MarsBitNews

According to Mars Finance, CoinDesk reported that the U.S. House of Representatives plans to vote next week on the Senate's proposed "GENIUS Stablecoin Act," abandoning the promotion of its own version. This move responds to President Trump's call to accelerate cryptocurrency legislation, and if passed, it will become the first significant crypto regulatory law in the United States. At the same time, the House is also focusing on advancing the "Digital Asset Market Clarity Act," which aims to establish a comprehensive regulatory framework for the crypto market. The Senate Banking Committee expressed hope to complete the legislative process by September 30.

Uber CEO Dara Khosrowshahi mentioned that they will consider using stablecoins for global fund transfers, marking an intensified focus from tech companies on stablecoins. With improvements in the regulatory environment and expanded commercial prospects for stablecoins, major companies like Amazon and Meta are also exploring the applications of stablecoins, although there are still challenges in general consumer acceptance.

According to Mars Finance, starting from January 1, 2026, cryptocurrency users in the UK will be required to submit information including full name, date of birth, address, country of residence, and tax identification number to service providers, or they may face a fine of up to £300 (approximately $408). This regulation applies to all businesses classified as crypto service providers, including exchanges, Wallet applications, NFT markets, and crypto asset management services.

According to Mars Finance news, on July 9, Glassnode released data on social media stating that the majority of wallet groups are in a state of reduction, especially retail investors holding 1-10 coins of BTC. However, a notable exception is that large entities holding 1000-10000 coins of BTC are showing an almost perfect accumulation trend. This divergence highlights the clear belief differentiation between large and small coin holders.

Atari stated in its latest fiscal year earnings report that it will adjust its Web3 ecosystem plan, Atari X, due to the small scale of trading activities, and will focus on its core video game business in the future.

Written by: Oliver, Mars Finance
On July 9, 2025, the Hong Kong stock market was enveloped in a strange atmosphere of extremes. On the previous trading day, Jinyong Investment (01328.HK) was like a runaway wild horse, with its stock price soaring from less than 2 HKD to 15 HKD, a surge of more than 6 times, driven by a memorandum of cooperation regarding "stablecoins," pushing its market value to exceed 10 billion HKD at one point. However, just 24 hours later, the dazzling fireworks turned into a cold waterfall, with the stock price plummeting over 40%, trapping countless latecomers at the summit.
This thrilling capital roller coaster, like a thunderclap, has shattered the noisy curtain of Hong Kong's "stablecoin concept". It is not only a classic case of speculation and bubbles, but also a prism that reflects the desire, anxiety, and confusion of capital under the grand narrative of Hong Kong's move towards becoming a global Web3 hub. As everyone turns their attention to that claimed number of only "individuals".

According to Mars Finance, Projective Finance, a sustainable development platform, has launched a $7 million lending pool on the Avalanche Blockchain to fund solar projects for public schools in Illinois. The platform tokenizes municipal loans through blockchain technology, allowing Decentralized Finance (DeFi) investors to directly participate in government-backed renewable energy infrastructure projects.

Woori Bank applied for 12 stablecoin-related trademarks on July 7, becoming the third major commercial bank in South Korea to apply for such trademarks, covering Crypto Assets financial transactions and electronic transfer services.

According to Mars Finance news, media and technology company GameSquare (NASDAQ: GAME) announced the completion of a $8 million fundraising to launch its Ethereum fund management strategy. According to the announcement, this round of financing was completed through an underwritten public offering at a price of $0.95 per share, totaling 8,421,054 shares of common stock issued. The company's board of directors has approved a phased investment plan for Ethereum not exceeding $100 million, while also reserving sufficient working capital for daily operations.

The SEC is considering a new framework to expedite the approval process for Spot encryption ETFs, with a draft expected to be released this month, and several encryption ETFs likely to be approved. Analysts predict that the new regulations could be implemented as early as September or October.

According to Mars Finance news, Adam, a macro researcher at Greeks.live, released a briefing for the Chinese community, which pointed out that the group generally feels anxious about the current market, believing that Bitcoin has been oscillating in the range of 105,000 to 110,000 USD for too long, lacking a clear direction. Traders are focusing on 107,000 USD as an important support level for Bitcoin, and generally believe that if this position is broken, the market will not be very optimistic, while also expecting fluctuations to occur through a false breakout to new highs.

In July 2025, a number of small companies on Wall Street began to bet on Bitcoin and other digital assets, leveraging the "Saylor Effect" to raise funds. The article analyzes the high-risk financial operations of these companies, questions their long-term sustainability and regulatory challenges, explores whether they are innovative or speculative behaviors, and warns of potential future financial crises.