CME Fed Watch: The probability of the Fed keeping interest rates unchanged in August is 95.9%
According to BlockBeats, on July 29, according to CME's "Federal Reserve Watch": the probability of the Federal Reserve keeping interest rates unchanged in August is 95.9%, and the probability of a 25 basis point rate cut is 4.1%.
The probability that the Federal Reserve will keep interest rates unchanged by September is 0%, the probability of a cumulative interest rate cut of 25 basis points is 85.8%, the probability of a cumulative interest rate cut of 50 basis points is 13.8%, and the probability of a cumulative interest rate cut of 75 basis points is 0.4%.
10x Research: The interest rate decision on August 1 and the CPI data on August 14 are crucial to the medium-term trend of BTC
BlockBeats news, on July 29, 10x Research posted on social media that based on historical data analysis, Bitcoin’s return rate flattened in August and declined in September. However, tailwinds from U.S. interest rate policy, falling interest rates, and the election calendar are likely to cushion any downward pressure on the $1 billion token unlock in August. Bitcoin dominance is creating new highs this cycle and is having a significant impact.
It believes that Bitcoin is expected to eventually break new highs, but Bitcoin may need "macro" help. The Federal Reserve's interest rate decision on August 1 and the CPI report on August 14 will be crucial.
Arthur Hayes: Let politicians contribute to crypto before giving money
According to BlockBeats, on July 28, BitMEX co-founder Arthur Hayes posted on X, "Don't be stupid, let these blood suckers do something positive for encryption before considering giving them money." He then attached a letter from internal Democratic Party officials to Democratic National Committee Chairman Jaime Harrison and future Democratic presidential candidates.
The letter stated, “We urge the Democratic Party Chairman and presidential candidates to take a forward-looking attitude towards digital assets and blockchain technology. A large number of Americans have accepted digital technology and see it as a means of democratizing economic opportunities. From an electoral perspective. Cryptocurrency and blockchain technology have a huge impact on securing votes. More than 20% of voters in key swing states see cryptocurrency as a major issue in the 2024 election. We believe that this technology is non-partisan and that the Democratic Party should support these innovations to help reaffirm the United States’ position as a global leader in the digital economy.”
Wu Jiezhuang, member of the Legislative Council of the Hong Kong Special Administrative Region: In the future, under compliance conditions, we will consider including Bitcoin in the strategic fiscal reserves
According to BlockBeats, on July 28, in response to Trump’s speech at the Bitcoin Conference, Hong Kong SAR Legislative Council member Wu Jiezhuang said on the X platform that Bitcoin and Web3 are important nodes in the development of globalization, and global common development should be encouraged.
In addition, in the future, under compliance conditions, Bitcoin can be considered to be included in the strategic fiscal reserves of the country or region. I believe that the SAR government will open up the market responsibly and step by step.
US Senators to propose "U.S. Treasury purchases 1 million Bitcoins in 5 years"
According to BlockBeats, on July 28, The Block reported that Wyoming Senator Cynthia Lummis said at the Bitcoin 2024 conference that she will propose a proposal next week to instruct the U.S. Treasury to purchase 1 million bitcoins (worth about $68 billion at current prices) within five years.
She said the move was to offset the impact of the depreciation of the US dollar. "Bitcoin is a great store of value. It has grown by about 55% per year over the last four years or so. During the same period, the dollar has depreciated and we have seen inflation rise." The senator added: "So I think there is value in having a hard asset that backs the dollar and that grows in value rather than falls."
Trump: After being elected, the United States will not sell any Bitcoin and will keep it as a strategic reserve
According to BlockBeats, on July 28, Trump said in a speech at the Bitcoin 2024 Conference that after his election, the United States will not sell (100% retention) any Bitcoin, which will serve as the basis for strategic Bitcoin reserves.
Trump: Bitcoin is no threat to the dollar
According to BlockBeats, on July 28, Trump said at the Bitcoin 2024 conference that Bitcoin does not pose a threat to the US dollar, and those who think Bitcoin poses a threat to the US dollar are completely wrong. The future danger does not come from cryptocurrencies, but from Washington, DC.
However, according to Lvdong, Trump has always emphasized the threat posed by Bitcoin to the US dollar. In 2019, as president, he tweeted that he did not like the "air value" of Bitcoin. After leaving office, he told the media in 2021 that Bitcoin "may be a scam."
Trump: I will fire the current SEC chairman on my first day as president
According to BlockBeats, on July 28, Trump said at the Bitcoin 2024 Conference that he would fire current SEC Chairman Gray Gensler on the first day of his presidency. (He received 20 seconds of cheers from the audience)
This week's unlocking data summary: 600 million W will be unlocked on August 3, and OP, SUI, and ZETA will also be unlocked in large amounts at one time
According to BlockBeats, on July 29, according to Token Unlocks data, this week W, OP, SUI, ZETA and other tokens will usher in a one-time large-scale unlocking, with a total unlocked token value of US$348 million. Among them, W will unlock 600 million tokens, accounting for 33% of the circulating supply, equivalent to approximately US$180 million. The detailed unlocking information is as follows:
PRIME will unlock approximately 750,000 tokens at 8:00 a.m. Beijing time on July 31, accounting for 1.75% of the current circulation, with a value of approximately US$5.85 million;
OP will unlock approximately 31.34 million tokens at 8:00 am Beijing time on July 31, accounting for 1.79% of the current circulation, with a value of approximately US$54.85 million;
MANTA will unlock approximately 1.87 million tokens at 7:59 am Beijing time on August 1, accounting for 0.5% of the current circulation, with a value of approximately US$1.83 million;
DYDX will unlock approximately 8.33 million tokens at 8:00 a.m. Beijing time on August 1, accounting for 3.65% of the current circulation, with a value of approximately US$10.83 million;
SUI will unlock approximately 64.19 million tokens at 8:00 a.m. Beijing time on August 1, accounting for 2.56% of the current circulation, with a value of approximately US$50.48 million;
ZETA will unlock approximately 53.89 million tokens at 8:00 a.m. Beijing time on August 1, accounting for 18.92% of the current circulation, with a value of approximately US$34.58 million;
GAL will unlock approximately 4.17 million tokens at 8:00 a.m. Beijing time on August 2, accounting for 3.52% of the current circulation, with a value of approximately US$13.1 million;
W will unlock approximately 600 million tokens at 19:30 Beijing time on August 3, accounting for 33.33% of the current circulation, with a value of approximately US$180 million;
ENA will unlock approximately 14.89 million tokens at 15:00 Beijing time on August 4, accounting for 0.87% of the current circulation, with a value of approximately US$7.01 million;
Solana Chain Meme Coin NEIRO Official Twitter Account Frozen Due to Violations
According to BlockBeats, on July 29, according to the X platform information, the official X account of the Meme coin NEIRO on the Solana chain was frozen due to violations.
Compound's new grant proposal was passed and accused of suspected governance attacks. The beneficiaries hoarded COMP on the open market to facilitate the proposal's passage
According to BlockBeats, on July 29, The Block reported that the proposal recently passed by the DeFi lending protocol Compound has triggered accusations of governance attacks by community members, who claimed that a small group of people were able to force the proposal through the approval process after purchasing a large number of tokens on the open market.
It is reported that Proposal 289 allocates 5% of Compound funds (499,000 COMP tokens worth about $24 million) to the yield protocol designed by the "Golden Boys" for a period of one year. The proposal was narrowly passed on Sunday with 682,191 votes to 633,636 votes. Voting on the proposal began at 11:40 p.m. on Thursday and continued throughout the weekend.
Michael Lewellen, security solutions architect at OpenZeppelin and security consultant for Compound Finance, said that several accounts hoarding COMP tokens on the open market were related to several proposals to allocate COMP to the goldCOMP product created by an organization called Golden Boys. In response to Lewellen's security alert, several community members including Wintermute Governance, Columbia Blockchain, Penn Blockchain, and StableLab also expressed similar concerns.
HelloDex benchmarks Ave and other products: announced that 80% of profits will be returned to users, and governance token pre-sale is in progress
According to BlockBeats, on July 28, according to official news, the decentralized trading platform HelloDex announced on X: The profits earned by the on-chain DEX from transaction fees and daily user activity come from users and should also belong to users.
HelloDex provides users with a one-stop decentralized market aggregation platform that integrates multiple public chains and cryptocurrency tools. While providing users with a complete on-chain DEX experience, HelloDex will also change the way of profit distribution and return 80% of the handling fees and daily active profits to users. The governance token pre-sale is currently underway.
Neiro developer denies $5.7 million in profit: “These addresses belong to my friends”
According to BlockBeats, on July 28, according to Bubblemaps’ analysis on the X platform, the developers of the Solana chain meme coin Neiro have currently made a profit of US$5.7 million, with an unrealized profit of US$4 million, and still hold 6% of the supply of Neiro.
Neiro developers responded to his tweet: “This is false information. Most of these addresses belong to friends of DEV. Dev currently holds about 1.6% of the supply and has no plans to sell in the near future.”
Xiaomi and Futu jointly hold Airstar Bank and announced cooperation with JD CoinChain on the "Sandbox" for stablecoin issuers
According to BlockBeats, on July 28, Airstar Bank Limited announced that it would cooperate with Jingdong Coinlink, a subsidiary of JD Group, on the Hong Kong Monetary Authority's "Sandbox" for stablecoin issuers. As one of the participating institutions in the "Sandbox", Jingdong Coinlink plans to use the "Sandbox" environment to innovate, test and improve, and is committed to using the latest technology to develop blockchain-based cross-border payment solutions to help companies solve the problems and payment experience encountered in cross-border payments.
Relevant information shows that the "Sandbox" for stablecoin issuers was launched by the HKMA on March 12, 2024. Through the "Sandbox", the HKMA can convey regulatory expectations and provide guidance to institutions planning to issue fiat stablecoins in Hong Kong, while participants can also test the feasibility of the intended business model, communicate directly with the HKMA and understand how to comply with future regulatory requirements.
It is reported that Airstar Bank (full name: Airstar Bank Limited) was issued a banking license by the Hong Kong Monetary Authority in 2019. On June 7, 2024, Futu Holdings (FUTU.US) announced that it had completed an investment of HK$440 million in Gravitation Fintech HK Limited, the parent company of Hong Kong's licensed virtual bank Airstar Bank. After this change, Xiaomi Group holds 50.30% of the shares and Futu holds 44.11% of the shares.
Merlin Chain will complete the snapshot of the "Fourth Ordinal" whitelist activity in advance at 20:00 on the 28th
According to BlockBeats, on July 28, Merlin Chain, together with Ordzaar and OrdinSwap, launched the "Fourth Ordinal" whitelist event, which will be snapshotted on July 28.
Bitcoin wallet users do not need to perform any operations. EVM wallet users need to complete the EVM-Bitcoin wallet binding operation within the specified time frame to determine the free Mint whitelist qualification. The snapshot time is 20:00 on July 28.
Merlin users directly whitelisted include: Merlin's Seal pledgers and Merlin Chain core asset holders (including MERL, Bitmap, BRC420, DOG, M-BTC, DOG, RUFI, etc.)
Renzo restaking protocol: Season 2 snapshot completed on July 26
According to BlockBeats, on July 28, according to official news, the re-staking protocol Renzo announced that the second quarter snapshot was completed on July 26.
Renzo’s team is currently calculating the effects of augmentation, labeling Sybils, and performing data analysis.
