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Quick Take Rap superstar Drake’s X account was seemingly hacked and used to promote a Solana memecoin based on the rapper’ cartoon “alter ego” to his more than 39 million followers on Saturday night. The memecoin saw $5 million worth of trading volume before traders surmised the posts, which were later taken down, were fake. Several high-profile X accounts have been exploited in a similar manner in recent weeks.
BlackRock has no immediate plans to launch an XRP ETF, according to Jay Jacobs, the firm’s Head of ETF Department. The firm is focusing on expanding the reach of its Bitcoin and Ethereum ETFs. XRP ETF approval may be delayed, with the SEC’s response timeline stretching to the end of 2025.
- 22:48American Federation of Teachers to Collaborate with Microsoft, OpenAI, and Anthropic to Establish National AI Teaching InstituteAccording to Jinse Finance, the American Federation of Teachers will collaborate with Microsoft (MSFT.O), OpenAI, Anthropic, and the United Federation of Teachers to establish the National AI Teaching Academy.
- 22:37US Sanctions North Korean IT Workers for Aiding Cyber Espionage and Cryptocurrency TheftAccording to a report by Jinse Finance, the U.S. Department of the Treasury has added Song Kum Hyok, a member of the North Korean hacker organization, to the Specially Designated Nationals (SDN) sanctions list. He is accused of assisting North Korean IT personnel in securing positions at overseas companies, engaging in cyber espionage, and stealing cryptocurrency. Officials stated that these IT personnel obtained jobs in the technology and virtual currency sectors by forging identities, then remitted their earnings and stolen funds back to North Korea. Although no new specific crypto wallet addresses were added this time, the Treasury reiterated that the Lazarus Group has already been sanctioned.
- 22:23There is a 95.3% probability that the Federal Reserve will keep interest rates unchanged in JulyAccording to CME "FedWatch" reported by Jinse Finance: there is a 95.3% probability that the Federal Reserve will keep interest rates unchanged in July, and a 4.7% probability of a 25 basis point rate cut. For September, the probability of rates remaining unchanged is 34.2%, the probability of a cumulative 25 basis point rate cut is 62.8%, and the probability of a cumulative 50 basis point rate cut is 3%.