[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202507041518407778184958.webp) - 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 Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis. **Disclaimer** Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions. Gate Team July 4th, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves

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