Overview of Important Midday Developments on July 25

7:00-12:00 Keywords: Layer3, LayerZero, onchain, Biden

1. Layer3 has launched an airdrop query page;

2. "Fed's third-in-command": The Fed should cut interest rates immediately;

3. LayerZero has completed the distribution of the witch bounty hunter rewards;

4. Google searches for the term "onchain" have reached an all-time high;

5. The US spot Ethereum ETF saw a net outflow of $133.3 million yesterday;

6. Vitalik: The ultimate determinant of cryptocurrency success is the practical application of the technology;

7. a16z founder: The Biden administration's regulatory approach to cryptocurrency is stifling innovation and growth in the industry;

8. SkyBridge Capital founder: Harris is open to cryptocurrency and will take a more moderate approach to it.