Wrapped Bitcoin had 326 WBTC transferred out of the exchange in a single day, marking the largest net outflow since early June. （Santiment）

Shunyet Jan, Binance’s head of spot trading and derivatives, said the exchange is focusing more on payments and financial services than on trading alone as it drives the next phase of its expansion.

The bill, as currently drafted, has the power to stop sanctions evasion at scale, argues Ari Redbord, global head of policy at TRM Labs.

Federal Reserve's Gulsby said that the June CPI data was good, but emphasized that the monthly data should not be overinterpreted. AI interpretation: This statement clearly affirms the positive progress of the downward trend in inflation, but by emphasizing the limitations of monthly data, it aims to calm the market's excessive optimism about the pace of interest rate cuts. Federal Reserve officials maintain a cautious stance, aiming to prevent premature easing of financial conditions by managing expectations. This statement reinforces the logic of policy makers relying on data for decision-making, that is, interest rates will remain at a restrictive level until it is confirmed that inflation continues to fall. This balancing technique effectively suppresses the market's pricing of aggressive interest rate cuts in the short term, ensuring the stability of monetary policy.

The Federal Reserve accepted a total of $278 million from four counterparties in fixed rate reverse repurchase operations.