$WCT

🪙 Bitcoin Trims Around $107K–$108K Following Uncertainty at the Fed:

• Bitcoin (BTC) is maintaining a steady price near $107,800, having previously touched $108,300 highs.

• Market mood is subdued in anticipation of the July FOMC, where rate-cut expectations have dulled slightly.

• Traders are waiting for U.S. PCE inflation figures next week, which can determine Fed policy and BTC's direction.

🇪🇺 European Central Bank (ECB) Forecasts Further Rate Cuts:

• The ECB has signaled more rate cuts in Q3, supporting crypto prices in the Eurozone.

• Ethereum (ETH) gained 2.1%, trading above $6,050, as better macro sentiment lifts prices.

⚖️ U.S. Court Approves Ripple's $10M Settlement with SEC:

• Ripple Labs and the SEC have agreed on a $10 million settlement, settling a multi-year lawsuit.

• XRP jumped almost 9%, now trading at $0.89, as the legal clarity enhances investor trust.

🇭🇰 Hong Kong Issues Spot Bitcoin and Ether ETF Licenses:

• The Hong Kong Securities and Futures Commission greenlit 4 new ETFs, including spot BTC and ETH ETFs.

• Increases institutional crypto exposure in Asia and spurs speculation of capital flows.

🔒 MetaMask Introduces Layer-2 Cross-Chain Swaps:

• MetaMask introduces native Layer-2 token swaps between networks such as Arbitrum, Optimism, and zkSync.

• This significant wallet update saves on gas and adds flexibility for DeFi users.

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