The CBDC ban bill in the United States will officially come into effect in two days

According to The Block, South Korean fintech company Toss has partnered with Optimism and Sunnyside Labs to explore Korean won denominated stablecoins. The three parties will conduct a concept validation in the coming months to test the application of OP Stack in compliant blockchain digital finance infrastructure.

Arc announced that the Arc testnet will undergo load testing on July 8th to evaluate network performance and stability under extreme conditions. During the testing period, users may encounter network congestion, increased transaction failure rates, increased gas fees, prolonged block generation times, and brief pauses in block production.

According to Tradeweb data, the yield of the US 10-year treasury bond bond rose to a four week high of 4.565%.

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.