[Bitcoin Daily News Selection] Bitcoin breaks through $116,000, Ethereum stands above $3,000; the U.S. Treasury officially rescinds controversial Crypto Assets "broker" tax rules; Trump: Crypto Assets "rise to the ceiling";

Daily Web3 news selected for you by the BitPush editor:

[Bitcoin突破$116,000, Ethereum站上$3,000]

According to reports, market data shows that in the past 24 hours, Bitcoin surged over $5,000 in a single day, reaching a high of $116,608.7, once again setting a new historical record.

Ethereum surpasses $3000 per coin for the first time since early February this year.

[US Treasury Officially Withdraws Controversial Cryptocurrency "Broker" Tax Rule]

According to Bitu's news and reported by The Block, the U.S. Treasury and the Internal Revenue Service (IRS) officially revoked the controversial cryptocurrency "broker" tax rules on July 10, marking the end of a nearly four-year regulatory dispute. The rule originally required non-custodial service providers, including decentralized exchanges, to collect and submit customer transaction information like traditional securities brokers, which sparked strong opposition from the industry.

Market analysts pointed out that this move will significantly alleviate the compliance pressure on DeFi protocols, especially addressing the practical difficulties of collecting user information for self-operating blockchain protocols. At the same time, this is also seen as an important signal of marginal easing in the U.S. crypto regulatory environment, which may provide a more favorable development space for decentralized financial innovation.

[Trump: Cryptocurrency "Skyrocketed"]

According to BitPush news, U.S. President Trump stated on social media: "Technology stocks, industrial stocks, and the Nasdaq index have reached all-time highs! Cryptocurrency has 'broken through the ceiling.' Since Trump imposed tariffs, Nvidia's stock price has risen by 47%. The U.S. is imposing hundreds of billions of dollars in tariffs. The nation is now 'back.' Great honor! The Federal Reserve should quickly lower interest rates to reflect this strength. The U.S. should be at the 'top.' No inflation!!"

[Florida Attorney General's Office Investigates Robinhood's Cryptocurrency Trading Promotion]

According to Bituan News and Bloomberg, the Florida Attorney General's office officially launched an investigation into Robinhood's cryptocurrency trading business on July 10, accusing the platform of misleading consumers during its promotional activities. The investigation documents indicate that Robinhood is suspected of falsely advertising its platform as "the cheapest way to buy cryptocurrencies." Currently, the state prosecutor has issued a subpoena to the company, requiring it to submit relevant marketing materials and internal pricing documents.

This investigation focuses on three core issues: first, the transparency of the actual cost structure of Robinhood's crypto trading; second, the alignment between the platform's promotional language and the actual fees; third, whether there is any deliberate concealment of additional fees. It is noteworthy that this is the second major regulatory challenge faced by Robinhood this year; just two months ago, the company reached a $10 million settlement with New York state regulators regarding anti-money laundering compliance issues.

Market data shows that after the survey news was released, Robinhood's stock price fell by 3%.

[Polymarket's June trading volume surpassed $1.1 billion, setting a new high for the year]

According to BitPush news, The Block data shows that the trading volume on the Polymarket platform reached $1.16 billion in June, a month-on-month increase of 9.4%, setting the highest monthly trading volume since $1.26 billion in January.

At the same time, the number of new markets on Polymarket increased by 21.4%, reaching approximately 7,990 in June, a new high. This indicates that Polymarket has been increasingly diversifying its markets in recent months, contrasting sharply with the more politically focused market landscape expected by the end of 2024.

On the other hand, the total number of active traders on Polymarket in June decreased by 9.4% month-on-month, slightly above 242,000. Compared to the historical peak of about 462,000 in January, the number of traders in June also fell by 47.6%.

[Shanghai State-owned Assets Supervision and Administration Commission convenes a study meeting for the central group on the development trends and response strategies of cryptocurrencies and stablecoins]}

According to news from Bitpush, the Shanghai State-owned Assets Supervision and Administration Commission held a central group study meeting on July 10, focusing on the development trends and response strategies of cryptocurrencies and stablecoins. He Qing, Secretary of the Party Committee and Director of the Municipal State-owned Assets Supervision and Administration Commission, pointed out the need to fully implement the spirit of the 7th Plenary Session of the 12th Municipal Committee, adhere to innovation-driven development, maintain a keen perception of emerging technologies, and strengthen research and exploration of digital currencies. It is essential to integrate production and data, exploring the application of blockchain technology in areas such as cross-border trade, supply chain finance, and asset digitization. We must remain proactive and energetic, improve strategic agility and initiative, further promote the deep integration of technology, finance, and industry, and better leverage the important role of state-owned assets and enterprises in technological innovation, industry control, and security support, making new and greater contributions to the construction of the five centers in Shanghai.

[Federal Reserve Governor Waller: Stablecoins can boost overall demand for the dollar]

According to the news from BitPush, Federal Reserve Governor Waller stated on Thursday that stablecoins will enhance competition in the payment system, which is a good thing. Waller mentioned at an event at the Dallas Federal Reserve Bank that the rise of stablecoins will make many types of payments cheaper and faster. "As a free market capitalist economist, my goal is to reduce costs for households, consumers, and businesses through competition in the payment space," Waller said. He also noted that stablecoins may dampen the demand for U.S. cash but will bolster the overall demand for the dollar.