00:13
An independent miner successfully mined a Bitcoin block and received 3.173 BTC, worth nearly $350,000
According to a report by Jinse Finance, as disclosed by Cointelegraph, an independent miner has successfully mined a Bitcoin block and received 3.173 bitcoins as a reward, valued at nearly $350,000.
00:04
CICC: Resilient Nonfarm Payrolls Do Not Support Early Fed Rate Cuts
ChainCatcher News, according to Jintou Data, a research report from CICC states that the US added 147,000 non-farm jobs in June, surpassing the market expectation of 110,000. The unemployment rate fell from 4.2% to 4.1%, indicating that the labor market remains resilient. Although uncertainty around tariffs has reduced labor demand, the tightening of immigration enforcement has also slowed labor supply, which has curbed the rise in the unemployment rate. In addition, there may be a skills mismatch in the labor market: on one hand, government layoffs and the rapid development of artificial intelligence have led to a surplus of "white-collar" workers; on the other hand, stricter immigration policies have resulted in a persistent shortage of low-skilled workers. Under this structural mismatch, the unemployment rate may not rise significantly in the future. CICC believes that the June non-farm payroll data does not support an early rate cut by the Federal Reserve. We maintain our previous view that the next rate cut may not occur until the fourth quarter, after the price increases caused by tariffs have subsided.
00:04
US House of Representatives Declares Mid-July as "Crypto Week" to Review Multiple Cryptocurrency Bills
According to a report by Jinse Finance, the U.S. House leadership announced on Thursday that the week of July 14 will be designated as "Crypto Week," during which three major cryptocurrency bills will be reviewed: the GENIUS Stablecoin Act, the Digital Asset Market Structure Clarity Act, and a bill concerning Central Bank Digital Currencies (CBDC). The GENIUS Act requires stablecoins to be fully backed by U.S. dollars or highly liquid assets and mandates annual audits for large issuers. The Digital Asset Market Structure Clarity Act aims to clarify the regulatory responsibilities of the SEC and CFTC, while also requiring digital asset companies to provide retail financial disclosures and segregate company and client funds. House Speaker Mike Johnson stated that these initiatives are "decisive steps toward advancing President Trump's digital asset and cryptocurrency agenda." Previously, Trump requested that the stablecoin bill be delivered to his desk before August, and the scheduling of "Crypto Week" is expected to help lawmakers meet this deadline.