ETH breaks through the $3400 mark

According to Eleanor Terrett, a Republican member of the House of Representatives has just changed their vote on the encryption bill from support to opposition, bringing the current number of Republicans opposing the bill to 10.

According to BlockBeats, on July 17th, according to Lookonchain monitoring, three wallet addresses from South Korean trading platforms Bithumb and Upbit have hoarded 945 million PENGUs (approximately $32 million) in the past week. These three wallets currently hold 2.92 billion PENGUs (worth $96.73 million, accounting for 3.8% of the total supply).

BlockBeats News: On July 17th, according to Onchain Lens monitoring, Abraxas Capital's "basket" token short position on Hyperliquid has lost $131 million. Its short selling targets include BTC, ETH, SOL, SUI, FARTCOIN, etc.

Odaily Planet Daily News: The European Union's Anti Money Laundering Authority (AMLA) has issued a warning to the cryptocurrency industry, requiring companies to comply with upcoming stricter regulatory requirements, including the ban on anonymous wallets and privacy coins. The new regulations require regulatory agencies to review the actual owners and shareholders of cryptocurrency service providers to ensure that they are not involved in money laundering or terrorist financing activities. Cryptocurrency companies also need to provide government agencies with direct, immediate, and unfiltered access to account data. These measures will be fully implemented before July 2027. Previously, France and the Netherlands had launched anti money laundering investigations into Binance, involving issues of terrorist financing and tax fraud. （Decrypt）

BlockBeats News: On July 17th, Flashblocks was launched on the Base network, increasing the network's base speed by 10 times. It is reported that Flashblocks have shortened the effective block time from 2 seconds to 200 milliseconds, making the Base network the fastest EVM chain currently available. This upgrade may prepare the infrastructure for the launch of the Base App. Previously, Coinbase announced the launch of the "everything app" - the "Base App" to replace Coinbase Wallet. The new application integrates wallet, transaction, and payment functions, as well as social media, instant messaging, and mini program support, all running on its independently developed Ethereum Layer 2 network Base.