The Chinese yuan continues to fall against the US dollar, re | CrypticNews Hub on Binance Square

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The Chinese yuan continues to fall against the US dollar, reaching its lowest level since November.

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Interestingly, the Coinbase Premium Index has been rising for a day now, and although it was in negative territory yesterday, it is even neutral this morning. I should remind you that it had been in negative territory for about two weeks. The "Coinbase Premium Index" measures the price difference for Bitcoin on Coinbase, which is widely used by U.S. users and many institutional market participants, compared to the offshore exchange Binance, the leading exchange by trading volume and popular among retail users.

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Morning news from CrypticNews Hub 1. The Blast community plans to launch a new proposal for the weekly distribution of commission income among BLAST token holders; 2. Justin Sun: Ready to negotiate with the German government to buy all of its $BTC for cash; 3. The Block Pro: Low BLAST indicators may indicate that the market's interest in airdrops has begun to wane; 4. The Solana Foundation will allocate $400,000 to fund projects built on Action and Blinks; 5. The Chairman of the U.S. CFTC will participate in Senate hearings on digital commodity regulation next week as the sole witness; 6. Arbitrum RWA Development Plan nominates six projects and plans to allocate 35 million ARB to them; 7. Wintermute founder: The market will recover in August and September; 8. Ethena Labs releases June asset custody report: USDe supply volume is $3.605 billion; 9. Doubler Lite mainnet will be launched on July 5, with 500,000 DBR airdrops to be distributed; 10. Telegram CEO: Hamster Kombat will be on TON, with token issuance on the blockchain; 11. Former Deputy Attorney General of the Obama Administration: U.S. regulators are trying to force the crypto industry to "debunk"; 12. Vitalik: Creating multiple MEV bidders could lead to spam issues on the network and cause more negative external effects; 13. Mt.Gox transferred over 47,000 #BTC worth about $2.71 billion to a new address; 14. German lawmakers urged the government to stop selling #Bitcoin , stating that this move could impact the stability of the cryptocurrency market; 15. MakerDAO's Q2 revenue reached a record high of around $85 million; 16. Jupiter: A new trading method on the Solana network will be launched next week; 17. ZKSync denied the existence of "internal casting" of NFTs, although some casters were involved in the corresponding activity.

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Futures on U.S. stocks remained stable on Friday as investors returned from a one-day holiday, now shifting their focus to the important monthly employment report. The non-farm payroll report is expected to show further signs of a cooling labor market in the U.S., supporting the case for the Federal Reserve to soon start lowering interest rates. On Wednesday, the S&P 500 and Nasdaq Composite rose by 0.51% and 0.88% respectively, with both indices closing at new record highs. Meanwhile, the Dow fell by 0.06%. These moves were driven by an unexpected contraction in U.S. service sector activity, and disappointing private sector employment data strengthened dovish bets on the Fed's monetary policy. Tesla led the market rally, surging by 6.5%, bringing its weekly gain to around 32% amid improved deliveries. AI-related chipmakers also outperformed, including Nvidia (4.6%), Broadcom (4.3%), Super Micro Computer (1.2%), Taiwan Semiconductor (3.9%), and Micron Technology (3.2%).

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Of the dollar stablecoins, only $USDC meets MiCA requirements. Interestingly, two euro stablecoins, $EURC and $EUROe, are fully compliant, while $EURe and $EURD are partially compliant. Will more $USD stablecoins become fully compliant with the requirements in Europe?

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This chart illustrates the percentage of holders in profit among various meme coins. Despite the overall market downturn, many meme coins still have a significant portion of their holders in profit.

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