Traders No Longer Fully Expect Fed to Cut Rates in October

On August 1st, as per Arkham Monitoring, FTX/Alameda has placed a stake worth $1.25 billion in ETH and SOL. Last night, FTX's cold wallet staked $45 million worth of SOL, and Alameda's wallet address transferred $80 million worth of ETH into Figment.

On August 1st, the Chairman of the U.S. SEC, Atkins, stated that he has instructed the staff to conduct research on how to adjust the custody system in order to promote the development of the crypto asset custody business. At the same time, he directed the staff to develop a framework that enables the parallel trading of crypto securities and non-crypto securities. To facilitate the trading of tokenized securities, the U.S. Securities and Exchange Commission may need to consider amending the National Market System Rules. (FX168)

On August 1st, SEC Chairman Atkins declared that he would direct various policy departments to cooperate with the cryptocurrency special working group in order to implement the cryptocurrency-related suggestions of the White House. The staff of the committee have been given instructions to draft clear rules for cryptocurrency custody, allocation, and trading. Most crypto assets are not securities. The staff have been instructed to develop guidelines to determine when crypto assets are regarded as securities. The staff have been tasked with proposing disclosure requirements and exemption provisions for crypto assets identified as securities, and have also been instructed to collaborate with companies seeking to issue tokenized securities.

On August 1st, according to Reuters, the U.S. Securities and Exchange Commission (SEC) has initiated the Project Crypto. This initiative is aimed at promoting the modernization of securities regulations and facilitating the transition of the market to the blockchain.

August 1st: Regarding the report of a significant security vulnerability in NVIDIA's computing power chip, NVIDIA declared: "Network security holds great importance for us. NVIDIA's chips do not possess a 'backdoor' that enables any remote access or control over these chips."

August 1st. As per on-chain analyst Ai Yi (@ai_9684xtpa), 781,147 addresses took part in the Ethereum 10th Anniversary commemorative NFT minting and collectively spent 153.7 ETH on Gas fees, which is approximately $584,000.
Previous reports showed that the Ethereum 10th Anniversary torch commemorative NFT minting has come to an end. The total supply exceeded 780,000 tokens and there were over 660,000 holder addresses.