Solana Foundation launches on chain governance mechanism SGP

On July 2nd, the trading volume of Shanghai Lux and Micron on the trade.xyz platform rose to the top 2, with 24-hour turnover of 516 million US dollars and 465 million US dollars respectively. The annualized funding rate of Hynix is 314.4%, indicating that Micron and Hynix have entered the market with bargain hunting funds.

According to The Defiant, ENS community member Christoph Jentzsch proposed on X platform that ENS DAO dissolve on its own, stating that ENS DAO has collapsed. He suggested destroying the ENSv2 Universal Router key and distributing the remaining funds to officially transform ENS into a public infrastructure. Christoph Jentzsch wrote code for The DAO in 2016 and currently operates Tokenize.it. He does not hold any formal position in ENS governance.

In the past 7 hours, 7.055 million Ethereum tokens (worth 2.66 million US dollars) have flowed into Binance, with WLD prices dropping from 0.395 US dollars to 0.365 US dollars, a decrease of 8%. (Ashes)

US Senator Cynthia Lummis refutes Elizabeth Warren's allegations of loopholes in the Clarity Act and states that the bill includes 16 illegal financial safeguards measures. （Cointelegraph）

According to The Defiant, Avalanche Treasury Corp, a Nasdaq listed company, warned in its SEC quarterly report of significant doubts about its ability to continue as a going concern. The company's stock price has fallen 93% in the past month, from over $10 in early June to below $0.73 on June 29th. Avalanche Treasury Corp plans to establish $1 billion worth of AVAX holdings, with approximately $265 million in AVAX purchase costs currently reduced to approximately $123 million.