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[ The Federal Reserve keeps interest rates unchanged, in line with market expectations]
The Federal Reserve announced its interest rate decision on Wednesday. For the eighth consecutive time, the Fed kept the benchmark interest rate unchanged at 5.25%-5.50%, in line with market expectations.
[Fed Chairman Powell: September rate cut "may be under consideration"]
Federal Reserve Chairman Powell said in his speech: "We are getting closer to the time when we can lower interest rates. Overall, we are getting closer, but have not reached that point yet. A rate cut in September "may be under consideration" and the consensus of the committee is getting closer to a rate cut."
[The market is betting that the probability of the Fed cutting interest rates in September is 100%]
According to CME's "Fed Watch" data: The probability of the Fed cutting interest rates by 25 basis points in September is 90.5%, and the probability of cutting interest rates by 50 basis points is 9.5%. The probability of the Fed cutting interest rates by 25 basis points by November is 21.7%, the probability of cutting interest rates by 50 basis points is 71.1%, and the probability of cutting interest rates by 75 basis points is 7.2%.
[ Tether's profit in the first half of the year hit a record high of US$5.2 billion, and its holdings of U.S. Treasury bonds hit a record high]
Tether released its second quarter financial report for 2024, and the data showed that its profit in the first half of 2024 hit a record high of US$5.2 billion, and its net operating profit reached US$1.3 billion, which is Tether's best performance ever. In addition, Tether's holdings of US Treasury bonds exceeded US$97.6 billion, also setting a record high.
In addition, the total reserves of Tether tokens in circulation are $118,436,336,293, and the total liabilities of companies issuing Tether tokens are $113,101,998,938, of which $112,395,445,973 are related to the issued digital tokens.
The group said it is not considering using part of its reserves to support the token issuance for sustainable energy, bitcoin mining, data, artificial intelligence infrastructure, P2P telecommunications technology, neurotechnology, education and other long-term proprietary investments.
[ Meta 's metaverse division Reality Labs suffered an operating loss of $4.49 billion in the second quarter]
Meta released its Q2 2024 financial report on Wednesday. Its metaverse business Reality Labs had an operating loss of $4.49 billion, compared with the market expectation of a loss of $4.53 billion and $276 million in the same period last year. Meta Platforms' revenue in Q2 2024 was $39.07 billion, compared with the market expectation of $38.3 billion and $31.999 billion in the same period last year.
Meta said it still expects a loss in 2024 for its Reality Labs division.
[ Taiko clarification: No Taiko entity has ever sent any tokens to the Ethereum Foundation]
Taiko, an Ethereum Layer2 network based on zkRollup, said on the X platform: “In the recent series of media articles, there are articles that claim that the Ethereum Foundation abandoned Taiko by selling tokens. We are dissatisfied with the way such articles were published because they did not attempt to contact Taiko for verification before publishing. No Taiko entity has ever sent any tokens to the Ethereum Foundation.
We want to emphasize that Taiko has a close working relationship with the Ethereum Foundation since we were the first Base Rollup. We have been committed to this philosophy since the beginning and it will not change. In fact, at the recent EthCC event, during one of Vitalik’s keynotes, we were labeled as ‘EVM purists’, which further confirmed the connection between Taiko and the Ethereum Foundation."
[Fidelity lists physical Bitcoin ETP on the London Stock Exchange]
Fidelity International lists physical Bitcoin ETP on the London Stock Exchange.
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