Planet Daily | The probability of the Federal Reserve cutting interest rates in September is 89.6%; Ethereum spot ETF tr

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Headlines

The probability of the Fed cutting interest rates by 25 basis points in September is 89.6%.

CME Fed Watch data shows:
The probability that the Federal Reserve will keep interest rates unchanged in August is 93.3%, and the probability of a 25 basis point rate cut is 6.7%.
The probability that the Federal Reserve will keep interest rates unchanged by September is 0%, the probability of a cumulative rate cut of 25 basis points is 89.6%, the probability of a cumulative rate cut of 50 basis points is 10.2%, and the probability of a cumulative rate cut of 75 basis points is 0.3%.

Ethereum spot ETF trading volume reaches $951 million on second day

On the second day of trading in the U.S. market, the Ethereum ETFs cumulative trading volume approached $1 billion.
Ethereum spot ETFs had a cumulative trading volume of about $951 million on Wednesday, according to Yahoo Finance data compiled by The Block Pro Research. On Tuesday, the funds’ first day on the market saw trading volume of $1.054 billion.
Grayscale Ethereum Trust (ticker: ETHE) once again led the way with approximately $492 million in trading volume, accounting for approximately 52% of total volume, followed by BlackRock’s iShares Ethereum Trust (ETHA) ($256 million) and Fidelity Ethereum Fund (FETH) ($113 million).
According to SosoValue data, these ETFs saw $106.7 million in net inflows on Tuesday, with total assets under management exceeding $10 billion. Grayscale Ethereum Trust experienced $484.1 million in net outflows, making it the only fund to experience outflows.

Layer 3 airdrop query page is now online

The Layer 3 Foundation officially announced on X that the airdrop query page for the L3 token has been launched.

Crypto asset management company Hashdex plans to launch an ETF that directly owns spot Bitcoin and Ethereum, thereby establishing the first index-based cryptocurrency ETF in the United States.
Hashdex filed a registration statement, also known as an S-1, with the U.S. Securities and Exchange Commission on Wednesday. The fund, called the Hashdex Nasdaq Crypto Index US ETF, will hold bitcoin and ethereum, but could later hold more assets depending on how the regulatory environment develops.
Bloomberg ETF analyst James Seyffart said the fund could add other assets if approved.

Fidelity FETH had a net inflow of $74.4 million yesterday, and BitWise ETHW had a net inflow of $29.5 million yesterday

Tree News cited Bloomberg data as saying:
Franklin EZET had a net inflow of $3.8 million yesterday;
BitWise ETHW had a net inflow of $29.5 million yesterday;
VanEck ETHV had a net inflow of $19.7 million yesterday;
Fidelity FETH saw a net inflow of $74.4 million yesterday.

Industry News

Bitstamp expects to distribute approximately 10,216 BTC to Mt. Gox creditors

According to on-chain analyst Yu Jin, Bitstamp announced that it will distribute BTC/BCH to creditors who have registered to receive compensation on Bitstamp starting tomorrow (7/25). Currently, the amount of BTC to be distributed by Bitstamp is about 10,216 (about US$676.05 million). These bitcoins were transferred to Bitstamp from the Mt.Gox address yesterday and today.

Galaxy CEO: The launch of Ethereum ETF further confirms that ETH is not a security

Michael Novogratz, CEO of Galaxy Digital Holdings Ltd., a digital asset financial services company, wrote on the X platform that the Ethereum ETF has changed the cryptocurrency industry, not only opening up new channels for Ethereum, but also providing much-needed regulatory clarity, confirming that ETH is not a security.

Lista DAO launches veLISTA and veToken governance models, holders can get a share of protocol revenue

Lista DAO announces the launch of the veLISTA and veToken governance model. LISTA is the governance token of LISTA DAO, which is distributed to users who participate in various protocol activities. Users can actively participate in protocol governance, including initiating proposals and voting, by locking LISTA to mint veLISTA (lockup period is up to 52 weeks).
At the same time, users holding veLISTA are eligible to receive a portion of the protocol revenue based on the number of positions held. Lista DAOs revenue sources include early claim fees from LISTA, lisUSD mining (coming soon) and borrowing fees, and ETH withdrawal fees; Lista DAOs costs include the lisUSD staking pool, Risk Buffer Fund, and operating expenses.

Market Forecast

10x Research: Bitcoin has risen 57% this year, and the crypto market is expected to further consolidate and grow

10x Research said in its latest market analysis report that BlackRock IBIT has received $19 billion in inflows so far this year, making it the fourth-best performing ETF this year. The top three are: Vanguards SP 500 ETF with inflows of $49.9 billion, BlackRocks SP 500 ETF with inflows of $34 billion, and Vanguards Total Stock Market ETF with inflows of $19.7 billion; Invescos QQQ Nasdaq ETF followed closely with inflows of $18.9 billion.
Driven by the spot ETF boom, Bitcoin has risen 57% year-to-date. Looking ahead, there are potentially more transformative events on the horizon, and Bitcoin and the broader crypto market are expected to see further consolidation and growth.

Project News

MonoSwap: Has been hacked, do not add liquidity or stake

Blast Ecosystem DEX MonoSwap posted on the X platform that it had been hacked, reminding users not to add liquidity or stake. If there are any staked positions, please withdraw them immediately to avoid capital loss.

Aave Security Module to Release New Version Umbrella, Intended to Introduce Features Such as Staking Assets and Automatic Forfeiture

Aave Safety Module is about to release a new version, Umbrella, which will introduce new features such as Aave aToken as a pledge asset, automatic slashing, Per-network staking, and improved incentive mechanisms.
Ultimately, this SM will remove the reliance on using AAVE as a SM backing asset and bring more “hard” assets into SM.

Solana’s DEX transaction volume surpassed Ethereum for the first time in the past 30 days, becoming the most commonly used blockchain network

Blockworks Research researcher Ryan Connor posted on the X platform that Solana has surpassed Ethereum for the first time in terms of decentralized exchange (DEX) trading volume in the past 30 days. By this standard, Solana has become the most commonly used chain.

This article is sourced from the internet: Planet Daily | The probability of the Federal Reserve cutting interest rates in September is 89.6%; Ethereum spot ETF trading volume reached US$951 million on the second day (07.25)

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