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Trump Media (TMTG) announced on Thursday the launch of a paid Truth API, providing institutional clients with the fastest real-time access to the most market-influential accounts on the Truth Social platform (including U.S. President Trump). The target clients are high-frequency and algorithmic trading firms, with plans to open to institutional clients starting August 1.Interim CEO Kevin McGurn stated that the market has already been fluctuating due to Truth Social posts, and this API offers a direct, authorized real-time machine-readable data stream, while advancing the company's strategy to monetize proprietary assets through high-margin recurring revenue streams. Trump's Truth Social posts have previously triggered market fluctuations, with recent examples including his posts regarding the U.S.-Iran conflict.McGurn also mentioned that some companies have attempted to scrape Truth Social data in violation of rules, and we will create significant friction for those who do not obtain data directly from us. Other major accounts on Truth Social include Donald Trump Jr., Eric Trump, and FBI Director Kash Patel.

According to Axios, Kevin McGurn, the interim CEO of Trump Media & Technology Group, stated that the company will launch a backend interface allowing financial services companies to pay for access to real-time data from Truth Social.McGurn mentioned that this is the company's first expansion of its media business into the data licensing field. The newly launched Truth API will provide customers with real-time access to content published by the top ten trending accounts on the platform.McGurn stated that customers willing to pay higher fees in the future will also gain access to more accounts' data. These accounts include important decision-makers who influence policy-making and geopolitical trends, such as former President Trump, the White House, FBI Director Kash Patel, White House Deputy Chief of Staff Dan Scavino, and U.S. Secretary of Health and Human Services Robert F. Kennedy Jr.

According to The Wall Street Journal, DTCC will tokenize Microsoft stocks, SPY, QQQ, and U.S. Treasury bonds for Wall Street firms, with participation from institutions such as BlackRock, Goldman Sachs, and JPMorgan Chase. The related companies plan to use the tokenized assets for collateral transfers, repurchase transactions, and stock trading.

According to Bloomberg, several major banks in the United States, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and HSBC, have announced the formation of a joint network operated by The Clearing House, using blockchain to connect tokenized bank deposits in response to the rapid expansion of dollar stablecoins represented by USDT and USDC in the payment and clearing sectors.The network is scheduled to launch next year, aiming to achieve interoperability among the internal blockchain systems of various banks, with a priority on wholesale payments and liquidity management scenarios.Data from Artemis Analytics shows that the trading volume of stablecoins is expected to reach approximately $33 trillion by 2025, and Bloomberg Intelligence predicts that related payment flows could exceed $50 trillion by 2030. The banking industry believes that this trend has already posed direct competitive pressure on traditional deposit and payment businesses.

According to a report by Caixin on July 7, SpaceX has won preliminary support from Wall Street, with global brokerages beginning to rate this rocket and AI company owned by Musk, forming a clear consensus: buy the stock.At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have started rating the stock, giving it a rating equivalent to buy, and agreeing with SpaceX's long-term growth narrative, although questions surrounding the company's profitability, execution, and valuation remain. Among them, Morgan Stanley set a target price of $300, one of the highest target prices on Wall Street, indicating an 87% upside from Monday's closing price of $160.42.Morgan Stanley expects SpaceX's stock price to be $75 in a bear market scenario and $600 in a bull market scenario, with revenues potentially reaching $319 billion by 2030 and $33 trillion by 2040.

Vitalik Buterin published an article titled "Obfuscation: building the final boss of cryptography (Part I)", systematically outlining the entire technical tree behind the mainline of the obfuscation protocol (iO). The article points out that obfuscation technology can transform programs into "encrypted programs", allowing computations on plaintext inputs while hiding internal logic. Theoretically, it can achieve "trustless trusted third parties", and when combined with blockchain, it can build nearly trustless voting systems, auction protocols, and various other applications. However, the current iO scheme, while technically polynomial time, incurs enormous practical overhead, with expected runtimes exceeding the lifespan of the universe.The article details the construction process of lattice-based iO, covering the stacking of primitives such as fully homomorphic encryption (FHE), attribute-based encryption (ABE), obfuscated circuits, function encryption, and XiO. Vitalik stated that the field has moved from "impossible" to "provably secure" over the past decade, but there remains a significant gap to practical application. He proposed three future paths: further optimizing the existing lattice-based route, adopting bolder cryptographic assumptions to simplify constructions, or exploring entirely new assumptions that are completely different from lattices, emphasizing that if any direction succeeds, it will largely "solve cryptography", enabling any protocol describable by an ideal trusted third party to be securely implemented.

According to The Wall Street Journal, blockchain public chain data analysis shows that Iranian entities have completed over $3.84 billion in transactions through the cryptocurrency exchange CoinEx to evade U.S. economic sanctions.Investigators have traced funds associated with two digital wallets controlled by the Central Bank of Iran, which are linked to the $1.5 billion stolen by North Korean hackers from the Bybit exchange. After flowing through a complex multi-layer transaction path, the related funds ultimately entered CoinEx, making it one of the core channels for Iran to bypass the sanctions system using cryptocurrency.

According to Coindesk, former 21Shares co-founder Ophelia Snyder stated that there is a significant communication misalignment between the crypto industry and traditional finance regarding the issue of tokenization.Snyder pointed out that current discussions mostly focus on the settlement speed of blockchain and the ability to transfer assets, but overlook the operational processes from trade execution to final settlement. She believes that tokenization projects are feasible in small-scale tests, but face enormous challenges in supporting the massive flow of funds in the U.S. capital markets.The main difficulties include: how to integrate tokenized assets into existing ledger systems, compliance processes, and regulatory reporting frameworks, as well as how to adjust the risk management framework to accommodate round-the-clock trading. Additionally, many third-party software solutions relied upon by financial institutions have yet to support blockchain-native transactions.She stated that the real challenges will become apparent when institutions incorporate tokenized infrastructure into their core business pathways. The industry is still in the pilot phase, and there is still a long way to go before large-scale implementation.

According to CoinDesk, Fidelity Investments has officially launched the "Fidelity Reserves Digital Fund," which aims to provide reserve asset management services for stablecoin issuers and institutional investors, further tapping into the capital management needs brought about by the rapid expansion of stablecoins. The fund will primarily invest in highly liquid assets such as short-term U.S. Treasury securities, cash, and repurchase agreements to meet the regulatory requirements for reserve assets of payment stablecoins under the U.S. GENIUS Act.At the same time, State Street has also recently launched a similar product, marking that large asset management institutions on Wall Street are accelerating their entry into the stablecoin reserve management market, competing around the cash and Treasury asset backing stablecoins.

According to The Block, State Street Bank has launched the State Street Stablecoin Reserves Money Market Fund (SSCXX), providing reserve asset management tools for stablecoin issuers. This fund is a Rule 2a-7 government money market fund, primarily investing in cash, short-term U.S. Treasury securities, repurchase agreements, and other cash equivalents, aiming to achieve principal preservation, daily liquidity, and a stable $1 share net asset value.The report states that the product has received initial investment support from State Street Bank and Anchorage Digital and has been explicitly designed to comply with the regulatory requirements of the GENIUS Act. This move continues State Street Bank's strategy in the field of digital assets and tokenized cash management, having previously launched the on-chain liquidity product SWEEP for stablecoin scenarios and launched the digital asset platform DAP.

As the scale of the U.S. stock business continues to grow, BIT (formerly Matrixport) has added U.S. institutional-level clearing service provider Clear Street as a partner, marking a higher standard of development in BIT's underlying infrastructure construction for U.S. stocks.BIT's U.S. stock business adopts an Omnibus IB structure, with all orders cleared and custodied by licensed clearing institutions based in the U.S. Currently, BIT has established partnerships with three licensed U.S. institutions: Clear Street, RQD Clearing, and Atomic Vaults Securities (AVS).Among them, Clear Street, supported by approximately $1 billion in financing and a strong capital base, processes about 550 million shares and approximately $28.4 billion in nominal trading volume daily, demonstrating the capability to serve large institutional clients with clearing and execution services. For users, this means that there is stronger institutional-level infrastructure support behind the transactions, resulting in a more stable system that is less prone to interruptions or delays during extreme market conditions, while also helping to provide more ample liquidity support and asset security guarantees.Compared to the industry’s common practice of using a single clearing partner, a multi-institutional parallel clearing structure can effectively disperse operational risks on the platform, enhancing the stability and continuity of transactions.BIT stated that in selecting clearing partners, the platform will continue to assess core indicators such as asset scale, net capital levels, and risk control capabilities to match the asset allocation needs of global users.