Trump: Interest rates should be lowered by 3 percentage points, or even more

On July 23rd, based on market data, BNB rose and touched $797, reaching a new all-time high.

On July 23rd, based on alternative data, today's Crypto Fear and Greed Index is 74. Yesterday, it was 72 (with the average of last week being 70), and market sentiment remains in the "Greed" state. Note: The Fear Index threshold ranges from 0 to 100 and incorporates the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends Analysis (10%).

On July 23rd, as per an official announcement, the U.S. Securities and Exchange Commission (SEC) has given the green light for the conversion of the Bitwise 10 Crypto Index Fund into an ETF. This ETF encompasses assets such as BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT. Nevertheless, it was also mentioned that "the authorization action will be re-examined, and the approval order will be temporarily suspended pending further decision by the SEC." Previously, a similar product - the Grayscale Digital Large Cap Fund (GDLC), which tracks BTC, ETH, XRP, SOL, and ADA, had also received preliminary approval from the SEC. However, subsequently, the agency changed its stance and halted the launch of the fund. It is said that the SEC's hesitation might stem from the need to establish consistent standards for cryptocurrency ETFs, especially for tokens like XRP and ADA that do not yet have standalone ETFs.

On July 23rd, according to on-chain data analyst Yu Jin, 7 hours ago, an additional 50,000 ETH (approximately $1.86 billion) was transferred from HTX to Binance. It is reported that since July 11th when ETH broke above $3,000, ETH has been flowing from HTX to Binance. Up to now, a total of 320,600 ETH (approximately $1.123 billion) has flowed from HTX to Binance, with an average inflow price of $3,504.

On July 23rd, renowned digital asset investor Dan Tapiero is in the process of merging his private equity firm 10T Holdings with 1RoundTable Partners. The new brand will be renamed as 50T, which reflects his expectation that the digital asset ecosystem will achieve a market value of $50 trillion in the next decade. In a press release issued on Tuesday, Dan Tapiero stated, "50T is a natural progression of our initial 2020 concept. When we established 10T, our core belief was that the digital asset ecosystem would expand from $300 billion to $10 trillion within a decade. Now, we estimate that the market value of this sector has reached $50 trillion, far surpassing the originally expected timeline. Therefore, there is a need to revise our outlook. Recent achievements like Circle's IPO and Deribit's acquisition have demonstrated the maturity of this industry and validated our investment philosophy that 'all value will ultimately be on-chain.'" 50T's flagship funds were previously investo

On July 23rd, President Trump of the United States tweeted that the U.S. has just achieved a significant agreement with Japan. This agreement may be the largest one ever. According to Trump's instructions, Japan will invest $550 billion in the U.S., and the U.S. will obtain 90% of the profits. This agreement is expected to create tens of thousands of jobs - a feat that has never been seen before. Perhaps most importantly, Japan will open up its country's trade, including automobiles and trucks, rice and certain other agricultural products, and other items. Japan will impose a 15% reciprocal tariff on the U.S. For the U.S., this is a very exciting time, especially as the U.S. will continue to maintain a good relationship with Japan. (FX678)