1.Fed Governor Bowman: Be cautious about rate cuts

1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.

According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending.

Former US President Donald Trump is reportedly planning to release a fourth NFT collection, as he continues to embrace the crypto industry. In a recent interview with Bloomberg Businessweek, Trump stated that his previous NFT collections were "very successful" and sold out in a day. He also revealed that he plans to release another collection, as his supporters are demanding it. Trump's campaign has also started accepting crypto donations, and he has been vocal about the importance of the US not falling behind China in the crypto industry.

Despite hopes from industry participants, the topic of crypto was not discussed during the first general debate of the 2024 U.S. presidential election between Joe Biden and Donald Trump. The debate, hosted by CNN, primarily focused on the economy, with brief mentions of other issues such as abortion, immigration, and foreign policy. While crypto has been a talking point throughout the election cycle, neither candidate made any significant statements about it during the debate. The crypto industry is hoping for a Congress and administration that will pass legislation friendly to digital asset businesses, and is looking to repeat the massive spending on elections from 2022.

1. British media: 61,000 Bitcoins in Qian Zhimin case may belong to British police and Home Office

1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days

Yuga Labs and Improbable announced the migration of Otherside Metaverse to Improbable's Msquared, which is Improbable's interconnected Metaverse network. By rebuilding Otherside, Yuga Labs will provide the community with the ability to build in large-scale environments and interoperability. Improbable and Yuga Labs also announced other news about the development of Otherside, including a large multiplayer game event in July and the launch of Otherside development toolkit World Builder ODK.

According to CNBC, Improbable, the development company behind Yuga Labs' metaverse Otherside, which acquired multiplayer game service company The Multiplayer Group (MPG) in 2019, has sold it to Keywords Studios for £76.5 million (approximately $97.1 million).Improbable co-founder and CEO Herman Narula said the deal is part of its "venture investment" strategy, which involves investing in or acquiring teams related to gaming and metaverse, and choosing to expand or split these teams later. While this move suggests that Improbable may reduce its investment in gaming, Narula does not believe that selling MPG means it is reducing its business in this area. Narula said: "We will not sell any technology, nor will we stop working with gaming companies."Keywords, headquartered in Ireland, has more than 70 studios in Los Angeles, France, Brazil, Mexico, and Spain, mainly developing games for third-party developers. MPG was founded in 2018 and is known for its work on games such as "Fallout 76" and "Medal of Honor: Above and Beyond".