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Fed's Kugler: If unemployment continues to rise, it would be appropriate for the Fed to cut interest rates early On July 17, Fed Governor Kugler said that the rebalancing of the job market means that inflation will fall to 2%. If the unemployment rate continues to rise, it would be appropriate for the Fed to cut interest rates in advance, and reiterated the position that "it would be appropriate to cut interest rates later in 2024." "The risks facing inflation and employment are now more balanced. Inflation has continued to decline, but it is still above the target. Data released by non-government departments provide another perspective for the overall economy." In addition, Kugler said that he is cautiously optimistic that US inflation will make progress toward 2%, and the Fed does not want the labor market to cool too much. (Jinshi) $PEPE $NOT $PEOPLE
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FIGHT on Ethereum breaks through $0.07, setting a new all-time high According to Odaily data, the "Trump assassination" concept coin FIGHT on the Ethereum chain briefly broke through $0.07 and is now at $0.07224, a record high, with a 24-hour increase of 588%. The current total market value of FIGHT is $71 million. $PEPE $NOT $PEOPLE
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Ava Protocol has launched mainnet on Ethereum PANews reported on July 17 that Ava Protocol (formerly OAK Network) has launched mainnet, Ava Protocol has completed a $10 million seed round of financing, with investors including Electric Capital, Taisu Ventures and Polygon founder Sandeep Nailwal. $PEPE $NOT $PEOPLE
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In the past 12 hours, the entire network has liquidated 131 million US dollars, mainly short orders On July 17, according to Coinglass data, the entire network had a liquidation of US$131 million in the past 12 hours, of which long positions were liquidated for US$76.6949 million and short positions were liquidated for US$54.0113 million. $PEPE $NOT $PEOPLE
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In the past hour, the entire network has liquidated more than 26 million US dollars, mainly short orders Odaily Odaily reported that according to Coinglass data, the entire network had a liquidation of 26.0711 million US dollars in the past hour, of which short positions were liquidated for 23.8965 million US dollars and long positions were liquidated for 2.1745 million US dollars. $PEPE $NOT $PEOPLE
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