1.QCP: The macro situation is becoming more optimistic
QCP Capital said that the macro situation is becoming more optimistic, and the market now expects a 100% chance of a rate cut in September; despite the upcoming distribution of BTC by Mt Gox, the market found strong bids for BTC at over 65k; the ETH spot ETF looks to be a foregone conclusion, with analysts predicting trading will begin on July 23; Trump's selection of J.D. Vance as vice president is another positive catalyst. Vance holds BTC and is expected to lobby for cryptocurrency-friendly regulations if Trump is elected.
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2. Bloomberg issued a statement to apologize for the article titled "Zhao Changpeng's Ponzi Scheme"
Bloomberg Businessweek/Chinese version issued a statement, claiming that it made a serious mistake in the 250th issue of the magazine (July 6, 2022), publishing a false and unfounded cover title "Zhao Changpeng's Ponzi Scheme". The magazine unreservedly retracts and withdraws this offensive statement and apologizes to Mr. Zhao Changpeng and Binance. It is not clear whether Bloomberg's statement is related to the lawsuit.
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3. a16z Co-founder explains why he turned to support Trump
a16z co-founder Marc Andreessen said that he has been a Democrat for most of his life, but he will support Trump in the 2024 presidential election because the Biden administration stifles startups through excessive regulation and potentially unnecessary taxes, while the Trump administration will help innovation flourish. They disagree with the White House's current plan for "over-regulation" of artificial intelligence. Unlike the Biden administration, Trump's cryptocurrency regulatory plan is a "comprehensive recognition of the entire field." Biden's proposal to tax unrealized capital gains forced him to vote for Trump.
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4. Trump: Will issue the fourth NFT; The Federal Reserve should avoid cutting interest rates before November
Trump said in the interview, "The previous series was very successful, selling out 45,000 cards in one day, and I plan to do it again because people want me to do it again." In May of this year, Trump's campaign team began accepting cryptocurrency donations. According to the Wall Street Journal, citing data from the Federal Election Commission, of the approximately $331 million raised by Trump's campaign last quarter, about $3 million was in cryptocurrency. Trump also said that if he wins, he will allow Jerome Powell to complete his term as chairman of the Federal Reserve until May 2026; the Federal Reserve should avoid cutting interest rates before the November election; the corporate tax rate will be reduced to 15%, and there is no plan to ban TikTok; JPMorgan Chase CEO Jamie Dimon is considered to be the Secretary of the Treasury.
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5. Exiled Chinese businessman Guo Wengui was convicted by the US government for running a multi-billion dollar scam and had planned the crypto project H-Coin
Exiled Chinese businessman Guo Wengui, also known as Miles Guo, has been convicted of defrauding his supporters through a multi-billion dollar scam through his company GTV Media Group. A jury unanimously found Miles Guo guilty on charges of racketeering conspiracy, securities fraud, wire fraud, and money laundering, and he faces decades in prison. In addition to the criminal trial, the SEC also charged Guo with masterminding a cryptocurrency project called H-Coin that raised $500 million by falsely claiming it was 20% backed by gold. Notably, Guo has long been associated with political strategist Steve Bannon, who briefly served in the Trump White House.
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