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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.
Top #Cryptonews This Week

1️⃣ Powell Indicated Possible Rate Cut

Jerome #Powell suggested a potential rate cut in September if inflation met criteria.

2️⃣ Bank of England Reduced Rates

The Bank of England cut interest rates to 5% for the first time in over four years.

3️⃣ Bank of Japan Increased Rates
The Bank of Japan raised its policy rate to around 0.25% during its meeting.

4️⃣ Trump Proposed Bitcoin Changes
#DonaldTrump vowed to fire #Gensler, establish a #Bitcoin reserve, and support #crypto innovations.

5️⃣ Harris Campaign Reached Out to Crypto Leaders

#KamalaHarris’s team engaged with crypto figures to shape future regulatory frameworks.

6️⃣ Senators Proposed Bitcoin Purchase Plan
Senator #CynthiaLummis introduced a plan to buy 1 million bitcoins over five years.

7️⃣ Vitalik Outlined Ethereum’s Future
#VitalikButerin emphasized building apps and proposed innovative ideas at EDCON2024.

8️⃣ Musk Denied Crypto Promotion Intent

#ElonMusk stated he had no intention to promote cryptocurrencies, clarifying any mentions were jokes.

9️⃣ Snowden Warned on Bitcoin Privacy
Edward Snowden highlighted Bitcoin’s traceability and urged improved privacy measures.

🔟 MicroStrategy Reported Loss, Increased BTC Holdings
#MicroStrategy reported a $102.6 million loss but increased Bitcoin holdings to 226,500 BTC.
Key Events This Week

#Crypto #Cryptonews

1️⃣
#Trump & #ElonMusk's interview (August 12th 2024)- Monday- 8:00 PM ET

2️⃣ July
#PPI Inflation data (August 13, 2024) - Tuesday - 8: 30 AM ET

3️⃣ July
#CPI Inflation data(August 14, 2024) - Wednesday- 8:30 AM ET

4️⃣
July Retail Sales data(August 15th, 2024) - Thursday - 12:30AM ET

5️⃣Initial Jobless Claims- USA (August 15th, 2024) - Thursday - 8: 30AM ET
🔥Support for California SB 1047 AI Safety Bill🔥

Endorsement: #ElonMusk and #VitalikButerin support California’s SB 1047 AI safety bill.

Vitalik's Approval: He values the bill's "critical harm" category, which distinguishes it from other risks.

Safety Testing: The bill mandates safety testing for AI models.

Prevention of Dangerous Releases: AI models with world-threatening capabilities or behaviors discovered during testing cannot be released.

#AI #Crypto #CryptoNews #blockchain

Source: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB1047