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21:00-7:00 Keywords: Big and Beautiful Act, Tax Reform Bill, Trump 1. Trump: Today's data is good news, much better than expected; 2. The "Big and Beautiful" Act has passed the vote in the U.S. House of Representatives and is now awaiting the President's signature; 3. U.S. Senator Cynthia Lummis has introduced a comprehensive crypto tax reform bill; 4. U.S. Treasury Secretary: If the Federal Reserve does not cut rates, the rate cut in September may be larger; 5. Federal Reserve's Bostic: The U.S. economy may experience a longer period of high inflation; 6. Web3 gaming platform Distinct Possibility Studios has completed a $30.5 million funding round; 7. White House: Trump will sign the Big and Beautiful Act into law at 5:00 a.m. (UTC+8) on July 5.

According to Jinse Finance, crypto asset management firm Grayscale stated in an email on Thursday that the U.S. Securities and Exchange Commission (SEC) decision to suspend trading of its Digital Large Cap Fund (GDLC) was “unexpected.” The company noted that the regulator’s decision on Wednesday surprised industry observers and signals a shift in the regulatory landscape. Grayscale said, “While this development was unexpected, it reflects the dynamic and constantly evolving nature of the regulatory environment surrounding pioneering digital asset products like GDLC.”