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The voting has been full of twists and turns! The U.S. House of Representatives finally passed a procedural vote to advance three encryption legislation items, and the Genius bill is expected to be signed this week.

Author: Weilin, PANews
On July 17 (Wednesday local time), the U.S. House of Representatives passed a procedural vote on three significant cryptocurrency bills, paving the way for the votes on the "GENIUS Act," "Clarity Act," and "Anti-CBDC Act," which are expected to be voted on again on Thursday local time.
Despite July 14 being forecasted as "Crypto Week" in the House of Representatives, the actual voting process was full of twists and turns. On Tuesday afternoon local time, the House voted 196 to 223 to reject the advancement of three proposals, with 12 Republicans opposing and expressing concerns about the ambiguity of the "GENIUS Act" regarding CBDCs.
Record-breaking 9-hour voting! 3 bills ultimately advanced, with the Genius bill making the fastest progress.
The latest vote on July 17 (Wednesday local time) lasted for more than 9 hours, setting a record for the procedural voting duration in the House of Representatives.
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Bloomberg's chief financial writer: Why is the stock market willing to pay 2 dollars for a Crypto Asset worth 1 dollar?

The article explores why the US stock market is willing to purchase shares of companies holding Crypto Assets at a premium, analyzing investor psychology and market structure. Although Vanguard has a critical stance towards Crypto Assets, as the largest shareholder in the market, it reflects the growing importance of Crypto Assets in investment portfolios. In the future, the stock market will inevitably absorb more Crypto Assets.
ai-iconThe abstract is generated by AI
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Narrative Economics of the crypto market: Vision over metrics, sentiment before application

Author: jawor, encryption KOL
Compiled by: Felix, PANews
"The human brain is naturally good at telling stories. And the economy is built on the basis of human decision-making." — Robert J. Shiller (American economist, Nobel Prize in Economics laureate)
1. Narrative as a market engine
In December 2017, something strange happened. Friends who had never cared about the encryption market began asking how to buy Bitcoin. It wasn't because they had read the white paper; they didn't even understand what blockchain was. They had simply heard a story: someone they knew made life-changing money.
That's enough.
In the narrative economics described by Nobel laureate Robert J. Shiller, cryptocurrency is the most fertile ground: the infectious narratives that influence market behavior are no less than, and may even exceed, traditional factors such as interest rates or GDP.
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Depth Analysis of Camp Network: AI x IP Infrastructure for the Era of Data Scarcity

This report is authored by Tiger Research and analyzes the innovations of Camp Network in AI-native IP infrastructure and its position in the evolving data sovereignty economy.
Key Points
Data, as its core driving force, is propelling the development of artificial intelligence, but experts predict that this data will be exhausted by 2026. This creates a serious bottleneck crisis for the advancement of artificial intelligence technology.
Camp Network addresses this issue by enabling users to ensure ownership of their data while allowing artificial intelligence to pay a fair cost for the use of licensed data. Camp Network has proposed the "Proof of Provenance" protocol to facilitate this exchange.
By this method, Camp Network simultaneously achieves artificial
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$PUMP strongly rebounds to a new high, the long term value competition with Bitcoin Hyper becomes the new focus of the 1000x coin.

In July, influenced by meme culture, the token $PUMP in the Solana ecosystem successfully raised $600 million in its presale, with the price skyrocketing from $0.004 to $0.0065. At the same time, the Bitcoin Hyper project is focused on the scalability of Bitcoin based on technology, attracting users and funds. The market presents two investment styles: the short-term high fluctuation of $PUMP and the stable rise of Bitcoin Hyper, requiring investors to weigh their choices.
ai-iconThe abstract is generated by AI
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Ethereum welcomes a capital reshuffle! ETH price rebounds significantly, institutional reserves race becomes a new turning point.

Author: Nancy, PANews
In recent days, as the price of ETH continues to rise, the Ethereum arms race has become increasingly intense, and market confidence has significantly rebounded. This wave of rebound is largely attributed to the active influx of institutional funds. However, with more institutional participants accelerating their entry, Ethereum may face a capital transformation.
Wall Street enters the game with ETFs, and the narrative of listed companies' reserves brings a new turning point.
The launch of the Ethereum spot ETF was once seen as an important milestone towards Wall Street and traditional finance, with the market generally expecting it to significantly boost the price and ecosystem of Ethereum.
However, since the launch of the Ethereum spot ETF in July 2024, the market has not seen the expected spark, with ETH price performance being weak and the ETH/BTC exchange rate continuing to decline, resulting in a significant impact on investor confidence. Meanwhile, some selling activities by the Ethereum Foundation have also sparked market controversy, although these sell-offs may be...
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