The following are five noteworthy news in the currency circle in the past 24 hours:

1. Justin Sun, the founder of TRON, once again purchased Ethereum worth US$5 million. Since February, he has purchased a total of approximately US$1.11 billion, showing his strategic strengthening in the Ethereum market.

2. The German government transferred 5,103 Bitcoins (approximately US$300 million) to multiple exchanges. A total of 31,140 Bitcoins have been transferred since June 19 and currently holds 18,860 Bitcoins, worth approximately US$1.1 billion.

3. CFTC Chairman Rustin Beinen reiterated the position of Bitcoin and Ethereum as commodities at the Senate hearing, and stated that stablecoins are also considered commodities, emphasizing that the CFTC will not allow Ethereum futures products to be listed.

4. Due to the surge in demand for GPUs, cryptocurrency miners are transforming data centers to support the AI ​​industry. Companies such as Hut 8 and Bitdeer have begun to provide high-performance computing services and sign contracts with AI companies. Core Scientific has reached a 12-year cooperation agreement with CoreWeave and is expected to generate approximately US$3.5 billion in revenue.

5. Inferno Drainer, a well-known cryptocurrency wallet fraud tool, failed to use Railgun to launder Ethereum money and has stolen assets worth nearly US$6 million. The team announced it was ceasing operations, but its tools and infrastructure will remain active and warned users not to trust other scammers using its name.