AICoin Daily Report (July 11)

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4 hours ago

1. Trump Calls for Rapid Rate Cuts by the Federal Reserve, Urges Display of Economic Strength

Odaily Planet Daily reports that U.S. President Trump has reiterated that the Federal Reserve should quickly cut interest rates. -Original

2. U.S. Treasury Withdraws Reporting Requirements for Cryptocurrency Brokers

Odaily Planet Daily reports that, according to market news, the U.S. Treasury has withdrawn the reporting requirements for cryptocurrency brokers. -Original

3. BlackRock's Ethereum Buying Power Surpasses Bitcoin for the First Time

BlackRock has recently purchased $158 million worth of Ethereum, while only acquiring $125 million worth of Bitcoin during the same period, marking the first time its Ethereum buying power has exceeded that of Bitcoin. -Original

4. U.S. SEC May Open the Floodgates for Cryptocurrency ETFs, Attracting Numerous Applications

Odaily Planet Daily reports that analysts believe the U.S. Securities and Exchange Commission's latest guidelines may attract significant investments in cryptocurrency exchange-traded funds (ETFs) linked to Solana, XRP, and even Trump's meme coin TRUMP, contrasting sharply with the previous leadership's attempts to block Bitcoin ETF approvals. The new SEC Chairman Paul Atkins' guidelines provide asset management companies with more details on how to obtain SEC approval for cryptocurrency-linked exchange-traded products. Although the guidelines are not formal rules, they reflect the current SEC administration's more proactive goals in cryptocurrency regulation. -Original

5. Ethereum Foundation Releases Future Development Goals, Focused on Expanding Users and Technology

Odaily Planet Daily reports that the Ethereum Foundation has published its future development goals for the ecosystem. As stated in the Ethereum Foundation's recent vision statement, there are two main objectives: 1. To maximize the number of people using Ethereum (directly or indirectly) so they can benefit from Ethereum's underlying value. 2. To enhance the resilience of Ethereum's technology and social infrastructure. The Ethereum Foundation is creating four new teams to drive the impact of these key adoption channels: 1. Corporate Relations: Tailoring clear resources and guidance for businesses adopting Ethereum. 2. Developer Growth: Engaging, mentoring, and supporting the next generation of builders on Ethereum. 3. Application Relations and Research: Accelerating meaningful, user-focused Ethereum applications. 4. Supporting Project Founders: Providing non-financial support, feedback, introductions, operational expertise, and guidance. -Original

6. Hackers Return 90% of Stolen Funds from Texture, Officials State No Further Accountability

Odaily Planet Daily reports that Texture officials posted on X platform stating that about two hours ago, hackers returned 90% of the stolen funds and claimed the previously proposed 10% "gray hat bounty." Texture stated that they will not pursue further accountability. The team is currently completing code fixes and audits with the auditing party, and the contract will be redeployed soon. The officials also thanked the community for their support during the incident and promised to release a post-event review report as soon as possible. Previously, Texture experienced a security vulnerability that led to approximately $2.2 million in USDC user funds being stolen. -Original

7. 1inch Team Withdraws 4.12 Million Tokens On-Chain and Transfers 2 Million USDT to Binance

Two hours ago, the 1inch team invested funds to purchase 4.12 million 1INCH ($880,000) back to their address, and then transferred 2 million USDT to Binance, possibly to continue purchasing 1INCH. -Original

8. Ghana Requires Virtual Asset Companies to Complete Registration by August 15

Odaily Planet Daily reports that market news indicates Ghana requires virtual asset companies to complete registration by August 15. -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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