Daily News: Bitcoin Price Hits $110,000 Record High, Worldcoin Secures $135M in Funding

 The crypto market is buzzing with major developments today! Bitcoin Price Hits $110k New High, GENIUS Act Passes Motion to Enter Amendment Process, and Texas House of Representatives Passes Strategic Bitcoin Reserve Bill SB 21. Meanwhile, WLFI Announces Purchase of $B, Solana Mobile Announces Seeker Phone to Ship on August 4, Circle Announces Mainnet Launch of Circle Payments Network and Worldcoin Raises $135 Million in Funding.

BTC Price Briefly Surges Above $110,000 This Morning, Setting a New All-Time High

According to HTX, BTC price briefly surged above $110,000 this morning, reaching a peak of $110,741 and setting a new all-time high. It has since retreated to $109,645.00, with a 24-hour increase of 0.63%.

Former FOX Reporter: GENIUS Act Passes Motion to Enter Amendment Process

Former FOX reporter Eleanor Terrett posted on social media that the Stablecoin “GENIUS Act” passed the debate motion with 69 votes in favor and 31 against, entering the amendment process.

Wu Jiezhuang: Hong Kong Legislative Council Passes Third Reading of Stablecoin Bill, Applications Open by Year-End

Hong Kong Legislative Council member Wu Jiezhuang revealed that the Legislative Council of the Hong Kong Special Administrative Region has passed the third reading of the Stablecoin Bill. Following its passage, major institutions are expected to be able to apply to the Hong Kong Monetary Authority to become compliant stablecoin issuers by the end of 2025. Wu stated that Hong Kong’s stablecoins will be backed by fiat currencies as underlying assets, welcoming global enterprises and institutions interested in issuing stablecoins to apply in Hong Kong. He emphasized that stablecoin issuance is only the first step in the Web3 infrastructure, with future focus on two key areas: creating more application scenarios for stablecoins, such as retail and cross-border trade, and enhancing the market attributes of stablecoins, including releasing interest to holders to improve market competitiveness.

Texas House of Representatives Passes Strategic Bitcoin Reserve Bill SB 21, Awaits Governor’s Signature

According to Bitcoinlaws, the Texas House of Representatives passed the third reading of Bill SB 21 with 101 votes in favor and 42 against. The bill aims to establish the "Texas Strategic Bitcoin Reserve" for investing in crypto assets with a market cap of no less than $500 billion. The bill has been submitted to the governor for signature.

Trump-backed WLFI Buys BUILDon’s B token in Appreciation for Choosing USD1 as Its Stablecoin Base.

World Liberty Financial (WLFI) announced its support for the BUILDon project and the acquisition of some B tokens. On-chain data shows that 3 hours ago, the Trump family’s crypto project WLFI used 25,000 USD1 to purchase 636,961.3179 BUILDon (B) tokens. Following the purchase, B surged in value, with its market capitalization exceeding $100 million.

Binance Announces New Alpha Points Airdrop TGT

According to the official announcement, eligible Binance users with at least 199 Binance Alpha points can claim an airdrop of 500 TGT tokens on the Alpha Event page starting at 10:00 UTC on May 21, 2025.

Solana Mobile Announces Seeker Phone to Ship on August 4 and Its Native Token SKR

According to official news, Solana Mobile announced that its second phone, Seeker, will begin shipping on August 4, 2025. Additionally, Seeker will launch the SKR token, the native asset of the Solana mobile economy. SKR tokens will be directly distributed to developers and users participating in the ecosystem.

Chillonic Token Launches with A 342% Pump in Post-Public Sale

Chillonic, the first programmable attention asset on Sonic SVM, has officially launched. Based on the self-developed "Chill-404 Protocol," it enables the two-way splitting and synthesis of NFTs and $CHILL tokens. Users can disassemble NFTs into tradable tokens based on rarity or participate in yield strategies through DeFi scenarios like LP and staking. Chillonic leverages the Attention Capital Market framework, integrating "liquidity flywheel" and "attention flywheel" mechanisms to convert user interactions and market popularity into measurable on-chain value. Chillonic has completed its public sale on Creampad, with the $CHILL–$SONIC trading pair simultaneously launched on Sega DEX. $CHILL surged over 342% upon launch. The splitting feature is now available at chillonic.fun.

Circle Announces Mainnet Launch of Circle Payments Network, Supporting Real-Time USDC Cross-Border Settlements

According to official news, the Circle Payments Network mainnet has officially launched. This blockchain-based payment coordination protocol allows banks and payment service providers to use USDC on public blockchains for real-time settlements. The Circle Payments Network supports functions such as B2B supplier payments, cross-border remittances, fund management, corporate recurring payments, and payroll/batch payments. Initial mainnet participants include Alfred, Tazapay, ConduitPay, and RedotPay, which will open stablecoin payment channels in Latin America and Asia. Circle plans to expand its operations to regions including Nigeria, the EU, the UK, Colombia, India, the UAE, China, Turkey, the Philippines, Vietnam, and Argentina by 2025.

Worldcoin Raises $135 Million from a16z and Bain Capital Crypto

According to official news, World Assets, a subsidiary of World Foundation associated with the Worldcoin project, raised $135 million by selling WLD tokens at market price to Andreessen Horowitz and Bain Capital Crypto. The funds will support the expansion of the World network in the U.S. and globally. Previously disclosed investors also include Selini Capital, Mirana Ventures, and Arctic Digital.

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