Golden Evening News | Summary of Important Developments on the Evening of July 4th

12:00-21:00 Key words: Russia regulation, US-Iran, stablecoins

1. Russia’s cryptocurrency regulation bill may take effect on September 1;
2. German local banks will open cryptocurrency trading to retail clients;
3. After learning about China’s regulatory crackdown in advance, hundreds shorted Tiger Brokers and Futu, leading to a lawsuit;
4. Brazil’s central bank believes stablecoins should be classified as electronic money instruments;
5. Iranian officials warn other countries not to take military action in the Strait of Hormuz;
6. The total market cap of USD stablecoins has shrunk by $10 billion, as funds continue flowing into U.S. stocks;
7. The New York Times: Nearly one million investors have accumulated losses of $3.81 billion in Trump-themed tokens;
8. U.S. media reveals the details behind the US-Iran ceasefire agreement: Iran’s president and the central bank governor both appeared together to urge the Supreme Leader to “sign quickly.”