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Important Dates of this week to keep eye on:

#Crypto #CryptoNews

July 15 (Monday) :
#Fed Chair #Powell Speaks

July 17 (Wednesday) : UK
#CPI Inflation

July 18 (Thursday) : UK Unemployment

July 18 (Thursday) : EU Interest Rate Decision

July 15-18 (Estimated) :
#ETH #ETF Launch

Total of 11
Fed speaker events this week
Top #CryptoNews of This Week

1️⃣ SEC allowed spot
#ETH #ETF issuers to start trading on July 23.

2️⃣
#MtGox poll shows 55% will not sell Bitcoin compensation received.

3️⃣Trump’s
#Bitcoin conference expected record attendance; security tightened after assassination attempt.

4️⃣
#Trump announced fourth NFT release, urged Fed to avoid rate cuts before November.

5️⃣Powell stated
#Fed won’t wait for 2% inflation before cutting rates.

6️⃣
#Vitalik opposes choosing political allies based solely on crypto support.

7️⃣a16z’s Marc Andreessen backed Trump, criticizing
#Biden’s overregulation stance.

8️⃣
#BlackRock’s Larry Fink declared Bitcoin a legitimate financial instrument.

9️⃣
#Grayscale launched Decentralized AI Fund to invest in #AI and #crypto.

🔟Indian exchange
#WazirX hacked; losses exceed $230 million with significant asset theft.
Top #CryptoNews in past 12 hours

1️⃣The
#Fed's August 1 Interest rate decision has a 96% chance of no change, 85.8% cut probability as per CME markets Data

2️⃣
#Blonkfi closed its Pre-Seed round with UOB Venture Management and Signum Capital. The testnet was set for August 1.

3️⃣Last week,
#Bitcoin spot #ETFs had $535M inflows. BlackRock gained $758M; Grayscale lost $120M.

4️⃣ UK hacker Elliot Gunton, who compromised 500 Coinbase accounts, was sentenced to 3.5 years.

5️⃣Last week, digital assets had $245M inflows; Bitcoin gained $519M,
#Ethereum lost $285M.

6️⃣ The Ethereum Foundation transferred $9.16M in TKO tokens to Bitcoin Suisse after Taiko’s mainnet launch.

7️⃣
#ElonMusk criticized Democrats for "importing voters" and endorsed Trump amid immigration policy debates.
BREAKING👇

The
#FED announced no rate hike and will keep the terminal rate at 5.25%–5.50%.

#FOMC #Powell #CryptoNews
Key Events to Watch in #Crypto This Month

🟡1 Aug 2024 : #FED Chair Jerome Powell Holds a Monetary policy Press Conference

🟡2 Aug 2024: US July #Unemployment Rate

🟡13 Aug 2024: US July #PPI (8:30 A.M. Eastern Time)

🟡14 Aug 2024 : US July #CPI (8:30 A.M. Eastern Time)

🟡16 Aug 2024: #FTX Consumer Voting Deadline

🟡19 Aug to 21 Aug 2024: #Web3 Summit berlin 2024
BREAKING : July's Producer Price Index (#PPI) came in below expectations, increasing by just +0.1% MoM instead of the anticipated +0.2% (+2.2% YoY vs +2.3% YoY).

🔵This outcome boosts the
#FED's confidence that inflation is easing, reinforcing the argument for potential rate cuts.

🔵Attention now shifts to tomorrow's
#CPI report! (Scheduled at 8:30 A.M. Eastern Time)

Source: https://www.bls.gov/news.release/ppi.nr0.htm

#Crypto #CryptoNews
Do you think the Federal Reserve will cut interest rates in September? #FED #Crypto
Anonymous Poll
100%
🟢YES🟢
0%
🔴NO🔴
💥It’s been a great week for economic data!💥

#PPI (YoY): 2.2%, better than the 2.3% forecast

#CPI (YoY): 2.9%, just under the 3.0% estimate

#Retail Sales (MoM): +1.0%, smashing the 0.4% expectation

Weekly
#JoblessClaims: 227K, lower than the 236K predicted

Are rate cuts on the horizon? 📉👀

#Fed #crypto #CryptoNews