1. Trump Threatens to Assassinate Iran's Supreme Leader, Strong Reaction in the US Crypto Market

The US President calls for Iran to surrender unconditionally. -Original

2. Brazil Passes Initial Review of Bitcoin Reserve Bill, May Become the Second Country to Establish Sovereign BTC Reserves

According to Bitcoin News, Brazil's Bitcoin Reserve Bill "4501/2023" has passed the first committee review. The bill proposes the establishment of a "sovereign strategic Bitcoin reserve," allocating up to 5% of foreign exchange reserves to Bitcoin. Once implemented, Brazil will become the second Latin American country to establish legal BTC reserves after El Salvador. Brazil's Vice President Chief of Staff, Pedro Giocondo Guara, stated in March that the "strategic sovereign Bitcoin reserve" is crucial for national prosperity and is a matter of public interest, referring to Bitcoin as "the gold of the internet." -Original

3. AgriFORCE Launches Gas-Powered Bitcoin Mining, Plans to Expand to 1 EH/s

AgriFORCE is utilizing idle gas for online crypto mining and computing at its new site in Alberta. -Original

4. Ethereum Staking Volume Surpasses 35 Million, Setting a New Record

CryptoQuant analyst Onchain School stated, "Ethereum staking volume has exceeded 35 million, setting a new record. Meanwhile, the number of 'accumulation addresses' (addresses that have never sold) has also reached an all-time high, currently holding 22.8 million ETH." -Original

5. JPMorgan Meets with SEC to Discuss the Impact of Capital Markets Shifting to Blockchain

6. Treasury Secretary Says Stablecoins Can Lower US Debt Costs and Promote Ecosystem Development

Treasury Secretary Besant stated that crypto stablecoins can reduce government borrowing costs and decrease national debt. "A thriving stablecoin ecosystem will drive private sector demand for US Treasury bonds, which are the backing for stablecoins. This new demand could lower government borrowing costs and help control national debt." -Original

7. South Korean Lawmaker Plans to Propose Stablecoin Regulation Bill, Expanding Oversight to Overseas Issuance

South Korean Democratic Party lawmaker Park Hyun-young will propose the "Digital Asset Market Innovation and Development Act" in July. Recently, Democratic Party lawmaker Min Byeong-deok proposed the "Digital Asset Basic Law." Compared to Min's previous proposal, Park's proposal further improves the stablecoin regulatory framework. According to the bill, issuers of stablecoins must have at least 1 billion KRW in capital, meet 12 requirements, and obtain approval from financial authorities. Another difference from Min's bill is that this bill expands the regulatory scope to include overseas-issued stablecoins, while Min's bill only regulates domestically issued digital assets. Once the legislative review group is established, the bill may be merged with Min's proposed bill. -Original

8. Namada Completes Mainnet Launch, Introduces Privacy-as-a-Service Feature

Based on Cosmos, Namada has completed the final phase of its mainnet launch, introducing a system aimed at bringing "privacy-as-a-service" to decentralized applications, assets, and blockchains. The completion of the mainnet coincides with the free market token issuance of Namada, providing liquidity for its native token NAM, with trading set to begin this week. The core of Namada's product is its "multi-asset shielded pool," which allows users to hide their asset holdings in decentralized exchange liquidity pools. This feature aims to enable cross-blockchain privacy transactions by allowing users to selectively disclose transaction details. The network is preparing for multiple integrations, currently planning to support Bitcoin through Lombard and Babylon, and Ethereum and Solana through cross-chain bridges, with shielded swaps on Osmosis, and compatibility with stablecoins and DeFi tokens. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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