Jinyi Culture: Its subsidiary Kaike Weishi is currently exploring and researching stablecoin business

OKX-ETH/USDT is currently trading at $2503.50, with a 5-minute drop of 0.32%. Please be aware of market fluctuations.

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Odaily Planet Daily News: Kathy Bostjancic, Chief Economist of Nationwide Financial, said that there will be a large amount of data affecting the Fed's decisions in the next two months. If the current trend continues, the Fed should be able to implement loose policies in September. He believes that the Fed will cut interest rates by 25 basis points in September, October, and December respectively, but Powell may balance all parties by "not over committing": supporting the September rate cut and emphasizing that it is not a signal of further easing, and suspending action if inflation worsens. (Golden Ten)

According to Decrypt, the Oregon Attorney General has requested that the federal court reject Coinbase's motion to transfer the securities lawsuit to federal court, insisting that the case should remain in state court for trial. The lawsuit accuses Coinbase of promoting unregistered cryptocurrency securities to state residents and profiting from millions of dollars in transaction fees. The core dispute of the case lies in the fact that the "Pratt test" adopted by Oregon is broader than the federal "Hawley test", and even if encrypted assets do not meet the definition of federal securities, they may still be recognized as state-level securities. Legal experts point out that if the state court ruling is upheld, it may trigger states to launch chain law enforcement against cryptocurrency companies based on local securities laws. It is worth noting that although the Trump administration withdrew the SEC's lawsuit against Coinbase in February this year, states are strengthening their regulatory authority through local securities laws. Coinbase claims that the lawsuit is&34; Regulatory enclosure movement&34; Warning that fragmented state level regulation will exacerbate industry chaos.

According to BlockBeats, on July 4th, Justin Sun appeared on the cover of Asia Weekly for the first time in 14 years and was interviewed. In the interview, Justin Sun stated that Bitcoin has the potential to challenge the global reserve currency status of the US dollar in the next decade. The core technologies of stablecoins and cross-border payments, the integration of AI and blockchain, and cross chain interoperability will be widely promoted or adopted. Previously, Justin Sun appeared on the cover of Asia Weekly in 2011, attracting attention as a young entrepreneur and early investor in Bitcoin.