1. The U.S. announced that the unadjusted core CPI annual rate in June was 3.3%, which was lower than expected.
The U.S. core CPI monthly rate in June was 0.1%, expected to be 0.20%, and the previous value was 0.20%. The U.S. unadjusted CPI annual rate in June was 3%, expected to be 3.10%, and the previous value was 3.30%.
QCP Capital said in a statement that the CPI release on Thursday night attracted market attention, and the probability of a rate cut in September is expected to be 70%. Despite the continued rise in the stock market, the crypto market has not yet reflected this optimism. BTC volatility increased by 5 percentage points in the early trading, and risk reversal favored upward volatility. ETH spot ETF trading is expected to start soon, and the softening CPI data may become a catalyst for a breakthrough.
In a speech to the Senate Banking Committee on Tuesday morning, Federal Reserve Chairman Powell said that rising inflation is not the only risk we face. The economy has made significant progress in reducing inflation and the job market looks as strong as before the epidemic, but it is not overheating. ; Regarding interest rate cuts, we will make decisions on a meeting-by-meeting basis; now that inflation has resumed decline and the labor market is showing signs of cooling, the central bank is paying more attention to when to cut interest rates; recent inflation data show further slight progress, and more good data will Strengthening our confidence that inflation will continue to move towards 2%.
3. Trump will speak at the 2024 Bitcoin Conference
In addition, a Paradigm-funded poll showed that former US President Trump's recent support for cryptocurrencies may win him more support from Republican voters in the 2024 election. The poll, compiled by Echelon Insights, showed that 13% of Republicans who originally did not intend to vote for him had a more positive view of him because of his crypto stance. Most respondents (60%) believe that Congress should formulate regulatory rules for crypto businesses, and Republicans are generally dissatisfied with the current financial system. The poll also showed that 28% of respondents had been involved in cryptocurrency investment, and this proportion was higher among young, male and non-white groups. In addition, 94% of respondents believe that personal financial records should be kept private.
The Republican National Committee of the United States has expressed support for a number of pro-cryptocurrency policy measures in its official party platform for the 2024 US election. According to the official document released by the campaign team of Republican presidential candidate Trump on Monday, the Republican Party platform vows to end the "illegal and un-American crackdown" on the US crypto industry. In addition to opposing the creation of CBDCs, the platform also promises to "defend the right to mine Bitcoin" and allow cryptocurrency holders to keep their tokens themselves. "We will defend the right to trade without government supervision and control," the document reads.
The German government’s 49,800 BTC took 24 days to clear. They started selling on June 19, totaling 49,858.7 BTC, with an average transfer price of about $58,480, and recovered funds of about $2.915 billion.
Public documents show that on Wednesday, Invesco Galaxy and BlackRock submitted new 8-A12B application documents to the US SEC for their Ethereum spot ETFs. On Thursday, asset management giant Franklin submitted an 8-A12B application document for its Ethereum Trust to the US SEC. The submission of the 8-A form document means that the issuer can trade on the exchange once the product is approved.
7. Cboe Files Form 19b-4 for VanEck and 21Shares Solana ETFs with SEC
8. Goldman Sachs plans to launch three tokenization projects by the end of this year
9. TRM Labs: Hackers stole $1.38 billion in cryptocurrency in the first half of 2024
10. Vitalik: Ethereum needs to be prepared for a 51% attack
Key financing events
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