DefiLlama data shows that the trading volume of RWA perpetual contracts exceeded $100 billion for the first time in June, setting a new historical high. （Cointelegraph）

[Secret Network Proposes Migration from Cosmos to Arbitrum, SCRT Drops 24%] According to Cointelegraph, the privacy blockchain Secret Network has proposed migrating from Cosmos to Arbitrum, with the team stating that AI technology has reduced attack costs, making security risks a primary concern. The proposal requires governance voting, with plans to take a snapshot of SCRT balances on September 1 and issue a new ERC-20 contract on Arbitrum. Previously, the Axelar-Secret IBC bridge vulnerability resulted in a $4.7 million loss, and the total value locked (TVL) in the Cosmos ecosystem has dropped 88% from its 2021 peak to $2 billion. Secret Network's current TVL stands at $1.3 million. Following the announcement, the SCRT token fell 24% in 24 hours to $0.041.

Adam Back stated that Bitcoin is not a democratic system, but rather a form of self sovereignty that is superior to democracy. （Cointelegraph）

Ethereum co-founder Vitalik Buterin posted on X platform that the European Union is once again trying to push for a chat control bill, which is the sixth attempt by the EU to enforce the law. The bill allows users to scan all their private messages, photos, and emails without a search warrant.

The US CBDC ban bill will officially come into effect in two days. （The Bitcoin Historian）