Weekly Report | US CPI inflation July lower than expected

8个月前
标签:CPI/PYUSD/DAI01048
文章来源: AICoin_EN

Summary of important events (08.05-08.11) 


1. Top 3 Hot Events of Last Week 


US CPI data for July recorded 3.2%, lower than expected. 


On August 10, the US released the consumer price index for July, which rose 3.2% from a year ago in July, slightly below expectations, and the previous value was 3.0%.


PayPal launched US dollar stablecoin PYUSD.


On August 7, PayPal launched a US dollar stablecoin PayPal USD (PYUSD) for transfers and payments, which is issued by Paxos and backed by U.S. dollar deposits, short-term U.S. treasuries, and cash equivalents. 


DAI deposit rate increased to 8%. 


On August 7, MakerDAO recently raised the deposit rate (DSR) of its stablecoin DAI from 3.19% to 8% through the EDSR mechanism, aiming to stimulate DAI growth and demand by enhancing the appeal of DSR. The increase in DSR led to a significant inflow of DAI, with the total amount rising from approximately $340 million to $1.18 billion.


2. Cryptocurrencies & Exchanges


On August 5, Ripple joined the global derivatives trade organization IDSA.


On August 8, Binance becomes first fully licensed crypto exchange in El Salvador.


On August 10, Coinbase's Base mainnet officially opened to the general public, featuring over 100 dapps and service providers as part of the Base ecosystem.


On August 11, Upbit suspended Delio and BitTrade digital asset deposits and withdrawals of more than 1 million won.


On August 11, Bittrex reached settlement with SEC, agreed to pay $24M fine.


On August 11, Ethereum Foundation engineer: Holešovice (Holesky) testnet is expected to launch on September 15.


On August 11, Sei Foundation Announcing Airdrop And Incentivized Testnet Rewards.


3. Regulatory Updates


On August 8, German regulator probed Worldcoin. 


On August 9, leader of a $120 million crypto Ponzi scheme in India arrested.


On August 9, Federal Reserve intensified scrutiny Of banks' crypto involvement.


On August 10, Taiwan's Financial Supervisory Commission (FSC) convened local cryptocurrency exchanges to discuss the guidance principles that will be issued in September.


On August 10, France’s financial regulator amended the registration requirements for crypto companies to comply with the EU MiCA regulations.


On August 10, Argentina's Data Protection Agency (AAIP) announced an investigation into Worldcoin's handling of personal data.


4. Market Updates


On August 5, the US Southern District Court of New York dismissed the class action lawsuit against Tether and Bitfinex.


On August 9, Virtune AB (Publ) launched Virtune Staked Ethereum ETP SEK on Nasdaq Stockholm. Stockholm.


On August 9, Binance's Indonesian CEX Tokocrypto is in talks with investors to expand operations.


On August 9, Aptos Labs established a new partnership with tech giant Microsoft.


On August 10, the SEC lawsuit against Ripple case was set for a jury trial in the second quarter of 2024. 


On August 10, Gnosis chain-based Compound fork Hundred Finance ceased operations.


On August 11, Bitwise revises Bitcoin Futures ETF to Bitcoin and Ether Strategy ETF.


5. Statements from Individuals/Organizations


On August 5, Elon Musk: X will never launch its native token.


On August 6, US presidential candidate Francis Suarez: Now take political donations in crypto.


On August 7, Hong Kong's Securities and Futures Commission (SFC): Some unlicensed VATPs use inappropriate operating methods.


On August 7, US House Financial Services Committee Chairman: Stablecoins hold promise as a pillar of our 21st-century payments system.


On August 8, Cathie Wood: The US SEC may approve multiple spot Bitcoin ETFs at the same time.


On August 8, Tether CTO: More than 325 million USDT have been redeemed, and redemption must comply with fiat system rules.


On August 11, CZ: Trust Wallet and Binance Wallet avoid using this flawed generator for mnemonic generation.

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