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📢 Gate Square Daily | July 1
1️⃣ Industry News: Financial institutions including Visa, Stripe, Mastercard, BlackRock, and Coinbase are preparing to launch the stablecoin OUSD, building an on-chain dollar infrastructure for institutional payments and settlements.
2️⃣ Regulatory News: The U.S. SEC has initiated a new ETF regulatory framework assessment and opened a public comment period, focusing on crypto ETFs and prediction market-related products.
3️⃣ Market News: BTC is at $58,530, down 2.9% in 24 hours; ETH is at $1,569, down 2.8% in 24 hours.
4️⃣ Institutional Moves: Trump disclosed holding over $100 million in BTC and ETH; U.S. Vice President JD Vance disclosed holding between $250k and $500k in Bitcoin.
5️⃣ On-Chain News: a16z continues to reduce its HYPE position, transferring approximately $10.19 million in tokens to trading platforms over the past two days.