Headlines
▌Tesla’s Bitcoin holdings worth $640 million were not sold in the second quarter
< p>Tesla announced its second-quarter financial report, and its Bitcoin worth $640 million was not sold. In addition, Tesla did not give a timetable for the launch of Robotaxi in its financial report.
Previous news showed that Tesla’s second-quarter revenue was higher than expected, but its adjusted earnings per share fell short of expectations. Tesla’s second-quarter revenue was US$25.50 billion, compared with the same period last year. It was US$24.93 billion, analysts expected US$24.63 billion; second-quarter adjusted earnings per share was US$0.52, much lower than US$0.91 in the same period last year, and analysts expected US$0.60; second-quarter operating profit was US$1.61 billion, Analysts expected $1.81 billion; second-quarter gross margin was 18%, analysts expected 17.4%; second-quarter free cash flow was $1.34 billion, analysts expected $1.92 billion; sales growth is still expected to be significant in 2024 Decreased; production is expected to increase sequentially in the third fiscal quarter; the southern Texas Gigafactory expansion project is nearing completion; the electric semi-trailer Semi plant is on track to be put into production before the end of 2025; the production of the electric pickup Cybertruck is on track to be profitable by the end of 2024 above; the new model is on track to be put into production in the first half of 2025; Robotaxi will continue the "unboxed" manufacturing method.
▌The first-day trading volume of the US spot Ethereum ETF exceeded US$1 billion, and Grayscale ETHE accounted for about half
According to According to The Block data, the cumulative trading volume of the spot Ethereum ETF on the first day of listing on the US exchange exceeded US$1.019 billion. Grayscale Ethereum Spot ETF (ETHE) leads the way with $456 million, accounting for nearly half of the total trading volume. The trading volume of BlackRock Ethereum Spot ETF (ETHA) was US$240 million, accounting for 24%, and the trading volume of Fidelity Ethereum Fund (FETH) was US$136 million, accounting for 13%.
Previously, the trading volume of the spot Bitcoin ETF on the first day was US$4.6 billion.
Quotes
As of press time, according to data from Coingecko:
The recent transaction price of BTC was US$65,945.88, with an intraday increase or decrease-2.4%;
The recent transaction price of ETH was US$3489.07, with an intraday increase or decrease+1.3% ;
BNB’s recent transaction price was US$582.74, with an intraday increase or decrease-1.5%;
SOL’s recent transaction price was US$172.87, with an intraday increase or decrease-3.5 %;
DOGE’s recent transaction price was US$0.1304, with intraday changes- 5.5%;
The recent transaction price of );">-1.4%.
Policy
▌The U.S. House of Representatives passed the "Fintech Protection Act" to target the illegal use of cryptocurrencies
Members of the U.S. House of Representatives voted to support legislation to establish a working group to study the illegal use of digital assets.
A majority of members of the House of Representatives approved the FinTech Protection Act by voice vote. The bill, introduced in April 2023 by Reps. Zach Nunn and Jim Himes, seeks to address "rogue nations and foreign countries" by having members of multiple federal agencies coordinate their efforts. “The question of how cryptocurrencies can be used to evade sanctions.
Representative Nunn said, "This bipartisan bill will help ensure that the United States is prepared to respond to security risks and prevent illegal money laundering, while protecting the consumer choice of all Americans. We must Do both at the same time to ensure the long-term integrity of digital assets.”
▌Coinbase requires the US SEC and Chairman Gensler to hand over documents related to its case< /strong>
In a court document filed on Tuesday, cryptocurrency exchange Coinbase filed a motion asking a New York court to order the SEC and Chairman Gary Gensler to hand over documents that Coinbase claims are at the heart of its lawsuit with the agency.
Coinbase said in the motion that several years before the SEC sued Coinbase, the agency’s commissioners and staff met with crypto market stakeholders, including Coinbase, and issued guidance on crypto regulation. public statements and guidance. Coinbase is asking the court to force the agency to produce certain documents related to the tokens in the SEC complaint, documents related to the SEC’s consideration of Coinbase’s decision to become a public company in April 2021, and personal and professional statements made by Gensler during his tenure with the SEC.
▌US Congressman: Taxing Bitcoin miners will be detrimental to the United States
United States Senator Cynthia Lummis said taxing Bitcoin miners would be bad for the United States. “The Biden administration’s dangerous plan to tax Bitcoin miners is a blatant attack on innovation.”
▌Harris leads with 44% support to Trump’s 42%
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According to a Reuters/Ipsos survey, Democratic presidential candidate Harris leads with 44% of registered voters, ahead of Republican candidate Trump with 42%, by 3 percentage points. within the error range. 56% of registered voters think Harris has a "clear mind"; while 49% of voters think Trump performed well.
Blockchain Application
▌Lightning Labs : The Lightning Network that supports multiple assets has been released on the main network
Lightning Labs issued a document on the X platform stating that Taproot Assets has been released on the Lightning Network. This is the first multi-asset on the main network. Lightning Network Protocol. With Taproot Assets, users can mint assets on Bitcoin and make instant, low-fee asset transfers over the Lightning Network.
Cryptocurrency
▌The first-day trading volume of the spot Ethereum ETF was only 23% of the first-day trading volume of the spot Bitcoin ETF. %
Bloomberg ETF analyst Eric Balchunas said on X that the first-day trading volume of the US spot Ethereum ETF was equivalent to 23% of the first-day trading volume of the spot Bitcoin ETF, while Bei The transaction volume of Ryder ETHA reaches 25% of the transaction volume of IBIT.
▌Galaxy Research Director: At least seven current U.S. senators will participate in the Bitcoin Conference this week
Golden Finance reported that according to Alex Thorn, research director of crypto asset management company Galaxy Digital, at least seven current U.S. senators will attend the Bitcoin Conference in Nashville this week (this is just my personal knowledge) of).
▌The majority party in the U.S. House of Representatives Whip Emmer: Digital assets and artificial intelligence may establish a "symbiotic relationship" in the future
U.S. House Majority Whip Tom Emmer said at a hearing of the House Financial Services Committee on Tuesday that with the As technology continues to mature, digital assets and artificial intelligence may form a "symbiotic relationship" in the future.
Emmer said, “In my opinion, the connection between artificial intelligence and digital assets is inevitable. I believe that the integration of blockchain and artificial intelligence can not only improve the credibility of data , and the decentralization of AI data can alleviate the single point of failure security problem. In addition, because AI systems communicate with each other and need to trade with each other to obtain information, digital assets and AI can establish this symbiotic relationship."
▌Bitcoin 2024 CEO is in talks with the Harris campaign, hoping she will speak at the conference
Bitcoin 2024 CEO David Bailey is in talks with Kamala Harris The campaign team is negotiating with her to speak at the convention. The Harris campaign is making a decision today.
Important Economic Updates
▌The probability that the Federal Reserve will keep interest rates unchanged in August is 97.4%
According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged in August is 97.4%, and the probability of cutting interest rates by 25 basis points is 2.6%. The probability that the Fed will keep interest rates unchanged until September is 3.9%, the probability of a cumulative 25 basis point interest rate cut is 93.6%, and the probability of a cumulative 50 basis point interest rate cut is 2.5%.
▌The two-year U.S. Treasury auction received record demand, underscoring the market’s belief that the Federal Reserve will start cutting interest rates this year< /p>
Investors are flocking to two-year Treasury notes issued by the U.S. Treasury, a sign of confidence that the Federal Reserve will begin cutting interest rates this year. The size of the placement of US$69 billion is in line with historical records, and the winning bid yield is reported at 4.434%, which is more than 2 basis points lower than the pre-issuance trading level when the bidding deadline at 1 p.m. Eastern Time. This is the lowest yield on a 2-year Treasury note since January. January issuance size was $60 billion. John Canavan, an analyst at Oxford Economics, said the market expects the Federal Reserve to lay the groundwork for a September interest rate cut next week, a prospect that "has maintained strong demand for short-term U.S. debt this month, which has continued into this afternoon's auction."
▌The three major U.S. stock indexes all closed slightly lower, with large technology stocks showing mixed gains
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All three major U.S. stock indexes closed slightly lower, with the S&P 500 falling 0.16%, the Dow falling 0.14%, and the Nasdaq falling 0.06%. Large technology stocks had mixed gains and losses, with Amazon rising by more than 2%, Meta, Google, Apple, and Microsoft rising slightly; Tesla falling by more than 2%, Intel falling by more than 1%, and Nvidia and Netflix falling slightly. UPS fell about 12%, setting a record for a single day.
Golden Encyclopedia
▌What is liquidity staking?
Liquid staking allows stakers to maintain the liquidity of their staked tokens by using alternative tokens, which they can use to earn additional income through DeFi protocols. Liquidity staking enables cryptocurrency holders to participate in staking without giving up control of their holdings. This changes the way users perform staking. Projects such as Lido have introduced liquidity staking, providing tokenization of pledged assets in the form of tokens and derivatives.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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