PANews reported on June 26 that according to Yu Jin, after Boba Network announced that the token entered full circulation, the FTX/Alameda address liquidated 146 million $BOBA (about 12.22 million US dollars) held on the chain in the last 22 hours, and all of them were transferred to Coinbase Prime . This batch of tokens accounts for 29% of the total BOBA , and the current daily trading volume of BOBA in the secondary market is only a few million US dollars. Industry insiders believe that if this part of the tokens is to flow out, it may be completed through inter-institutional OTC methods.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

