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Yuxin Technology has deepened its engagement with stablecoin issuers and signed a confidentiality agreement, systematically laying out the stablecoin ecosystem, exploring the issuance process, technical solutions, and Compliance tokenization, and promoting transparency in the industrial chain transactions and the construction of the payment system.

On June 29, according to market news, Trump stated that TikTok has buyers, and they are a very wealthy group of people.

U.S. Republican Senator Katie Britt predicted that the Senate will vote on the 30th to pass the tax and spending bill that Trump calls "big and beautiful." Previously, the Senate passed a procedural vote by 51 to 49, with Democrats using delaying tactics to force a lengthy reading of the entire bill.

The evening updates on June 29 include Trump’s poll rating hitting a new low, the bank for international settlements commenting that Trump’s criticism of The Federal Reserve (FED) does not affect its independence, Citic Securities being optimistic about the development of digital assets, multiple companies in London exploring Bitcoin strategies, and the potential transformation of the Capital Market by Hong Kong stablecoins.

On June 29, according to official news, CEX Alpha launched Fuel Network (FUEL). Eligible users can use Alpha points to claim 5,550 FUEL Tokens Airdrop within 24 hours after the trading starts on the Alpha event page. Users holding at least 170 Alpha points can participate in the airdrop, on a first-come, first-served basis, until the airdrop pool is exhausted or the event ends.

On June 29, according to the latest poll from Newsweek, President Trump’s approval rating has fallen to an ATL. The survey shows that 43% of Americans are currently satisfied with Trump’s performance, while 53% express dissatisfaction, giving him a net approval rating of negative 10%. Reports indicate that after Trump announced the "Liberation Day" tariffs in April, his poll numbers initially dropped significantly. Although his approval rating quickly rebounded, his recent actions seem to have reignited public discontent with the White House.

[CITIC Securities: Stablecoins, RWA and other digital asset sectors are expected to accelerate into a new stage of development] CITIC Securities research report states that Hong Kong's regulatory policies for stablecoins have continuously made breakthroughs. The "Hong Kong Digital Asset Development Policy Declaration 2.0" has been officially released, marking the transition of Hong Kong's digital asset market from the "pilot program" phase to the "implementation promotion" phase. Brokerage firms are laying out the virtual asset trading service market, which may initiate a wave of license upgrades. The digital asset era is expected to accelerate its comprehensive opening, with stablecoins, RWA, and other digital asset sectors poised for vigorous development in a new stage.

OneKey Company stated that it strongly denies any allegations of public attacks against the Curve project, emphasizing that founder Yishi's investment actions are personal. OneKey will hold accountable for malicious statements and reiterate the safety of its products.

The smartphone launched by the Trump Organization, priced at $499, has been questioned as "Made in America", as it is actually produced by a Chinese company. After the media discovered this, the Trump Organization revised the description, stating that the phone was "born" in America.

On June 29, according to the report by Ta Kung Wen Wei, Hong Kong's Secretary for Financial Services and the Treasury, Xu Zhengyu, stated that digital assets are an inevitable trend, and stablecoins should be viewed as financial development tools to enhance financial efficiency, rather than for profit-making or speculative purposes. With the "Stablecoin Regulation" about to come into effect, he emphasized that the government's regulatory approach must be clear, requiring issuers to have sufficient capital or reserves, and to establish a stablecoin redemption mechanism to mitigate potential financial risks and safeguard monetary sovereignty.

[bank for international settlements: Trump's criticism of The Federal Reserve (FED) interest rate decisions does not threaten its independence] bank for international settlements: Trump's criticism of The Federal Reserve (FED) interest rate decisions does not threaten its independence. The global economy and financial system have entered a new era of heightened uncertainty. No "concerning" signs related to the fall of the dollar Exchange Rate have been found. The rise of protectionism and trade fragmentation is "particularly worrisome."

On June 29, the bank for international settlements stated that Trump's criticism of The Federal Reserve (FED) interest rate decisions does not threaten its independence. (Jin10)

On June 29, according to DefiLlama data, the total market capitalization of stablecoins across the network is reported at 253.609 billion USD, with a rise of 0.82% over the past 7 days. Among them, USDT's market share is 62.48%, showing a slight increase from last week. The issuance of USDC has increased by 0.84% in the past week, currently reported at 61.392 billion USD.

The Financial Secretary of Hong Kong, Paul Chan, pointed out that stablecoins have the potential to revolutionize the Capital Market and address the issues of slow and costly cross-border payments. The government will promote the application of stablecoins in various scenarios to alleviate the pain points in the lives of businesses and citizens, and relevant legislation will be implemented on August 1.

[Hong Kong: Stablecoins are expected to bring transformation to the Capital Market and will encourage issuers to promote the application of stablecoins to different scenarios] On June 29, news reported that the Financial Secretary of Hong Kong, Paul Chan, stated that the potential of fintech in cross-border trade applications is enormous, with the goal of addressing long-standing pain points such as slow cross-border payment speeds and high costs, thus better serving the real economy in the payment sector. The "Digital Asset Development Policy Declaration 2.0" released last week includes "promoting application scenarios and cross-sector cooperation" as one of its four pillars, mentioning that stablecoins provide a cost-effective alternative outside the TradFi system, with the potential to transform payment and Capital Market activities, including cross-border payments. The legislation for stablecoins will come into effect on August 1 of this year, and the Hong Kong government and financial regulatory agencies will strive to create a favorable market environment, along with necessary regulatory measures, to encourage issuers to promote the application of stablecoins to different scenarios, helping to address the needs of businesses and citizens in their daily lives.

On June 29, affected by the U.S. Independence Day holiday, the U.S. non-farm payroll report for June will be released early on July 3 (Thursday) at 20:30. On that day, U.S. stocks and CME stock index futures trading will close early. The U.S. stock market will be closed on July 4 for one day. The trading of precious metals, crude oil, forex, and stock index futures contracts under CME will end early at 01:00 on July 5, Beijing time, and the trading of Brent crude oil futures contracts under ICE will end early at 01:30 on July 5, Beijing time. (Jin10)

[cbBTC circulating supply exceeded 46,000 coins, expanding its share in the wrapped Bitcoin market to 25.1%] According to Dune data, the circulating supply of CEX's wrapped Bitcoin CEX Wrapped BTC (cbBTC) has surpassed 46,000 coins, increasing by over 13,000 coins in the past month. The current market capitalization of cbBTC is approximately 4.725 billion USD, and its share in the wrapped Bitcoin market has expanded to 25.1%, second only to wBTC's 70.2%.

June 29 Update: Bitdeer increased its holdings by 40.3 BTC, with total holdings reaching 1,486 BTC; The U.S. Senate passed the "Too Big to Fail" bill; James Wynn profited from a Bitcoin short order; Cathie Wood suggested that BTC could be used for CEX mortgage loans to buy houses; CEX was selected as one of Time Magazine's Top 100 Companies for 2025; Vitalik issued a warning about digital IDs.

On June 29, according to on-chain analyst Ai Yi (@ai_9684xtpa), a certain ETH Whale closed all positions after holding for 47 days at an average price of $2438.5, selling 1550.4 ETH worth $3.78 million, incurring a loss of $69,000. This whale had made a large one-time purchase of ETH on May 12 at an average price of $2482.73, with a maximum unrealized gain of $614,000 during the period, but did not take profit.

[El Salvador purchased 1 BTC again about 10 minutes ago as its strategic reserve] According to Bitcoin Magazine, El Salvador purchased 1 BTC about 10 minutes ago as its strategic reserve.