AICoin Daily Report (July 8)

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8 hours ago

1. Ripple CEO to Testify on Crypto Legislation in Senate

2. U.S. Government Drops Appeal in Tornado Cash Lawsuit

3. Federal Reserve Research Report Warns of Significant Zero Interest Rate Risk Ahead

Odaily Planet Daily reports that a recent research report jointly released by the New York Fed and the San Francisco Fed indicates that despite current short-term borrowing costs being relatively high, there remains a possibility that the Federal Reserve's short-term interest rate target could approach zero again in the coming years. The report, co-authored by New York Fed President Williams, shows that the medium to long-term risk of the Fed's interest rate target returning to ultra-low levels "is currently at the lower end of the range observed over the past fifteen years." However, researchers added that due to rising uncertainty recently, the likelihood of returning to near-zero interest rates in the medium to long term "remains significant." -Original

4. Trump Threatens Tax Hikes, Raising Market Concerns

The U.S. government has postponed the deadline for imposing tariffs to August 1, while Donald Trump has threatened to impose additional tariffs on countries allied with the BRICS nations. -Original

5. U.S. SEC Urges Resubmission of Solana ETF Application by End of July

Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) is urging issuers to modify and resubmit their spot Solana ETF applications by the end of July, suggesting that the approval process may be faster than expected. Previously, the REX-Osprey SOL and Staking ETFs received automatic approval and began trading last week under different regulatory rules, meaning the spot Solana ETF will join Bitcoin and Ethereum as the only approved spot cryptocurrency fund in the U.S., while applications for XRP, Dogecoin, and Litecoin are still pending. -Original

6. Vitalik Expresses Shift from Permissive Licensing to Focus on Copyleft

Odaily Planet Daily reports that Ethereum co-founder Vitalik Buterin stated that he has always supported permissive licensing, as he generally dislikes copyright from a philosophical perspective and appreciates the leftist copyright idea of "using copyright against itself." However, this perspective has now shifted, and he is now more focused on Copyleft, as open source has become mainstream, making it more feasible for companies to adopt open source. Companies like Google, Microsoft, and Huawei are embracing open source, and the competition in the cryptocurrency field is becoming increasingly fierce, driven by profit motives. -Original

7. BlackRock Stock Hits All-Time High

Odaily Planet Daily reports that BlackRock's stock price rose by 0.1% to $1,085.65, setting a new all-time high. -Original

8. U.S. Bitcoin ETFs See Net Inflows of 3,199 BTC, ETH ETFs See Inflows of 24,968 ETH

Today, 10 U.S. Bitcoin ETFs saw net inflows of 3,199 BTC, with Fidelity contributing 2,159 BTC. Fidelity currently holds 203,509 BTC, valued at $2.199 billion; 9 Ethereum ETFs saw net inflows of 24,968 ETH, with Fidelity contributing all 24,968 ETH. Fidelity currently holds 523,594 ETH, valued at $1.33 billion. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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