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  • 04:13
    US Treasury Secretary Reiterates Rate Cut Before September, Says Fed Misjudged Inflation Rise
    BlockBeats News, July 3 — Nick Timiraos, a Wall Street Journal reporter often referred to as the “Fed whisperer,” wrote that U.S. Treasury Secretary Bessent once again stated in an interview that the Federal Reserve should be able to cut interest rates before September, based on its own criteria for rate cuts. Bessent said, “I believe that if the criterion for rate cuts is that tariffs will not lead to inflation, and if the Fed is going to follow this standard, then they can act ahead of time, but certainly before September. However, I do not agree with the Fed’s standard, but if they are going to follow it, then why not implement it in the fall?” Bessent stated that the Fed’s inflation forecasts have been wrong, but he does not question the Fed’s view that economic growth will slow, and said that the forecast of slower growth should prompt the Fed to resume rate cuts. Bessent previously said he would not comment on future monetary policy.
  • 04:12
    Total Cryptocurrency Market Cap Rises to $3.485 Trillion, with Select Altcoins and Meme Tokens Leading the Rally
    BlockBeats News, July 3 — According to market data from a certain exchange, the crypto market has started to rebound, with the total cryptocurrency market capitalization rising to $3.485 trillion, marking a 1.5% increase over the past 24 hours. Some altcoins and meme tokens have seen significant gains, including: NEIRO up 31.92% in 24 hours, currently trading at $0.00047; AWE up 31.5% in 24 hours, currently trading at $0.07; BONK up 19.3% in 24 hours, currently trading at $0.000016; TIA up 17.68% in 24 hours, currently trading at $1.604; WIF up 16.35% in 24 hours, currently trading at $0.917; BOME up 15.57% in 24 hours, currently trading at $0.00166; ORDI up 15.4% in 24 hours, currently trading at $8.11.
  • 04:12
    Vana Ecosystem Project Unwrapped DataDAO Decides to Sell Its Spotify Data to AI-Native Platform SoloAI
    BlockBeats News, July 2 — The community autonomous organization Unwrapped DataDAO, composed of Spotify users, has overwhelmingly approved a proposal to license its first data set to the AI-native platform SoloAI, with a 99.48% majority vote. This marks the first time that ordinary users have collectively monetized their data assets through blockchain technology. It is reported that Unwrapped members aggregate their Spotify listening data on the platform and receive tokenized rewards. The data set is governed on-chain, with contributors jointly voting to decide on commercial cooperation with SoloAI. As a pioneering AI-driven entertainment platform, SoloAI enables users with no musical background to easily create, share, and monetize music works through AI. It features virtual artists called "VTuber Agents," which are capable of real-time composition, performance, and audience interaction. This transaction was completed via the Vana decentralized infrastructure.
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