Gate Research: U.S. Senate Passes "One Big Beautiful Bill Act"｜Owlto Boosts USD1 Stablecoin Cross-Chain Infra

• Market Commentary: On July 4, BTC prices rebounded from around 105,000 USDT, forming a new consolidation range between 109,000–110,000 USDT; ETH is trading sideways in a tight high range between 2,560–2,600 USDT.
• Trending Tokens: PENGU, SUI, and BONK have all posted notable gains recently, driven by multiple catalysts including ETF expectations, developer ecosystem growth and new product launches, and leveraged ETF filings, which boosted market sentiment and capital inflows.
• Alpha Insights: The U.S. Senate Advances “One Big Beautiful Bill Act” Bill with Key Procedural Vote; Ondo Finance and Pantera Capital plan to launch a $250 million fund to support RWA projects; Owlto is advancing cross-chain infrastructure centered on the USD1 stablecoin.
• Gate Launchpool: Gate now offers subscription to Impossible Cloud Network (ICNT). Users can stake BTC, ETH, or ICNT to receive a free allocation of 420,000 ICNT airdrop before 12:00 on July 13, 2025 (UTC). Impossible Cloud Network (ICN) is an innovative full-stack decentralized cloud platform launched by European provider Impossible Cloud, integrating storage, computing, and networking services.

Discover more details today → Gate Research: U.S. Senate Passes

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Gate Team
July 4th, 2025

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