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The US Independence Day amnesty targets three groups, potentially becoming a new tool for Trump to win over the public.

According to BlockBeats, on July 3rd, the 250th anniversary of American independence, the White House is discussing a proposal to grant a presidential pardon to 250 people. It is understood that "President Trump will be the final decision-maker for all pardons." This news has sparked heated discussions in the community: if the pardon proposal passes, who should be pardoned? Some analysts point out that the 250th anniversary pardon list should emphasize symbolic and public interest dimensions, highlighting the image of "merciful America" or correcting cases considered "weaponized justice." In the actual decision-making process, lobbying, political loyalty, public attention to high-profile cases, and potential economic, diplomatic, and presidential benefits will all be important considerations. Therefore, white-collar/financial criminals; reformed, non-violent criminals; and criminals involved in high-profile/symbolic cases or "politically/policy-related" cases are the three groups most likely to be pardoned. Based on publicly reported cases, applications, prediction markets, and historical discussions, BlockBeats has compiled the following list of individuals involved in highly controversial federal cases: White-collar/Financial Criminals: Former FTX executive Ryan Salame and FTX founder SBF are undoubtedly worthy of serious consideration by Trump. Since his second election, Trump has consistently portrayed himself as a crypto supporter, and given his continued need for substantial crypto community support during his midterm elections, Ryan Salame and SBF are undoubtedly top contenders for the pardon. Other media reports indicate that Jho Low, a key figure in the 1MDB multi-billion dollar misappropriation case, has reached an asset recovery agreement with the U.S. Department of Justice and has therefore been included on the pardon list. Rapper Pras Michel, convicted of lobbying efforts related to the 1MDB scandal, is also under consideration. In addition, businesswoman Elizabeth Holmes, embroiled in the largest tech fraud case in history for founding the blood testing company Theranos, is also a hot topic in the community. Goodly Rehabilitated, Non-violent Offenders: Nicole Daedone was convicted of conspiracy to force labor by a federal court and sentenced to nine years in prison for founding OneTaste. OneTaste reportedly promoted wellness programs such as "orgasm meditation," and was accused of forcing employees (including women) to participate in sexually related labor and "intimate practices" under the guise of "volunteer work," creating a systematic forced labor environment. Nicole Daedone's release was highly anticipated in the market. The reason is that the wellness industry background might be interpreted as a "controversial business model" rather than extreme crime, easily fitting into the "goodly rehabilitated" narrative. Political Prisoners: WikiLeaks founder Julian Assange was charged with violating the Espionage Act for publishing a large number of classified US documents (including Iraq/Afghanistan war logs and diplomatic cables). In 2024, he reached a plea agreement with the US Department of Justice (on a lesser charge) and was released, returning to Australia. Edward S
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:33

Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.

According to a recent stablecoin industry report released by Binance Research on July 8th, in the first five months of 2026, TradeFi-related perpetual contracts accounted for approximately 11% of the total perpetual contract trading volume, with a cumulative trading value exceeding $1.1 trillion. Binance's trading value exceeded $500 billion, representing a market share of approximately 47%.

07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.

07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

According to Foresight News , Gate responded to online reports of user assets being stolen, stating that the incident shows the customer made a withdrawal between 3:00 PM and 4:00 PM on July 7th, and reported the loss to online customer service at 5:00 PM on July 8th. Gate has initiated an investigation, and the incident is currently under urgent investigation. Preliminary assessments indicate it is an isolated case, there are no system security vulnerabilities, and the website is operating normally. Preliminary investigations suggest this incident may be related to a leak of user information; the specific details are under investigation. Gate will disclose further details as soon as the investigation concludes.

07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.

07-08 20:17

Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

According to Mars Finance, 11 departments, including the Guangdong Provincial Government Service and Data Management Bureau, recently issued the "Guangdong Provincial Action Plan for Promoting the Digital Transformation of Cities and Building Smart Cities." The plan emphasizes using cities as comprehensive carriers for the construction of Digital Guangdong, promoting infrastructure connectivity, data integration, platform interoperability, business integration, and a smooth ecosystem. It also aims to actively explore future-oriented smart city management models and achieve high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area smart city cluster. By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced, the level of efficient digital governance will be greatly improved, digital public services will be more efficient and convenient, the momentum of digital economic development will be fully released, and the digital ecosystem will be comprehensively and collaboratively guaranteed. A number of effective and replicable typical application scenarios for digital transformation will be implemented, with Guangzhou, Shenzhen, Foshan, and Dongguan taking the lead in building efficient smart governance systems and implementing a number of advanced, usable, and independently controllable large-scale urban models. By 2030, no fewer than 10 cities will have achieved full-area digital transformation, achieving an overall leap in the digital transformation of cities throughout the province, forming a number of new smart city benchmarks and digital China city models with regional competitiveness and national influence. (Cailian Press)

07-08 20:10

Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

Odaily Odaily that Morgan Stanley reiterated its "Overweight" rating on Rocket Lab (RKLB) and maintained its target price of $105, but raised its most bullish target price from $185 to $293. Morgan Stanley analysts believe that the acquisition of Iridium will expand Rocket Lab's potential market space and reposition the company as a vertically integrated space platform. While SpaceX has significant scale and cost advantages over Rocket Lab, the latter is moving closer to the former's model.