Overview of Important Midday Developments on July 4

7:00-12:00 Keywords: Russia, EU, Base

1. Russia considers permanently legalizing stablecoins for cross-border payments;

2. The EU and the US emphasize cooperation in crypto regulation;

3. Base transaction volume rises to 241 million in Q2 2024;

4. Bitwise: Ethereum is one of the most exciting tech investments in the world;

5. Bitwise discloses in S-1 update its plan to waive fees for Ethereum spot ETF for a limited time;

6. BloFin: Bitcoin price faces high downside risk due to current market liquidity levels;

7. Bittensor: PyPi software package vulnerability leads to hacker attack, working with exchanges to recover funds;

8. Fantom Foundation announces allocation of 200 million FTM to support partners migrating to its new Sonic network;

9. South Korean Presidential Office: Appoints Deputy Minister of Finance Kim Byeong-Hwan as the new head of the financial regulatory agency.