● Meme token DOGE prototype Shiba Inu KABOSU passed away
According to Foresight News, kabosumama announced that KABOSU, the Shiba Inu widely used as the symbol for the Meme coin DOGE, has passed away.
● Viewpoint: Ethereum ETF is likely to attract a large amount of institutional capital if it is approved for listing, with an expected increase of more than 60%
According to ChainCatcher, traders predict that if the Ethereum ETF is approved for listing, it is likely to be participated by a large amount of institutional capital. Some traders also said that they expect Ethereum to rise by more than 60% in the coming months. In the past week, the demand for Ethereum futures and spot purchases has increased significantly.
● Analysts predict that spot Ethereum ETF demand could reach 20% to 25% of spot Bitcoin ETF demand
According to ChainCatcher, Bloomberg ETF analyst James Seyffart believes that demand for spot Ethereum ETFs could reach 20% to 25% of demand for spot Bitcoin ETFs.
● US SEC Chairman encourages individual investors to participate in rule-making
According to ChainCatcher, Gary Gensler, chairman of the U.S. SEC, said on social media that the SEC benefits greatly from public opinion and usually solicits opinions on rulemaking. The SEC's Office of Investor Education and Advocacy issued an investor announcement to help explain the rulemaking process and encourage individual investors to participate in the SEC's rulemaking.
● Bank of America: Cryptocurrency funds attract fifth-largest inflows on record
According to Jinshi, Bank of America's EPFR data showed that Japanese stock funds suffered the largest weekly outflow ever in the past week, reaching $5.9 billion. At the same time, investors invested $24.8 billion in cash funds. The bond market and stock market attracted inflows of $12.5 billion and $10.5 billion, respectively. It is worth noting that cryptocurrency funds attracted the fifth largest inflow on record, reaching $1.4 billion.
● Goldman Sachs predicts the Fed will cut interest rates in September and December
According to Wu, Wall Street Journal reporter Nick Timiraos said that as Goldman Sachs changed its forecast for a Fed rate cut to September, most sell-side bank forecasters and other Fed sources now expect the first rate cut to be in September, with the next most likely date being December. Earlier, Goldman Sachs Group CEO David Solomon said he did not expect the Fed to cut interest rates this year and believed the United States was facing more stubborn inflation.
● The three major US stock indexes closed higher, with most technology stocks rising
According to ChainCatcher, the three major U.S. stock indexes closed higher, with the Dow up 0.01% and down 2.33% this week; the Nasdaq up 1.1% and up 1.41% this week; and the S&P 500 up 0.7% and up 0.03% this week. Most of the popular technology stocks rose, with Tesla and AMD up more than 3%, and Nvidia, Intel, and Meta up more than 2%.