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Websea has officially introduced the international top-tier anti-money laundering system MistTrack, taking compliance to the next level.

7 hours ago

On July 3rd, with the goal of further enhancing its global compliance capabilities and establishing a secure and transparent trading environment, the cryptocurrency exchange Websea disclosed its official integration with the internationally renowned on-chain Anti-Money Laundering (AML) system — MistTrack. It is reported that MistTrack, along with Chainalysis and Elliptic, is one of the top blockchain compliance analysis platforms in the world. This partnership indicates that Websea has officially joined the world's vanguard in terms of compliance and risk control system development. It not only meets the compliance requirements of multiple countries' regulations but also actively identifies risks through technological means, aiming to create a safer and more transparent trading environment for all users. With the support of MistTrack, Websea will lead the healthy and sustainable development of the industry with a more robust and trustworthy operational capacity.
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Bitcoin Drops Below $109,000

On July 3rd, according to HTX market data, Bitcoin fell below $109,000, experiencing a 24-hour change of 1.52%.

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Analyst: The Fed Has More Reasons to Hold Off on Rate Cuts

On July 3rd, Analyst Jonnelle Marte pointed out that an unanticipated and robust nonfarm payroll report could offer the Federal Reserve with additional grounds to delay taking action for a longer period this year. It almost definitely would ease concerns about the labor market and thereby rule out the possibility of a rate cut in July. (FXStreet)

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After the non-farm payroll data was released, S&P 500 index futures briefly rose to an intraday high.

On July 3rd, following the release of non-farm payroll data, S&P 500 Index futures reached an intraday high; Nasdaq 100 Index futures also briefly touched an intraday high. (IG)

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Analyst: Fed may not cut interest rates in July and September

On July 3rd, analyst Joseph Richter stated that the market might respond to the decrease in the unemployment rate. Nevertheless, given the crucial significance of the U-3 unemployment rate within the Fed's reaction function, its decline might not be a factor for consideration in a rate cut in July or even September. This is in accordance with our perspective on the fourth-quarter trend. (FXStreet)

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U.S. Non-Farm Payrolls Data Far Exceeds Expectations, May Ease Fed Rate Cut Pressure

July 3rd: A rather astonishing development has taken place. In June, the US saw an addition of 147,000 non-farm payrolls. This figure not only exceeded the 144,000 new jobs added in May but also went well beyond the consensus estimate of 110,000 among economists. It clearly shows that the US labor market has managed to withstand the uncertainties brought about by the Trump administration's trade and immigration policies. This unexpectedly robust data will relieve the pressure on the Federal Reserve to lower interest rates. Although President Trump has repeatedly called for rate cuts, this situation remains. Federal Reserve Chairman Powell stated this week that a rate cut in July is "still a possibility," seemingly going against his previous stance of "keeping rates unchanged until the fall." (FXStreet)

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The total non-farm payroll employment for April and May in the United States has been revised upwards by 16,000.

On July 3rd, the U.S. Bureau of Labor Statistics stated that the non-farm payrolls for April were adjusted from 147,000 to 158,000; and the non-farm payrolls for May were revised from 139,000 to 144,000. After these revisions, the combined total number of new jobs in April and May was 16,000 greater than it was before the revisions. (Golden Ten)

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