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Share link:In this post: Santiment has stated that the increase in social media chatter surrounding the Fed and interest rates could pose risks to digital assets. More than 75% of market participants are predicting a rate cut in September after Powell’s speech. Analysts are divided over the short and long-term effects on digital assets if a rate cut happens in September.
Share link:In this post: LayerZero announced its acquisition of Stargate Finance in a $120 million deal. The deal will bring Stargate under LayerZero’s ecosystem, with ZRO becoming the sole token. ZRO and STG are down today despite the deal, as holders hope for a resurgence.
Share link:In this post: Emerging markets are projected to outperform developed economies due to looser U.S. monetary policy, tighter fiscal control in EMs, and increasing investor flows. Fed rate cut expectations are boosting EM appeal, with funds like iShares Core MSCI EM ETF attracting billions since April. Strong fundamentals support EM assets, including lower inflation surprises, attractive equity valuations, and selective currency strength like the Brazilian real.
- 12:07SlowMist Cosine: The vast majority of cryptocurrency users do not need to worry about their weak random private keys or mnemonic phrases being cracked.Jinse Finance reported that regarding the mysterious transfer of 120,000 bitcoins by the "Prince Group," SlowMist founder Cosine stated on Twitter that the vast majority of cryptocurrency users do not need to worry about their weak random private keys or mnemonic phrases being cracked. Currently, mainstream open-source wallets have very low risks in this regard. If an organization or institution possesses a 0day vulnerability in the relevant algorithms, then everything would be "destroyed."
- 11:42Nasdaq-listed company Caliber invests $2 million to increase its holdings of LINK tokensJinse Finance reported that Nasdaq-listed company Caliber has announced an additional investment of $2 million to acquire approximately 94,903 LINK tokens, further strengthening its digital asset treasury strategy. As of now, the company's total LINK holdings have reached 562,535 tokens, valued at approximately $10.1 million.
- 11:25Milan: Interest rates should be cut by 50 basis points, but will actually be cut by 25 basis points.According to Golden Ten Data, ChainCatcher reported that Federal Reserve Governor Milan stated that the Federal Reserve should cut interest rates by 50 basis points, but it is expected that the actual cut will be 25 basis points.