Background Information: This article is adapted from The Block's newsletter "The Daily," covering the latest cryptocurrency developments.

Main Events:
1. Two Bitcoin wallets dormant for 14 years suddenly became active, transferring over 2 billion USD worth of 20 thousand Bitcoins.
2. The U.S. House Republican caucus announced mid-July as "Crypto Week" to promote legislation related to stablecoins, market structure, and opposition to central bank digital currencies.
3. FTX’s trust plan is assessing and may block payments to creditors in 49 "restricted" regions, including China, Russia, and Pakistan.
4. Options traders expect significant volatility in Bitcoin and Ethereum in July.
5. JD.com and Ant Group are pushing the Chinese central bank to approve the issuance of offshore RMB stablecoins in Hong Kong to enhance the global status of the Renminbi.

Potential Impact: These developments reflect the activity level of the cryptocurrency market and changes in the regulatory environment, which may have significant effects on investors and market participants.

Special Note: SoSoValue is mentioned in the content.

MAG7.SSI

The following article is adapted from The Block’s newsletter,The Daily, which comes out on weekday afternoons.Happy Friday! It's Independence Day in the U.S., but crypto never sleeps — so we're still here to keep you up to date with the latest.In today's newsletter, two bitcoin wallets move 20,000 BTC after 14 years of dormancy, House leadership designates mid-July as "Crypto Week" to consider digital asset legislation, FTX says payouts may be forfeited in "restricted" jurisdictions, and more.Meanwhile, U.S. spot bitcoin ETFs approach $50 billion in total net inflows after a $1 billion rebound over two days.Let's get started.Two dormant Bitcoin wallets holding a combined 20,000 BTC woke up after 14 years late Thursday evening and early Friday morning to move the funds now worth over $2 billion.House Republicans will designate the week starting July 14 as "Crypto Week" to advance stablecoin, market structure, and anti-CBDC bills central to President Trump's digital asset agenda.The FTX Recovery Trust proposed a plan to assess and potentially block payouts to creditors in 49 "restricted" jurisdictions like China, Russia, and Pakistan.Options traders on the onchain platform Derive.xyz piled into July contracts after Bitcoin and Ethereum volatility sank in June, anticipating a sharp breakout this month, Head of Research Sean Dawson said.JD.com and Ant Group are pressuring China's central bank to approve offshore yuan-backed stablecoins in Hong Kong to boost the fiat currency's global role, Reuters reported.Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

Daily Crypto News: Bitcoin Wallet Dormant for 14 Years Moves $2 Billion, House of Representatives Declares 'Crypto Week' to Promote Digital Asset Legislation