Headlines
▌Trump plans to launch fourth NFT series
Bloomberg Businessweek published an interview with former President Donald Trump on Tuesday, saying that Trump plans to launch a fourth NFT series. In the interview, Trump said that his previous series was "very successful" and sold out in one day: "The whole series sold out: 45,000 cards. I did it three times, and I'm going to do it again because people want me to do it again. The spirit is incredible. It's beautiful."
It is reported that Trump had previewed the idea of issuing a fourth NFT series at a party held for his NFT holders at Mar-a-Lago in May this year, but he did not express his position at the time. He said: "I believe in supply and demand. Everyone knows that one is good, two is good, and three is also good. At some point, there may be a turning point.
▌The US presidential election is heating up, and the billionaires are taking sides
Although this year's US presidential election has seen a series of unprecedented events, what remains unchanged is that donations continue to flow into the campaign's coffers. Since the assassination attempt last Saturday, Trump has made a lot of money, and billionaire Musk has pledged to donate $45 million a month to a super PAC. The committee mainly provides funds for Trump's campaign in swing states. Although Biden's disastrous performance in the first election debate triggered calls for "replacement", his campaign team and the Democratic Party raised a total of $38 million from the day of the debate to the end of June. Democratic big donors have also expressed their support for him with real money. George Soros donated $5 million to the main super PAC supporting Biden the day after the debate. Former Google CEO Eric Schmidt and real estate developer Herbert Simon have made six-figure donations to Biden's campaign team and the Democratic Party in recent weeks. But others, such as Netflix's Reed Hastings, have said they will withhold the funds unless the Democratic Party launches another candidate.
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is $65,148.17, with a daily change of +0.4%;
ETH's latest transaction price is $3443.94, with a daily change of -1.3%;
BNB's latest transaction price is $546.43, with a daily change of -1.8%;
SOL's latest trading price is $160.64, with a daily change of +0.6%;
DOGE’s latest trading price is $0.125, with a daily change of -0.2%;
XPR recently traded at $0.5793, with a daily change of +7.7%.
policy
▌FTX and CFTC agree to $12.7 billion settlement
Bankrupt cryptocurrency exchange FTX and the U.S. Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, which is currently awaiting approval from a Delaware judge. As part of the settlement, the CFTC agreed not to collect any compensation as long as FTX complies with the reorganization plan. As a result, FTX will pay up to $12.7 billion in compensation to creditors, depending on available funds. A hearing on the settlement motion will be held on August 6.
▌US Congressman and Bitcoin skeptic Robert Menendez was officially convicted
Robert Menendez, a U.S. senator and Bitcoin skeptic who was formally convicted of accepting bribes in gold and cash, claimed in 2017 that Bitcoin is “ideal for criminals.”
Blockchain Applications
▌Ava Protocol has launched its mainnet on Ethereum
Ava Protocol (formerly OAK Network) has launched its mainnet on Ethereum. The team said this will enable developers to integrate event-driven super transactions without custom code, simplify complex on-chain operations, provide advanced functions beyond the Ethereum virtual machine, and support automated tasks such as payments and dynamic NFT casting. According to previous news, Ava Protocol has completed a $10 million seed round of financing, with investors including Electric Capital, Taisu Ventures and Polygon founder Sandeep Nailwal.
▌SEND launches Blinks browser "onlyblinks"
Solana Blinks Ecosystem Meme Project SEND announced the launch of the Blinks browser “onlyblinks” on X, including features such as the ability to explore and use all Solana blinks in one place.
Cryptocurrency
▌In the past 24 hours, the entire network has liquidated 224 million US dollars, mainly short orders
Data shows that in the past 24 hours, the entire network has a liquidation of 224 million US dollars, of which long orders have a liquidation of 95.0074 million US dollars, short orders have a liquidation of 129 million US dollars, and the main liquidation is short orders. Among them, BTC liquidation is 72.4834 million US dollars, and ETH liquidation is 40.3122 million US dollars.
▌Blast removes "L2" from X usernames, shortens withdrawal time from 14 days to 7 days
Ethereum layer 2 Blast network has cut its withdrawal time in half, from 14 days to 7 days, according to an X post published by the network’s development team on July 16. The network previously required longer withdrawal times “in order to provide a buffer for Lido withdrawals.” The team claims that this longer wait time is no longer necessary. The team posted the news via a new X account @blast, which replaced the previously used @blast_l2 account. The previous account announced the existence of the new account in its profile.
▌Tigran Gambaryan, a Binance executive detained in Nigeria, was sent to court due to deteriorating health
Detained U.S. Binance executive Tigran Gambaryan had to be wheeled into a court in Abuja, Nigeria, today because a herniated disk in his back left him in severe pain and “barely able to walk,” his family reported Monday.
Gambarian's health has continued to deteriorate since he was detained in Nigeria in February. Gambaryan was initially placed under house arrest, but after his colleagues escaped, he was transferred to the notoriously dangerous Kuje prison, which houses violent criminals including members of the Boko Haram terror group.
▌Mining company Northern Data decides to dismiss former employee's whistleblower lawsuit
European bitcoin mining company Northern Data is fighting back against a whistleblower lawsuit filed by two of its former executives, who say they were wrongfully fired for raising concerns about the company's finances and accusing it of tax evasion. On Monday evening, Northern Data's lawyers filed a motion to dismiss the federal case, calling it a "classic example of bad faith litigation" and accusing the two plaintiffs, Gulsen Kama and Joshua Porter, of being ineffective and short-lived at the company.
▌Cypherpunk Holdings’ SOL holdings increased to 630,000
Cypherpunk Holdings has significantly increased its holdings of Solana tokens, with the Toronto, Canada-based publicly traded investment firm now holding more than 63,000 SOL tokens worth nearly $14 million in its wallet, according to a statement on Tuesday, up from 6,131 SOL last month.
In addition to purchasing SOL, the company announced that it will run its own Solana validator and stake 49,917 tokens (worth about $11 million) using its own Solana nodes, accounting for the majority of its token holdings. It is also implementing a SOL options trading strategy.
Last month, the company disclosed that it had begun investing in Solana, purchasing about $1 million worth of Solana at an average price of $163.11 per coin. Around the same time, Cypherpunk sold nearly $1 million worth of shares in Hong Kong-based metaverse company Animoca Brands, its second-largest holding.
BTC breaks through $65,000
The market shows that BTC has broken through $65,000 and is now trading at $65,006.87, with a daily increase of 0.61%. The market is volatile, so please do a good job of risk control.
Important economic developments
▌Trump: The Fed should avoid cutting interest rates before the November election
Former US President Trump gave a 90-minute interview to Business Week, covering a wide range of topics, including the US economy and his second presidential agenda if re-elected. On the policy rate, he warned that the Fed should avoid cutting rates before the November election to prevent boosting Biden. On tax cuts, Trump hopes to reduce the corporate tax rate from the current 21% to as low as 15%. However, if this goal proves too difficult to achieve, he will be satisfied with a reduction to 20%. When it comes to presidential pardons, Trump insisted that he would not pardon himself if he was convicted of a federal crime in the pending case against him. And there are no plans to ban TikTok. Trump said we will achieve a soft landing; "Trumponomics" is equivalent to "low interest rates and taxes."
▌The probability of the Federal Reserve keeping interest rates unchanged in August is 92.2%
According to CME's "Fed Watch": the probability of the Fed keeping interest rates unchanged in August is 92.2%, and the probability of a 25 basis point rate cut is 7.8%. The probability of the Fed keeping interest rates unchanged in September is 0.0%, the probability of a cumulative 25 basis point rate cut is 90.4%, the probability of a cumulative 50 basis point rate cut is 9.4%, and the probability of a cumulative 75 basis point rate cut is 0.2%.
▌Federal Reserve Board member Kugler: If the unemployment rate continues to rise, it would be appropriate for the Fed to cut interest rates in advance
Fed Governor Kugler said that the rebalancing of the job market means that inflation will fall to 2%; if inflation data fails to boost confidence, the Fed may remain on hold for a longer period of time; if the unemployment rate continues to rise, it would be appropriate for the Fed to cut interest rates in advance; reiterated the position that "it would be appropriate to cut interest rates later in 2024"; the risks facing inflation and employment are now more balanced; inflation has continued to decline, but is still above the target; data released by non-government departments provide another perspective for the overall economy. In addition, Kugler said that he is cautiously optimistic that US inflation will make progress toward 2%; the Fed does not want the labor market to cool too much.
▌The three major U.S. stock indexes closed higher, with the Dow Jones and S&P 500 hitting record closing highs
The three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average up 1.85%, the S&P 500 up 0.64%, and the Nasdaq up 0.2%. The Dow Jones Industrial Average and the S&P 500 both hit record closing highs. Most large technology stocks fell, with Nvidia, Google, and Meta falling more than 1%, and Netflix and Microsoft falling slightly; Tesla rose more than 1%, and Apple and Amazon rose slightly. Apple continued to hit a record closing high.
Golden Encyclopedia
▌What is an infinite coin minting attack?
An infinite minting attack is when an attacker manipulates the contract code to continuously mint new tokens beyond the authorized supply limit. This hack is most common in decentralized finance (DeFi) protocols. This attack compromises the integrity and value of a cryptocurrency or token by creating an unlimited number of tokens.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
