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Share link:In this post: Mantle gained prominence for its significant ETH treasury, acquired during previous market cycles before the project rebranded from BitDAO. MNT tokens rallied by over 20% to trade at $0.88 as the L2 platform saw significant activity growth in July. Mantle is gaining traction after years of low activity, with an inflow of stablecoins and emerging DeFi apps.
The SEC has issued a non-binding statement clarifying that liquid staking tokens are not securities, helping crypto firms with regulatory compliance, but exceptions remain.
In the short term, there may be limited legislative catalysts to support the valuation increase of crypto assets, but the outlook for the crypto space remains optimistic over the coming months.
As the Tornado Cash trial nears its conclusion, SEC Commissioner Hester Peirce defends crypto privacy, challenging federal regulators' stance on privacy tools like crypto mixers.
EUR/USD trimmed losses after weak US jobs data and aggressive Trump tariffs raised expectations of a Fed rate cut in September.
Ripple’s decision to push for cross-appeals extended its battle with the SEC, but now both parties are focused on ending the case, despite a final legal defeat for Ripple.
- 13:56A trader bought $29,000 worth of TROLL three months ago and made a profit of $3.78 millionAccording to a report by Jinse Finance, and as monitored by Lookonchain, trader "frostx.sol" spent $29,000 three months ago to purchase 20.91 million TROLL tokens. The trader then sold 2.55 million TROLL for $507,000 and still holds 18.36 million TROLL, currently valued at $3.73 million. With the recent surge in TROLL, the position has appreciated nearly 1,300 times, resulting in a profit of $3.78 million.
- 13:53U.S. Federal Government Partners with OpenAI to Promote Artificial Intelligence ApplicationsAccording to a report by Jinse Finance, Fox News has reported that the U.S. General Services Administration (GSA) announced today that it has reached a cooperation agreement with OpenAI to provide ChatGPT Enterprise services to all federal agencies, with each agency paying a $1 usage fee. This initiative is a key component of the Trump administration's artificial intelligence action plan, aimed at enhancing the efficiency of government departments. OpenAI CEO Sam Altman stated that by providing AI tools to the public service sector, government personnel can better serve the American people. As part of the collaboration, federal agency employees will receive customized training resources and guided learning programs.
- 13:53Analyst: The Market Underestimates the Risk of US Tariffs Being Overturned by Federal CourtsAccording to a report by Jinse Finance, eToro analyst Lale Akoner stated that the market is underestimating the risk that U.S. tariffs could be overturned by federal courts. "If this happens, I believe President Trump will have to return the tariff revenues." He may have to go through a much longer process. This would lead to greater uncertainty. These risks are unfavorable for U.S. assets. The purpose of the tariffs is to increase revenue, as Trump's tax and spending policies will raise the national debt. Last week, the U.S. Court of Appeals for the Federal Circuit expressed skepticism over Trump's attempt to justify his use of emergency powers to impose global tariffs.