U.S. Federal Reserve Chairman Powell stated that the Fed will not wait for inflation to fall to 2% before starting to cut interest rates. The Fed needs more evidence of declining inflation to ensure the correctness of policy adjustments. The recent slowdown in inflation and overall economic activity aligns with the Fed’s expectations.

The net inflow into spot BTC-ETFs was +$300.9 million, compared to +$310.1 million the day before.

VanEck believes that inflows into spot BTC-ETFs will increase as the presidential elections approach, because cryptocurrency has become an important factor in gaining additional votes.

BlackRock, Franklin Templeton, and VanEck received…Read More

Japanese Government May Have Intervened in Forex Market for Two Consecutive Days, Totaling 5 Trillion Yen

It was learned on the 16th that on the 12th, amidst a sharp rise in the yen’s exchange rate, the Japanese government and the Bank of Japan possibly intervened in the forex market by buying yen and selling dollars, with an estimated…Read More

Vitalik: There is an imbalance in infrastructure investment, with some areas overinvesting and others underinvesting

On July 16, Vitalik Buterin posted on the Warpcast platform that “the view on “overinvestment in infrastructure” is that some types of infrastructure are overinvested and others are underinvested. The current reality is that…Read More

Debates took place between Joe Biden and Donald Trump, with 67% of those surveyed voting that Trump won the debate.

But ChatGPT thinks otherwise. The liberal AI names the self-propelled grandpa as the winner.

Meanwhile, Elon Musk’s Grok says that, in reality, the internet won by gaining a ton of memes.