ChainCatcher news, BNB Chain announces the welcome of DeFi protocol UpTop and AI health technology platform Bitring as the new official sponsors of the BNB Hack hackathon. This addition not only brings two new bounty challenges for developers but also further expands BNB Hack's technical exploration in cutting-edge fields such as AI, DeSoc, DeSci, and DePIN.UpTop is a decentralized liquidity protocol built on BNB Chain that lowers the entry barrier for DeFi users through one-click BNB single-sided staking and IL protection mechanisms. UpTop has launched an $8,000 bounty challenge to encourage developers to innovate contract expansions and governance mechanisms around next-generation liquidity pools.Bitring is a wearable health platform that combines AI biomonitoring, on-chain incentives, and smart contract insurance. Its core product is a 999 gold smart ring that provides 24-hour health data analysis and on-chain protection. Bitring has set up 10 Genesis smart rings (each valued at $1,199) as development rewards to encourage the creation of AI modules that can recognize dietary and nutritional analysis.Since the launch of the event, BNB Hack has attracted hundreds of teams from around the world to submit projects, including several early projects that have gone live or received investment, such as Tokrio, Stitch AI, PlayAI, and BINK AI. Currently, 37 projects are still receiving support from ecosystem mentors and have the opportunity to win subsequent awards.

ChainCatcher news, according to a warning from the International Monetary Fund (IMF), the upcoming Trump tax bill may complicate the task of reducing fiscal deficits and debt burdens in the coming years.IMF spokesperson Julie Kozack stated that the U.S. needs to gradually reduce public borrowing in order to significantly cut the debt-to-GDP ratio, which is an important measure of debt sustainability.Kozack said, "The bill seems to contradict the goal of mid-term debt reduction." The IMF typically defines "mid-term" as three to five years. According to data from the Congressional Budget Office, the bill will increase the deficit by $3.3 trillion. (Jin Shi)

ChainCatcher news, according to the official announcement, the US-listed company DeFi Development Corp has announced an additional purchase of 17,760 SOL, worth approximately 2.72 million dollars.As of July 3, 2025, it holds 640,585 SOL and equivalent assets, with a total value of 98.1 million dollars.

ChainCatcher news, according to The Block, Solana reserve strategy company DeFi Development Corp (DDC) (formerly Janover) disclosed details of its $112.5 million private placement financing for purchasing SOL tokens, which includes a financial arrangement to provide investors with a hedging mechanism. The company will use approximately $75.6 million to fund "prepaid forward" stock purchase transactions, with the remaining funds allocated for "general corporate purposes, including the acquisition of SOL."According to the announcement on Wednesday, the company has secured a total of $112.5 million in convertible note principal—valued at approximately $132.2 million if the initial purchasers exercise all options—expected to close on July 7. The notes carry an annual interest rate of 5.5%, paid semi-annually, and will mature in 2030. The notes will also have a conversion premium of 10%, based on a closing price of $21.01 on July 1, 2025.

ChainCatcher news, Shadow Exchange X announced that the Sonic Points airdrop Season 2 is now live, the passive points mechanism has been canceled, and now only real DeFi activities count towards points. Trading and providing liquidity (LP) on Shadow using whitelisted assets will earn points. The loyalty multiplier and yield scoring will bring higher airdrop returns for Shadow users---Shadow accounts for 85% of the entire network's revenue sources.

ChainCatcher news, after the U.S. Senate passed President Trump's multi-trillion dollar tax bill, investors are concerned about the U.S. fiscal situation, and gold continues to rise. Gold prices remain around $3,340 per ounce, having increased by 2% over the previous two trading days.The latest version of the president's signed bill—expected to expand the deficit by $3.3 trillion over the next 10 years—is currently awaiting approval in the House of Representatives. If passed, this could enhance gold's appeal as a safe haven, as investors reconsider their allocations to U.S. assets due to concerns over Trump's destructive trade and economic agenda. The continued weakness of the dollar—currently at its lowest level since 2022—continues to support gold prices, offsetting the pressure from rising U.S. Treasury yields following a report on Tuesday showing an increase in job vacancies.

ChainCatcher news, the Hong Kong-listed company Delin Holdings announced that it has signed a memorandum of understanding with the RWA tokenized fintech company Asseto Fintech Limited. The two parties will cooperate to promote the application of compliant digital asset products and services, including stablecoins and decentralized finance (DeFi) integration.The cooperation also includes jointly launching a compliant multi-asset strategy fund, applying for stablecoin-related licenses, and exploring the possibility of tokenized fund shares as a source of stablecoin yield.

ChainCatcher news, according to the official announcement from the Nasdaq-listed company DeFi Development Corp. (Nasdaq: DFDV), it will raise $100 million through convertible notes to increase its holdings in SOL and repurchase company stock.ChainCatcher news, as previously reported, on June 13, DeFi Development Corp. reached a $5 billion equity credit facility agreement with RK Capital Management. This agreement allows DeFi Dev to independently decide to sell shares, subject to meeting certain conditions (such as submitting resale registration documents to the U.S. Securities and Exchange Commission). The company stated that it will submit the required documents soon. This will provide DFDV with the flexibility to raise funds at the most strategically significant time, helping to continuously increase its holdings in SOL and accelerate its "Shares Per SOL" (SPS) growth.

ChainCatcher news, according to Jinshi, U.S. Treasury Secretary Basent stated that the tariffs have not prompted the Federal Reserve to cut interest rates, which is "a bit confusing."(When asked if he thinks Federal Reserve Chairman Powell will cut rates before the fall) "I think they might take action earlier than the fall, but they will definitely cut rates by September at the latest."

ChainCatcher news, according to Cointelegraph, Bilal Bin Saqib, the chief advisor of the Pakistan Cryptocurrency Council, stated that in the future, Pakistan is preparing to deploy its national Bitcoin reserves into DeFi protocols for yield generation.The Pakistan Crypto Council submitted a draft legal framework for national Bitcoin reserves on June 6, and the Ministry of Finance agreed to expedite the approval process. The government hopes to lead the global south in the development and adoption of digital assets. Bilal Bin Saqib was appointed as the chief advisor of the Pakistan Crypto Council in March 2025, responsible for guiding Pakistan in integrating cryptocurrency and blockchain technology into its financial ecosystem and ensuring the establishment of a regulatory framework that aligns with global best practices. Michael Saylor will also serve as an advisor to assist Pakistan in building its Bitcoin reserves.

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that the "Great and Beautiful Act" reduces the deficit and national debt while unleashing economic growth.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Besant stated that we are moving forward with the vote on the tax bill (the "Beautiful Big Bill") today. This is an agreement that benefits the working class. We hope to expand the Medicaid program to benefit mothers, children, and those in need. We aim to restore the Medicaid program to pre-pandemic levels.Besant also stated that he disagrees with Musk's claim that the bill will increase the deficit. If the tax bill passes, we may see a surplus.

ChainCatcher news, the Islamic DeFi project inshAllah Finance announced the completion of a $2.1 million seed round financing, led by Alliance DAO, with participation from Blockchain Builders Fund, Polymorphic Capital, Sancus Ventures, and several angel investors.inshAllah Finance aims to combine Islamic finance with decentralized finance (DeFi) through the Solana network, providing Sharia-compliant financial services to the global Muslim community of 2 billion. Its latest products include the Sharia-compliant yield-bearing stablecoin iAUSD and the interest-free, low-liquidation-penalty lending protocol iABorrow.

ChainCatcher news, the Sui Foundation announced the winners of the Sui Overflow 2025 Hackathon, covering areas such as DeFi, entertainment culture, and payment wallets. A total of 599 project submissions were received, and 36 winning projects were selected across nine tracks, along with 10 winning projects from university groups.In the DeFi track, Magma Finance won first place with its AI-optimized yield strategy; in the entertainment culture track, GiveRep took the top spot by incentivizing positive contributions through blockchain and AI; in the payment wallet track, PIVY triumphed with its privacy payment tool. Additionally, SuiSQL topped the infrastructure and tools track.This hackathon also included a special university award, where student teams like SuiFL and Sui Battle AR showcased innovative applications of blockchain in education, gaming, and other fields. The community voting session received a total of 195,000 votes, and ultimately, 28 voters were awarded community prizes for accurately predicting the winning projects in their respective tracks.

ChainCatcher news, according to Crypto In America, Republican lawmakers are engaged in a fierce battle over the strategy for advancing key cryptocurrency legislation. The current question is------"Should it be passed separately or bundled together?" The "GENIUS Act," which was passed by the Senate last week, was handed over to the House on Monday, but lawmakers are still debating whether to push it as a standalone bill or to bundle it with the House's "Market Structure Act" and resubmit it to the Senate for revision.House Majority Whip Tom Emmer stated to Punchbowl News on Tuesday that the "GENIUS Act" is likely to pass in the House------"provided it is advanced in sync with the 'CLARITY Act' (the House market structure legislation)." Majority Leader Steve Scalise emphasized to CNBC that combining the two bills "aligns with industry demands."Currently, the "bundling faction," represented by Coinbase and venture capital giant a16z, believes that bundling legislation is the only viable path to complete market structure reform this year. The "step-by-step faction," primarily led by the DeFi community, advocates for quickly passing the "GENIUS Act" to achieve a phased victory.

ChainCatcher news, according to Coindesk, the decentralized finance protocol Grove officially launched this Wednesday, focusing on building institutional-grade credit infrastructure, and announced a strategic investment commitment of $1 billion in tokenized assets. DeFi lending giant Sky will allocate $1 billion to the Grove protocol for investing in tokenized collateralized loan obligations (CLOs).The protocol aims to bridge DeFi and traditional financial assets by bringing on-chain funds into regulated credit investments (with a focus on collateralized loan obligations CLOs). Grove's infrastructure allows crypto-native protocols and asset management companies to invest in real-world assets (RWA), thereby activating idle reserves and generating returns independent of the crypto market. The protocol is incubated by the DeFi specialist Steakhouse Financial, which played a key role in introducing RWA to the Sky ecosystem.