The open interest of Ethereum contracts across the network r | Kun Lee on Binance Square

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The open interest of Ethereum contracts across the network reached $14.905 billion
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Or affected by the expectation of economic recession, the US stock market has evaporated $2.9 trillion in market value. According to Radar's post on the X platform, due to concerns about the global economic recession, the US stock market lost $2.9 trillion in market capitalization today, setting the largest decline since the COVID-19 pandemic crash in 2020. $BTC $ETH $BNB

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The response from Goolsbee to the non-farm payroll data: When the situation requires a rate cut, it is often not done in a single cut. Chicago Fed President Goolsbee emphasized that the Federal Reserve will not overreact to any economic report, and policymakers will have access to a large amount of data before the Fed's next meeting. Goolsbee spoke after the release of a weaker-than-expected non-farm payroll report, saying the Fed's job is to understand the "continuity" of the data and act in a "stable" manner. However, he pointed out that if restrictive interest rates are maintained for too long, policymakers must consider the task of employment. "If the unemployment rate rises above the neutral rate, this is precisely the other risk that the law requires the Federal Reserve to consider and address." Goolsbee also said that the economic situation will determine the timing and scale of rate cuts. "When the situation calls for a rate cut, it is often not just one cut." $BTC $ETH $BNB

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dYdX Chain's trading volume has surpassed $200 billion. According to official information, the cumulative trading volume of the dYdX Chain has exceeded $200 billion as of August 3rd. dYdX stated that to celebrate this milestone, they will launch a community event with a reward of $BTC $BTC $ETH $bnb

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U.S. stocks fell across the board, with Intel seeing the highest daily decline of 29%. On August 3rd, according to market information, US tech stocks experienced a broad decline. The S&P 500 index fell more than 2%, the consumer discretionary sector dropped 5.49%, the technology sector declined 2.87%, and the industrials and communication services sectors fell at least 2.2%. The Nasdaq 100 index expanded its decline to 3%, with component stocks Intel falling over 28.7%, Atlassian dropping more than 14.5%, Amazon declining over 12%, Microchip Technology falling 9%, and Arm decreasing around 8.8%. The Philadelphia Semiconductor Index fell more than 6%, the Nvidia double long ETF declined over 14.3%, Advanced Micro Devices dropped more than 12.4%, and ASM International ADR fell around 11.1%. (Wall Street Journal) $BTC $ETH $BNB

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A whale was just liquidated for $5.06 million worth of ETH. PANews, August 2 news, according to Lookonchain monitoring, a certain whale has just been liquidated for $5.06 million worth of ETH. The address still has $13.9 million in debt on Compound, and the health rate is as low as 1.07. $BTC $ETH $BNB

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