De Marco: European Central Bank should not rush to raise interest rates, should wait for the next round of forecast results
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According to Jin10 Data on July 1st, ECB Managing Director De Marco stated that given the rapid decline in oil prices, the ECB should not rush to raise interest rates and should wait for the next round of forecast results.
CryptoQuant analyst Axel Adler Jr. pointed out that the average inflow of Bitcoin on the exchange has risen to 122000 coins over the past 30 days, which is about 50% higher than the average during the February sell-off period and is approaching the upper bound range of 131000 coins. During the same period, the price of Bitcoin fell from $77000 to $78000 to approximately $59000. The SOPR 30 day average has dropped to 0.99, consistently below the critical level of 1.0, and the market is on average in a state of loss realization. During the period from May to July, the SOPR index was below 1.0 for 37 out of 61 days.
The photovoltaic energy storage sector of China's A-share market opened significantly lower, and the inverter index fell due to panic selling of funds. Sungrow's stock price fell by over 19% at one point, and Sungrow stated that it is currently investigating and has no specific impact data. GoodWe stated that last year's sales in the United States were only over 100 million yuan, compared to 30 million yuan in the first half of the year, with limited direct impact. Ginlong stated that last year, the proportion of US exports was less than 1%, and the impact can be ignored. Several other companies have stated that the reported content is inconsistent and are currently tracing the original source to assess the impact.
Prediction market index provider Adjent has completed a $2.5 million Pre Series funding round, with investors including Night Capital, VanEck, UFO Holdings, Maven11, and DCG. Adjacent is an independent third-party provider of event contracts and predictive market indices. This week, it launched the US election index series RED and BLUE, and expanded its index products to cover global election, finance, economy, and other fields.
