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The Fed's interest rate decision and non-farm payroll report are coming, the crypto market is following regulatory developments and on-chain large transactions.
Macroeconomic and Financial Market Outlook
Next week will see the release of important economic data and financial events, among which the most anticipated are the Federal Reserve's interest rate decision and the non-farm payroll report. Recently, the US stock market has continued to rise under the influence of multiple favorable factors, with the S&P 500 index and the Nasdaq index consecutively reaching historical highs.
The Federal Reserve will announce its interest rate decision on Wednesday, with the market widely expecting the current rate to remain unchanged. At the same time, the U.S. GDP data for the second quarter will also be released that day, providing important reference for assessing the economic situation. The non-farm payroll report on Friday will reflect the latest trends in the labor market.
In addition, events such as the China-U.S. economic and trade negotiations and the Bank of Japan's interest rate decision are also worth paying attention to. Particularly, August 1 is the deadline for the U.S. to impose additional tariffs on China, and the market will closely monitor the progress of negotiations between the two sides.
Cryptocurrency Industry Dynamics
Regulatory and Risk Warning
Recently, financial management departments in multiple regions have issued risk warnings, reminding the public to be cautious of illegal activities that use "stablecoins" as a gimmick. Regulatory agencies urge consumers to choose licensed and legitimate financial institutions, establish the correct investment philosophy, and stay away from unapproved digital asset investment projects.
Market Research
The latest Gallup poll shows that 14% of American adults own cryptocurrency, but 60% of respondents indicated they have no intention to buy. Among investors who understand cryptocurrency, 64% consider this asset class to be "extremely high risk." The survey also found that young men and high-income groups are more accepting of cryptocurrency.
Project Progress
Ethereum will hold a 10th anniversary celebration live stream on July 30, where founder Vitalik Buterin and other core contributors will give speeches. At the same time, a limited-time 24-hour free commemorative NFT minting event will be launched.
A trading platform announced the launch of Verasity (VRA) tokens and is conducting airdrop activities with point thresholds.
On-chain Data
Two addresses holding over 10 million USDT have been frozen. A whale trader's long position remains profitable by about 33 million dollars after a week of market fluctuations. One address purchased 30,366 ETH within 28 hours, valued at approximately 114 million dollars.
The Ethereum PoS network's exit queue has increased to 699,800 coins, with withdrawal delays exceeding 12 days. Some analysts believe this may be related to the 2% staking rewards offered by a certain platform.
An investor sold 2,270 ETH on-chain at a price of $3,754, making a profit of approximately $4.46 million. The investor purchased the ETH 4 months ago at a price of $1,787.