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The LayerZero-Stargate deal dissolves the DAO and converts all STG tokens into ZRO, consolidating both platforms under one governance framework.
XRP price trades near $3.03, with whales adding $758 million worth of tokens. A breakout above $3.29 remains critical for triggering the next rally.
Share link:In this post: Powell may cut interest rates in September because the economy is slowing, but he’s being cautious to avoid looking like he’s giving in to Trump. Trump wants big rate cuts to help with government debt, but Fed officials, like Beth Hammack, say inflation is still too high. Trump is pressuring Fed leadership, threatening to fire Lisa Cook and nominating Stephen Miran to the Fed board after a recent vacancy.
Share link:In this post: SpaceX is preparing to launch Starship from South Texas on August 24 after recent failures in flight and ground tests. NASA is relying on Starship for its Artemis moon program with a $4 billion contract and a 2027 deadline. The rocket stands nearly 400 feet tall with 33 booster engines and will attempt controlled splashdowns in the Gulf of Mexico and Indian Ocean.
Share link:In this post: Trump fired BLS head Erika McEntarfer and claimed July’s jobs report was rigged without proof. Wall Street investors are shifting away from BLS data and relying more on private sources. Experts like Philip Petursson and Michael O’Rourke no longer trust BLS numbers fully.
Share link:In this post: A Fed paper says the US can hit 250% debt-to-GDP without spiking interest rates—if demand holds up. Interest payments already hit $1.2 trillion, and will hit $1.4 trillion in 2026 unless yields fall. The Fed plans to cut rates soon, blaming rising unemployment despite inflation still climbing.
- 05:44The UK's Financial Conduct Authority lists pound sterling stablecoin payments as a priority for the coming year.According to ChainCatcher, citing DL News, the UK Financial Conduct Authority (FCA) has announced that pound sterling-pegged stablecoins will become a key focus of its work for the coming year. This initiative is part of the UK's diversified strategy to promote economic growth, which also includes digitalizing financial services, enhancing international trade competitiveness, and expanding lending services to small businesses. FCA CEO Nikhil Rathi stated in a letter to UK Prime Minister Keir Starmer that the agency plans to finalize digital asset regulations by 2026 and advance the issuance of pound sterling stablecoins in the UK. Currently, pound-pegged stablecoins account for less than $6 million in the market, while the total stablecoin market size has reached $308 billions.
- 05:34Data: In the past 365 days, the net outflow of bitcoin from CEX was only 13,350.According to a report by Jinse Finance, as disclosed by @SaniExp, the net outflow of bitcoin from centralized exchanges over the past 365 days was only 13,350 BTC, with the total bitcoin holdings on these exchanges currently at 3,325,265 BTC. During the same period, individual investors cumulatively sold about 527,596 BTC, most of which flowed into bitcoin exchange-traded funds/exchange-traded products (ETF/ETP) and corporate treasuries.
- 05:14Total net inflow of spot Bitcoin ETFs reached $224 million yesterday, with BlackRock IBIT leading at $193 million.ChainCatcher News: According to SoSoValue data, the total net inflow of Bitcoin spot ETFs is $224 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $193 million. Currently, IBIT's historical total net inflow has reached $62.604 billion. The second is Fidelity ETF FBTC, with a single-day net inflow of $30.5751 million. Currently, FBTC's historical total net inflow has reached $12.281 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $122.431 billion, and the ETF net asset ratio (market value as a proportion of Bitcoin's total market value) has reached 6.63%. The historical cumulative net inflow has reached $57.932 billion.