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《Fortune》: Sequoia Capital China Holds About 10% Stake in Binance

3 hours ago

August 14th. According to Fortune magazine, Binance co-founder He Yi holds around 10% of Binance's shares. During CZ's imprisonment resulting from a plea bargain, He Yi played a crucial role behind the scenes, assisting Binance in navigating regulatory and financial difficulties. Despite encountering significant obstacles, the company has remained the world's leading centralized exchange under the leadership of its successors. Looking ahead, He Yi thinks that cryptographic technology will fundamentally reshape the traditional financial system, similar to the internet, and anticipates more integration into mainstream finance through stablecoins and blockchain in the next 5 to 10 years. She emphasized that Binance will continue to focus on customers while promoting a founder culture and innovative development.
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Coinbase will undergo maintenance on August 19th

August 14th. According to official channels, Coinbase is scheduled to undergo maintenance at 8 a.m. on August 19th in Beijing time. During this maintenance period, there will be delays in sending and receiving BTC, LTC, BCH, ZEC, and DASH. Delays will also be experienced for all ERC20 tokens, as well as for sending and receiving on the Ethereum (ETH) and Ethereum Classic (ETC) networks. However, trading will not be impacted.

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Tom Lee: PPI Is Just a Blip, Buy the Dip Has Worked Every Time Since Late 2022

On August 14th, Tom Lee, the newly appointed chairman of BitMine, tweeted, stating, "Today's 'hot' PPI is merely a sideshow. Since the end of 2022, each dip has been a buying opportunity."

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After the release of the US July PPI data, the probability of a 25 basis point interest rate cut by the Fed in September stands at 92.5%.

On August 14th, after the release of the U.S. July PPI data, the probability of a 25-basis-point rate cut by the Fed in September slightly decreased to 92.5%, while the probability of keeping the interest rate unchanged was 7.5%.

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Ethereum Surges Above $4600

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Coinbase CEO: Over the past decade, BTC has seen a price increase of 490x, while ETH has seen a price increase of 3,500x

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