Bitget Daily Digest (6.30)｜U.S. Senate Debates “Big and Beautiful” Act, BlackRock Increases BTC Holdings for 9 Consecutive Weeks; Solana Staking ETF Rumored to Launch

Today’s Preview

1. U.S. June Chicago PMI will be released today (previous: 40.5)
2. 2027 FOMC voter and Atlanta Fed President Bostic gives speech on the U.S. economic outlook
3. Singapore MAS: Unlicensed crypto service providers must stop serving overseas clients by June 30
4. BNB Chain’s 0 Gas Fee stablecoin transfer campaign ends today
5. Across Protocol (ACX) to unlock about 100 million tokens, representing 22.61% of circulating supply
6. Kamino (KMNO) to unlock around 229 million tokens, 10.44% of circulating supply
7. Optimism (OP) unlocks approximately 31.34 million tokens, 0.67% of circulating supply

Macro & Hot Topics

1. U.S. Senate passes procedural motion advancing the “Big and Beautiful” Act. The Senate voted 51–49 to pass a procedural motion advancing what President Trump calls the “Big and Beautiful” tax and spending bill. With this motion passed, the likelihood of the bill passing in coming days increases. The bill, which totals over 1,000 pages, focuses on extending Trump-era tax cuts, providing new tax breaks for tips and auto loans, increasing defense spending, and allocating more funds for combating illegal immigration. The target is to enact the bill by July 4.
2. BlackRock increases its Bitcoin holdings for nine consecutive weeks, totaling about 107,139 BTC. Its Bitcoin ETF IBIT has increased BTC allocations every week, including 12,355 this week and sustained accumulations through the past two months.
3. REX Shares says its Solana staking ETF “REX-Osprey SOL+Staking ETF” is coming soon. This ETF will reportedly track Solana’s performance and generate yield via on-chain staking, marking the first U.S. crypto staking ETF. Bloomberg analyst Eric Balchunas said the SEC seems ready, as there are no further comments after the REX and Osprey dual application.
4. U.S. CBO: Senate “Big and Beautiful” bill will add $3.3 trillion to debt. The Senate’s version will add $800B more than the House version, raising total federal debt to $36.2 trillion over the next decade.

Market Overview

Institutional Views

News Updates

1. Trump on tariff extension: “I don’t think an extension is necessary, but it could be extended.”
2. U.S. Senate passes procedural motion to advance “Big and Beautiful” Act.
3. Hong Kong Financial Secretary: Stablecoins have the potential to transform payments and capital markets.
4. BIS: Trump's criticism does not threaten Fed independence.

Project Developments

1. Michael Saylor releases new Bitcoin tracker info, may disclose more purchases this week.
2. JUST DAO: JustLend USDJ collateralization ratio to fall from 75% to 0%, reserve ratio raised from 5% to 100%.
3. USD1 daily trading volume hits record $1.25B in the past 24 hours.
4. NFT trading volume rose 8.17% week-on-week to $125.1M, including a 31.77% rise on Ethereum.
5. REX Shares: Solana staking ETF launch imminent.
6. Geth client’s new version supports PBSS archive nodes, slashing storage needed.
7. Data: BlackRock added about 107,139 BTC over nine consecutive weeks.
8. DeFi: High-risk lending fell sharply, LRTs on ETH continue net outflows.
9. Lido DAO votes in dual-governance structure, giving stakers veto/delay rights.
10. Polymath acquires Polymesh Association, moves towards becoming a listed entity.

X Highlights