Planet Daily News

1. Stablecoin market cap hits a new high of $2585 billion, trading volume declines but fees surge; 2. Tokenized money market fund platform Spiko completes a $22 million Series A funding round, led by Index Ventures; 3. Thai SEC partners with Bank of Thailand to launch sandbox program, allowing foreign tourists to exchange digital assets for Thai Baht; 4. Analyst: US tax cuts are expected to put pressure on the long end of US bonds; 5. US House Speaker: Ban on Federal Reserve issuing digital currency is expected to be included in the National Defense Authorization Act later this year; 6. Analysis: Trump's firing of Powell could cause the US dollar to fall by 5%; 7. Binance: Users with Alpha scores of no less than 213 can participate in this BAS pre-sale event; 8. CryptoQuant: Short-term holder MVRV shows that $BTC still has room to rise; 9. Hong Kong-listed company Yee Lee Holdings announces the issuance of HK$19.95 million in convertible bonds for the development of Web3 business. [Messari]