Morgan Stanley: Investors increase dollar long positions ahead of Federal Reserve and Bank of England interest rate meetings

Pennsylvania Congressman Tarik Khan proposed HB 2711 on July 22, proposing to prohibit sports betting and gambling companies from serving as liquidity providers or market makers on prediction platforms, and to prohibit prediction platforms from sharing revenue with gambling companies. The bill requires platforms to set a minimum age of 21 for participation, prohibit markets involving high school sports, underage events, personal health, and death incidents, and be enforced by state attorneys general. Pennsylvania also has a supporting bill HB 2497, which intends to require platforms to obtain permission from the Pennsylvania Gaming Control Commission and impose a 22% tax.

The mandatory signal window for Bitcoin BIP-110 will open at block 961632, expected around August 9, 2026. As of 20:40 on July 27th (UTC+8), the on chain height is 959842, with approximately 1790 blocks remaining. The BIP-110 signal support rate is approximately 2.64%. BIP-110, officially known as Reduced Data Temporary Softfork, proposes to limit the size of certain data fields in Bitcoin transactions. The current signal support mainly comes from Ocean, independent miners, and small operators, while major mining pools such as Foundry, Antpool, ViaBTC, and F2pool have not yet switched to support. If the current signal level continues until block 961632, the node executing BIP-110 will reject blocks that have not issued version bit 4 signals and follow a few blocks that have issued signals.

Morgan Stanley strategists Molly Nickolin, David Adams, and Andrew Watrou stated that investors increased their long positions in the US dollar and short positions in the pound before the Federal Reserve and Bank of England interest rate meetings. Option pricing data indicated long positions in the US dollar index, and futures market data also showed long positions in the US dollar. Asset management companies mainly long the euro and short the pound, while leveraged funds long the pound and short the New Zealand dollar.

Apple has been sued by the Federal District Court of Northern California for failing to effectively prevent cryptocurrency fraud applications within the App Store. Three users accused Apple of a security review mechanism loophole that resulted in downloading fake encrypted wallet applications, causing a cumulative loss of over $1.8 million. The involved application impersonated Sparrow Wallet, resulting in three users losing approximately $875000, $840000, and $120000 respectively. The plaintiff requests a jury trial and seeks compensation. Apple responded by stating that they will quickly remove the violating app and that there are currently no Sparrow Wallet counterfeit apps in the App Store.

The onshore Chinese yuan against the US dollar (CNY) closed at 6.7625 yuan at 03:00 UTC+8, up 77 points from last Friday's close, with a trading volume of 29.356 billion US dollars.