New FUD from Bloomberg, Telegram to Outpace Solana, and Massive Windows OS Failure – Recap of the Week.

💸 Cryptocurrencies

📍 The Cboe Exchange announced the listing of the ETH ETF on July 23. Ethereum is trading at $3,500 and awaiting its moment of truth.

In the long term, the launch of the ETF will positively impact the price of Ethereum, but on the day trading starts, much will depend on the level of demand 🪙

📍 The German government earned $2.88 billion from selling 49,858 BTC. Only the lazy haven't criticized them for the potential gains lost if the bull market continues.

And Bloomberg promptly introduced new FUD: the UK might sell $5 billion worth of Bitcoins 🙄

📍 Telegram will open a mini-app store this month and launch an integrated Web3 browser. Solana now has a serious competitor in the meme token mania space.

Pixelverse listed a week before the airdrop to users so the team could comfortably secure the necessary funds. Let's hope this doesn’t become the new norm 😎

💵 Finance

📍 A massive Windows OS failure caused issues for airlines and banks worldwide. Thousands of people missed their flights, and bankers got an unexpected day off.

It wasn’t a disaster, but what if this is a harbinger of future problems due to widespread digitalization 🤖

📍 Jerome Powell won't wait for inflation to drop to 2% before starting to ease monetary policy.

Despite the S&P 500 correction at the end of the week, the stock market expects the Fed to start cutting rates in September 😇

📍 In Q2 2024, China's GDP grew by only 4.7%. The result is good, but the forecast was 5.1%, and to meet the Communist Party’s plan, it needs to be 5.5%.

The Chinese authorities are not yet ready to devalue the yuan; they are just pumping more money into the system 😉