1. Federal Reserve's Bostic Says Inflation May Have Reached a Turning Point, Rate Cuts Need to Wait

Federal Reserve's Bostic: Inflation may be at a turning point, with the latest CPI showing increasing inflationary pressures. We should wait for rate cuts. -Original

2. U.S. House Stablecoin Bill Vote Stalled, CBDC Position Becomes Key Disagreement

During the legislative push of "Crypto Week," the second round of procedural voting on crypto bills in the U.S. House has stalled, with some Republican lawmakers insisting on including provisions to ban central bank digital currencies (CBDCs), leading to disagreements. Although the first round of voting has advanced the bill process, including key proposals like the GENIUS Stablecoin Bill, the wording regarding CBDCs has become a focal point of controversy, leaving the prospects for subsequent votes uncertain. Trump had originally planned to sign the bill this week, but the situation is now described as "utter chaos." -Original

3. Roger Ver Faces 109 Years in Prison for Tax Evasion, Attempts to Block Extradition

Early Bitcoin supporter Roger Ver is wanted by U.S. authorities for alleged tax evasion and may face 109 years in prison. He has sued Spain in an attempt to prevent extradition to the U.S. The U.S. claims he evaded "exit tax" when renouncing his U.S. citizenship and concealed substantial income from crypto assets, involving about $48 million in taxes. Ver has filed a lawsuit with the European Court and is publicly seeking external support. -Original

4. SharpLink Gaming Increases Holdings by 9,420 ETH, Total Holdings Near $1 Billion

On July 17, according to Onchain Lens monitoring, SharpLink Gaming has increased its holdings by 9,420 ETH, worth $31.66 million, just 3 hours ago. It currently holds a total of 296,508 ETH, valued at $997.26 million. -Original

5. Citigroup Explores Issuing Stablecoin for Cross-Border Payments

Citigroup CEO Jane Fraser stated during this week's earnings call that the bank is exploring the issuance of a stablecoin for cross-border payments, joining a growing number of large banks considering launching stablecoin projects. "We are looking into the possibility of issuing a Citigroup stablecoin," Fraser said on Tuesday, "We are exploring… the reserve management mechanisms for stablecoins, as well as the two-way conversion channels from cash to tokens and from tokens to cash." In fact, Citigroup had previously shown interest in the stablecoin market. According to a May report by The Wall Street Journal, Citigroup had discussions with financial institutions such as JPMorgan Chase, Bank of America, and Wells Fargo about the possibility of jointly issuing a stablecoin pegged to the U.S. dollar. -Original

6. Tether Treasury Mints an Additional 2 Billion USDT

Tether Treasury has just minted an additional 2 billion USDT on the Ethereum chain in two transactions. -Original

7. Bank of America CEO Reveals Collaboration with Stablecoin Projects

The CEO of Bank of America stated that the company will collaborate with some stablecoin projects. -Original

8. Federal Reserve Beige Book Shows Economic Outlook is Neutral to Slightly Pessimistic

Federal Reserve Beige Book: Economic activity has seen slight growth from late May to early July. The economic outlook is neutral to slightly pessimistic, with only two regions expecting economic activity to grow, while other regions anticipate that economic activity will remain flat or slightly weaken. -Original

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