1. Data shows that expectations for two interest rate cuts by the Federal Reserve this year are rising.
Odaily Planet Daily reports that after the release of PPI data, traders have fully digested the scenario of two interest rate cuts by the Federal Reserve this year. - Original
2. Coinbase partners with American Express to launch a Bitcoin cashback credit card.
3. Trump claims to be creating a clear market framework for cryptocurrency.
4. The US SEC delays approval of Grayscale Hedera ETF application.
The US SEC delays approval of Grayscale Hedera ETF. - Original
5. Polygon releases scaling roadmap, targeting 100,000 TPS.
According to an official announcement, the Ethereum scaling solution Polygon released the 'Gigagas' scaling roadmap, planning to increase network throughput to 100,000 TPS in three phases, becoming the core blockchain infrastructure for global payments and real-world asset (RWA) settlement. Short-term goal (by July 2025): Increase TPS from the current level to over 1000 through the Bhilai upgrade, reducing final transaction confirmation time to about 5 seconds; optimize the Gas fee mechanism to keep the cost of a single transaction below $0.001 (paid in POL); upgrade core components of the execution layer (Bor) and consensus layer (Heimdall) to support the latest Ethereum standards. Medium-term goal (by the end of 2025): Achieve 5000+ TPS through the Validator-Elected Block Producer model (development network has been tested successfully); integrate AggLayer cross-chain protocol to eliminate chain reorganization risks and achieve block finality. Long-term plan (post-2026): Promote the Gigagas upgrade to 100,000 TPS, supporting institutional-level RWA and global payment scenarios; expand the scale of validators to enhance decentralization, maintaining 99.9% network stability; deepen cooperation with traditional financial institutions such as Stripe, BlackRock, and Apollo. - Original
6. The Hong Kong Securities and Futures Commission plans to restrict misleading financial names, covering 'virtual assets.'
The Hong Kong Securities and Futures Commission recommends expanding the restricted name list under the Securities and Futures Ordinance and the Anti-Money Laundering Ordinance, covering terms such as 'trading platform' and 'virtual assets' to prevent unregulated entities from misleading the public, with the consultation period ending on August 11. - Original
7. GameStop plans to issue $2.25 billion in convertible senior notes.
Video game retailer GameStop (NYSE: GME) announced that it has priced its $2.25 billion principal amount of 0.00% convertible senior notes due 2032 in a private placement. The company also granted initial purchasers an option to purchase up to an additional $450 million principal amount of notes within 13 days of the initial issuance date. After deducting related expenses, GameStop expects the net proceeds from this issuance to be approximately $2.23 billion, and if the initial purchasers exercise their options, the net proceeds will be about $2.68 billion. The funds will be used for general corporate purposes, including investments and potential acquisitions. - Original
8. Tether acquires equity in a gold investment company, advancing its dual pillar strategy.
Tether stated that, in addition to holding over 100,000 BTC, it has also increased its investment in gold, viewing it as a 'dual pillar strategy.' - Original
The above is a selection of hot topics from the last 24 hours. For faster news, please download AiCoin (aicoin.com).
