1. Sony Group has acquired Amber Japan
Sony Group, one of Japan's largest companies, has acquired Amber Japan for billions of yen. Singaporean market maker Amber Group acquired Japan's regulated cryptocurrency trading platform DeCurret in early 2022 and changed its name to Amber Japan. Later, due to the collapse of FTX, Amber Group fell into trouble and was suspected of a complete debt-for-equity transaction with Distributed. Amber Group investors include Temasek, Sequoia China, Pantera, Tiger, Coinbase, etc. Yijin Li has resigned as the representative of Amber Japan, and Jun Watanabe, as the chairman of Sony Network Communications Inc., serves as the representative of the company after the acquisition.
2. QCP Capital: Various signs indicate a strong bullish outlook in July
BTC rebounded from the $60,000 area to $63,700 at the beginning of the second half of the year, briefly falling below the $60,000 support level last week. BTC spot ETFs saw net inflows of $73 million last Friday, the highest single-day inflow in two weeks. Based on seasonal data, BTC had a median return of 9.6% in July, especially after a strong rebound after a negative return in June (-9.85%). QCP Capital's options trading desk also observed flows of funds last Friday in preparation for a month-end rally, possibly in anticipation of the launch of the ETH spot ETF. All signs point to July being a bullish month.
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3. Vitalik publishes a paper discussing ways to provide Ethereum users with faster transaction confirmation times
Ethereum co-founder Vitalik Buterin published an article titled "A Deep Look into the Slot-and-epoch Architecture to Provide Ethereum Users with Faster Transaction Confirmation Times". In the article, Buterin introduced the practical options that Ethereum has explored to speed up transaction confirmation, with a focus on single-slot finality in existing technologies. Currently, Ethereum's Gasper consensus mechanism uses a slot-and-epoch architecture, but this mechanism is complex and the finality confirmation time is too long (12.8 minutes). SSF uses a mechanism similar to Tendermint to terminate the block before the next block is generated, while retaining the "inactive leakage" mechanism to ensure the stable operation and recovery capabilities of the chain.
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4. Binance adds watch tags for BAL, CTXC and other tokens
The tokens added to the watch list are as follows: Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarte (POLS), Status (SNT), Sun (SUN). The tokens removed from the watch list are as follows: Enzyme (MLN), Horizon (ZEN). Binance stated that the watch list tokens may have higher volatility and risk than other listed tokens. These tokens no longer meet the standards for listing on the Binance platform and may be delisted.
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5. German Government address transferred 400 BTC to Bitstamp, Coinbase and Kraken today
The German Government transferred a total of 400 BTC worth approximately $25.28 million to Bitstamp, Coinbase, and Kraken at 16:25 UTC+8. Since the previous two weeks, the German Government has transferred a total of more than 2,700 BTC to CEXs.
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6. Wu said this week's macroeconomic indicators and analysis: US non-farm data, Federal Reserve and European Central Bank meeting minutes
Summary
Last week, the annual rate of core PCE in May was 2.6%, in line with expectations. This week, we will focus on the US non-farm data, Powell's speech, and the minutes of the Federal Reserve and the European Central Bank meetings.
Last week review
●The Bank of Japan released a summary of the opinions of the review committee members of the June monetary policy meeting: Some central bank members called for a timely interest rate hike because they believed that there was a risk of inflation exceeding expectations.
●Federal Reserve stress test: Big banks “passed” but are more vulnerable than last year.
●The number of first-time applications for unemployment benefits in the United States in the week ended June 22 was 233,000, slightly lower than the expected 235,000 and a slight decrease from the previous value of 238,000.
●The final value of the annualized quarterly rate of real GDP in the first quarter of the United States was 1.4%, higher than the previously announced revised value of 1.3%, but lower than 3.4% in the fourth quarter of 2023.
The final annualized quarterly rate of the core PCE price index in the first quarter of the United States was 3.7%, higher than the previously announced 3.6%.
●The U.S. core PCE price index was 2.6% year-on-year in May, lower than the previous value of 2.8%, in line with expectations. This was the smallest increase since March 2021.
●The final value of the University of Michigan Consumer Confidence Index in June was 68.2, expected to be 65.8, and the previous value was 65.6.
This week's key events & indicators
July 01
●Manufacturing PMI of many countries including China, the United States, Britain, Germany, France, etc.
July 02
●Fed Chairman Powell, ECB President Lagarde and Brazilian Central Bank President Neto spoke at the Central Bank Forum held by the ECB (21:30)
July 03
●US ADP employment in June (10,000 people) (20:15)
●Initial jobless claims in the U.S. for the week ending June 29 (10,000 people) (20:30)
● Service industry PMI of many countries including China, the United States, Britain, Germany, France, etc.
July 04
●The Federal Reserve releases the minutes of its monetary policy meeting (02:00)
●The European Central Bank releases the minutes of its June monetary policy meeting (19:30)
July 05
●US June seasonally adjusted non-farm payrolls (10,000 people) (20:30)
●U.S. unemployment rate in June (20:30)
