Hong Kong China July S&P Global Manufacturing PMI

Monad is a Layer 1 attestation Blockchain compatible with the Ethereum Virtual Machine, providing a high throughput of 10,000 transactions per second by optimizing the Consensus Mechanism and transaction execution. The project team consists of former members of Jump Trading and has raised $19 million. Although it has not yet launched on the Testnet, its innovative performance has attracted widespread follow.

#PROVE#Up Or Down guys?

TROLL-FLUENCER

The U.S. House of Representatives has proposed a draft framework for the regulation of digital assets, aiming to coordinate the responsibilities of the SEC and CFTC, clarify the definitions of Blockchain and digital assets, protect consumer rights, and promote innovation. The draft covers topics such as DeFi protocols and user self-custody protection, and plans to gather opinions through hearings to advance the legislative process.

The bankruptcy liquidation of FTX has sparked controversy, with the rights of creditors being called into question. Recently, a document regarding the bankruptcy liquidation of FTX has attracted widespread attention. It is reported that a certain cryptocurrency exchange may confiscate claims from users in "restricted foreign jurisdictions." Even more shocking is that among the claims from these "restricted countries," as much as 82% comes from Chinese users. Due to China's strict restrictions on cryptocurrency trading, these users may be classified as "illegal" and thus lose their eligibility for claims. This not only means they cannot recover their losses, but their assets may also be "legally confiscated." This news has sparked a strong reaction in the community, with many questioning the clearing team's actions as lacking clear legal basis and accusing it of being a form of asset plunder. The company in bankruptcy is being taken over by a restructuring team from Wall Street, led by restructuring expert John J. Ray III as CEO.