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On July 1, Fed Chair Waller stated that there will be intense internal debate at the July FOMC meeting.

```htmlJinse Finance reports that, according to The Information, Musk is advancing a semiconductor manufacturing project within Tesla called "Terafab." The project is reportedly valued at $55 billion and is described as a cross-company collaboration between Tesla and SpaceX. As this project moves forward, expectations are rising externally that Musk might propose a merger between Tesla and SpaceX. The report notes that, from an organizational structure perspective, the two companies are already demonstrating tighter coordination in several key technology areas. It is said that several executives, including Charlie Kuehmann, are simultaneously holding important roles at both companies, especially in core technology fields such as materials engineering, establishing cross-company management and collaboration mechanisms. Analysts believe that the Terafab project, along with the integration of personnel and resources across companies, is seen as part of Musk’s efforts to promote a "unified technology stack and manufacturing system," bringing Tesla and SpaceX closer to an "almost integrated operational structure" in certain critical areas.```

Foresight News reports that the Ethereum nonprofit organization Ethereum Institutional has been established, positioned as an "institutional-level unified gateway" for the Ethereum ecosystem. It focuses on connecting major global financial institutions with the Ethereum network, promoting institutional adoption of on-chain financial infrastructure.Ethereum Institutional states that its core goal is to assist global financial institutions during the critical window of accelerating the deployment of tokenized assets, stablecoins, and on-chain market infrastructure, enabling these institutions to connect with the Ethereum ecosystem throughout the process from evaluation and testing to large-scale deployment.