Harris raises $310 million in July as campaign shakeup energizes donors Trump campaign raises $138.7 million in July
Harris
Aug 2 - The Harris campaign announced on Friday that it raised $310 million in July, fueled by small-dollar donations that flowed into the war chest after President Joe Biden bowed out of the race and endorsed Vice President Kamala Harris.
The July figure - more than double the $138.7 million raised by Republican rival Donald Trump in the same month - brings the total money raised by Harris and Biden before her to more than $1 billion, the fastest a presidential campaign has crossed that threshold in history, the campaign said.
“This is a history-making haul for a candidate who will make history this November. The tremendous outpouring of support we’ve seen in just a short time makes clear the Harris coalition is mobilized, growing, and ready to put in the work to defeat Trump this November,” said Harris for President Campaign Manager Julie Chavez Rodriguez.
The Harris campaign had $377 million in cash on hand at the end of the month, $50 million more than the Trump campaign's $327 million.
Trump
WASHINGTON, Aug 2 - The presidential campaign of Donald Trump raised $138.7 million in July, providing a cash on hand total of $327 million at the end of the month in which the Republican former president survived an assassination attempt, it said on Thursday.
The fundraising for July was 24% higher than the $111.8 million that the campaign said it raised in June.
The assassination attempt against Trump on July 13 at a rally in Butler, Pennsylvania was expected to spur campaign contributions. Trump's fundraising had also previously surged when he was convicted in late May on felony charges related to a hush-money payment to a porn star ahead of the 2016 election.
Trump's campaign had said last month that it raised $331 million in the second quarter, topping the $264 million that the campaign of then-Democratic candidate and U.S. President Joe Biden raised in the same period.
Biden ended his reelection bid on July 21 and endorsed Vice President Kamala Harris for the Nov. 5 vote against Trump. The Biden withdrawal from the race came amid questions about his age and health following a faltering debate performance against Trump in late June.
Harris's takeover since has reenergized a campaign that had faltered badly amid Democrats' doubts about Biden's chances of defeating Trump or his ability to continue to govern had he won.
Harris's election campaign said on Sunday it had raised $200 million and signed up 170,000 new volunteers in the first week after she became the Democratic Party's presidential candidate.
Polls showed that Trump had built a lead over Biden, including in battleground states, after Biden's disastrous debate performance, but Harris's entry to the race has changed the dynamic with polls showing a tight contest.

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The sell-off in the cryptocurrency market deepened over the weekend, with major assets extending their weekly losses.
Cardano (ADA) was significantly affected, experiencing increased selling pressure and triggering a “death cross” signal on its short-term charts.
A death cross, indicating bearish momentum, occurs when the short-term moving average crosses below the long-term moving average. For Cardano, this pattern appeared on the four-hour chart as the 50-period moving average fell below the 200-period moving average. This signal suggests potential further declines for the ADA.
According to Santiment, historical data shows that low seven-day average trader returns for leading cryptocurrencies, including ADA, increase the likelihood of a rebound. The online analytics company also noted that when we see such low 7-day average trader returns for leading cryptocurrencies such as BTC, ETH, ADA, XRP and others, the likelihood of a rebound increases significantly.
A relief rally for ADA could target the 50-day SMA at $0.397 and further at $0.43. A sustained break above the 200 day SMA at $0.50 could initiate a bullish recovery for Cardano, allowing it to break out of its current trading range. Conversely, if the decline continues, Cardano could find support between $0.31 and $0.33.
At the time of writing, ADA is down 3.5% over the past 24 hours to $0.3474 and down 15% for the week.

#BinanceTurns7 #SOFR_Spike #ADA.智能策略库🥇🥇 #Write2Earn! #MarketDownturn

During an interview on CNBC, Wharton's Professor Jeremey Siegel, who is also the Chief Economist at WisdomTree calls for 0.75% emergency rate cut by the FED.
He also says that there should be another 0.75% rate cut after the next meeting – and thats a bare minimnum as the rate should be between 3.5% and 4%.
Siegel also mentioned that at the june meeting Fed said when inflation reached 2% and unemployment has come up to 4.2% the long-term federal funds rate should be 2.8%.
The economist stated that last Friday that unemployment target was surpassed and reached 4.3%. The inflation has also dropped 90% from its peak and is near the target. In other words the United States “overshot” the targets.
The Fed wanted these targets to be fulfilled and then they would cut the rates – but they didn’t, which according to Siegel makes absolutely no sense.
Not only the U.S. but other economies are suffering, because of Jerome Powell’s irrational decision making and an emergency rate cut is to be expected, since everything has gotten out of the Fed’s control.

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Concerns about the state of the U.S. economy are having an impact on the Japanese stock market and stock indices in Asia.
Japanese stocks posted their biggest losses since October 1987, extending last week’s sell-off. The Nikkei stock average fell 10.01%, or 3,595.30 points, to 32,314.40 points, the lowest in months. The index has fallen sharply from its peak in July and is on track for its biggest two-day decline on record.
U.S. stocks went through a sell-off for a second straight session on Friday after a weak jobs report raised fears of a looming recession and expectations that the Federal Reserve will cut interest rates significantly in September.
The prospect of lower interest rates weighed on the dollar, boosting the yen. The Japanese currency rose nearly 1% to 145.11 per dollar after hitting its highest since mid-January at 144.76.
Meanwhile, Indian stocks fell about 2% in their strongest daily decline in two months, and Taiwan’s benchmark slumped 7.9% to its lowest level since late April. South Korean shares lost more than 5%, their worst decline since March 2020. In Southeast Asia, Singapore’s benchmark fell 3.6%, while stocks in Indonesia and the Philippines lost about 2%.
#MarketDownturn #BinanceTurns7 #SOFR_Spike #Write2Earn! #ETH_ETFs_Approval_Predictions

Jump Crypto’s president, Kanav Kariya, quit in June after three years following information that the US Commodity Futures Trading Commission (CFTC) was investigating the company’s crypto investment activities.
The company appears to be divesting its crypto assets as prices across the industry continue to fall, with DeFi tokens particularly affected. However, Bitcoin and Ethereum remain in positive territory since the beginning of the year, with the leading cryptocurrency experiencing a rise of nearly 40%.
As of August 5, detailed information about Ripple’s stablecoin is available on the company’s website, noting that its availability is subject to regulatory approval.
The purpose of the stablecoin, RLUSD, is to store, buy, and trade U.S. dollars in the chain and for payments. The coin will be pegged to $1 and issued in both the XRP Ledger and the Ethereum blockchain.
At the time of writing, XRP was trading at $0.53, reflecting a 5% loss on the day and 12% overall over the past month, after losing key psychological support at $0.60.
XRP could potentially extend its losses, reaching support at $0.50. If it dives into the imbalance zone between $0.4780 and $0.5136, it could fill the gap and try to recover. After this correction, XRP could rise towards $0.70.

#MarketDownturn #BinanceTurns7 #SOFR_Spike #RecessionOrDip? #Write2Earn!

As asset prices in the crypto industry continue to plummet, Bitcoin has managed to fall below $60,000. Blockchain data testifies that Jump Crypto liquidated hundreds of millions of dollars in crypto assets.
Blockchain data testifies that Jump Crypto liquidated hundreds of millions of dollars in crypto assets.
Addresses flagged by Arkham Intelligence linked to Jump Crypto have received about $300 million since Aug. 3, mostly from addresses identified as exchange wallets. Conversely, about $80 million has flowed out of the trading company’s wallets during the same period, primarily to exchanges such as Coinbase, Gate.io and Binance. The movement of these funds is still ongoing.
Jump Crypto’s president, Kanav Kariya, quit in June after three years following information that the US Commodity Futures Trading Commission (CFTC) was investigating the company’s crypto investment activities.
The company appears to be divesting its crypto assets as prices across the industry continue to fall, with DeFi tokens particularly affected. However, Bitcoin and Ethereum remain in positive territory since the beginning of the year, with the leading cryptocurrency experiencing a rise of nearly 40%.
A significant portion of the funds transferred are in Ethereum. According to X user EmberCN, Jump Crypto has acquired positions worth over $500 million in Lido’s wstETH since July 25, shortly after the spot Ethereum ETFs launched in the US. Jump Crypto currently holds about $130 million in staked ETH, while nearly $200 million worth of Ethereum has been transferred to exchanges.

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DHAKA, 🇧🇩 Aug 4 - At least 104 people were killed and hundreds injured in clashes in Bangladesh on Sunday as police fired tear gas and rubber bullets to disperse tens of thousands of protesters calling for Prime Minister Sheikh Hasina to resign.
The death toll, which includes at least 13 policemen, was the highest for a single day from any protests in Bangladesh's recent history, surpassing the 350 deaths reported on July 19 when students took to the streets to demand the scrapping of quotas for government jobs.
The government declared an indefinite nationwide curfew starting at 6 p.m. (1200 GMT) on Sunday, the first time it has taken such a step during the current protests that began last month. It also announced a three-day general holiday starting from Monday.
The unrest, which has prompted the government to shut down internet services, is Hasina's biggest test in her 20-year regime after she won a fourth straight term in elections that were boycotted by the main opposition Bangladesh Nationalist Party.
Critics of Hasina, along with human rights groups, have accused her government of using excessive force against protesters, a charge she and her ministers deny.
Demonstrators blocked major highways on Sunday as student protesters launched a non-cooperation program to press for the government's resignation, and violence spread nationwide.
"Those who are carrying out violence are not students but terrorists who are out to destabilize the nation," Hasina said after a national security panel meeting, attended by the chiefs of the army, navy, air force, police and other agencies.
"I appeal to our countrymen to suppress these terrorists with a strong hand."
Police stations and ruling party offices were targeted as violence rocked the country of 170 million people.
Thirteen policemen were beaten to death in the north-western district of Sirajganj, police said. Nine others were killed in the district, where two lawmakers' homes were set on fire.
At least 11 people, including two students and a ruling party leader, were killed and dozens injured amid fierce clashes in several places in the capital, Dhaka, police and witnesses said.
Prime Minister Sheikh Hasina corruption 📌
Prime Minister Sheikh Hasina will not allow cryptocurrency, wants to lock up the entire nation as it is illegal.But she has thousands of crores of dollars have been smuggled abroad in the last 15 years.

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Fundstrat's Tom Lee advises buying the ongoing dip in stocks despite troubling economic data.
Tech stocks have stumbled recently due to disappointing earnings and chip sector volatility.
Lee says upcoming Fed guidance and potential rate cuts could shift markets in a positive direction.
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It's a prime time for investors to buy the dip in stocks, with the market flashing a handful of signs that there's more upside on the way, according to Fundstrat's head of research Tom Lee.
The ultra-bullish analyst, who's previously predicted the S&P 500 could nearly triple by the end of the decade, says the ongoing tech-driven stock sell-off is actually a buying opportunity.
It's a bold short-term call given recent wreckage in the market. The tech-heavy Nasdaq 100 has lost nearly 5% in just two days amid disappointing earnings reports and volatility in the chip sector.
Lee says the sell-off has likely been fueled by a culmination of factors, such as uncertainty surrounding the presidential election, lingering geopolitical tensions, and ongoing concerns over a recession.
#July_NonFarmPayrolls_Shock #BinanceTurns7 #SOFR_Spike #MtGoxJulyRepayments #Write2Earn!

The crypto market has just witnessed its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession.
The crypto market has just clocked its largest three-day sell-off in almost a year, briefly shedding as much as $510 billion since Aug. 2.
The sharp crypto sell-off arrived amid faltering performance from equities with the S&P 500 falling as much as 4.4% in the same time frame.
The market stumble has been led by weak employment data, slowed growth among major tech stocks, and revived fears of a recession.
Several major companies including Microsoft and Intel posting lower-than-expected Q2 results and market leader NVIDIA battered by expectations of impending rate cuts in September, something that has seen capital flow back into smaller, lagging companies have also tumbled drastically amid a sudden market sell-off on Aug. 5, with the assets respectively plummeting 10% and 18% in the last two hours alone.
It has been the hardest-hit cryptocurrency among the top 10 largest tokens by market cap, falling 30.6% since July 30.
Several market commentators have also looked to a spate of selling from Jump Crypto as an aggravating factor, with the trading firm offloading hundreds of millions of dollars in assets from their books in the last several days, per Arkham Intelligence data.

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BTC price weakness takes the market below $59,000 for the first time since mid-July as "relentless" Bitcoin selling pressure persists
analysis now expects BTC price action to target $58,000 next as long positions get “rekt.”
Bitcoin weekly losses edge toward 10%
As a grim weekend sets up an equally grim weekly candle close, market participants warn that Bitcoin bulls may face more pain into next week.
“Bitcoin has entered the CME Gap, but technically, it can only be filled during TradFi trading hours,” Keith Alan, co-founder of trading resource Material Indicators, wrote in his latest X post on Aug. 4.
Alan referred to the void between closing and opening levels on CME Group’s Bitcoin futures markets.
BTC price action tends to either rise or fall to “fill” these gaps after a weekend, and at present, they are turning $58,000 into a near-term target.
“Bitcoin Will be opening with a new CME gap if it trades at its current value,” popular trader Daan Crypto Trades continued in his own post on the topic alongside an explanatory chart
Alan meanwhile predicted that the weekly close, which was set to leave BTC/USD down more than 8% at the time of writing, would not provide lasting relief.
“With that in mind, there is a low probability that we see BTC price recover for the Weekly close, but if we do, I expect it to be short lived,” he concluded.

#US_Job_Market_Slowdown #BTC☀ #SOFR_Spike #Write2Earn!

Top 3 Best Crypto Loan Platforms
A crypto loan is a loan issued by a crypto lending platform, and the service usually allows users to borrow crypto using their existing crypto holdings as collateral.
Crypto loans are changing the way people access funds. A crypto loan allows you to use your crypto as collateral to borrow money without selling your digital assets.
This is an efficient way to access liquidity while still holding onto your crypto investments.
In this article, we’ll break down the basics of crypto loans and present the top three platforms offering such services.
Top 3 Crypto Loans Providers
1. Binance
Binance is one of the world’s largest centralized exchanges. The platform provides a wide range of services which include crypto loans.
Application process
Select collateral: Choose from supported cryptos.
Specify loan details: Enter the amount you wish to borrow and the loan term.
Review terms: Check the interest rate and loan terms according to your choices.
Confirm and receive funds: Confirm the loan and the funds will be deposited in your Binance account.
Pros
Wide range of supported cryptos: Binance offers flexibility for users, supporting various digital assets for collateral, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
Flexible loan terms: Loan terms range from 7 days to 180 days, catering to both short-term and long-term borrowing needs.
Competitive interest rates: Interest rates range from 4% to 12% APR, depending on the collateral and loan term. For instance, a loan secured with BTC might have an APR of around 6% while a loan using ETH might have an APR of 7%.
High loan-to-value (LTV) ratio: You can borrow up to 65% of the value of your collateral, making it a viable option if you need significant funds.
Simple application process: The loan application is straightforward, with rapid approval times and immediate fund disbursement.

2. Aave
Aave is one of the most popular DeFi protocols, built on the Ethereum blockchain. It offers low interest rates and features including flash crypto loans.
Application process
Deposit funds: You must first deposit funds into the Aave protocol which will be added to the liquidity pool; you receive aTokens in return which accrue interest.
Borrow: Choose the asset you wish to borrow, and make sure to have enough collateral deposited to cover the loan according to the LTV ratio; select a stable or variable interest rate.
Managing loans: Regularly monitor your collateral and the health factor of your loan to avoid liquidation.
Pros
Trust and reliability: Aave has a strong track record of security and reliability.
Low-interest loans: You can get loans at competitive interest rates, and the algorithmic rate adjustment helps maintain fair and efficient markets.
Flash crypto loans: These allow you to execute complex financial strategies like arbitrage without requiring upfront capital and a fee of 0.09% is charged for flash crypto loans.
Diverse blockchain support: By supporting multiple blockchains, such as Ethereum, Avalanche, and Harmony, Aave offers you flexibility and access to lower fees, especially useful for high-frequency transactions such as flash loans.
Stable and variable interest rates: You can choose between stable and variable interest rates, which offer predictability and lower costs; for instance, ETH has a variable borrow rate of 2.5% APR, and a stable borrow rate of 4% APR.
3. Alchemix
Alchemix offers a unique self-repaying loan. The platform stakes collateral in protocols like Yield to generate returns. The return is used to pay off loans, so there is no need to make manual repayments.
Application process
Deposit collateral: You deposit collateral in the form of accepted stablecoins into the Alchemix protocol.
Borrow against collateral: Based on the collateral deposited, you can borrow up to a certain percentage of its value; for instance, if you deposit 1000 DAI, you could borrow up to 500 alUSD.
Yield generation: The deposited collateral is automatically staked in yield-generating DeFi protocols such as Yearn Finance, and the yield is used to repay the loan over time.
Automatic repayment: The yield is used to gradually reduce the outstanding loan balance and you don’t have to make manual repayments.
Redeem collateral: Once the loan is repaid, you can withdraw the original collateral.
Pros
No manual payments: You don’t have to worry about manually repaying your loan, as the yield generated from the collateral takes care of it.
No forced liquidations: The absence of forced liquidations offers peace of mind especially in volatile market conditions.
Customizable options: You can tailor your loans and yield strategies.
No interest rates on loans: The platform doesn’t charge interest rates on loans, and the concept of interest is replaced by the yield generated from the deposited collateral.

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While the Fed is expected to cut US interest rates in September, a huge bull market is expected to begin this fall, based on historical prices.
According to the latest reports coming from FMT Investment Advisory, a fiduciary asset manager for the “new economy”, we can expected a huge bull market this fall.
In a post on X from July 31, the team at FMT Investment Advisory noted that Bitcoin shows moves like clockwork on the liquidity cycle. According to data from BitcoinStrategyPlatform, BTC’s price shows similar moves post the 2024 halving compared to the ones in previous halvings.
According to history, following cooler summer months, Bitcoin kicks off impressive bullish moves in October, data from 2013-2023 shows, as revealed via the X post.
FMT Investment Advisory also shared that the Fed is 100% going to cut rates in September, 48 days from now.
On July 31, the Federal Reserve said that it could start lowering interest rates as soon as September, as noted by Financial Times.
Fed Chair Jay Powell, said during a press conference that a reduction in the policy rate could be on the table as soon as the next meeting which is set to take place next month.
He also added that there had been a real discussion at the FOMC meeting this week about the subject of cutting rates.
Also, the FOMC flagged further progress towards lowering inflation to its 2% goal. However, it maintained that officials would need even more confidence before they are willing to cut.
Yesterday, Bitcoin dropped below the $65,000 level following the US Fed’s decision to keep rates unchanged for now.
At the moment of writing this article, BTC is trading above $64,000, after reaching prices close to $70,000 following The Bitcoin Conference during the past weekend which showed massive support for BTC and crypto.

#US_Job_Market_Slowdown #BTC☀ #BinanceTurns7 #SOFR_Spike #Write2Earn!

According to Ki Yong Ju, CEO of CryptoQuant, crypto whales are positioning themselves for the next expansion of the altcoin market.

He claims that the whales are creating limit orders for altcoins on centralized exchanges (CEX) to avoid slippage and secure the best prices. Unlike market orders, limit orders buy an asset at a predetermined price and only execute once that price is reached.
He noted that time will be limited for those looking for discounts in altcoins once Bitcoin (BTC) breaks its all-time high (ATH):
Buy walls are forming in altcoins for both stablecoin and Bitcoin pairs, but volumes are still low. If altcoin season means a sharp increase in volumes, it hasn’t arrived yet. Now is the time to explore promising altcoins for the next bull market – timing may be short once Bitcoin reaches a new ATH.
Zhu compared Bitcoin’s current state to mid-2020, when it was trading in a range without retail-induced excitement. He advises patience as bullish periods are often short, powerful and sudden.

#US_Job_Market_Slowdown #BinanceTurns7 #SOFR_Spike #Write2Earn! #VanEck_SOL_ETFS

WASHINGTON, Aug 4 - Vice President Kamala Harris will interview three top candidates - Minnesota Governor Tim Walz, U.S. Senator Mark Kelly of Arizona and Pennsylvania Governor Josh Shapiro - at her Washington, D.C., residence on Sunday ahead of a final decision on her running mate.
Harris is expected to announce her choice as early as Monday, ahead of her first public appearance with the vice presidential nominee on Tuesday in Philadelphia, Reuters was first to report. The Harris campaign is also planning a social media announcement featuring the duo, officials familiar with the arrangements told Reuters.
Harris met with her vetting team on Saturday, including former attorney general Eric Holder, whose law firm Covington & Burling LLP scrutinized the finances and background of potential running mates. Holder and his office made in-depth presentations on each of the finalists, according to sources familiar with the process.
She met Transportation Secretary Pete Buttigieg for 90 minutes on Friday and is also meeting candidates virtually, the sources said. Kentucky Gov. Andy Beshear and Illinois Gov. J.B. Pritzker are the other candidates in contention for the job.
The candidates will be informed on Monday night or Tuesday morning whether they were picked, the sources said.
The choice of a running mate is one of the most consequential decisions of Harris' political career, as she hastily pulls together a campaign to challenge Donald Trump in the Nov. 5 election after President Joe Biden dropped out of the race last month.
Her shortlist includes all white men with a record of winning over rural, white or independent voters.
Harris' decision also influences the future direction of the Democratic Party, elevating the chosen candidate to the front of the line for future presidential contests.
Shapiro, one of the top contenders, has faced sharp criticism from the left, especially progressive groups and pro-Palestinian activists, over his support for Israel and his handling of college protests sparked by the war in Gaza.
"There must be a policy correction on Gaza and there must be a pro-working class policy agenda, including a Black agenda," said Nina Turner, co-chair of Bernie Sanders' 2020 campaign and a fellow at The Institute on Race, Power and Political Economy, a progressive research group. "Picking Governor Shapiro as a running mate risks closing that door.

His handling of a sexual harassment complaint against a longtime top aide has also been questioned, and labor groups including the United Auto Workers (UAW) union, that recently endorsed Harris for president, have criticized him for calls to expand voucher programs that allow public tax dollars to flow to private schools.
Some labor groups have also criticized Kelly for not supporting proposed legislation they argue would boost union organizing.
Shawn Fain, president of the UAW, said that despite backing Harris for president, his 370,000-member union is not supporting Kelly or Shapiro as a potential running mate.
Walz has become a favorite of progressives and youth groups who enjoy his attacks on Trump.
At 60, Walz is just a year older than Harris, but critics say he looks much older, which could be a liability to a campaign that is rebounding from Biden's departure over concerns about his age.
Walz responded to this criticism on X, saying he looks the way he does because he was a high school teacher and "supervised the lunchroom for 20 years. You do not leave that job with a full head of hair. Trust me."
#US_Job_Market_Slowdown #BinanceTurns7 #SOFR_Spike #MtGoxJulyRepayments #Write2Earn!

The latest US jobs report has sparked considerable debate. 114,000 jobs were added in July, but the unemployment rate rose to 4.3%.
This increase has led some to speculate that the Federal Reserve (Fed) could lower interest rates at its next meeting, which could have a positive impact on Bitcoin.
Jag Cooner, head of derivatives at Bitfinex, noted that while the job numbers show some economic strength, recession concerns persist due to high lending rates and rising unemployment. An unemployment rate of 4.3% could trigger the Sahm rule, which is a common indicator of recession, although its reliability may be diminished in the current post-panic labor market.
Economic uncertainty is further compounded by an inverted yield curve, another recession signal. Despite the increase in the number of layoffs, they remain historically low. The Federal Reserve is keeping interest rates high to fight persistent inflation, but there is growing speculation about a possible rate cut if economic signs soften.
Bitcoin Dropped Below $60,000 Again – What Could be the Reason?
If the unemployment data supports the Fed’s view that inflation is under control, a September rate cut could be expected, which would likely benefit Bitcoin. Kuner noted that August could see low market liquidity due to the summer season, with BTC expected to trade between $61,000 and $70,000.
Currently, market confidence is stable despite potential negative news, such as the Mt. Gox split and significant moves in the chain. Kuner stressed the need to watch for any statements from the Fed chairman regarding inflation and economic growth.
Powell hinted that a rate cut may be considered, and financial markets are awaiting that move. However, the Fed remains focused on the data, especially inflation trends, before making any decisions.

#July_NonFarmPayrolls_Shock #Babylon_Mainnet_Launch #BinanceTurns7 #SOFR_Spike #Write2Earn!