Vernacular Blockchain Daily News: Trump to Sign "Big and Beautiful" Bill at 5 AM Beijing Time on Saturday

1. Trump to sign "big and beautiful" bill at 5 AM Beijing time on Saturday;

2. SEC suddenly suspends GDLC listing application, Grayscale says it will still push forward with Cryptocurrency ETF conversion plan;

3. US House of Representatives to establish "Crypto Week" in mid-July to advance three legislations including the GENIUS stablecoin bill;

4. US Senators submit independent crypto tax bill, proposing to end double taxation and clarify staking and mining tax rules;

5. $Ondo Finance and Pantera Capital launch $250 million fund;

6. US Treasury Secretary Bessenet: If the Federal Reserve does not cut interest rates at this meeting, the rate cut in September may be larger;

7. Multiple xStocks on-chain US stocks de-peg, HOODX once broke through $800.00;

8. New York law firm files class action lawsuit against Strategy, accusing it of misleading investors in disclosing Bitcoin strategy profitability;

9. Tether issued 1 billion $USDT on the Ethereum network 5 hours ago;

10. Stablecoins accounted for 74.6% of total institutional OTC trading volume in the first half of the year, with USDC trading volume increasing by 29 times year-on-year.