Core Viewpoint - Pennsylvania House Democrat Ben Waxman has proposed legislation to "prohibit officials from profiting from cryptocurrencies while in office" in response to perceived corruption linked to former President Donald Trump's cryptocurrency activities [1] Legislative Details - The proposed bill, HB1812, was submitted on Wednesday and has the support of eight Democratic co-sponsors [1] - Waxman accuses Trump of profiting from his Meme coin and TRUMP cryptocurrency projects while advocating for relaxed federal regulations on the cryptocurrency market to "shield these schemes from scrutiny" [1]

智通财经APP获悉，由美国总统特朗普组建的加密货币工作组将于当地时间周三发布政策报告，预计将 阐明政府在代币化、定义市场的加密货币立法等对数字资产行业至关重要的问题上的立场。 今年1月上任后不久，特朗普便下令成立加密货币工作组，负责提出新的监管规定，兑现了他在竞选时 承诺的全面改革美国加密货币政策的誓言。此次发布的报告是该工作组阶段性成果的集中体现，也是其 首次公开披露的研究结论。根据特朗普1月发布的行政令，报告将详细阐述为实现白宫支持加密货币发 展的政策目标所需制定的法规体系。 据一位了解相关讨论的人士透露，报告内容将包括确保美国证券交易委员会(SEC)建立一个框架，让企 业能够发行基于区块链的股票和债券。另一位熟悉该报告的人士表示，报告还将阐述政府对国会目前正 在讨论的、旨在为加密货币制定广泛监管指南的立法的期望清单。 美国白宫、财政部和SEC均未立即回应就该报告置评的请求。 加密货币公司Jito Labs的首席法律官Rebecca Rettig表示："尽管目前已有一些监管制度，或许这些制度 较为零散，或者在某些方面促进了行业发展，但我们预计报告中的建议将成为一份良好的路线图，指引 如何将加密货币打造成未 ...

Core Viewpoint - The recent surge in the US stock market, with the S&P 500 and Nasdaq indices reaching record highs, is driven by better-than-expected corporate earnings, rising expectations for Federal Reserve interest rate cuts, and short-term policy benefits [1][2]. Group 1: Market Performance and Drivers - As of July 20, 12% of S&P 500 companies reported Q2 earnings, with 83% exceeding expectations, particularly in the technology sector [2]. - Nvidia's stock saw a weekly increase of 4.54%, contributing to a 1.51% rise in the Nasdaq 100 index during the same period [2]. - Factors such as "import rush" behaviors mitigating tariff impacts and high overseas revenue for tech firms benefiting from a declining dollar index are noted as key drivers [2]. Group 2: Federal Reserve and Market Sentiment - The upcoming Federal Reserve meeting at the end of July is highlighted as a potential turning point for the market, with the possibility of either maintaining or unexpectedly cutting interest rates [4]. - The delay in implementing "reciprocal tariffs" and tax incentives from the "Big and Beautiful" plan are seen as factors that have improved market risk appetite [2]. Group 3: XBIT Decentralized Exchange Features - XBIT provides a secure and transparent trading environment through three core advantages: zero-knowledge proof for privacy protection, distributed cold storage for asset security, and automated smart contracts for efficiency [5][6]. - The platform's smart contracts ensure quick settlement with a 0.1% slippage in transactions, enhancing fairness and efficiency [5]. Group 4: Regulatory Compliance and Market Adaptation - XBIT's strategy includes compliance without KYC verification, supporting 70% of token issuance on the Solana chain, and ensuring asset flow remains unaffected by regional policy restrictions [6]. - The platform's "no lockdown, no review" trading mechanism allows for seamless transactions even amid global trade tensions [6]. Group 5: Market Correlation and Investment Strategies - The correlation between the US stock market and the cryptocurrency market has intensified, with Bitcoin's price showing a 30-day volatility difference of 6% compared to the Nasdaq index [8]. - XBIT's dynamic liquidity pool technology offers investors tools to hedge against market fluctuations, allowing for quick asset switching to capture short-term gains [8]. Group 6: Future Outlook for XBIT - As global monetary policies diverge, XBIT's decentralized advantages are becoming more pronounced, with analysts predicting increased cross-market allocation demand if the Fed signals rate cuts in September [9]. - The introduction of a "meme coin staking" mechanism by XBIT allows users to participate in project governance with an annual yield of 215%, indicating potential for ecosystem expansion in the Web 3.0 era [11].