Total Bitcoin Open Interest Across All Exchanges Reaches $73.59 Billion

July 10: Minutes of the Federal Reserve Meeting: The majority of participants thought it would be suitable to reduce the federal funds rate later this year. Several participants stated that, provided the economy developed as they currently anticipate, they would be inclined to contemplate a cut in interest rates during the July meeting. (Xinhua Finance)

July 10th. The most recent release of the minutes from the Federal Reserve's June meeting indicates that the participants noted that risks and uncertainties were significant factors influencing their decisions and emphasized the necessity of formulating a policy strategy aimed at attaining the Committee's maximum employment and price stability goals within a period of high uncertainty. The participants recognized that economic risks and uncertainties were widespread and presented challenges to the design and communication of monetary policy. They pointed out that it is difficult to measure and assess risks and uncertainties, and the Committee relies on a wide range of indicators and information from businesses and community contacts to assess the evolving risks. This is particularly helpful during periods of heightened uncertainty and is beneficial to the Committee. (FXStreet)

On July 10th, the minutes of the Federal Reserve meeting stated that all participants believed that keeping the federal funds rate within the current target range was appropriate. Several participants pointed out that the current federal funds rate might not be far from the neutral rate. (Kryptonite)

July 10th: The staff of the Federal Reserve anticipate that real GDP growth in 2025 will be greater than what was previously projected, and inflation will be lower than previous expectations. Participants considered that due to the announced and anticipated tariff reductions, the uncertainty regarding the economic outlook has decreased. However, overall uncertainty still remains at a high level. Most officials believed that tariffs could present ongoing inflation risks. (Xinhua News Agency)

Flash: The Federal Reserve will make the minutes of its monetary policy meeting available at 10:10 on July 10.

July 10th - According to sources, OpenAI is set to launch an AI-powered web browser.