PANews reported on July 3 that C2 Blockchain, a US-listed company, announced that it had signed a letter of intent (LOI) with ART Digital Holdings Corp., planning to acquire a 20% stake in the McAllen project for $1 million. The project supports high-density computing applications such as blockchain mining and AI computing, has a 10 megawatt computing capacity and can be expanded to 30 megawatts. The transaction is expected to complete the signing of the final agreement within 30 working days.
In addition, C2 Blockchain announced that it had increased its holdings of 2.286 million DOG tokens, bringing its total holdings to 5.912 million, further advancing its publicly traded "treasury-backed" meme coin reserve plan.


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
