According to Onchain Lens monitoring, BlackRock bought and withdrew 1,698.44 BTC, worth approximately $130 million, and 11,700 ETH, worth approximately $28.3 million, from Coinbase Prime.

Odaily News: Carolyn Wilkins, a member of the Bank of England (BoE) Financial Policy Committee, said that the growth of dollar stablecoins could reinforce the dollar's global dominance and increase demand for US Treasuries. Speaking at Queen's University Belfast, she noted that dollar stablecoins can facilitate cross-border settlement and expand access to dollar-denominated assets outside the United States.

Tether, the issuer of USDT, and fintech company Circle, the issuer of USDC, held nearly $150 billion in US Treasuries by the end of 2025 and bought about $33 billion that year. Wilkins pointed out that large-scale stablecoin redemptions could force issuers to sell Treasuries, thereby amplifying volatility in stressed markets.

Total stablecoin circulation has now exceeded $300 billion, with 98% of that value pegged to the US dollar. Wilkins said this gives the dollar a significant first-mover advantage, and the development of the stablecoin market now has implications beyond the cryptocurrency sector.

The development of pound sterling stablecoins has been relatively slow. The UK Financial Conduct Authority has tested potential issuers through a dedicated regulatory sandbox and finalized UK stablecoin issuance rules in June; the Bank of England has also tested the feasibility of using stablecoins in coordination with a simulated digital pound for cross-border trade payments. (Cointelegraph)

Odaily News: According to Gate data, Brent crude oil (XBRUSD) has risen above $110/barrel, currently trading at $110.00/barrel, with a 24-hour gain of 2.8%.

Odaily: Dragonfly managing partner Haseeb Qureshi stated that price movements in onchain Pre-IPO derivatives reflect interesting market expectations for AI lab valuations. He noted that Jacob Coxon's earlier pessimistic remarks about AI risk actually pushed related lab valuations higher, arguing that "scaring everyone seems to be good for business."

Haseeb said that after Anthropic CEO Dario Amodei proposed "slowing the frontier race," related valuations were not significantly affected, which is not surprising, since reducing the model race means training spending declines, thereby lowering major capital expenditures. However, after David Sacks publicly criticized Dario, Anthropic's valuation was largely unaffected, while OpenAI's valuation declined, and he raised questions about the reason for this.

Odaily reports: Coinbase posted on X platform stating that it has become one of the first partners of the X Cashtag program. X announced the launch of the X Cashtag partner program in the United States, allowing users to click on stock, ETF, and cryptocurrency tickers in their timeline to view price charts and related posts, and through the "Trade" option, jump to participating brokerages such as Interactive Brokers, Moomoo, Gemini, Kraken, and Coinbase to complete transactions.

Odaily reports: Bitcoin News posted on X platform stating that Coinbase Vice Chairman Ryan VanGrack said clear regulatory rules for cryptocurrency will be introduced, whether through Congress or regulators. During an appearance on CNBC, VanGrack stated that the over 600-page CLARITY Act is closer than ever to gaining bipartisan support, with backing from law enforcement groups, Wall Street firms, and crypto voters. He also noted that the SEC and CFTC have made it clear that new rules will be introduced regardless, adding that "now is the time to choose policy over politics and get this done."

Odaily News: The U.S. crypto market structure bill, the Clarity Act, is approaching its first Senate vote, with no indication that the two sides have reached an agreement sufficient to ensure the bill's passage. A counterproposal put forward by Democrats on Monday evening has already met with Republican resistance. (CoinDesk)

Odaily Report: If congressional authorization is explicitly required, I will meet with US House Speaker Johnson. In the field of artificial intelligence, we need to address both innovation and security issues simultaneously. We are engaged in "the most important fight of a lifetime" for strategic industries. The Treasury's bond buyback intervention has been successful. The funding offset plan for $5,000 checks is "moving forward." Lawmakers are encouraged not to exempt AI from liability. AI companies should not be given a "blank check on liability." We made tens of millions of dollars in past aid to Argentina. We have maintained ongoing dialogue on the Japan intervention issue. The US used "notional amounts" in the yen intervention. The US made tens of millions of dollars in the yen intervention.

Odaily News: The Iranian Revolutionary Guard Navy issued a statement saying that the Strait of Hormuz has been blocked and is under its control, and any vessel entering "unsafe routes" may be involved in an incident.

Odaily reports that trade.xyz posted on X that the 2x long SNDK daily ETF SNXX is now live, offering 10x leverage and 24/7 trading.

Odaily News: US Treasury Secretary Bessent called TPLF (third-party litigation funding) proceeds a "malignant factor" in the financial system. He stated that the Treasury Department is reviewing the $5,000 check proposal. The President's intent regarding $5,000 checks is "very real." It was reported last week that Trump said: if Republicans win both chambers of Congress, every American adult will receive $5,000.

Odaily News: U.S. Treasury Secretary Bessent said on Tuesday that the dollar continues to remain strong as a reserve currency, and the growth in global trading volume reflects "the credibility of our system and the measures taken by this administration." Bessent said at a congressional hearing: "A strong dollar is not a price on a screen; it is the embodiment of a series of actions. As we have seen during this administration's term, we are establishing regulatory certainty, tax certainty, trade certainty, and energy certainty, and this is bringing trillions of dollars in capital to the United States." He said that although countries such as Russia have reduced their foreign exchange reserves, other countries are still actively increasing their holdings. (Jinshi)

Odaily Report: Bitwise Chief Investment Officer Matt Hougan stated that the United States originally had the opportunity to enhance industry security, drive investment, and ensure its continued global financial market leadership for the next 50 years by improving crypto policy, but it is currently sacrificing this opportunity for short-term political gains.

Odaily: US House Speaker Johnson: Will not allow the (United States) to lose its competitive advantage in the field of artificial intelligence. AI company executives are expected to visit the White House within the next week.

Odaily reports, according to CoinGlass data, that over the past hour, total liquidations across the network reached $115 million, of which $109 million were long positions and $6.0269 million were short positions, with longs accounting for approximately 95% of the liquidation amount.

Among these, BTC liquidations totaled approximately $41.0074 million, and ETH liquidations totaled approximately $40.4386 million, together accounting for about 71% of the liquidations over the past hour.