● Biden announces withdrawal from 2024 presidential race
According to TechFlow, on July 22, US President Biden issued an open letter announcing that he would not seek re-election. Biden said that although he originally intended to seek re-election, in the best interests of the party and the country, he would step down and focus on fulfilling his presidential duties for the rest of his term.
Biden also said he would give a speech later this week outlining the decision.
According to Foresight News, the crypto policy organization CEDAR said Biden's withdrawal from the election provides a new opportunity for senior Democratic Party officials to embrace blockchain technology.
CEDAR noted that while Secretary Gary Gensler and Senator Elizabeth Warren may have misled White House policy in the past, now is the time for a new vision for American innovation.
This new vision can preserve America’s innovative jobs, ensure the global competitiveness of digital assets, and herald a new era of financial inclusion and prosperity.
● Musk changed his profile picture to a "laser eye" image to symbolize his support for Bitcoin
According to BlockBeats, on July 22, Elon Musk changed his X platform avatar to the iconic "laser eye" image of Bitcoin supporters.
● Musk's private plane landed in Tennessee, possibly to attend Bitcoin 2024 Conference
According to BlockBeats, on July 22, FOX Business reporter Eleanor Terrett posted on social media that Musk’s private jet landed in Tennessee.
The market speculates that Musk will participate in the Bitcoin 2024 conference, and there are rumors that Musk will give a speech at the conference or have a dialogue with Trump.
The 2024 Bitcoin Conference will be held in Nashville, Tennessee, USA from July 25th to 27th. Trump will attend the conference and deliver a speech on the 27th.
● Macro indicators and analysis: This week's focus is on US PCE and GDP
According to WuShuo, the ECB kept interest rates unchanged last week, and Powell said he would not wait until inflation fell to 2% before starting to cut interest rates. The market is still betting on a rate cut in September. This week, the focus will be on the US June core PCE price index and second quarter GDP.
Key events and indicators this week: July 24: July PMIs of the UK, Germany, France, Europe and other countries, and the central bank interest rate decision of Canada until July 24. July 25: Initial jobless claims in the United States for the week ending July 20, the initial value of the annualized quarterly rate of real GDP in the second quarter of the United States, and the initial value of the annualized quarterly rate of the core PCE price index in the second quarter of the United States. July 26: The annual rate of the core PCE price index in the United States in June, and the final value of the University of Michigan Consumer Confidence Index in the United States in July.
According to PANews, Token Unlocks data shows that this week, ALT, ID, GAL, ENA and other tokens are expected to usher in large-scale unlocking, among which: SPACE ID (ID) will unlock about 18.49 million tokens at 8 am on July 22 (the following times are all in the Eastern Time Zone 8), accounting for 4.29% of the current circulation and worth about 9 million US dollars; Galxe (GAL) will unlock about 586,000 tokens at 8 am on July 24, accounting for 0.49% of the current circulation and worth about 2.3 million US dollars; Acala (ACA) will unlock about 4.66 million tokens at 8 am on July 25, accounting for 0.46% of the current circulation and worth about 340,000 US dollars; AltLayer (ALT) will unlock about 684 million tokens at 6 pm on July 25, accounting for 42.08% of the current circulation and worth about 114 million US dollars; Yield Guild Games (YGG) will unlock approximately 14.08 million tokens at 10 pm on July 27, accounting for 3.74% of the current circulation and worth approximately US$7.6 million; SingularityNET (AGIX) will unlock approximately 8.45 million tokens at 8 am on July 28, accounting for 1.32% of the current circulation and worth approximately US$5.3 million; Ethena (ENA) will unlock approximately 14.89 million tokens at 3 pm on July 28, accounting for 0.87% of the current circulation and worth approximately US$7.3 million; Forta (FORT) will unlock approximately 50,000 tokens at 8 am on July 28, accounting for 0.01% of the current circulation and worth approximately US$8,400.
According to Odaily Planet Daily, the president of ETF Store said that the approval of the spot Ethereum ETF means that Ethereum is considered a commodity, not a security. Five Ethereum spot ETFs will be launched on the Chicago Board Options Exchange (Cboe) on July 23, which is expected to boost investor interest and prices.
