In an interview with Bloomberg, Trump said he would not seek to remove Federal Reserve Chairman Powell before the end of his term. Powell's term will expire in 2026, and his seat on the Federal Reserve Board will expire in 2028. Trump also said that the Fed should give up on cutting interest rates before the November 5 election. Powell was asked several times last week whether the election would affect the Fed's decision on whether to cut interest rates. Powell said again on Monday that he and other central bank policymakers would not consider political factors when making decisions. In addition, Trump said that if he wins the election, he will consider appointing JPMorgan Chase CEO Jamie Dimon as Treasury Secretary.
Trump says he plans to launch fourth NFT series
According to CoinDesk, according to an interview with Donald Trump published by Bloomberg Businessweek on Tuesday, Trump plans to launch a fourth NFT series. In the interview, Trump said that his previous NFT collections were "very successful" and sold out within a day: "All sold out: 45,000 cards. I launched it three times, and I will launch it again because people want me to launch it again." Trump previously revealed at a party for his NFT holders at Mar-a-Lago in May that he planned to release a fourth NFT series, but he did not make a commitment at the time. He said: "I believe in supply and demand. As you know, the first series did well, the second series did well, and the third series did well. Maybe at some point things will get better."
"Crypto is not going away, it's amazing," Trump said of cryptocurrencies in an interview with Bloomberg Businessweek, adding that he "met a lot of people in the crypto industry" at the fundraiser, calling them "top talent." "We have a great foundation," Trump said of the U.S. cryptocurrency industry. "It's a baby. It's still in its infancy. But I don't want another country to take over this space."
Insider: The first Ethereum spot ETF may be launched on July 23
According to the Wall Street Journal, people familiar with the matter said that the U.S. Securities and Exchange Commission has informed several asset management companies that the first spot Ethereum ETFs may be launched next Tuesday (July 23). After asset management companies submit the last round of filings this week, the agency is expected to announce the effectiveness of the ETF registration statement next Monday. Once the statement takes effect, the spot Ethereum ETF can begin trading.
FTX reaches $12.7 billion settlement with U.S. CFTC
According to The Block, the crypto exchage 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 bankruptcy judge. According to a court document filed with the U.S. Delaware Bankruptcy Court on July 12, the two parties have been in negotiations over the past few months. The CFTC filed a fraud lawsuit against FTX, former FTX CEO SBF, and its affiliate Alameda in 2022, claiming that their actions caused customers to lose $8 billion. The CFTC initially requested $52.2 billion in compensation. As part of the settlement, the CFTC agreed that as long as FTX complies with its restructuring plan, the CFTC will not receive any compensation. 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. FTX filed for bankruptcy at the end of 2022. In May of this year, the FTX bankruptcy administrator announced a restructuring plan, and creditors will receive full cash repayment. Under the plan, creditors with claims of less than $50,000 will be eligible for 118% compensation within 60 days of court approval.
MtGox once again repaid BTC and BCH to creditors, and 13,000 creditors have received repayment
According to the announcement by lawyer Nobuaki Kobayashi, the MtGox custodian, on July 16, 2024, the MtGox custodian repaid Bitcoin (BTC) and Bitcoin Cash (BCH) to some creditors through designated cryptocurrency exchanges, following July 5, 2024. Currently, more than 13,000 creditors have received repayment. Repayment of other creditors will be carried out as soon as possible after confirming the validity of the account, the exchange's acceptance of the agreement, the completion of the custodian's discussions with the exchange, and confirmation of security. Earlier this week, it was reported that Kraken has received creditor funds from the Mt. Gox custodian, and it is expected to take 7-14 days to credit the funds to the creditor's account.
Blast removes "L2" from X usernames and shortens withdrawal time from 14 days to 7 days
According to Cointelegraph, Ethereum Layer2 network Blast announced on the X platform that it has cut its withdrawal time in half, from 14 days to 7 days. The network previously required longer withdrawal times "in order to provide a buffer for Lido withdrawals", and this long wait is no longer necessary. The team posted the message through the 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.
In a related post, the team said Blast core contributors have been monitoring withdrawals for the past four months and now conclude that "a smaller buffer is sufficient to handle almost all withdrawal activity." It warned that some withdrawals may still take longer than seven days, although this will only happen in "rare cases." Meanwhile, deposits from Ethereum to Blast still only take "a few minutes" to process. Some Blast critics have noted the change in the protocol's name on X.
Former Aave contributor and X user Jim speculated that this means Blast will no longer be Ethereum's Layer 2. "Blast changed its name from @Blast_L2 to @blast and now calls itself a 'full-stack chain', which is the first rollup we have seen to leave Ethereum and become an independent chain... It seems that Ethereum consistency is always just a gimmick." Both Blast X accounts now provide links to the June 26 "vision" statement, which claims that Blast will become a "full-stack chain" in the future.
Ctrip's NFT series "Trekki" will be officially terminated on August 1
According to Trekki NFT's official Twitter account, the NFT series "Trekki" project incubated by Ctrip Group will be officially terminated on August 1, 2024. The official website, discount page and coupons, and Trekki NFT benefit collection functions will be retained until July 1, 2025. All development functions and community operations in the second phase will be terminated. The Trekki team said that it does not rule out the possibility of restarting the project in the future.
Craig Wright officially admits that he is not Satoshi Nakamoto
Craig Wright, known as "Australian Satoshi", officially issued a statement admitting that he is not Satoshi Nakamoto, the creator of Bitcoin, nor the author and copyright owner of the Bitcoin white paper. According to previous news, Craig Wright was handed over to British prosecutors by a judge of the London High Court for suspected perjury. Judge James Mellor pointed out in his ruling that Wright made extensive and repeated false statements to support his false claims, and decided to submit the case to the British Crown Prosecution Service (CPS) to consider whether to charge him with perjury.
Deribit to launch Bitcoin and Ethereum options expiring in November to bet on US election results
According to The Block, crypto derivatives exchange Deribit will launch Bitcoin and Ethereum options expiring on November 8, allowing investors to bet on the impact of the November 5 U.S. election on the crypto market, speculate and hedge. These trading products will go live on Thursday, July 18.
LI.FI: Smart contract vulnerabilities have been contained and users are no longer at risk
LI.FI, a cross-chain transaction aggregator, said in a statement that the smart contract vulnerability that occurred earlier today has been contained and the affected smart contract has been disabled. Users are no longer at risk. The affected wallets are limited to wallets with unlimited authorization, and the number is very small. The LI.FI team is working with appropriate law enforcement agencies and relevant third parties (including security teams from the industry) to track the stolen funds. The team will release a more detailed post-event analysis as soon as possible.
According to previous news, LI.FI has lost more than 10 million US dollars due to the vulnerability .
Uniswap Labs: Uniswap extension now available to all users
According to the official Twitter account of Uniswap Labs, the Uniswap extension is now available to all users and can be downloaded from the Google Chrome app store. The extension supports 11 blockchain networks, including Ethereum, Base, Arbitrum, Optimism, Polygon, Blast, ZKsync, Zora Network, BNB Chain, Avalanche, and Celo. The plug-in allows users to exchange cryptocurrencies, mint coins, and view all tokens in the browser sidebar. The extension provides MEV protection, faster quotes, and cross-chain asset viewing capabilities, aiming to provide users with the best exchange experience. Users can call the extension by pressing cmd/ctrl + shift + U.
The Open Platform (TOP) announced its investment in Catizen.AI publishing platform PLUTO Studio
The Open Platform (TOP) today announced a significant investment in PLUTO Studio, the publisher of Catizen.AI. As one of the largest builders in the TON ecosystem, this strategic investment underscores TOP’s early and strong support for the TON blockchain ecosystem and reaffirms its commitment to fostering internal innovation. Catizen is the first project released by PLUTO Studio and has achieved significant success in the Telegram Mini Apps ecosystem and has received high praise from many parties. Andrew Rogozov, founder and CEO of TOP, said: "The social games launched by the Catizen team set a new standard in the Telegram Mini Apps ecosystem. It is an honor to work with this outstanding team." This investment marks TOP's high recognition of the potential of Catizen and PLUTO Studio, and its confidence in the future development of the gaming sector in the TON ecosystem. PLUTO Studio will work to build Catizen into the center of the attention economy and continue to launch more mini games through the platform to promote the overall growth and development of the ecosystem.
Tools for Humanity Announces Extension of Token Lock-up Period for Early Worldcoin Contributors
According to the official Worldcoin blog, Tools for Humanity announced an extension of the token lock-up period for early Worldcoin contributors. Starting July 24, 2024, the WLD token lock-up period for Tools for Humanity team members and investors will be extended from the original 3 years to 5 years.
Polygon launches new ZK proof system “Plonky3” as an open source toolkit
According to CoinDesk, Polygon Labs has launched its latest zero-knowledge proof system "Plonky3", which is released as an open source toolkit. Plonky3 is designed to be more flexible, allowing ZK developers to build virtual machines based on ZK cryptography. Polygon co-founder Daniel Lubarov said that Plonky3 is more universal than Plonky2, which was launched in 2022. The system is designed to ensure that transactions are executed correctly or blockchain status is updated by generating summaries to prove off-chain transactions.
According to The Block, Mira, a crypto AI startup focused on decentralized machine learning infrastructure, has emerged from stealth mode and completed a $9 million seed round of financing co-led by Bitkraft Ventures and Framework Ventures. Mira's co-founders Sidhartha Doddipalli and Karan Sirdesai said the platform is designed to help developers quickly build AI-native applications, and more than a dozen projects have used Mira's infrastructure to develop AI applications. Mira plans to launch a blockchain to record platform transactions in the future. Mira currently has 25 employees in Singapore and India, and Sirdesai plans to recruit at least 5 more engineers to expand the team.
Bitcoin briefly hits $66,000, Ethereum breaks through $3,500
OKX market data shows that Bitcoin briefly touched $66,000 and is now trading at $65,958, up 1.67% on the day. In addition, Ethereum broke through $3,500 and is now trading at $3,513, up 1.07% on the day.
According to Arkham monitoring, 7 hours ago, the Golem multi-signature address transferred 6,000 ETH to the address starting with 0x159a. Subsequently, the address starting with 0x159a transferred a total of 3,750 ETH to the Binance and Coinbase deposit addresses, with a value of approximately US$12.97 million.
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