Chinese tech giants are urging the central bank to grant them permission to issue yuan-backed stablecoins in a bid to challenge the growing dominance of dollar-based stablecoins. Countering Dollarization of the Digital Economy Chinese tech giants JD.com and Ant Group are reportedly urging the central bank to permit them to issue yuan-backed stablecoins to counter
The post President Zelenskyy’s Suit Sparks $79 Million Fight on Polymarket appeared first on Coinpedia Fintech News Ukrainian President Volodymyr Zelenskyy’s simple outfit has turned into a million-dollar debate on Polymarket, the popular crypto betting site. What started as a small question, “Will Zelenskyy wear a suit before July?” has now pulled in nearly $79 million in bets, all hinging on whether his jacket and pants combo counts as a suit. Millions Bet on Zelenskyy’s Outfit It all began when someone on Polymarket opened a market asking if Zelenskyy would appear in a suit between May 22 and June 30. On June 24, Zelenskyy showed up at a NATO meeting in the Netherlands wearing a dark jacket, shirt, pants, and trainers. Photos and videos spread fast. Some traders quickly claimed victory, saying this was a suit, but not everyone agreed. Polymarket initially ruled “yes,” but the result has been challenged twice, leaving millions of dollars locked until a final decision comes through. This isn’t the first time Polymarket users have fought over Zelenskyy’s clothes. Back in May, a similar bet closed with the same confusion. Derek Guy also weighed in then, claiming the outfit was technically a suit because the jacket and pants were made from the same cloth. Why Zelenskyy’s Suit Matters During a highly publicized Oval Office meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy in early 2025, Trump openly criticized Zelenskyy, not just for his political stance, but also for his appearance and choice of attire. Although Zelenskyy has said he will wear a suit again only when Ukraine’s war with Russia is over. Until then, he sticks to military-style clothes to show solidarity with his troops.
Hilbert Group, a publicly listed investment company, has officially introduced a robust cryptocurrency fund strategy that prioritizes Bitcoin as its central reserve asset. This strategic move underscores the firm’s confidence
BitcoinWorld CertiK Validates FUNToken’s Smart Contract Strength With “AA” Upgrade July 2025 In a significant boost to its ecosystem credibility, FUNToken has been officially upgraded to an “AA” security rating by CertiK , the leading blockchain security auditor. This milestone reflects FUNToken’s continued commitment to transparency, smart contract integrity, and robust operational practices across its growing Web3 and decentralized gaming platforms. With this upgrade, FUNToken now ranks among the most secure projects on CertiK’s Skynet monitoring system, a testament to the team’s focus on long-term value creation and user protection. Key Highlights: “AA” Skynet Rating : CertiK’s upgraded score indicates strong on-chain security , no critical vulnerabilities , and responsive resolution of past issues . Ongoing Monitoring : FUNToken continues to benefit from real-time insights via CertiK’s Skynet, ensuring transparency and proactive threat detection. User Trust Amplified : The rating reinforces confidence for both developers and token holders in the FUNToken ecosystem. Quote from the FUNToken Team: “This upgrade reflects the tireless efforts we’ve made to build a secure and sustainable foundation for the future of decentralized gaming,” said a FUNToken spokesperson. “We’re proud to be recognized by CertiK as a trusted, top-tier project and this is just the beginning.” About FUNToken FUNToken is the utility token powering a growing suite of decentralized, gamified experiences including high-stakes spins, crypto quizzes, and AI-powered Web3 engagement. With over 10 million games played and tens of millions of FUN distributed in rewards, the token is redefining what it means to earn in the digital age. About CertiK CertiK is a leading blockchain security firm specializing in smart contract audits, formal verification, and real-time monitoring through its Skynet system. Trusted by major Web3 projects, CertiK sets the standard for security in blockchain ecosystems. This post CertiK Validates FUNToken’s Smart Contract Strength With “AA” Upgrade first appeared on BitcoinWorld and is written by Keshav Aggarwal
500,000,000 XRP unlock stuns Ripple escrow in surprising July maneuver
On July 1, 2025, major lending platform Ledn stopped supporting Ether and turned into a 100% Bitcoin-focused company. While the move aligns well with the wave of Bitcoin-mania, the same focus on Bitcoin from corporations, institutions, and governments poses new threats for the Bitcoin lending business. Full focus on Bitcoin Ledn had plans to drop support for other cryptocurrencies aside from Bitcoin. While Bitcoin maximalists may see it as a manifestation of Bitcoin purism, the company explained the move differently: it aims to make its product simpler and focus on excelling in the only operation type–Bitcoin lending. Regardless of the reasoning, the move is well-received among those who don’t give credit to any cryptocurrency except for Bitcoin. This audience is getting increasingly visible in this cycle. now I can start recommending Ledn again. — Brad Mills 🔑⚡️ (@bradmillscan) July 2, 2025 Ledn co-founder Adam Reeds called this transition the return to the roots. Earlier, Ledn named risk management as the reason for a future halt on using clients’ assets for yield farming. The assets are kept by Ledn itself or via the company’s partners. Bitcoin-backed loans and the current market situation In the past, the Bitcoin lending sector saw turbulence. In 2022, Celsius, BlockFi, Voyager, and Genius were shut down. Ledn looks in the future optimistically as the Trump Administration’s efforts to make the crypto business less restrictive are good for Bitcoin-backed loans ventures. One of the main moves benefiting Bitcoin lending was the repeal of the SAB 121, a controversial 2022 rule that made crypto custody really hard. Read more: SEC repeals SAB 121, easing crypto custody rules Another trend that can serve as a tailwind for Bitcoin lending is the accumulation of Bitcoin by Bitcoin treasury companies, although their activity can have a negative impact too (we’ll speak about it too). Companies like Strategy (formerly MicroStrategy), Nakamoto, Metaplanet, and others are buying Bitcoin in bulk. Governments accumulate Bitcoin they got through seizing, mining, and other means. Institutional custodians like BlackRock or Fidelity rapidly grow their Bitcoin accounts, too. All of these lock huge amounts of bitcoins out of the market, which leads to stabilizing the lower edge of the Bitcoin price, which is the perfect climate for Bitcoin lending companies. The increase in the number of Bitcoin allies among institutional investors is also vital for companies like Ledn, as lending ventures need more dollars in the sector to let more operations for more people. Even in February 2025, Reeds was stating that the lending sector is “incredibly short dollars” and needs more institutional investors to allow more people to take Bitcoin-backed mortgages, etc. Bitcoin derivatives markets (that cannot exist without Bitcoin lending) cement the BTC price stability, too. Ledn co-founder Mauricio Di Bartolomeo outlined it in his essay on responsible yield on digital assets. He writes that Bitcoin lending crushes down price volatility, makes spreads tighter, and improves the health of the spot short markets that are used as a hedge. Therefore, the market needs Bitcoin lending, and it’s another reason for companies like Ledn to come up. New threats for Bitcoin lending Everyone’s focus on Bitcoin may play a mean role for the lending sector. In the current cycle, individuals and institutions are reluctant to sell their bitcoins. Instead, everybody seems to try to accumulate as much as possible, and Bitcoin treasury companies, huge asset management companies, and governments lock up more Bitcoin than miners produce, effectively devouring liquidity. At some point, lending companies may face a situation of a Bitcoin deficit available for lending out. This, in turn, may lead to an increase in borrow rates on spot short markets, a shrinkage in short interest (it may get barely profitable), and less value clarity in the market as bearish sentiment won’t be reflected adequately on the derivatives market. This means that the price will behave less predictably, and the volatility will increase. Shorting on futures markets becomes unprofitable and riskier, too. As the Bitcoin price goes up, Bitcoin bears may lose billions in liquidations. $6,000,000,000 worth of #Bitcoin shorts to be liquidated at $120,000 👀 LET’S LIQUIDATE THEM ALL 🚀 pic.twitter.com/6lzCOud4FV — Vivek⚡️ (@Vivek4real_) July 3, 2025 As the short market is shrinking and borrowing Bitcoin becomes too expensive, the options market liquidity will drop. Arbitrage trading will become less flexible, which may lead to distortion in the futures market prices as they may face higher discrepancies from the spot market. On the individual side, these problems open up more exposure to counterparty risk, trust-reliance, and the need for leverage. Ironically, all of these risks are what Bitcoin was intended to fight in the first place. Conclusion The crypto market and the broader financial market have complex structures, and every action contributes to various impacts, both positive and negative ones. Heavy demand for Bitcoin by institutions, corporations, and governments may make it hard to borrow Bitcoin. It, in turn, may negatively impact the derivatives markets and lead to price volatility and liquidations on spot short markets. This may make things worse for the actor, depending on Bitcoin reserves; that’s how this circle closes. However, as the Bitcoin price stabilizes and the regulation may get friendlier, there is hope for a positive scenario. You might also like: BlockFi CEO was aware of FTX’s conditions when lending to it
The U.S. House of Representatives has formally passed President Donald Trump’s “One Big Beautiful Bill,” one of his most comprehensive legislative packages. The bill, which brings together a range of priorities from tax cuts to border security, aims to enact a series of goals that Republicans have been working on for a long time. The bill includes making permanent Trump’s tax cuts that went into effect in 2017, no tax on tip income, increased spending on immigration enforcement, and construction of a border wall. Trump announced weeks before taking office that the bill would be a large and powerful package that would “get the country back on its feet.” “Members of Congress are working on powerful legislation that will bring our country back and make it greater than ever,” Trump said on Jan. 5. “We must secure our borders, unleash American energy, and renew the Trump Tax Cuts, the largest tax cut in history.” Republicans used the advantage of having a majority in both chambers to pass the bill in the House on May 22. However, some changes were made in the Senate to pass the bill with a simple majority. After these changes, the bill was sent back to the House for a final vote and was approved in its final form in the vote held today. Related News: Company Known as the MicroStrategy of Solana Purchases Massive Amount of SOL The White House announced that President Trump will sign the “One Big Beautiful Bill” at midnight on Friday. Economists are divided on the economic impact of the law. Bernard Yaros, chief U.S. economist at Oxford Economics, predicts that spending will increase in the short term and the economy will be boosted, particularly by tax cuts on tips, overtime, car loan interest and expanded state and local tax credits. But he says that in the long run, these individual tax cuts will lead to price increases and will have limited economic growth. Yaros also said that the effects of cuts to social assistance programs such as Medicaid and SNAP and the rollback of climate incentives under the Disinflation Act will be felt more clearly starting in 2026, and that real GDP will increase by only 0.1 percent by 2030. In response, the Main Street Alliance, which represents more than 30,000 small businesses in the U.S., called the bill a “Big, Ugly Bill.” “This bill surrenders the promise of freedom and justice to the interests of monopolies and billionaire donors, while working families are still footing the bill,” it said in a statement. The International Monetary Fund (IMF) also warned about the law. IMF spokesperson Julie Kozack said Trump’s new tax law could make it harder to reduce budget deficits and public debt in the coming years. “This law runs counter to the goal of reducing debt in the medium term,” Kozack said, adding that according to Congressional Budget Office data, the law would increase the budget deficit by $3.3 trillion. *This is not investment advice. Continue Reading: Major Tax Cut Bill Passes House of Representatives in the US – When Will Trump Sign It? What Will Be the Impact? Experts Respond
Mars Finance News reported on July 4th that prominent ETH/BTC trader James Fickel executed significant transfers totaling 80,000 ETH to Coinbase Prime, valued at approximately $204 million. According to Yujin
Bridgewater Associates founder Ray Dalio says the US could be headed to a financial crash because political leaders are cautious against taking aggressive actions to address America’s budget deficit. In a post on the social media platform X, the billionaire says senior members of both the Democratic and Republican parties agree that the US needs to reduce its deficit to 3% of the GDP (g ross domestic product). But he says the so-called absolutist policies prevent the adoption of measures such as tax increases and cuts to benefits that can address the debt problem. “They explained the absolutist policies that must exist and those are that you must make statements like I will absolutely pledge not to raise your taxes or I will absolutely pledge not to reduce your benefits.” Dalio says it is clear that the US is unlikely to change its debt trajectory and could face painful consequences. He says political leaders may be thrown out by their constituents and face pressure from their parties, so they find it impossible to make compromising statements and actions that can balance the revenue and expenses to produce a good budget. “That’s the equivalent of saying I will absolutely pledge not to change the trajectory we’re on in order to have a better set of circumstances than the likely financial crash that we’re going to have.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Ray Dalio Says US Unlikely To Change Debt Trajectory and Avoid a Financial Crash – Here’s Why appeared first on The Daily Hodl .
Japanese digital bank Minna is pioneering the integration of stablecoins and Web3 wallets to enhance real-world payment solutions, signaling a significant shift in Japan’s financial landscape. The collaboration with Fireblocks,