1. U.S. CPI data is below expectations, with a 90.1% probability of the Federal Reserve cutting rates in September.
According to CME's 'FedWatch': The probability of the Federal Reserve maintaining interest rates in September is 9.9%, while the probability of a 25 basis point rate cut is 90.1%. The probability of the Fed maintaining interest rates in October is 3.0%, the cumulative probability of a 25 basis point rate cut is 33.6%, and the cumulative probability of a 50 basis point rate cut is 63.5%. - Original
2. The Trump administration expands the candidate list for Federal Reserve Chair, focusing on trust in financial markets.
The Trump administration is expanding the candidate pool to replace Federal Reserve Chair Powell next year, aiming to find someone who gains the trust of both the president and the financial markets. Potential candidates include Federal Reserve Vice Chair Philip Jefferson, Michelle Bowman, Dallas Fed President Lorie Logan, former St. Louis Fed President Jim Bullard, and macroeconomic advisor Mark Zandi, with the possibility of considering private sector individuals as well. - Original
3. The S&P 500 and Nasdaq reach new highs, with expectations of a Federal Reserve rate cut boosting the stock market.
4. Vietnam pilots a digital asset exchange, with blockchain as the core infrastructure.
The Vietnamese government announced that it will pilot a digital asset exchange at the international financial center. Three legal initiatives have laid the foundation for the digital asset sector, including the National Assembly's resolution to develop the financial center, the Ministry of Finance's proposal for the digital asset exchange pilot, and a new law clarifying the definition of asset categories. The Ministry of Finance is refining related pilot policies, which are expected to be submitted to the government in August, covering aspects such as issuance, trading, and management. Service agencies can independently choose listed assets, prioritizing those with high liquidity. The official emphasized that blockchain is the core infrastructure and will enhance cybersecurity and risk management. The central bank is researching the model for a national digital currency (CBDC). - Original
5. The Norwegian central bank's investment management agency indirectly holds 7,161 bitcoins, a record high.
The indirect bitcoin exposure of the Norwegian central bank's investment management agency (NBIM) has reached a historic high of 7,161 bitcoins. Whenever this largest sovereign wealth fund reveals its holdings, it indicates that bitcoin is gradually entering various diversified investment portfolios. - Original
6. Stripe appoints Matt Huang as the first CEO of its blockchain project, Tempo, strengthening its payment technology layout.
Payment giant Stripe will have Matt Huang, co-founder and managing partner of Paradigm, as the first CEO of its new blockchain project, Tempo. Huang will retain his position at Paradigm. Tempo is positioned as a high-performance Layer-1 blockchain focusing on the payment sector and supports Ethereum code compatibility. Recently, Stripe acquired stablecoin company Bridge and wallet service provider Privy to strengthen its stablecoin business technology stack. It remains unclear whether Tempo will issue its own token, and the specific launch date of the project has not been disclosed. Reports indicated that Stripe is collaborating with Paradigm to develop the Tempo blockchain. - Original
7. The SEC plans to integrate traditional and digital financial systems, with cryptocurrency regulatory frameworks becoming increasingly clear.
The U.S. Securities and Exchange Commission (SEC) recently released an important report attempting to integrate traditional finance with digital finance. The plan revolves around four core themes: establishing a regulatory framework for digital assets, integrating traditional and digital brokerage and custody services, unifying cryptocurrency and trading venue regulatory standards, and simplifying registration and licensing processes. The current announcement is merely a policy direction rather than final rules, which will require public discussion to ensure effective implementation. - Original
8. Kazakhstan launches Central Asia's first spot Bitcoin ETF, providing physical support.
The BETF fund, managed by BitGo, will provide a regulated, physically-backed Bitcoin investment channel for Central Asian investors through the Astana International Exchange. - Original
Above are the highlights from the past 24 hours. For faster news, please download AiCoin (aicoin.com).
