According to Odaily Planet Daily, New Hampshire Governor Kelly Ayotte recently signed HB 639, the Blockchain Basic Laws, which provides legal protection for digital asset users, developers, miners, validators, and businesses, and safeguards the rights to use and self-custody digital assets. The bill also authorizes the establishment of a dedicated case file for blockchain-related disputes. A 2025 New Hampshire law allows the state treasurer to allocate up to 5% of certain public funds to precious metals and eligible digital assets; currently, only Bitcoin meets the market capitalization threshold. Texas Governor Greg Abbott signed SB 21 in June 2025, establishing the Texas Strategic Bitcoin Reserve. State legislators allocated $10 million, and Texas subsequently made an initial investment of approximately $5 million through a spot Bitcoin ETF. Wyoming's 2025 proposal to allow up to 3% of state funds to be allocated to Bitcoin did not pass, but the state continues to advance its professional banking framework and Frontier Stable Token. FRNT will be publicly available in January 2026 and is described as the first stablecoin issued by a U.S. state.

In the past hour, total liquidations across the network reached $12.37 million, with $1.75 million from long positions, with $10.62 million from short positions. BTC liquidation $2.99 million, ETH liquidation $3.06 million.

According to Odaily Planet Daily, OKX market data shows that BTC has broken through 64,000 USDT and is currently trading at 64,008.9 USDT, with the 24-hour decline narrowing to 0.46%.

Odaily Planet Daily reports that Venice, an AI infrastructure project, announced an update to its VVV and DIEM token economics, introducing a new programmatic buyback and burn mechanism and gradually increasing the DIEM supply target from 38,000 to 40,000. Venice stated that VVV is its core ecosystem asset, an ERC-20 token issued on the Base chain. Users who purchase and stake VVV can earn rewards, unlock Venice Pro benefits, and use these rewards to mint DIEM. Previously, a portion of the platform's revenue was used to buy back and burn VVV in the market. This update first expands the sources of VVV burning. Previously, Venice had implemented an automated VVV buyback and burn mechanism through Pro, Pro+, and Max subscription revenue. Now, this mechanism will cover API credit purchases: for every $100 of Venice API credit purchased, $5 will be used to buy and burn VVV. This process will be executed automatically, and as API usage increases, more VVV will be removed from circulation. Venice stated that the new API burning mechanism will be tracked separately on the official burning page, displayed distinctly from the burning records generated from subscription revenue. Simultaneously, Venice will adjust the DIEM supply target. DIEM is the second-generation token in the Venice ecosystem, used to provide access to AI models, with each DIEM corresponding to $1 of Venice AI Credit per day. DIEM can only be minted by staking and locking VVV, and users can use or sell these AI credits. Previously, the DIEM supply target was fixed at 38,000. Starting August 3rd, this target will gradually increase to 40,000, adding up to 2,000 DIEM to the market for minting. Since each new DIEM requires locking more staked VVV, the daily AI API credit supply will also increase accordingly. Venice stated that as the DIEM supply approaches the target, the mint rate will gradually increase; this increase in the supply target will provide users with more minting space while maintaining the ecosystem's supply and demand mechanism. This adjustment shows that Venice is strengthening its token economy closed loop through the path of "increased demand for AI services → increased API revenue → continuous burning of VVV → capture of ecosystem value".