Odaily News OKX market data shows that BTC fell below 108,000 USDT and is now at 107,974.2 USDT, a 24-hour drop of 2.1%. (This newsletter is generated with the assistance of AI)

Odaily News Kathy Bostjancic, chief economist at Nationwide Financial, said that a lot of data will affect the Fed's decision-making in the next two months. If the current trend continues, the Fed should be able to implement an easing policy in September. He believes that the Fed will cut interest rates by 25 basis points in September, October and December, but Powell may balance all parties by "not over-committing": that is, supporting the September rate cut and emphasizing that this is not a signal of further easing, and suspending action if inflation worsens. (Jinshi)

Odaily News According to Whale Alert monitoring, another Bitcoin address that has been dormant for 14.2 years has just been activated. There are 10,000 bitcoins in this address. It is reported that this is the fifth Bitcoin address that has been dormant for more than 14 years to be activated today.

Odaily News According to Lookonchain, a Bitcoin whale that has been dormant for 14 years has at least 80,009 BTC, worth $8.69 billion. The whale controls about 8 wallets, 2 of which received 20,000 BTC on April 2, 2011, worth $15,600 at the time, and now worth $2.18 billion), when the price of BTC was $0.78. Another 6 wallets received 60,009 BTC on May 4, 2011, worth $202,000 at the time, and now worth $6.52 billion, when the price of BTC was $3.37. Today, 4 of the addresses transferred 40,000 BTC, and another 4 wallets are still dormant.

Odaily News The U.S. House of Representatives has voted to pass the "Big and Beautiful" bill, which does not mention the proposed amendments to the cryptocurrency tax law. During the Senate's review of the bill, lawmakers tried to add some cryptocurrency-related clauses, but ultimately failed. However, market observers are optimistic about its chain reaction on Bitcoin. Observers expect that the U.S. tax law will be readjusted for cryptocurrencies. In the upcoming "Crypto Week", the House of Representatives will discuss three major cryptocurrency-related bills, each targeting a core area of blockchain policy: 1. CLARITY Act: Aims to delineate the jurisdictional boundaries between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC); 2. GENIUS Act: Aims to introduce a comprehensive regulatory system for stablecoins pegged to the U.S. dollar; 3. The Anti-CBDC Surveillance State Act: Aims to prevent the Federal Reserve from issuing retail central bank digital currencies (CBDCs). (Cointelegraph)

Odaily News The Trump family crypto project WLFI officially announced that the proposal to make WLFI tokens transferable is now effective. "Today is the Independence Day of the United States, and we are making history."