The Federal Reserve accepts $2.175 billion in fixed rate reverse repo operations

Paul Atkins, Chairman of the US Securities and Exchange Commission, stated that the SEC is pushing for on chain modernization of financial market rules. （Watcher.Guru）

The Russian central bank announced plans to legalize Bitcoin and cryptocurrencies as early as September for international trade to bypass Western sanctions. （The Bitcoin Historian）

Markus Thielen from 10x Research stated that the outflow of ETF funds, macro resistance, and lack of catalyst are driving down BTC prices, and believes that there is a risk for BTC prices to fall below the range of $50000 to $46000 to $47000. Markus Thielen holds a bearish view on Bitcoin and Ethereum, and points out that HYPE is overvalued at $72 and is unlikely to reach $100. In addition, the outflow of $4.5 billion in ETF funds and Saylor's Bitcoin sales have had an impact on the market. （CoinDesk）

According to Bloomberg, the US Senate is expected to release the final text of the Bitcoin Clarity Act within a few days, which will be released over the weekend of July 4th. （The Bitcoin Historian）

The Federal Reserve accepted a total of $2.175 billion in funds from four counterparties in its fixed rate reverse repurchase operation.