ChainCatcher news, Goldman Sachs has lowered its forecast for U.S. Treasury yields, indicating an increased likelihood that the Federal Reserve will cut rates earlier than previously expected. Strategists, including George Cole, wrote in a report on July 3 that they expect the yields on two-year and ten-year U.S. Treasuries to drop to 3.45% and 4.20%, respectively, down from previous expectations of 3.85% and 4.50% for these benchmark yields by the end of the year.Prior to this, Goldman Sachs economists revised their expectations for Fed rate cuts within the year. Before the latest predictions from the Goldman Sachs economic team were released, the U.S. reported strong employment data on Thursday, easing pressure on the Fed. However, Goldman Sachs rate strategists were not discouraged, noting that the significant contribution from government hiring and a slight decline in labor force participation weakened the strength of the data.

ChainCatcher news, Morgan Stanley analysts stated in a research report that the likelihood of the Federal Reserve lowering interest rates in the next two meetings remains low. The market's expectation for a rate cut in July has risen from 8% to 20%, while the expectation for a rate cut in September has increased from 60% to 90%.However, analysts noted that most Federal Reserve officials support Powell's cautious stance and are unlikely to quickly endorse a rate cut. Analysts expect the upcoming employment report to be relatively robust, with a slowdown in growth but no signs of cracks that would prompt the Federal Reserve to accelerate action.

ChainCatcher news, according to Nate Geraci, president of The ETF Store, in a post on X: "The U.S. Securities and Exchange Commission (SEC) will face the final approval deadline for the Grayscale Digital Large Cap ETF (GDLC) this week, which holds BTC, ETH, XRP, SOL, and ADA. The likelihood of approval is high. Once approved, subsequent spot ETFs for single assets like XRP, SOL, and ADA may follow.If the SEC approves GDLC, there is an additional benefit that can serve as a 'trial run' for incorporating more crypto assets into the ETF framework. Currently, XRP, SOL, and ADA together account for less than 10% of GDLC's holdings, which would be a gentle way for regulators to gradually engage with other crypto assets."

ChainCatcher news, OneKey founder Yishi publicly stated about "Curve ecosystem DeFi protocol Resupply suffering a price manipulation attack resulting in a loss of $9.6 million," demanding that Curve provide a fair solution for every investor and return the user funds lost due to serious technical errors by the project team.Yishi revealed that he is one of the three major investors in Resupply, and the losses from this incident amount to millions of dollars. He accused the team of banning reasonable questioners on Discord and lacking the necessary accountability. He emphasized that the vulnerability stemmed from the failure to destroy the initial shares when deploying the ERC4626 vault, allowing attackers to mint shares at almost zero cost and drain the vault, which constitutes a protocol-level design and deployment error.Yishi stated that it is unreasonable for the Resupply team to shift the losses onto the insurance pool depositors, as the insurance pool is meant for black swan events and market fluctuations, not to cover the team's technical negligence. He also pointed out that Curve, Convex, and Yearn had participated in supporting Resupply in various forms and had gained actual benefits from it, and should not shirk responsibility afterward. He called for the relevant parties to bear the necessary costs and return user assets.In response to the incident, Curve stated this morning, "Although Resupply was not developed by the Curve team, its creators are experienced, and we believe they will do their best to address the issue. The insurance pool is intended to provide protection for such security incidents, and any recovered assets should be prioritized for processing."

ChainCatcher news, according to The Washington Post, the investment platform Republic announced that it will launch a blockchain-based digital token this week, allowing ordinary investors to indirectly invest in SpaceX, a company owned by Elon Musk.These tokens will reflect the performance of SpaceX's private shares, providing ordinary investors with the opportunity to access popular startups. Republic plans to expand this tokenization model to other well-known private companies such as OpenAI and Anthropic in the future.It is reported that SpaceX is expected to generate nearly $16 billion in revenue by 2025, as the company continues to advance its Mars missions and other space projects.

ChainCatcher news, according to The Block, the Bank for International Settlements (BIS) stated in a report released on Tuesday that stablecoins do not qualify as money. The institution, known as the "central bank of central banks," pointed out in the report that digital assets pegged to fiat currencies failed to meet the "three key tests" required to constitute the core of a monetary system: singleness, elasticity, and integrity.The authors of the report wrote in this annual publication, "It remains to be seen what role stablecoins will play in the future monetary system." The report focuses on the next generation of financial systems. "However, stablecoins perform poorly in the three core characteristics necessary for building a sound monetary system, and therefore cannot serve as a pillar of the future monetary system." Nevertheless, the report also acknowledges that stablecoins have certain advantages, such as programmability, pseudonymity, and providing convenient access for new users.Additionally, from a technical perspective, they have the potential to offer lower costs and faster transaction speeds in cross-border payments. However, the authors also pointed out that compared to currencies issued by central banks and instruments issued by commercial banks and other private entities, stablecoins may pose systemic risks, such as undermining government monetary sovereignty (sometimes achieved through "implicit dollarization") and facilitating illegal activities. Although stablecoins play a clear role as channels for funds in and out of the crypto ecosystem and are widely used in countries with high inflation, strict capital controls, or limited access to dollar accounts, the BIS stated that these assets should not be viewed as "cash."

ChainCatcher news, according to Jinshi Data, U.S. short-term interest rate futures have slightly declined, as traders believe the likelihood of the Federal Reserve cutting interest rates early has decreased.

ChainCatcher news, a research team from MIT, Wellesley College, and the Massachusetts College of Art and Design has recently discovered that long-term reliance on large language models (LLMs) like ChatGPT may impair cognitive abilities.The study shows that participants using AI for writing have only half the number of Alpha wave connections in their brains compared to independent thinkers (42 vs. 79), and 83.3% are unable to accurately cite their own article content. The researchers refer to this phenomenon as "cognitive debt"—which alleviates the mental burden in the short term but leads to a decline in critical thinking and creativity in the long term.

ChainCatcher news, the Cybernews research team disclosed that 16 billion login credentials from online service providers including Apple, Google, and Facebook have been leaked, with a single database containing up to 3.5 billion records. Researchers found that this data was primarily exposed through unencrypted Elasticsearch or object storage instances, with the leaked data including access tokens, session cookies, and account metadata stolen by information-stealing malware.The identity of the original data holders is currently unclear, but researchers have confirmed that some databases may belong to cybercriminal organizations. Attackers may exploit the leaked credentials to launch targeted account takeovers, particularly on platforms hosting wallets or associated email accounts. Security experts recommend that users immediately update their passwords, enable two-factor authentication, and avoid storing recovery phrases in non-secure digital environments.

ChainCatcher news, according to Cointelegraph, entrepreneur and author of "Rich Dad Poor Dad" Robert Kiyosaki stated that the poor focus on price, while the rich focus on quantity, adding that he is more concerned about how much Bitcoin he owns rather than the price.He predicts, "By 2030, the price of Bitcoin is likely to reach $1 million per coin." This prediction aligns with Kiyosaki's long-term view of Bitcoin as a means of preserving wealth, as he believes Bitcoin is a way to protect personal wealth in an uncertain economic environment.

ChainCatcher news, according to The Block, the digital asset brokerage and research firm K33 stated that as the U.S. Securities and Exchange Commission (SEC) becomes more favorable towards cryptocurrencies, it may approve the launch of new spot altcoin ETFs in the coming months, providing investors with some compelling long-short strategy opportunities.Currently, eight institutions have submitted applications for a spot Solana (SOL) ETF, and the SEC has proactively contacted asset management companies, requesting them to include staking provisions in their updated application documents. K33 analyst Lunde pointed out that this indicates an increased level of engagement from regulators and raises the likelihood that Ethereum and Solana ETFs may include staking features. Additionally, there are ETF applications for other crypto assets such as LTC, XRP, and DOGE, besides Solana.Lunde mentioned that when Bitcoin and Ethereum ETFs were launched, a so-called "Grayscale effect" occurred—where Grayscale's trust funds, after converting to ETFs, saw a massive influx of holdings into the market, leading to over 50% of assets under management being sold off within 200 days. However, the situation for potential new ETF assets differs from Grayscale's case. Unlike XRP and Dogecoin, Grayscale's Solana and Litecoin trusts have been trading on the public market, thus serving as a more direct reference.Lunde stated that Grayscale's Solana trust launched in 2023 has never traded at a discount and only holds 0.1% of the total SOL supply, resulting in a lower risk of market sell-off. In contrast, Grayscale's Litecoin trust frequently trades at a discount, holding 2.65% of the total LTC supply, and is facing discount pressure again after recent physical purchases. Furthermore, currently, only two institutions, Canary Capital and CoinShares, have applied for a Litecoin ETF, which means market liquidity may be low, making it difficult to absorb potential sell-off pressure.Lunde believes that the structure of the Solana ETF is clearer, while the Litecoin product may face capital outflows similar to what happened after the conversion of GBTC and ETHE. Therefore, after the ETF launches, a trading strategy that goes long on SOL while shorting LTC may be attractive, especially if both are listed simultaneously.

ChainCatcher news, according to Cointelegraph, BitMEX founder Arthur Hayes warned in an article on Monday that a new wave of stablecoin companies is attempting to emulate Circle's successful IPO, but most will be overvalued and may fail due to locked distribution channels. He pointed out that viable distribution channels are limited to cryptocurrency exchanges, Web2 social media giants, and traditional banks, making it difficult for newcomers to access these channels.Hayes believes that Circle (CRCL) is currently "overvalued," but its price may continue to rise. He also warned investors not to short these new stocks, as pro-crypto sentiment in the U.S. and the "stablecoin frenzy" narrative could drive prices higher.

ChainCatcher news, according to Cointelegraph, even during market consolidation, Bitcoin traders are not feeling pessimistic about the price trend of Bitcoin. Currently, the community consensus is not bearish, and many believe that the bull market is far from over, with many thinking that Bitcoin is preparing for a new round of price discovery.Trader Alan Tardigrade stated that Bitcoin is showing an ascending expanding wedge upward trend, and since 2023, whenever this signal has appeared, Bitcoin has risen by 49%, 125%, and 68% respectively.Another trader, Merlijn, pointed out that Bitcoin's current trend is showing a classic price bottom structure in an inverted head and shoulders pattern, with a recent target price potentially reaching $140,000.

ChainCatcher news, according to Cointelegraph, although veteran trader Peter Brandt suggested on X that Bitcoin might repeat the pattern of 2022 and pull back 75%, cryptocurrency analysts are skeptical. Swyftx chief analyst Pav Hundal stated, "Never say never; it just feels unlikely at the moment."In November 2021, Bitcoin reached an all-time high of $69,000, but it fell about 76% over the following 12 months, dropping to around $16,195 by November 2022. The question raised by Brandt in his X post sparked widespread discussion in the community.

ChainCatcher news, according to Jinshi reports, Trump stated that Musk indeed likes me. I like Tesla (TSLA.O) and also other electric vehicle companies. The legislation will eliminate mandatory regulations for electric vehicles, and the court does not need to intervene. I hope to have talks with Musk regarding electric vehicles.

ChainCatcher news, Exinity Group Chief Market Analyst Han Tan stated: "The market is well aware that the path to a trade agreement between major economies is not smooth. As long as there is a risk of further escalation in global trade tensions, or even just maintaining high levels for a longer period, gold should continue to find support."CPI may provide investors with more guidance on the Fed's policy path. "The market expects CPI data to rise, which should suppress the likelihood of a Fed rate cut," Tan added. "We expect silver prices to reach $38 per ounce in the coming months. Market deficits and a weakening dollar are key factors for further price increases, potentially testing $40 per ounce."

ChainCatcher message, HSBC analyst Elizabeth Martins said in a report that UK employment data could reverse the situation, favoring a rate cut by the Bank of England in August. Slowing wage growth and rising unemployment have increased market pricing for this outcome.Recent policies may push wage growth in the opposite direction: new wage taxes could reduce wage growth, while an increase in the minimum wage could boost wage growth. The answer seems to be that so far the Bank of England has been too dovish. Even with May's inflation data coming in weaker than expected, it is not enough to prompt Bank of England policymakers to cut rates next week.

ChainCatcher news, according to Fortune magazine, the crypto industry has long been searching for a "killer app" to truly bring blockchain into the mainstream financial sector— and stablecoins may be the answer they have been dreaming of. Stablecoins are digital tokens pegged to fiat currencies like the US dollar, and banks and fintech companies are rapidly adopting this technology, with major tech companies also looking to join the ranks.According to insiders, Apple, X (formerly Twitter), Airbnb, and Google are all in early discussions with crypto companies to explore how to integrate stablecoins. These insiders told Fortune magazine anonymously that these tech companies believe adopting stablecoins could lower transaction costs and optimize cross-border payment processes.Not only Apple, X, Airbnb, and Google, but Meta (formerly Facebook) is also making a return to the payment technology space, refocusing on the potential of stablecoins— despite its previous grand crypto project failing due to regulatory pressure. Uber CEO Dara Khosrowshahi stated at a Bloomberg conference this Thursday that Uber is in the research phase, considering using stablecoins for global money transfers.The interest from tech giants comes at a time when stablecoins are attracting significant venture capital funding and legislative attention. The U.S. Congress is currently considering two bills aimed at regulating the stablecoin asset class. Meanwhile, payment giant Stripe recently acquired the stablecoin startup Bridge, a deal seen as a watershed moment for Silicon Valley's serious consideration of this technology.