Morning News Update #Web3

📉 Traders are increasing bets on a Fed rate cut in September as macro signals soften.

🚫 Multiple crypto KOLs and project X accounts have been suspended unexpectedly — reason still unclear.

🏦 #Plasma to reopen $500M in deposit capacity, raising total cap to $1B.

📜 U.S. Senate passes the #GENIUS , marking major progress in crypto legislation.

💼 Payments giant #Stripe acquires crypto wallet provider #Privy — deepening its Web3