Odaily News US President Trump signed the "Big and Beautiful" tax and spending bill into law on July 4 local time (early morning of July 5 Beijing time). The US House of Representatives passed the "Big and Beautiful" bill promoted by President Trump with 218 votes in favor and 214 votes against on the afternoon of July 3. The bill has been controversial for cutting federal aid, increasing long-term debt, and cutting taxes for the rich and large companies. Two Republican congressmen voted against the bill that day. The bill was passed by the Senate on July 1. (CCTV News)

Odaily News OKX market shows that BTC has broken through 108,000 USDT and is now at 108,013.1 USDT, with a 24-hour increase of 1.63%. (This newsletter is generated by AI)

Odaily News According to market news: EU negotiators failed to make a breakthrough in the US trade talks, and EU diplomats said the negotiations will continue until the weekend. EU diplomats revealed that the scale of the EU's second round of countermeasures has been reduced from the initial 95 billion euros to 72 billion euros. EU negotiators said that if a more comprehensive trade agreement cannot be reached, the EU will seek to extend the tariff suspension period. (Jinshi)

Odaily News According to OnchainLens, “After being partially liquidated 10 times in a row, the insider whale once again increased his short positions in Bitcoin (40x leverage) and Ethereum (25x leverage). He has lost $16 million in this transaction. Overall, his total loss is now over $14 million.

Odaily News Gold experienced temporary pressure in the previous session after non-farm payrolls data showed the U.S. economy added significantly more jobs than expected and the unemployment rate unexpectedly fell. However, Linh Tran, an analyst at XS.com, said in a report that the report did not indicate an overheated economy, but rather showed a relatively stable growth rate. Tran said this was not enough to force the Federal Reserve to reconsider its wait-and-see stance on monetary policy, which is why gold prices did not fall further. (Jinshi)

Odaily News Vitalik Buterin posted on the X platform that the trial of Tornado Cash founder Roman Storm will be held in 10 days. Today, backdoor-free private messaging tools have been widely accepted, such as many companies and government departments often use tools such as Signal. Today, hacker attacks on centralized databases are extremely frequent. Improving privacy in other areas (including payments, identity, and artificial intelligence) is not something that needs to be "balanced" with security, but has become an essential part of security. I hope that the United States can lead by example and build a safer, freer, and less data-leaky world, but the first step is to send a clear signal to developers that this important work is welcome.