News on July 16
• Cantor Fitzgerald is about to "close a deal" for 30,000 Bitcoin from Adam Back: Cantor Fitzgerald, a global financial company, is negotiating to purchase 30,000 Bitcoin from Adam Back, a renowned Bitcoin developer.
• pump.fun transfers 30 million USD SOL to buyback wallet, PUMP price rises 20%: pump.fun, a platform launching new tokens, has transferred 30 million USD SOL to the buyback wallet, causing the price of the PUMP token to increase by 20%.
• US House delays voting on bills during "Crypto Week": The US House has postponed voting on crypto-related bills, including the CLARITY Act and the Anti-CBDC Surveillance Act, despite support from former President Trump.
• US inflation in June rises to 2.7%, reinforcing expectations that the Fed will soon lower interest rates: US inflation in June has risen to 2.7%, leading investors to expect that the Federal Reserve (Fed) will soon lower interest rates.
• HashKey Exchange partners with (unaffiliated), forming a crypto alliance between Hong Kong and the Philippines: HashKey Exchange, a crypto exchange in Hong Kong, has partnered with (unaffiliated), a fintech company in the Philippines, to form a crypto alliance between the two countries.
