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A buy order in the secondary market may not necessarily indicate conviction; it is more likely a result of chip rotation driven by short-term speculation.
Share link:In this post: Trump may announce his Fed chair pick by September or October, months before Powell’s term ends. The dollar dropped against major currencies after news of the early announcement broke. Kevin Warsh, Larry Bessent, and David Malpass are among the possible replacements.
Share link:In this post: The Hong Kong Monetary Authority spent HK$9.4 billion to defend the dollar peg after the currency weakened past HK$7.85. This is the second intervention in two months and will raise interbank lending rates by draining liquidity. The move targets carry trades by making it more expensive to short the Hong Kong dollar.
Share link:In this post: Treasury extends emergency debt limit tools through July 2025. Court rulings on Trump tariffs could accelerate the default timeline. Treasury signals possible end to revenge tax as global talks progress.
Share link:In this post: U.S. SEC Commissioner Hester Peirce claimed that in-kind creations and redemptions for crypto ETFs were “definitely coming at some point.” She explained that this approach would allow ETF issuers to deliver and redeem fund shares using crypto assets directly, rather than cash, thereby reducing costs. The U.S. SEC mandated a “cash redemption” model when the initial wave of spot Bitcoin ETFs received approval in January 2024.
Share link:In this post: Reddit says human posts make it different from AI-filled websites. CEO Steve Huffman plans to block bots and fake content. The platform adds new tools to help brands and real users connect.
Pi Network faces volatility before Pi2Day, with a drop to $0.56. If the $0.57 resistance holds, a potential rally could push it toward $0.64, but uncertainty remains.
- 03:49Trader Unipcs earns $4 million through USELESS, fully recouping previous lossesAccording to a report by Jinse Finance, Lookonchain monitoring shows that as the token $USELESS reached a new all-time high, Unipcs has made a profit of $4 million on $USELESS, fully recovering all previous losses. Meanwhile, a new wallet has been created, and 608,000 $USDC was withdrawn from an exchange to purchase 4 million $USELESS tokens.
- 03:42Economist Peter Schiff: Selling Dollars to Buy Bitcoin Will Put Additional Pressure on the DollarAccording to Jinse Finance, economist Peter Schiff tweeted that Trump, in order to cater to his donors and promote his family business, claimed that Bitcoin "eases the pressure on the dollar and is beneficial to the country." However, selling dollars to buy Bitcoin would put additional pressure on the dollar. Moreover, wasting resources on Bitcoin is harmful to the country.
- 03:42CME FedWatch: Probability of a 25 basis point rate cut in July is 18.6%, probability of holding steady is 81.4%According to ChainCatcher, CME "FedWatch" data shows there is an 18.6% probability of a 25 basis point rate cut in July, and an 81.4% probability that rates will remain unchanged. The probability that the Federal Reserve will keep rates unchanged through September is 8.6%, with a 74.8% chance of a cumulative 25 basis point rate cut, and a 16.6% chance of a cumulative 50 basis point rate cut. The next two FOMC meetings are scheduled for July 30 and September 17.