ECB's Stournaras: Two more rate cuts this year seem reasonable

ECB committee member Stournaras stated that it seems reasonable to cut interest rates twice this year; recent data strengthens the case for further rate cuts; even with two more cuts, the central bank's interest rate will still be at a restrictive level; service inflation should not be overinterpreted.

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Cointime July 7th News Express

1, Ethereum L2 TVL rebounds slightly to above $39 billion
Binance: Bitcoin miners record longest streak of net selling since 2017

Binance released its market insights for July, including:
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Could a financial crisis end crypto’s bull run?

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Bitcoin or bust: Companies add BTC to treasury for long-term potential

Corporations are increasingly adopting Bitcoin as a treasury asset, with companies like MicroStrategy, Tesla and Coinbase leading the charge.
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ZkSync denies NFT ‘insider minting,’ claims some minters attended events

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Politicians may be using crypto to influence the US elections

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NFTs and blockchain bridge Ethiopia’s past and present in new art exhibition

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Glassnode: The current real market value of Bitcoin is $50,000

Glassnode analysis shows that the current Bitcoin price is still in the enthusiastic bull market phase, quickly falling back after entering the frenzy zone. The real market average is $50,000, representing the average cost basis of each active investor. If the macro bull market is expected to continue, this level is still a key price level that the market needs to maintain above. The unrealized profit of Bitcoin indicates that the market may be overheated, with the current value being $92,000. The breakeven level of the short-term holder group is $64,000, and the current spot price is below this level but is attempting to recover. It is worth noting that only 7% of trading days recorded a spot price lower than the -1 standard deviation band, making it a relatively rare occurrence.
Cointime July 6th News Express

1.Fidelity FBTC net inflow of $117.4 million on July 5 2.Grayscale survey: If Ethereum spot ETF is approved, nearly 1/4 of potential American voters will be more interested in investing 3.A whale deposited 561,782 UNI to Binance 3 hours ago 4.UwUlend attacker has transferred 1000 ETH to Tornado cash 5.A certain address deposited 3 million ONDO to Bybit again, equivalent to about 2.95 million US dollars 6.US Bitcoin spot ETFs saw a net inflow of $143.1 million yesterday7.Ethereum Liquidity Restaking Protocol TVL is $11.225 billion8.Ethereum on-chain DEX transaction volume exceeded $3.2 billion yesterday 9.The balance of Binance Bitcoin wallet increased by 9914.77 in the past 7 days 10.CryptoQuant founder: Bitcoin currently sold by governments accounts for only 4% of the $224 billion bull market inflow
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Bitcoin miners ‘near capitulation’ as profits dry up alongside BTC sell-off

CryptoQuant analysts say Bitcoin miners are showing signs of “capitulation” as profit margins tighten in the post-halving climate and BTC price falls close to $50,000.