoins and stocks will begin to be traded on the Ethereum chain, which is a phenomenon that is easy to understand for traditional investors. In June this year, the inflow of funds into Ethereum ETFs has reached 1.17 billion US dollars. If this trend continues, the inflow of funds into Ethereum ETFs in the second half of the year is expected to reach 10 billion US dollars.

Odaily News In June, the number of layoffs by challenger companies in the United States was 47,999, compared with 93,816 in the previous month. (Jinshi)

Odaily News Market data showed that Tesla (TSLA.O) shares rose 1.4% in pre-market trading to $304.67, after falling for six consecutive trading days.

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.