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Tether minted 1 billion authorized but unissued USDT on the TRON network in the early morning PANews reported on July 16 that according to Whale Alert monitoring, at 04:26:42 Beijing time, Tether Treasury minted 1 billion USDT on the Tron network. Tether CEO Paolo Ardoino said that the 1 billion USDT was a supplement to Tron's inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and cross-chain exchange inventory. $PEPE $NOT $PEOPLE
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The Federal Reserve continues to increase its bets on rate cuts this year (Jinshi Data APP) On July 16, according to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in August is 94.3%, and the probability of a 25 basis point rate cut is 5.7%. The probability of the Fed keeping interest rates unchanged by September is 0.0%, the probability of a cumulative 25 basis point rate cut is 88.7%, the probability of a cumulative 50 basis point rate cut is 11.0%, and the probability of a cumulative 75 basis point rate cut is 0.3%. (Jinshi) $PEPE $NOT $PEOPLE
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Tether issues 1 billion USDT on TRON network (authorized but not yet issued) On July 16, according to Whale Alert, Tether issued an additional 1 billion USDT on the Tron network at 4:26 this morning. In response, Tether CEO Paolo Ardoino said that the 1 billion USDT was a supplement to the Tron network inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and cross-chain exchange inventory. $PEPE $NOT $PEOPLE
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Powell: Neutral interest rate may have risen, will stay in office until May 2026 Odaily Odaily News: Federal Reserve Chairman Powell said that the policy seems restrictive, but not extremely restrictive; the neutral interest rate may have risen; when the Fed is confident about inflation, it is time to act. Powell said that he will stay in office until May 2026; he is very happy to serve as the chairman of the Federal Reserve. $PEPE $NOT $PEOPLE
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Fed mouthpiece: Powell's speech did not change the expectation of "no change" in August On July 16, Nick Timiraos, the "Federal Reserve mouthpiece," wrote in his latest article that Fed Chairman Powell said that the recent slowdown in inflation and economic activity was largely in line with the Fed's expectations, but he still refused to say whether this was a reason for the Fed to cut interest rates at its policy meeting later this month. Last week's inflation report showed a general improvement in the economy, prompting some private analysts to wonder whether the Fed would need to wait until September to cut interest rates. It should be noted that the Fed, led by Powell, usually avoids surprising the market with short-term policy decisions, so from this perspective, Powell's words today did not change the expectation that the Fed will keep interest rates stable at the August meeting. $PEPE $NOT $PEOPLE
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