Rhythm Morning News|A list of important news from last night and this morning on July 29
CME Fed Watch: The probability of the Fed keeping interest rates unchanged in August is 95.9%
BlockBeats news, on July 29, according to CME "Fed Watch": The probability of the Fed keeping interest rates unchanged in August is 95.9%, and the probability of a 25 basis point rate cut is 4.1%.
The probability of the Fed keeping interest rates unchanged by September is 0%, the probability of a cumulative 25 basis point rate cut is 85.8%, the probability of a cumulative 50 basis point rate cut is 13.8%, and the probability of a cumulative 75 basis point rate cut 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 according to historical data analysis, Bitcoin's return rate flattened in August and declined in September. However, positive factors in US interest rate policy, falling interest rates and the election calendar may buffer any downward pressure from the unlocking of $1 billion in tokens in August. Bitcoin's dominance is creating new highs in this cycle and has a significant impact.
It believes that Bitcoin is expected to eventually break through new highs, but Bitcoin may need "macro" help. The Fed'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 them money
BlockBeats news, on July 28, BitMEX co-founder Arthur Hayes posted on X, "Don't be stupid, let these bloodsuckers do something positive for crypto, and then consider giving them money." Then attached a letter from internal Democratic Party officials to Jaime Harrison, chairman of the Democratic National Committee, 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 ensuring victory in 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.”
Hong Kong SAR Legislative Council Member Wu Jiezhuang: In the future, under compliance, consider including Bitcoin in the strategic fiscal reserve
BlockBeats news, 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, consider including Bitcoin in the strategic fiscal reserve of a country or region. I believe that the SAR government will open the market responsibly and step by step.
US Senators to propose "U.S. Treasury to purchase 1 million bitcoins in 5 years"
BlockBeats news, July 28, according to The Block, 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) in five years.
She said the move was to offset the impact of the depreciation of the U.S. dollar. "Bitcoin is a good means of preserving value. Over the past four years or so, it has grown by about 55% per year. During the same period, the dollar depreciated and we saw rising inflation." The senator added: "So I think there is value in having a hard asset that supports the dollar and whose value is growing rather than falling."
Trump: The United States will not sell any Bitcoin after being elected, and will keep it as a strategic reserve
BlockBeats news, on July 28, Trump said in a speech at the Bitcoin 2024 Conference that after his election, the United States will not sell (100% retained) any Bitcoin, which will serve as the basis for strategic Bitcoin reserves.
Trump: Bitcoin poses no threat to the US dollar
BlockBeats news, on July 28, Trump said in a speech 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 the law, Trump has always emphasized the threat posed by Bitcoin to the US dollar in the past. In 2019, he tweeted as president 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 the first day of my presidency
BlockBeats reported that on July 28, Trump said in a speech at the Bitcoin 2024 conference that he would fire the current SEC Chairman Gray Gensler on the first day of his presidency. (Received 20 seconds of cheers from the audience)
This week’s unlocking data at a glance: 600 million W will be unlocked on August 3, and OP, SUI, and ZETA will also have a one-time large unlock
BlockBeats news, on July 29, according to Token Unlocks data, this week W, OP, SUI, ZETA and other tokens will have a one-time large unlock, with a total unlocked token value of US$348 million, of which 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 a.m. Beijing time on July 31, accounting for 1.75% of the current circulating supply, with a value of approximately US$585 million. OP will unlock approximately 31.34 million tokens at 8:00 a.m. Beijing time on July 31, accounting for 1.79% of the current circulation, with a value of approximately 54.85 million U.S. dollars; OP will unlock approximately 31.34 million tokens at 8:00 a.m. Beijing time on July 31, accounting for 1.79% of the current circulation, with a value of approximately 54.85 million U.S. dollars;
· 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 am 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 am 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 am Beijing time on August 1, accounting for 18.92% of the current circulation, with a value of approximately US$34.58 10,000 US dollars;
· GAL will unlock about 4.17 million tokens at 8:00 am Beijing time on August 2, accounting for 3.52% of the current circulation, worth about 13.1 million US dollars;
· W will unlock about 600 million tokens at 19:30 Beijing time on August 3, accounting for 33.33% of the current circulation, worth about 180 million US dollars;
· ENA will unlock about 14.89 million tokens at 15:00 Beijing time on August 4, accounting for 0.87% of the current circulation, worth about 7.01 million US dollars;
Solana chain Meme coin NEIRO Official account frozen due to violation
BlockBeats news, on July 29, according to the X platform information, the official X account of the Solana chain Meme coin NEIRO was frozen due to violation.
Compound's new grant proposal was accused of suspected governance attacks, and the beneficiary hoarded COMP on the open market to facilitate the proposal
BlockBeats news, on July 29, according to The Block, the DeFi lending protocol Compound's recently passed proposal 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 one year. The proposal was barely passed on Sunday with 682,191 votes to 633,636 votes. Voting on the proposal began at 11:40 p.m. on Thursday and lasted throughout the weekend.
Michael Lewellen, OpenZeppelin security solutions architect and Compound Finance security consultant, 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 such as 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
BlockBeats news, on July 28, according to official news, the decentralized trading platform HelloDex announced on X: The profits earned by on-chain DEX from handling 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 handling fees and daily active profits to users. Governance token pre-sale is currently underway.
Neiro developers deny making $5.7 million in profit: "These addresses belong to my friends"
BlockBeats news, on July 28, according to Bubblemaps' analysis on the X platform, the developers of the meme coin Neiro on the Solana chain have currently made a profit of $5.7 million, with an unrealized profit of $4 million, and still hold 6% of the supply of Neiro.
Neiro developer replied under 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 announced that it will cooperate with JD Coinlink on the "Sandbox" for stablecoin issuers
BlockBeats news, 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 legal currency stablecoins in Hong Kong, and participants can also test the feasibility of the expected 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%.
Merlin Chain will complete the snapshot of the "Fourth Largest Ordinal" whitelist activity in advance at 20:00 on the 28th
BlockBeats news, on July 28, Merlin Chain, together with Ordzaar and OrdinSwap, launched the "Fourth Largest Ordinal" whitelist activity, 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.)
Re-staking protocol Renzo: Season 2 snapshot completed on July 26
BlockBeats news, July 28, according to official news, the re-staking protocol Renzo announced that the Season 2 snapshot was completed on July 26.
Renzo's team is currently calculating enhancement effects, marking Sybils and conducting data analysis.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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