News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Share link:In this post: German business confidence is the highest it’s been in over two years. Government plans to spend more on infrastructure and defense are lifting hopes. The economy shows signs of recovery, with slight growth expected in 2025.
Share link:In this post: Ethereum core developer proposes cutting slot time from 12 to 6 seconds in EIP-7782, potentially doubling block production speed. The change, targeting the 2026 Glamsterdam upgrade, promises faster confirmations and improved DeFi performance without increasing gas throughput. Developers face technical challenges in implementation, including backward compatibility and infrastructure updates to support new timing logic.
Share link:In this post: Elon Musk gained $19 billion in one day, becoming the world’s richest billionaire after Tesla launched its robotaxi service in Austin. The robotaxi debut boosted Tesla’s stock by 8%, but analysts remain cautious, warning of overvaluation and technical hurdles. U.S. regulators are investigating Tesla’s robotaxis after videos showed potential safety issues, including lane violations and speeding.
Share link:In this post: Top central bankers said stablecoins “perform badly” as money, contradicting U.S. President Donald Trump’s push to make them a pillar of mainstream finance. The Bank for International Settlements (BIS) claimed that stablecoins failed the three main tests of any money because they lacked backing from central banks. Outgoing head of the BIS, Agustin Carstens, said that realizing the full potential of stablecoins required taking bold action.
Share link:In this post: US markets open in the green as Rep. Al Green files an impeachment article against President Trump over unauthorized Iran strikes. Trump-linked stocks and meme tokens surge; oil prices fall amid Middle East ceasefire hopes. Green accuses Trump of violating war powers; White House says the US seeks peace, not prolonged conflict.
Share link:In this post: Powell told Congress the Fed won’t cut rates soon and wants more inflation data first. Michelle Bowman and Christopher Waller support a July rate cut if prices stay low. The Fed’s internal forecast shows a split, with no clear agreement on future cuts.
Share link:In this post: Goldman Sachs CEO urged Europe to reconsider its extensive regulatory requirements. He believes the regulations are overbearing, duplicative, and costly to companies. Solomon also warned that the EU’s biggest challenge is that countries can veto reforms to protect narrow national interests.
- 18:26Fed Minutes Reveal U.S. Financial System Remains Significantly FragileAccording to ChainCatcher, citing Jintou, the Federal Reserve released the minutes of its July meeting, indicating that the stability of the U.S. financial system is still described as "significantly" fragile. Staff assessments show that asset valuation pressures remain high, stock market price-to-earnings ratios are at historical highs, and high-yield corporate bond spreads have narrowed significantly. Although the household debt-to-GDP ratio is at its lowest level in the past 20 years and household balance sheets remain robust, private sector debt is growing rapidly and interest coverage ratios have fallen to historic lows, suggesting that vulnerabilities in this sector may be intensifying.
- 18:25Federal Reserve Meeting Minutes: Commodity Price Increases Expected to Be Lower Than Previously AnticipatedAccording to a report by Jinse Finance, the Federal Reserve has released the minutes of its July meeting, which noted that staff projections for real GDP growth from this year through 2027 are similar to those made at the June meeting, reflecting offsetting effects from various forecast revisions. Staff expect that the increase in the cost of imported goods, including tariffs, will be smaller and occur later than previously projected; in addition, financial conditions are expected to provide somewhat stronger support for output growth. However, these positive impacts on the economic outlook are offset by weaker-than-expected spending data and the effect of net immigration on population growth being lower than assumed. Staff continue to expect the labor market to weaken, with the unemployment rate likely to rise above the staff’s estimated natural rate of unemployment around the end of this year and remain above the natural rate through 2027.
- 18:25Fed Minutes Indicate Commodity Cost Increases Will Be Lower Than ExpectedAccording to ChainCatcher, citing Jinshi News, the Federal Reserve has released the minutes of its July meeting, projecting that real GDP growth from this year through 2027 will be similar to the forecasts made at the June meeting. Staff noted that the increase in the cost of imported goods, including tariffs, will be smaller than previously predicted and that the timing of these increases will be delayed. Although financial conditions are expected to support output growth, weaker-than-expected spending data and the impact of net immigration on population growth falling short of assumptions will continue to affect the economic outlook. The unemployment rate is expected to rise above the natural rate of unemployment around the end of this year and remain above the natural rate through 2027.