The Federal Reserve, the Bank of Japan and the Bank of England will all announce key interest rate decisions this week. The first to be announced is the Bank of Japan, which has announced a rate hike today, from 0.1 to 0.25. The corresponding US dollar index has also risen slightly. The Federal Reserve should remain unchanged tonight, and the focus will be on whether the speech will release a signal of interest rate cuts. The UK will announce interest rates tomorrow, and it is possible that interest rate cuts will begin in advance. Therefore, starting from this month, the macroeconomic interest rate cut cycle should come into people's eyes.

On July 30, the Bitcoin ETF had a net outflow of US$18.3 million. Except for the inflow into BlackRock, the rest were all outflows.

On July 30, the Ethereum ETF had a net inflow of 33.7 million US dollars. Grayscale still had a large outflow of 120 million, and BlackRock ETHA had an inflow of 118 million. After a week of outflow, the Ethereum ETF finally began to have a net inflow. Grayscale currently holds 2.17 million ETH.

According to RIA Novosti, the State Duma, the lower house of the Russian parliament, passed the Digital Currency Cross-Border Payments Law today. The law allows the use of cryptocurrencies for settlement within the framework of an experimental system. The Russians are also going to legalize it, and we can't keep talking about it.

33,963.8 BTC was transferred out of the Mt.Gox address. But it is not clear which exchange the money was transferred to. Currently, there are about 46,162 BTC left in the Mt.Gox address. Why does this number feel wrong?

According to the official announcement, starting from the next Launchpool, the decentralized BNB assets of the Binance Web3 wallet will be included in the Launchpool reward calculation. If the user holds a supported decentralized BNB asset in the wallet, then the asset will be counted as part of the Launchpool BNB holdings to receive rewards.

In addition to the Launchpool platform, Megadrop and HODLer airdrops will also support decentralized BNB assets. After the announcement, Lista immediately announced that Binance Launchpool will support slisBNB, a liquidity staking token launched by Lista DAO. This is a positive for the project because it can attract BNB staking. However, the market's feedback on the coin price is that the positive has turned into a negative, which shows how serious this insider trading is.

Market interpretation:

The current correction of the big cake is quite strong. It has not broken 65,000, and it is right on the middle track of the daily line. If 65,000 is used as support, then the bulls are strong. From the current small-level trend, it can be considered that it has stabilized temporarily. The important thing is the speech in the evening. Whether it can open the market in August depends on how the Federal Reserve releases the signal of interest rate cut. After all, it is still speculation on expectations. The supply of Mentougou has also distributed nearly 70%, and the market in the fourth quarter is worth looking forward to.

The two-cake ETF has finally started to see inflows, which is a good turning point.

SOL was not completely regarded as a non-security by the SEC, but they did not want to investigate these coins in the BN case. Therefore, the market did not have a particularly positive feedback, because the news was misinterpreted. The market is the most correct. If the SEC really said that they did not consider SOL to be a security, then with the support of ETFs, Ethereum could increase by 20% a day, and SOL would definitely go to the sky.

In terms of cottage:

There is not much to say about other copycats. That’s it for today. We will act according to the overall situation.