05:19 2025-06-29
Opinion: Stablecoins cannot save the dollar's credit in the short termMinsheng Securities released a research report saying that at least in the short term, stablecoins cannot save the credit of the US dollar from fire and water. The difference between stablecoins and gold is that, first, its supply may also be out of control and lack an objective constraint mechanism; second, it is not recognized as a reliable reserve asset globally. Minsheng Securities' main point of view is that the growth of the market value of stablecoins will mainly come from speculation, in...
05:10 2025-06-29
China Galaxy Securities: COMEX gold has the possibility of hitting $3,500 in the second half of the yearChina Galaxy Securities released the outlook for major asset categories in the second half of 2025: (1) Gold: COMEX gold price center may steadily break through $3,300/ounce, and even have the possibility of hitting $3,500/ounce in extreme risk scenarios. (2) Crude oil: If the geopolitical situation continues to ferment in the third quarter, transportation bottlenecks and seasonal demand season, the possibility of WTI oil prices hitting $75/barrel cannot be ruled out; in the fourth quarter, with...
03:42 2025-06-29
Coinbase Product Owner: Account limits have been reduced by 80%, fraud model improved by about 20%Dor, head of product at Coinbase, said in a post on the X platform that a fraud case was dealt with on Friday. After choosing to suspend the transaction and requesting more information from the user about the transaction, the account owner decided to reject the transaction and restrict the account due to the inability to contact the account owner. The purpose is to protect the user from unauthorized account access and withdrawal, but it caused a frustrating experience for a legitimate user (the ...
03:42 2025-06-29
Trader Unipcs makes $4 million on USELESS, fully recovers previous lossesAccording to Lookonchain, as the token $USELESS broke through an all-time high, Unipcs is currently making a profit of $4 million on $USELESS, fully recouping all previous losses.
Meanwhile, someone created a new wallet and withdrew $608,000 USDC from Coinbase to buy 4 million $USELESS.
03:21 2025-06-29
The US Senate has voted to pass the "Big and Beautiful" billAccording to CCTV international news, on June 28 local time, the US Senate passed a procedural motion by 51 votes to 49, which aims to advance the large-scale tax and spending bill called "big and beautiful" by US President Trump. After the procedural vote of the US Senate passed, the possibility of the bill passing in the next few days increased. It is reported that after the procedural motion is passed, the large-scale tax and spending bill will go through readings, debates, amendment votes an...
03:21 2025-06-29
CME Fed Watch: The probability of a 25 basis point rate cut in July is 18.6%According to CME "Fed Watch" data, the probability of a 25 basis point rate cut in July is 18.6%, and the probability of keeping rates unchanged is 81.4%.
The probability of the Federal Reserve keeping interest rates unchanged through September is 8.6%, the probability of a cumulative 25 basis point cut is 74.8%, and the probability of a cumulative 50 basis point cut is 16.6%.
The Federal Reserve's next two FOMC meetings will be held on July 30 and September 17, respectively.
02:56 2025-06-29
10X Research: Despite Coinbase's strong uptrend, regression models suggest it is overvalued10X Research released a report saying that its regression model shows that despite the strong upward trend in Coinbase's share price, its valuation is too high. The report also analyzed the reasons for Coinbase's rise:
Coinbase (share price above 7-day moving average - > bullish, also above 30-day moving average - > bullish, 1-week change + 47.8%) was driven by an increase in Bernstein's price target to $510, citing its stablecoin business and institutional services.
The Senate passed the GENIUS...