8.11 Laboratory Daily:

The market situation is similar to the judgment, and Bitcoin has been fluctuating in the range of 2400~2700.

From the current point of view, it should continue to fluctuate for a period of time until the hype about interest rate cuts begins in September.

1. Data: The total market value of stablecoins increased by 1.31% in a week, and USDT’s market share was close to 70%;

2. CME Fed Watch: The probability of the Fed cutting interest rates by 25 basis points in September is 51%, and the probability of cutting interest rates by 50 basis points is 49%;

3. The U.S. SEC and Ideanomics reached a settlement over $40 million in fraudulent financial reporting of cryptocurrency revenue;

4. Wintermute has transferred a total of 14.094 million ARB to Binance in the past 24 hours, equivalent to approximately US$7.93 million; (ARB has completely gone cold this time)

5. @Uniswap front-end transaction fees have exceeded US$57 million; (but UNI has been falling)

6. Celsius directly sued Tether to repay $2.4 billion worth of BTC, and Tether responded that it would defend the extortion;

7. The CEO of JPMorgan Chase said that an economic recession is still the most likely outcome of the U.S. economy, and that there is increasing uncertainty in the market;#BTC#ETH #Uniswap