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Crypto

Changpeng Zhao explains meme coin burn controversy, says he only took out digital trash

Binance founder Changpeng Zhao said a large transfer of meme coins from his public wallet was not meant to support any project or influence prices, but to dispose of spam tokens. Blockchain media U.Today reported that about 400 million tokens issued by a third party were sent to a burn address, valued at about $1.6 million. Zhao said his wallet had been flooded with unsolicited tokens for years and he had repeatedly burned them.

Crypto

BitMine buys 27,801 more ether, Robinhood Chain impact draws attention

BitMine Immersion Technologies bought an additional $49 million worth of ether over the past week, lifting its total holdings to about 4.8 percent of circulating supply. Decrypt reported BitMine bought 27,801 ether, bringing total holdings to 5,770,038 ether. With ether trading around $1,780, its holdings were valued at about $10.1 billion. Tom Lee cited Robinhood’s Ethereum-based layer 2 network, Robinhood Chain, as a key driver.

Crypto

U.S. Clarity Act deadline nears ahead of August recess as Trump says Senate must pass it

The U.S. Senate is nearing a deadline to take up, debate and vote on the Clarity Act before the August recess, Bitcoin Magazine reported. The bill would clarify jurisdiction between the SEC and the CFTC over digital assets. President Donald Trump urged the Senate to pass it, citing competition from China and others. Talks continue on revised text, with disputes over developer protections and ethics rules tied to Trump’s crypto business.