PANews reported on July 2 that according to SoSoValue data, the crypto market sector has been falling for two consecutive days, and the AI sector fell 4.48% in 24 hours. Among them, Bittensor (TAO) and Worldcoin (WLD) fell 3.98% and 4.05% respectively, but KAITO was relatively strong, rising 1.11% against the trend. In addition, Bitcoin (BTC) fell 1.44% in 24 hours and continued to fall back to $105,000. Ethereum (ETH) fell 3.14%, once falling below $2,400.
In other sectors, the CeFi sector fell 2.03%, Hyperliquid (HYPE) fell 6.33%; the PayFi sector fell 2.70%, Telcoin (TEL) fell 7.49%, the Layer1 sector fell 3.05%, Solana (SOL) and Cardano (ADA) fell 4.15% and 4.73% respectively; the Layer2 sector fell 3.42%, Optimism (OP) fell 5.34%, the Meme sector fell 4.05%, Fartcoin (FARTCOIN) fell 11.66%, and SPX6900 (SPX) fell again by 10.45%; the DeFi sector fell 4.14%, and Uniswap (UNI) fell 8.16%.
The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiDeFi, ssiAI, and ssiMeme indices fell 4.79%, 4.25%, and 4.05%, respectively, in 24 hours.



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
