ChainCatcher news, according to Jinshi reports, the Republican-controlled Senate has unveiled a new version of a $4.2 trillion tax and spending plan, with the voting procedure set to begin as the July 4 deadline set by Trump approaches. The new draft reflects compromises among various factions within the Republican Party.Previously, there were disagreements within the party regarding the extent of cuts to social security programs such as Medicaid, as well as the pace of phasing out the renewable energy tax credits established during the Biden administration. The draft includes a temporary agreement reached with House Republicans to raise the state and local tax (SALT) deduction limit from $10,000 to $40,000, effective for five years, after which it will revert to the original standard.Republicans plan to initiate the tax reform bill voting procedure as early as noon local time on Saturday (midnight Beijing time on Sunday), with the final vote potentially scheduled for early Sunday morning (afternoon Beijing time on Monday). Party leaders intend to recall House members early next week in hopes of completing the legislative process before Trump's Independence Day deadline.

ChainCatcher news, according to social media information, Ripple Labs CEO Brad Garlinghouse announced that Ripple will abandon its cross-appeal in the case against the SEC, and Ripple will completely turn the page on this chapter, focusing on the most important thing—building the Internet of Value, the overall situation is set.ChainCatcher news, according to previous reports, U.S. District Judge Analisa Torres in the Southern District of New York has twice rejected the SEC's and Ripple's settlement request yesterday. The request aimed to reduce the fine to $50 million and lift the permanent injunction, but the judge believes that Ripple still has the potential to violate the law again, and the injunction must be maintained.

ChainCatcher news, according to Jinshi reports, market news indicates that the EU and the US are confident in reaching a tariff agreement before the July deadline.

ChainCatcher news, according to the Daily Telegraph, a Russian woman who claims to be a cryptocurrency expert was sentenced to 7 years in prison by a Moscow court for orchestrating and executing a Ponzi scheme that defrauded investors of $23 million (2.2 billion rubles) in Bitcoin over a period of 60 days in 2023.The woman, named Valeria Fedyakina, is from Simferopol. She impersonated a legitimate cryptocurrency trader with offices worldwide under the alias "Bitmama," promising clients that she could transfer funds overseas using cryptocurrency to circumvent Western sanctions.

ChainCatcher news, OneKey founder Yishi publicly stated about "Curve ecosystem DeFi protocol Resupply suffering a price manipulation attack resulting in a loss of $9.6 million," demanding that Curve provide a fair solution for every investor and return the user funds lost due to serious technical errors by the project team.Yishi revealed that he is one of the three major investors in Resupply, and the losses from this incident amount to millions of dollars. He accused the team of banning reasonable questioners on Discord and lacking the necessary accountability. He emphasized that the vulnerability stemmed from the failure to destroy the initial shares when deploying the ERC4626 vault, allowing attackers to mint shares at almost zero cost and drain the vault, which constitutes a protocol-level design and deployment error.Yishi stated that it is unreasonable for the Resupply team to shift the losses onto the insurance pool depositors, as the insurance pool is meant for black swan events and market fluctuations, not to cover the team's technical negligence. He also pointed out that Curve, Convex, and Yearn had participated in supporting Resupply in various forms and had gained actual benefits from it, and should not shirk responsibility afterward. He called for the relevant parties to bear the necessary costs and return user assets.In response to the incident, Curve stated this morning, "Although Resupply was not developed by the Curve team, its creators are experienced, and we believe they will do their best to address the issue. The insurance pool is intended to provide protection for such security incidents, and any recovered assets should be prioritized for processing."

ChainCatcher news, according to Cointelegraph, South Korean internet security agencies have revealed that North Korean hackers are now using ChatGPT to automate cryptocurrency theft.

ChainCatcher news, at the recent EMW2025 conference, Coatue Management co-founder Philippe and Thomas Laffont were interviewed by the podcast BG2, where they delved into the latest market research report, providing an in-depth analysis of the valuation logic of crypto assets, the development trends of stablecoins, and their institutional significance.Philippe stated that Bitcoin is gradually evolving into a "corporate-level asset," with a current market capitalization of about $2 trillion, which still represents a low percentage of the nearly $500 trillion in global net assets, indicating further upward potential. He predicts that as institutions gradually accept its volatility, Bitcoin's market capitalization is expected to rise to $5-6 trillion in the future, becoming a more systematically influential asset class.Thomas emphasized that the advancement of stablecoin legislation is an important milestone for the crypto industry, significantly reducing regulatory uncertainty. He anticipates that "interest-bearing stablecoins" will emerge in the near future, potentially issued by governments in different maturities, directly targeting global investors and reshaping the issuance mechanism and participation methods of sovereign bonds.The two founders pointed out that traditional VCs, after experiencing early project failures, have a biased understanding of crypto assets. However, with the widespread application of Bitcoin and stablecoins, the industry's valuation methods need to be more flexible, reassessing the trend value of leading assets. At the same time, stablecoins have gradually become core tools for corporate payments and fund management, as the crypto market shifts from "speculative logic" to "institutional recognition and practical drive."

ChainCatcher news, according to a post by Hazeflow founder Pavel Paramonov on X platform, Polychain has invested about 20 million dollars in the Celestia project and has already profited over 80 million dollars solely from selling Celestia token staking rewards, achieving a return of over 4 times without selling the main investment.

ChainCatcher news, according to Eleanor Terrett, U.S. Senator Lummis recently announced that the Senate is drafting a bill on market structure, which is planned to be released before the congressional recess in August this year, and will be revised in September.

According to ChainCatcher news, as revealed by Hazeflow founder Pavel Paramonov, Polychain invested approximately $20 million in the Celestia project and has sold tokens worth over $80 million solely through staking rewards without selling any of its original investment. Celestia has currently dropped 92.2% from its historical peak.

ChainCatcher news, according to CNN, informed sources have revealed that the confidential briefing on the Iran situation in the U.S. Senate, originally scheduled for earlier this week, has been rescheduled to Thursday at 2 PM Eastern Time (2 AM Beijing Time on Friday).The Trump administration is currently facing criticism from senior Democratic members of the House and Senate Intelligence Committees, who have expressed dissatisfaction with the lack of communication regarding the U.S. airstrikes in Iran. Some lawmakers have warned the administration not to manipulate the facts before the briefing. The House is expected to receive the briefing on Friday.

ChainCatcher message, after the Cork Protocol attacker transferred 4,520 ETH to Tornado Cash yesterday and donated 10 ETH to the Tornado Cash developer legal fund.Tornado Cash co-founder Roman Storm posted on the X platform: "My lawyer cannot accept these funds, and these funds will be returned to the Cork team."

ChainCatcher message, based on SoSoValue data, indicates that due to Trump's remarks about the possibility of renewed conflict between Israel and Palestine, the cryptocurrency market experienced slight pullbacks across various sectors. Only Bitcoin (BTC) and the CeFi sector remained relatively strong, rising 1.19% and 0.22% respectively over the past 24 hours. BTC's gains have narrowed but still maintain above $107,000. Ethereum (ETH) fell by 0.22%, fluctuating around $2,400. In the CeFi sector, influenced by news of Guotai Junan International being approved to engage in virtual asset trading, its technical support token HSK surged 54.70% in 24 hours.In other sectors, the PayFi sector decreased by 0.03%, but Telcoin (TEL) and Bitcoin Cash (BCH) rose by 1.17% and 1.49% respectively; the Layer1 sector fell by 0.60%; the Layer2 sector dropped by 1.19%, with Movement (MOVE) rising against the trend by 16.19%; the Meme sector declined by 1.24%, and the DeFi sector decreased by 1.84%, while Maple Finance (SYRUP) peaked at 2.60% during the session.The cryptocurrency sector indices reflecting historical market trends show that the ssiCeFi, ssiMAG7, and ssiPayFi indices rose by 0.25%, 0.12%, and 0.06% respectively over the past 24 hours.

ChainCatcher news, according to Jin10 reports, sources say that major U.S. exchanges Nasdaq and the New York Stock Exchange are in discussions with the SEC regarding capital market regulatory reforms. The discussions on capital market reforms include reducing listing costs, disclosing information related to listings, and making the delegation process more friendly to businesses.

ChainCatcher news, according to QCP Asia analysis, although Israel resumed limited strikes a few hours after the ceasefire agreement, market sentiment has shifted to a full risk appetite. The Nasdaq reached a new high, and the S&P 500 approached its historical peak. Coinbase (COIN) rose 12%, closing at a six-month high of $344.94, mainly due to two major regulatory positives:The United States passed the GENIUS Act, clarifying the compliance framework for stablecoins;Coinbase received approval from Luxembourg regulators, becoming the first U.S.-based exchange authorized under MiCA. Against this backdrop, institutions continue to increase their Bitcoin holdings, with the ProCap fund purchasing $386 million in BTC, bringing the total corporate holdings to 3.45 million coins.

ChainCatcher Message, President Trump: The ceasefire progress between Iran and Israel is going smoothly. (Regarding Iran's uranium enrichment program) We will not allow this behavior militarily. I believe we will establish some sort of relationship with Iran.

ChainCatcher news, EU financial broker XTB analyst Kathleen Brooks stated in a report that after the announcement of a ceasefire in the conflict between Israel and Iran, stock investors prefer technology and artificial intelligence-related stocks over defense stocks. The 7 leading tech stocks, known as the "Magnificent 7"—Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia, and Tesla—are expected to continue rising.Brooks stated, "As the market refocuses on artificial intelligence trades, these 7 companies are likely to lead the U.S. stock market higher."