[Bitu Daily News Selection] The U.S. Senate has passed the stablecoin "GENIUS Act," with the focus shifting to the House of Representatives; JPMorgan Chase will trial the dollar deposit Token JPMD on Coinbase's Base Blockchain; a16z partner: an additional investment of $70 million has been made for the EIGEN Token, with a lock-up period.

Daily selected Web3 news by the Bit推 editor:

[US Senate passes stablecoin "GENIUS Act", focus shifts to House of Representatives]

According to reports, the U.S. Senate passed the landmark GENIUS Act on Tuesday, advancing the federal government's regulatory efforts on stablecoins and putting pressure on the House of Representatives to plan the next phase of the national regulatory efforts for digital assets.

This marks the first time the Senate has passed significant cryptocurrency legislation. The sponsor of the GENIUS Act, Republican Senator Bill Hagerty, thanked some of his Senate colleagues for their support before the official vote. Less than a week ago, lawmakers passed the bill by an overwhelming majority, with many expecting it to be approved.

Next, the House of Representatives needs to decide how to proceed. In April of this year, the House Financial Services Committee proposed its own stablecoin legislation - the "Stablecoin Transparency and Accountability to Promote Better Ledger Economy Act." However, this bill has not yet been submitted for a full vote in the House.

[JPMD: JPMorgan Chase to Trial Dollar Deposit Token on Coinbase's Base Blockchain]

According to Bitpush News and Bloomberg reports, JPMorgan Chase will launch a token pilot project called JPMD, which will introduce a dollar deposit token JPMD for institutional clients on Coinbase's Base platform. This will be the first of its kind on a public blockchain, supporting fast, secure, and 24/7 fund flows between trusted parties. It marks a further deepening of financial institutions in the field of digital assets.

Naveen Mallela, Co-Global Head of Kinexys, the blockchain division of JPMorgan, stated in an interview that in a few days, JPMorgan is expected to transfer a certain amount of JPMD from its digital wallet to the largest cryptocurrency exchange in the U.S., Coinbase Global Inc.

[a16z Partner: An additional investment of $70 million has been made for the EIGEN token, with a lock-up period]

According to BitPush news, a16z General Partner Ali Yahya posted on X stating: "I am pleased to announce that we have invested an additional $70 million in the EigenLayer token EIGEN, with a lock-up period. Over the past few years, the EigenLayer team has pioneered a new paradigm for building verifiable and trust-minimized applications."

[GMGN and some crypto KOL's X accounts have now been unblocked]

According to BitPush news, market news indicates that the GMGN platform, which was previously banned, along with the X accounts of some crypto KOLs, has now been unbanned.

[SEC delays approval of Franklin XRP and Solana spot ETF]

According to Bitpush news, market news reports that the U.S. Securities and Exchange Commission (SEC) has delayed the approval of the Franklin XRP spot ETF and the Solana spot ETF.

【Ink announces the launch of its native token INK, airdropping to early participants of the liquidity protocol】

According to Bitu News, the Layer 2 network Ink announced the launch of its native ecosystem token INK, with a total supply permanently capped at 1 billion tokens, and no further minting will occur through governance in the future. The governance of this chain remains under the Optimism superchain, and the INK token is applicable to users and the application layer, with the airdrop of the INK token aimed at early participants of liquidity protocols.