August 2 Overview of important developments in the cryptocurrency circle:

The number of non-farm payrolls in the United States increased by 114,000 in July, and the data was positive

The probability of the Federal Reserve cutting interest rates by 50 basis points in September has increased, and the market has begun to look forward to a 50BP cut in September

The value of BTC held by Tether has exceeded US$5 billion

Traders expect the probability of the Federal Reserve cutting interest rates by 50 basis points in September to be 90%

IntoTheBlock: Ethereum fees have reached a nine-month low

Block's Bitcoin revenue in the second fiscal quarter was US$2.61 billion

Coinbase's total revenue in the second quarter was US$1.45 billion, exceeding expectations

MicroStrategy's net loss in the second quarter was US$102.6 million, and its Bitcoin holdings rose to 226,500 coins

VanEck CEO: Bitcoin's market value will reach half of the total market value of gold

DuelNow, a prediction market built on Arbitrum, has completed US$11 million in financing

Fantom has been renamed Sonic Labs and will launch EVM chain Sonic in Q4