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Altcoin generally rebounded, with
BAKE
up about 25% in 24 hours
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BAKE
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+9.79%
557
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Morgan Asset Management: It is expected that the Bank of Japan will avoid raising interest rates again in the short term. On August 9, Morgan Asset Management said the Bank of Japan is likely to avoid further rate hikes in the near term, and further tightening of policy may depend on the direction of the U.S. economy. "The Bank of Japan actually has a path to act again, but that is a path where the Federal Reserve cuts rates and manages to stabilize the U.S. economy," said Seamus Mac Gorain, the company's global head of rates. "Of course, if the U.S. falls into recession, that path is blocked." Mac Gorain believes further tightening of monetary policy may not happen until 2025. He said in an interview that the Bank of Japan may carry out a series of rate hikes, but that will depend on a fairly benign global backdrop. "It's clear that the Bank of Japan won't take action until the markets stabilize," Mac Gorain said. "This will also depend on whether the U.S. and the global economy can avoid a recession." $BTC $ETH $BNB
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The past 24 hours saw a total network liquidation of $239 million, primarily driven by short positions. According to Coinglass data, in the past 24 hours, the entire network had a total of $239 million in liquidations, of which $61.41 million were long positions and $178 million were short positions. $BTC $ETH $BNB
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The past 4 hours saw a total network liquidation of $33.5 million, primarily from short positions. Odaily data shows that in the past 4 hours, the entire network has experienced a liquidation of $30.34 million, of which $3.16 million was from long positions and $30.34 million was from short positions. $BTC $ETH $BNB
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Celestia to get Lemongrass and Mocha Testnet upgrades soon According to official information, Celestia will activate Lemongrass on the Arabica Devnet in August. Thereafter, the Mocha Testnet will also be upgraded in August, and the Celestia mainnet beta version is planned to be released in the early to mid-September with the Lemongrass version. The main changes in this upgrade include: -CIP-6 implements a minimum gas price to reduce network spam transactions; -CIP-9 introduces a data packet forwarding middleware to improve IBC cross-chain transfer efficiency; -CIP-10 establishes a new network upgrade signaling mechanism to simplify and accelerate future upgrades; -CIP-14 introduces cross-chain account functionality to enhance interoperability with the Cosmos ecosystem; -CIP-20 deprecates the Blobstream module to simplify the network architecture and improve performance. $BTC $ETH $BNB
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Santiment: Whale wallets holding 100-1 million XRP currently own a total of 7.06 billion XRP. Odaily reports that according to Santiment data, wallets holding between 1 million and 10 million XRP now hold a total of 706 million XRP, worth approximately $44.2 million, a new all-time high. Previously, it was reported that a U.S. judge has ruled that the exchange's XRP trading did not violate securities law. (Cryptopotato) $BTC $ETH $BNB
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