Mizuho下调BitGo目标价至11美元，但称Clarity法案延迟或反而利好
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After ongoing discussions on Section 604, the MCSA has shifted to a neutral stance on the Clarity Act.
According to an article published on the X platform by a Fox Business Odaily reporter, the Major County Sheriffs of America (MCSA) has shifted to a "neutral" stance on the Clarity Act after recent ongoing discussions surrounding Section 604, the Blockchain Regulatory Certainty Act. In a letter to the Senate Banking Committee leadership, the MCSA stated that, based on its ongoing review of the bill, there remains an opportunity to further strengthen the legislation in a way that supports responsible innovation and addresses the practical needs of state and local enforcement.
The window for the passage of the Clarity Act is narrowing: whether it can pass before Congress's summer recess remains uncertain.
According to Foresight News , citing CoinDesk, the CLARITY Act's original goal of being signed on July 4th has been missed, and the window for its passage before the midterm elections is rapidly closing. While most of the Senate's work can proceed behind the scenes during the summer recess, the House process is currently stalled. Negotiators remain optimistic about passing the bill by 2026, but key coordination needs to be completed before the Senate recess on August 7th. If the bill fails to pass before the midterm elections, and the Democrats gain control of Congress after the elections, they will likely demand significant changes to the bill.
The probability of the Clarity Act being signed into law in 2026 has risen to 52%.
According to data from Polymarket, as reported by Mars Finance on July 5th, the probability of the Clarity Act being signed into law in 2026 has risen to 52%, an increase of 12 percentage points from July 3rd. In related news, the Major County Sheriffs Association (MCSA) stated that it no longer opposes the Clarity Act after initially expressing concerns about how it would affect investigations into illicit finance. Analysts believe that the MCSA's change of stance reduces a key obstacle in the Clarity Act's progress, increasing its likelihood of reaching the Senate vote. However, opposition from the banking industry to stablecoin yield products and DeFi regulation remains a major uncertainty.
South Korean think tank: Chip boom offsets manufacturing weakness, South Korean economy still on recovery track
According to Odaily Odaily, a South Korean official think tank stated on Wednesday that the South Korean economy remains on a recovery track, with the booming chip industry offsetting the overall slowdown in manufacturing. The Korea Development Institute (KDI), in its monthly economic assessment report, noted that South Korea's exports continued their "strong" expansion, driven by robust demand related to artificial intelligence. South Korea's monthly exports surpassed the $100 billion mark for the first time in June, reaching $102.25 billion, a year-on-year increase of 70.9%, setting a new record. KDI stated, "Although the growth rate of semiconductor exports has slowed, export value remains strong, supported by continued price increases." Driven by surging demand for memory chips, semiconductor exports nearly tripled to $44.82 billion, marking the first time monthly exports have exceeded $40 billion. However, KDI noted a slight decline in manufacturing output as "the rapid growth momentum in the semiconductor sector has slowed, and other sectors remain sluggish." KDI added that high oil prices and a weakening Korean won against the US dollar could "continue to exert upward pressure on prices, increasing the risk of further interest rate hikes and thus dragging down the recovery in consumption." (Jinshi)
Crude oil futures main contracts collectively strengthened
According to Odaily data, crude oil futures contracts collectively strengthened, with SC crude oil rising 5.08% to 461.7 yuan/barrel. Low-sulfur fuel oil (LU) rose 5.59% to 3983 yuan/ton. Fuel oil rose 5.44% to 3083 yuan/ton. Asphalt prices narrowed their decline to 1.04% to 3805 yuan/ton.
ArkStream Founding Partner: I had discussed investment with Li Bojie, but later found his contract to be very unprofessional, and he hadn't even figured out how to unlock it.
According to Odaily Odaily, Ye Su, Founding Partner of ArkStream Capital, wrote on X: "Li Bojie also contacted us during the fundraising process. At the time, we thought the project background was good, and we expressed our interest. Later, during the due diligence phase, we discovered that Li Bojie intentionally confused the funds he was interested in with the funds he had already invested in. Moreover, the contract he sent was very unprofessional. The team hadn't even figured out how to unlock the funds. One minute they would reply 'we'll decide later,' and the next minute they would reply 'we can place an order now.' So we decided to pass on him." Ye Su also mentioned: "Having worked in the first-tier market for 8 years, my deepest realization is that a founder's character and talent have absolutely nothing to do with each other. When founders are at a low point, they are very humble when raising funds, but it is when they achieve success that their character is truly tested. Li Bojie is a prime example; the fact that he dares to respond shows that he is justified in swindling money."