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Standard Chartered analysts shared their expectations for the FED chairman's speech tomorrow in their new report.



Ahead of a crucial bankruptcy hearing, FTX's reorganization plan receives 95% approval from creditors, resolving issues with asset value and taxable events.

Kansas City FED President Jeffrey Schmid, who was appointed as a FED member and is known for his hawkish stance, spoke about interest rate cuts.



Quick Take Digital Currency Group has fully repaid its short-term debts as of June, the company announced in a quarterly shareholder letter this week. Its only remaining debt is a $1.1 billion promissory note due to its bankrupt crypto-lending unit Genesis in eight years.
- 03:57Chairman of the U.S. Digital Assets Subcommittee Cancels Meeting with Ripple CEO and Will Not RescheduleAccording to a report by Jinse Finance, Ripple CEO Brad Garlinghouse posted on the X platform stating that he is heading to Washington D.C. to advocate for reasonable cryptocurrency-supportive legislation regarding stablecoins and market structure. He urged U.S. government officials to view cryptocurrencies in the manner they deserve. However, Cynthia Lummis, Chair of the U.S. Digital Assets Subcommittee and Senator, canceled their meeting and will not reschedule. Brad Garlinghouse called on Cynthia Lummis to reconsider the meeting to jointly discuss how to make the U.S. the world's cryptocurrency capital.
- 03:53Lido Releases Ethereum Auxiliary Proposer Mechanism (APM) FrameworkAccording to a report by Jinse Finance, Lido has released the Ethereum Auxiliary Proposer Mechanism (APM) framework. Ethereum is evolving through mechanisms such as Proposer-Builder Separation (PBS) and pre-confirmation. The APM framework will assist node operators in adopting these mechanisms as safely as possible, balancing efficiency, rewards, and decentralization. Additionally, LidoDAO has proposed the establishment of an APM committee, with a vote to be held soon.
- 03:30A Whale Uses 3.88 Million USDC to Open a 25x Short on ETHAccording to a report by Jinse Finance, monitored by Onchain Lens, a certain whale deposited 3.88 million USDC into HyperLiquid about 16 minutes ago and opened a 25x leveraged short position on ETH.