Today's news tips:
1. Next week's macro outlook: Fed decision + non-farm "super week" is coming
2. "Economic Daily": Many places have issued risk warnings to guard against scams disguised as "stable coins"
3. CryptoQuant CEO: The 80,000 BTC transferred recently after 14 years of silence may come from the MyBitcoin hacker or its founder's wallet
4. Pudgy Penguins security director: Stay calm, we did not acquire OpenSea
5. Ethereum's 10th anniversary live broadcast will be held at 22:30 on July 30, and a limited-time free NFT will be launched
6. Binance: Verasity (VRA) has been launched on Binance Alpha, and the airdrop threshold is 200 points
7. The Ethereum PoS network exit queue has increased to 699,800, and withdrawals have been delayed for more than 12 days
8. An address suspected to be associated with DeFiance Capital bought 30,366 ETH in the past 28 hours, worth about $114 million
Regulation/Macro
Next week's macro outlook: Fed decision + non-agricultural "super week" is coming
This week, under the favorable catalysts such as the US-Japan trade agreement and the "American AI Plan", the S&P 500 index and the Nasdaq index continued to hit record highs. In terms of interest rate cut expectations, the White House continued to put pressure on Fed Chairman Powell. Trump urged Powell to cut interest rates in person, which was the first time a US president visited the Fed headquarters in nearly 20 years; US Treasury Secretary Bensont even planned to confirm the new Fed chairman candidate in advance by the end of the year. Looking ahead to next week, US stocks will usher in a heavyweight macro + earnings week, and the Federal Reserve will announce its interest rate decision next Thursday; in terms of tariffs, Trump's tariff deadline will come on August 1, and China and the United States will start a new round of economic and trade consultations for 4 days this Sunday.
1. Monday (July 28): China and the United States held economic and trade talks in Sweden (July 27-30), and the Dallas Fed Manufacturing Activity Index in July.
2. Tuesday (July 29): U.S. June wholesale inventory monthly rate preliminary value, U.S. July Conference Board consumer confidence index, U.S. June JOLTs job vacancies, the Federal Reserve began a two-day monetary policy meeting.
3. Wednesday (July 30): U.S. second quarter GDP series data, Federal Reserve interest rate decision and Powell press conference.
4. Thursday (July 31): China's official manufacturing PMI in July, Bank of Japan interest rate decision, U.S. Challenger company layoffs in July, U.S. June PCE price index annual rate, U.S. initial jobless claims in the week ending July 26.
5. Friday (August 1): The July 9 deadline originally set by Trump's tariffs was later extended to August 1, the implementation of the Hong Kong Stablecoin Ordinance, the U.S. July non-farm payrolls report, the eurozone July CPI data, and the U.S. July ISM manufacturing PMI.
According to The Washington Post and four government officials, the US Government Efficiency Department (DOGE) is using a new artificial intelligence tool to significantly cut federal regulations, with the goal of removing half of the regulatory requirements before the first anniversary of Trump's inauguration. The tool, called the "DOGE AI Deregulation Decision Tool," plans to analyze approximately 200,000 federal regulations to determine which ones can be eliminated. According to a presentation on July 1, the tool is expected to cut about 100,000 regulatory items. The report also stated that the tool will save the United States trillions of dollars by reducing compliance requirements, cutting the federal budget and freeing up "external investment." According to the report, the tool has successfully deleted more than 1,000 "regulatory clauses" from the Department of Housing and Urban Development in less than two weeks and completed "100% deregulation work" at the Consumer Financial Protection Bureau.
Economic Daily: Many places have issued risk warnings to prevent scams disguised as "stablecoins"
The Economic Daily published an article stating that since July, financial management departments and industry self-regulatory organizations in many places have successively issued risk warning notices. With the rise of the concept of stablecoins, some criminals have emerged with illegal activities under the guise of stablecoins, and their potential risks deserve high vigilance. Financial management departments and industry self-regulatory organizations in many places remind consumers that before investing and managing their finances, they must verify the legal qualifications of relevant institutions and products through the official channels of the national financial management department and choose licensed and formal financial institutions; fully understand the high complexity and volatility of digital currencies such as "stablecoins" and related innovative concepts, establish correct monetary concepts and rational investment concepts; consciously resist and stay away from any form of virtual currency speculation, illegal token issuance and unapproved "digital asset" investment projects, and effectively protect personal property safety.
Viewpoint
Ki Young Ju, founder and CEO of the on-chain analysis platform CryptoQuant, posted on the X platform that tracking the 80,000 BTC transferred recently after 14 years of silence found that these bitcoins may have originally come from MyBitcoin’s hosted wallets, which have been idle since April 2011 until MyBitcoin was hacked that year (it is reported that MyBitcoin suffered a bitcoin theft in August 2011 and subsequently declared bankruptcy). These wallets are likely to belong to the hackers who attacked the platform, or to the anonymous founder of MyBitcoin named Tom Williams. It seems that Galaxy Digital has purchased these bitcoins, but it is not sure whether they have done any forensic work.
According to CoinDesk, a Gallup poll found that only 14% of American adults own cryptocurrencies, 60% of respondents expressed no interest in buying, and only 4% planned to buy in the near future.
In addition, among American investors who hold more than $10,000 in stocks, bonds or mutual funds, 55% consider the asset class "very risky." Even among those who claim to understand cryptocurrency, most still consider it a risky investment. Among American investors, 64% consider the asset class "extremely risky," up from 60% in 2021. In addition, about one in seven Americans hold cryptocurrencies, while nearly six in ten Americans own stocks or real estate. Only 4% of adults believe cryptocurrency is the best long-term investment.
While a quarter of men aged 18 to 49 own cryptocurrency, ownership rates drop sharply among women and older adults, the survey shows. College graduates and high-income people have above-average participation, but older adults and low-income households remain largely absent from the space. Knowledge gaps also persist. Nearly all respondents have heard of cryptocurrency, but only 35% say they really understand how it works. Familiarity is highest among younger men and wealthy people.
Project Dynamics
Pudgy Penguins Security Director: Calm down, no acquisition of OpenSea
NFT project Pudgy Penguins Security Director Beau (@beausecurity) posted on the X platform: Calm down, no acquisition of OpenSea, the scale of the Penguin Project is so large that you don't need to speculate on a single acquisition. Instead, Pudgy Penguins is talking about cooperation with Lufthansa and NASCAR, and looking for the next great brand to develop together.
An independent miner mined block 907283 and received 3.173 BTC
According to Mempool data, an independent Bitcoin miner successfully mined block 907283 through the Solo CK mining pool (an independent mining service). The block contains 4,038 transactions and received a block reward of 3.154 Bitcoins.
The Ethereum Foundation tweeted that the Ethereum 10th Anniversary Celebration Live Broadcast will be held at 22:30 (UTC+8) on July 30. Ethereum founder Vitalik Buterin and core contributors such as Tim Beiko, Joseph Lubin, and Ethereum Foundation Executive Director Tomasz Stańczak and Hsiao-wei Wang will give speeches. In addition, to commemorate this moment, the ecosystem will launch a free minting commemorative version of the Ethereum Torch NFT event within 24 hours after the event, which will be limited to 24 hours.
Binance: Verasity (VRA) is now available on Binance Alpha, with an airdrop threshold of 200 points
According to Binance's announcement, Verasity (VRA) is now available on Binance Alpha. Users with at least 200 Binance Alpha points can claim an airdrop of 32,238 VRA tokens on a first-come, first-served basis. If the rewards are not fully distributed, the points threshold will automatically decrease by 15 points per hour. Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim on the Alpha event page within 24 hours, otherwise it will be deemed as giving up the claim.
Important data
Two Tron addresses holding more than 10 million USDT were frozen
According to Whale Alert monitoring, two Tron addresses holding more than 10 million USDT were frozen, one of which held 12,756,824 USDT, worth approximately US$12,765,084; the other address held 11,308,430 USDT.
According to Lookonchain monitoring, after a week of market fluctuations, some traders were forced to liquidate, but the White Whale still ranks first in the HyperLiquid rankings. Its current long position is:
- 48,405 ETH (US$181 million)
- 810,717 SOL (US$152 million)
- 223 BTC (US$26 million)
- Currently unrealized profit: about US$33 million
Data: Justin Sun transferred 60,000 ETH from Binance
According to Whale Alert monitoring, 60,000 ETH (225,709,465 US dollars) were transferred from Binance to Justin Sun's address.
According to Lookonchain monitoring, the address 0xF436 suspected to be related to DeFiance Capital bought 30,366 ETH (worth about 114 million US dollars) in the past 28 hours.
According to validatorqueue data, the Ethereum PoS network exit queue has grown rapidly since July 16, reaching a peak of 743,800 coins on July 26, and currently stands at 699,800 coins, with withdrawals delayed for more than 12 days. On July 16, there were only 1,920 coins, and on July 15, there was no need to queue up for withdrawal.
Yesterday's news, in response to the community's question about the "sudden surge in demand for Ethereum pledge redemption", ARK Invest CEO Cathie Wood said that the surge in demand for Ethereum pledge redemption may be due to Robinhood's 2% reward.
A whale sold 2,270 ETH on the chain 2 hours ago, making a profit of about $4.46 million
According to the on-chain analyst Ember, a whale sold 2,270 ETH on the chain at a price of $3,754 for 8.52 million USDT 2 hours ago. The whale held ETH for 4 months and earned 1.1 times the profit. The whale bought and held 3,272 ETH at $1,787 through OKX 4 months ago, and sold 2,270 ETH at $3,754 today, realizing a profit of $4.46 million.
