Trump will launch new NFTs, and the situation of billionaires standing in the US election is clear

Headline

▌Trump plans to launch fourth NFT series

Bloomberg Businessweek published an interview with former President Donald Trump on Tuesday, saying that Trump plans to launch a fourth NFT series. In the interview, Trump said that his previous series was "very successful" and sold out in one day: "The whole series sold out: 45,000 cards. I did it three times, and I'm going to do it again because people want me to do it again. The spirit is incredible. It's beautiful".  

It is reported that Trump had announced the idea of ​​issuing a fourth NFT series at a party held for his NFT holders at Mar-a-Lago in May this year, but he did not express his position at the time. He said: "I believe in supply and demand. As everyone knows, one is good, two is good, and three is also good. At some point, there may be a turning point.

▌The US presidential election is heating up, and the situation of billionaires standing in line is clear

Although a series of unprecedented events have occurred in this year's US presidential election, What remains unchanged is that donations are still pouring into the campaign team's coffers. Since the failed assassination attempt last Saturday, Trump has made a lot of money, and billionaire Musk has pledged to donate $45 million a month to a super PAC. The committee mainly provides funds for Trump's campaign in swing states. Although Biden's disastrous performance in the first general election debate triggered calls for a "change of people", his campaign team and the Democratic Party raised a total of $38 million from the day of the debate to the end of June. Major Democratic donors have also expressed their support for him with real money. George Soros donated $5 million to the main super PAC supporting Biden the day after the debate. Former Google CEO Eric Schmidt and real estate developer Herbert Simon have made six-figure donations to Biden's campaign and the Democratic Party in recent weeks. But others, such as Netflix's Reed Hastings, have said they will withhold the funds unless the Democratic Party launches other candidates.

Market

As of press time, according to Coingecko data:

BTC recently traded at $65148.17, with a daily increase or decrease of +0.4%;

ETH recently traded at $3443.94, with a daily increase or decrease of -1.3%;

BNB recently traded at $546.43, with a daily increase or decrease of -1.8%；

SOL's latest transaction price is 160.64 US dollars, and its intraday increase or decrease is +0.6%；

DOGE's latest transaction price is 0.125 US dollars, and its intraday increase or decrease is -0.2%；

XPR's latest transaction price is 0.5793 US dollars, and its intraday increase or decrease is +7.7%。

Policy

▌FTX and CFTC Agree to $12.7 Billion Settlement

Bankrupt cryptocurrency exchange FTX and the U.S. Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, which is currently awaiting approval from a Delaware judge. As part of the settlement, the CFTC agreed that it would not collect any compensation as long as FTX complies with the reorganization plan. As a result, FTX will pay up to $12.7 billion in compensation to creditors, depending on available funds. A hearing on the settlement motion will be held on August 6.

▌US Senator and Bitcoin Skeptic Robert Menendez is officially convicted

US Senator and Bitcoin Skeptic Robert Menendez is officially convicted of accepting bribes in gold and cash. In 2017, he claimed that Bitcoin is "ideal for criminals."

Blockchain Applications

▌Ava Protocol has launched its mainnet on Ethereum

Ava Protocol (formerly OAK Network) has launched its mainnet on Ethereum. The team said this will enable developers to integrate event-driven super transactions without custom code, simplify complex on-chain operations, provide advanced functions beyond the Ethereum virtual machine, and support automated tasks such as payments and dynamic NFT casting. According to previous news, Ava Protocol has completed a $10 million seed round of financing, with investors including Electric Capital, Taisu Ventures and Polygon founder Sandeep Nailwal.

▌SEND launches Blinks browser "onlyblinks"

Solana Blinks Ecosystem Meme Project SEND announced the launch of the Blinks browser "onlyblinks" on X, including features such as the ability to explore and use all Solana blinks in the same place.

Cryptocurrency

▌In the past 24 hours, the entire network has exploded $224 million, mainly short orders

Data shows that in the past 24 hours, the entire network has exploded $224 million, of which long orders exploded $95.0074 million and short orders exploded $129 million, mainly short orders. Among them, BTC exploded $72.4834 million and ETH exploded $40.3122 million.

▌Blast drops 'L2' from X usernames, cuts withdrawal times from 14 to 7 days

The Ethereum layer 2 Blast network has cut its withdrawal times in half, from 14 days to 7 days, according to an X post from the network's development team on July 16. The network previously required longer withdrawal times "in order to provide a buffer for Lido withdrawals." The team claims that this longer wait time is no longer necessary. The team posted the news via a new X account, @blast, which replaced the previously used @blast_l2 account. The previous account announced the existence of the new account in its profile.

▌Detained Binance Executive Tigran Gambaryan Arrives in Court Due to Deteriorating Health

Detained US Binance executive Tigran Gambaryan had to be wheeled into a court in Abuja, Nigeria today because of a herniated disc in his back that left him in severe pain and "barely able to walk," his family reported on Monday. 

Gambaryan's health has continued to deteriorate since he was detained in Nigeria in February. Initially, Gambaryan was under house arrest, but later after his colleague escaped from prison, he was transferred to the notoriously dangerous Kuje prison, which houses violent criminals including members of the Boko Haram terrorist group.

▌Mining company Northern Data decides to dismiss whistleblower lawsuit from former employees

European bitcoin mining company Northern Data is fighting back against a whistleblower lawsuit filed by two former executives of the company, who claim they were wrongly fired for expressing concerns about the company's financial situation and accusing the company of tax evasion. On Monday evening, Northern Data's lawyers filed a motion to dismiss the federal case, calling it a "classic example of malicious litigation" and accusing the two plaintiffs, Gulsen Kama and Joshua Porter, of having a short tenure at the company and being inefficient.

▌Cypherpunk Holdings' SOL holdings increased to 630,000

Cypherpunk Holdings has significantly increased its holdings of Solana tokens, with the number of SOL tokens in the wallet of the Toronto, Canada-based listed investment company exceeding 63,000, worth nearly $14 million, up from 6,131 SOL last month, according to a statement on Tuesday.  

In addition to purchasing SOL, the company also announced that it will run its own Solana validator and stake 49,917 tokens (worth about $11 million) using its own Solana node, accounting for the majority of its holdings. It is also implementing a SOL options trading strategy.  

Last month, the company disclosed that it had begun investing in Solana, purchasing about $1 million worth of Solana at an average price of $163.11 per token. Around the same time, Cypherpunk sold nearly $1 million worth of stock in Hong Kong-based metaverse company Animoca Brands, its second-largest holding.

▌BTC breaks through $65,000

The market shows that BTC has broken through $65,000 and is now at $65,006.87, with a daily increase of 0.61%. The market is volatile, so please do a good job of risk control.

Important Economic Dynamics

▌Trump: The Fed should avoid cutting interest rates before the November election

Former US President Trump accepted a 90-minute interview with Business Weekly, covering a wide range of topics including the US economy and his second presidential agenda if re-elected. On the policy rate, he warned that the Fed should avoid cutting rates before the November election to prevent giving Biden a boost. On tax cuts, Trump wants to cut the corporate tax rate from the current 21% to as low as 15%. However, if this goal proves too difficult to achieve, he will be content with a reduction to 20%. When it comes to presidential pardons, Trump insisted that he would not pardon himself if he was convicted of federal crimes in the pending cases against him. And there are no longer plans to ban TikTok. Trump said we will achieve a soft landing; "Trumponomics" is equivalent to "low interest rates and taxes."

▌The probability of the Fed keeping interest rates unchanged in August is 92.2%

According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in August is 92.2%, and the probability of a 25 basis point rate cut is 7.8%. The probability that the Fed will keep interest rates unchanged by September is 0.0%, the probability of a cumulative 25 basis point rate cut is 90.4%, the probability of a cumulative 50 basis point rate cut is 9.4%, and the probability of a cumulative 75 basis point rate cut is 0.2%.

▌Federal Reserve Board Member Kugler: If the unemployment rate continues to rise, it would be appropriate for the Fed to cut interest rates in advance

Federal Reserve Board Member Kugler said that rebalancing the job market means that inflation will fall to 2%; if inflation data fails to boost confidence, it may remain on hold for a longer period of time; if the unemployment rate continues to rise, it would be appropriate for the Fed to cut interest rates in advance; reiterated the position that "it would be appropriate to cut interest rates later in 2024"; the risks facing inflation and employment are now more balanced; inflation has continued to decline, but is still above the target; data released by non-government departments provide another perspective for the overall economy. In addition, Kugler said that he is cautiously optimistic that US inflation will make progress toward 2%; the Federal Reserve does not want the labor market to cool too much.

▌The three major U.S. stock indexes closed up collectively, with the Dow Jones and S&P 500 indexes both hitting record closing highs

The three major U.S. stock indexes closed up collectively, with the Dow Jones up 1.85%, the S&P 500 up 0.64%, and the Nasdaq up 0.2%. Among them, the Dow Jones and S&P 500 indexes both hit record closing highs. Most large technology stocks fell, with Nvidia, Google, and Meta falling more than 1%, Netflix and Microsoft falling slightly; Tesla rose more than 1%, and Apple and Amazon rose slightly. Among them, Apple continued to hit a record closing high.

Golden Encyclopedia

▌What is an infinite coin attack?

An unlimited minting attack is when an attacker manipulates the contract code to continuously mint new tokens that exceed the authorized supply limit. This hacking behavior is most common in decentralized finance (DeFi) protocols. This attack damages the integrity and value of a cryptocurrency or token by creating an unlimited number of tokens.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to increase risk awareness.