1. Fed meeting minutes: Economic growth appears to be cooling down
On July 3, the Federal Reserve released the minutes of its June 12 meeting, which showed that Fed officials were generally satisfied with their wait-and-see stance. Due to high inflation, Fed officials did not have enough confidence to cut interest rates, but some policymakers at last month's meeting called for close attention to signs that the labor market may weaken faster than expected. The vast majority of participants believed that the growth of economic activity seemed to be gradually cooling down.
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2. QCP Capital: Bullish sentiment in the ETH options market is high, especially in September and December expiration dates
QCP Capital said that BTC fell below the $60,000 support level under heavy selling pressure, hitting a low of $57,875. BTC miners showed signs of capitulation, a similar situation occurred when BTC fell to $17,000 in 2022. Despite the overall sell-off in the crypto market, the options market remains optimistic about ETH, and there is strong demand for ETH call options expiring in September and December. Analysis points out that the liquidation clusters of BTC and ETH are biased upward, which may trigger a short-term squeeze. In addition, the approval of the S-1 form is approaching, and if approved, ETH is expected to rebound strongly.
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3. German Government transferred 3,000 BTC today, the largest transfer in recent times
The German Government transferred a total of 1,300 BTC to Bitstamp, Coinbase and Kraken at 16:25 UTC+8, worth about $75.53 million, which is the largest transfer to CEX in recent times. The German Government also transferred 1,700 BTC to address 139Po, worth $99 million, which may be transferred to institutional services or over-the-counter deposits. The German government still holds 40,359 BTC ($2.3 billion).
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4. UniSat announced that it had completed its Pre-A round of financing led by Binance in May
UniSat announced that it had completed a Pre-A round of financing led by Binance in May of this year. The specific amount has not been disclosed. This strategic investment strengthens the ongoing technical and business partnership between the two parties. Currently, UniSat’s trading volume share in the Ordinals market is about 5%, and in May 2023, UniSat’s market share once reached 80%. UniSat has a market share of about 10% in Runes trading volume, facing fierce competition from OKX and Magic Eden.
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5. A 3-year-old boy in Hong Kong was kidnapped and extorted for 660,000 USDT and has been rescued by the police
A shocking kidnapping case occurred in Tseung Kwan O, Hong Kong. On July 3, a 3-year-old boy was kidnapped with a towel covering his mouth in Tseung Kwan O Plaza. He was later extorted for 660,000 USDT. The kidnappers required him to download Telegram and go to a virtual currency store to buy 660,000 USDT and transfer it in. In the early morning of July 4, the police arrested two people and rescued the boy.
6. Two Chinese were kidnapped and killed in the Philippines. The kidnappers had demanded USDT worth 15 million yuan.
Recently, two Chinese were kidnapped and killed in the Philippines. The police of three countries intervened in the investigation. The family members are still waiting for the autopsy results and the progress of the investigation. The two victims were engaged in the medical device industry and belonged to different companies. One of them was a Chinese citizen (Xia) and the other was a Chinese American (Sun). They were kidnapped after arriving in the Philippines and were found dead on June 24. The kidnappers had asked the victim Sun's family to raise 15 million yuan and convert it into USDT virtual currency to a designated account. Sun's family did not pay the ransom. Xia's family also received a similar call asking for money and paid a ransom of 3 million yuan.
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