7.12 Morning Report
1. The U.S. House of Representatives failed to overturn Biden's veto of SAB 121
2. People familiar with the matter: The U.S. SEC allows certain companies to be exempted from the cryptocurrency accounting policy SAB 121
3. The SEC abandoned its investigation into PAXOS and determined that BUSD is not a security
4. The German government address has sold a total of $376 million in Bitcoin in the past 16 hours
5. Ethereum spot ETF issuers are waiting for key instructions from the SEC
6. CME Fed Watch: The probability of a 25 basis point rate cut in September has risen to 83%
7. Coinbase: Cryptocurrency voters may become a key force in the U.S. election
8. The U.S. June unadjusted core CPI annual rate was 3.3%, expected to be 3.40%, and the previous value was 3.40%
9. JPMorgan Chase: The crypto market is expected to rebound in August
10. CryptoQuant CEO: Justin Sun once opened a long position in Bitcoin at $67,000, with a position of $420 million
