Hot News
1. The US SEC abandoned its investigation into PAXOS and determined that BUSD is not a security. (Fortune Securities)
2. The US CPI in June cooled down significantly, recording a negative value for the first time since May 2020. (Jinshi)
3. Coinbase International will launch perpetual futures trading for CRV, ENS and people at or after 17:30 on July 18, 2024, Beijing time. (PANews)
4. Coinbase launches a "one-stop" encryption application that supports connecting multiple wallets. (The Block)
5. The founder of Hamster Kombat said that there will be a second season version and a second airdrop in the next two years. (TheBlock)
6. Artificial intelligence startup Fireworks AI completed a $52 million financing, led by Sequoia Capital and participated by Nvidia and others. (Bloomberg)
7. The U.S. House of Representatives failed to overturn Biden's veto of SAB 121-related resolutions. Subsequent reports: The U.S. SEC allows certain companies that meet specific procedural and technical conditions to circumvent the controversial cryptocurrency accounting guidance SAB 121.
(CoinDesk, The Block)
8. CME and CF Benchmarks will launch two new cryptocurrency reference rates and real-time indices. (PRNewswire)
9. MicroStrategy announced a 1-for-10 stock split. (Foresight News)
The U.S. SEC's abandonment of the investigation is good news for the crypto market and can encourage more companies to enter the stablecoin market.
Coinbase's new application is expanding its service scope, integrating various crypto asset management functions to enhance user experience and further consolidate its leadership in the cryptocurrency market.
Fireworks AI's large investment and the favor of top capital mean the importance of the AI track and its promising prospects. The failure to overturn SAB121 shows that cryptocurrency accounting policies are still highly controversial, but on the other hand, the SEC's move also shows that regulators are working hard to work with industry participants to find a balance.
Focus
OM: Aims to be the first RWA L1 blockchain that can comply with and enforce real-world regulatory requirements. From a technical structure perspective, the overall trend has been extremely strong recently, hitting a record high yesterday, with a peak of $1.173, a 24-hour increase of 9.7%. It is recommended to focus on the performance in the future, but be aware of possible callback risks.
SEND: Solana Blink-related NFT Mint platform, SEND, received the attention of Solana co-founder Toly after its launch, and then the market popularity of the Send it series of NFTs on the platform quickly broke out.
