Polyhedra is launching the ZKJ "Phoenix Rebirth" initiative to provide incentives and rewards to users affected by the attack event
On July 1st, Polyhedra made an official announcement that it is set to launch the ZKJ "Phoenix Rebirth" plan. At 21:00 on June 15th (in Beijing Time), users who have staked ZKJ on the Ethereum or BNB Chain will be entitled to two benefits: incentives and rewards for future products, as well as whitelist access for airdrops of future ecosystem projects. The proportion of a user's future rewards will be calculated based on their SP (Staking Power) share at the snapshot time.
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A certain Whale/Institution has transferred 68,182 ETH to a CEX in the past 3 weeks, totaling approximately $165 million.
On July 1st, according to Chainalysis, during the past 3 weeks, a particular whale/institution has unstaked 95,313 ETH from 2 addresses. Out of this, 68,182 ETH (approximately $165 million) has been transferred to CEXs like HTX, OKX, Bybit, etc.
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Binance Alpha's daily trading volume continues to decrease, dropping to $448 million yesterday.
On July 1st, according to the @pandajackson42 data panel, the trading volume of Binance Alpha on June 30th was $448.19 million. The daily trading volume has been continuously declining since June 8th. Among them, BR had a trading volume of $307 million, KOGE had a trading volume of $24.86 million, and SERAPH had a trading volume of $21.18 million, ranking at the top.
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Amid Trump's Renewed Pressure on the Fed, Powell's Speech Tonight Takes Center Stage
July 1st: The Federal Reserve Chairman Powell is scheduled to deliver a speech at the ECB Forum on Central Banking on Tuesday. In the meantime, the White House is intensifying its efforts to formulate a plan to replace Powell, and the internal divisions within the Fed are becoming increasingly difficult to overlook.
US Treasury Secretary Yellen stated on Monday that someone might be in place to succeed Powell when his term comes to an end. She also mentioned that the US government may nominate someone to fill a crucial Fed Board seat that will be vacant in January of next year, and this individual may potentially take over as the chair subsequently. Shortly after Yellen's remarks, Trump intensified his attacks on Powell and the Fed, accusing them of maintaining interest rates too high, resulting in the US losing "trillions of dollars," and stating that the Fed "should be ashamed of themselves."
Meanwhile, the internal divisions within the Fed are expanding. Two officials appointed by
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CME FedWatch: Probability of Interest Rate Unchanged in July is 79.8%
On July 1st, based on CME's "FedWatch" data, the likelihood that the Fed will leave interest rates unchanged in July is 79.8%, while the probability of a 25-basis-point rate cut is 20.2%.
There is a 5.3% probability that the Fed will maintain interest rates unchanged in September. The cumulative probability of a 25-basis-point rate cut is 75.9%, and the cumulative probability of a 50-basis-point rate cut is 18.8%.
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J.P. Morgan: Federal Reserve Unlikely to Cut Interest Rates in the Near Term
On July 1st, Morgan Stanley analysts stated in a research report that the probability of the Fed cutting interest rates at the next two meetings is still relatively low. The market's probability of a rate cut in July has gone up from 8% to 20%, and the probability of a cut in September has risen from 60% to 90%.
However, the analysts pointed out that most Fed officials support Powell's cautious attitude and are not likely to quickly switch to supporting a rate cut. The analysts anticipate that the upcoming jobs report will be relatively strong, indicating a slowdown in growth but no signs of a serious setback that would prompt the Fed to take more prompt action.
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