Federal Reserve Keeps Interest Rates Unchanged, Binance.US Plans to Launch Prediction Market

The Federal Reserve has kept interest rates unchanged. Binance.US will apply for a license from the CFTC next month to launch a prediction market. Hawkins County in Tennessee has passed a ban prohibiting the operation of cryptocurrency mining facilities and data centers. Meta reported record revenue, but AI costs have dragged down its stock price. Waller reiterated the 2% inflation target, stating there is no "soft target." JP Morgan indicated that the process of closing leveraged ETFs in South Korea has been completed, with hedge funds achieving 90% deleveraging. Ethereum Institutional has completed its fundraising, with BitMine, SharpLink, and others leading the investment. In Q2, the total financing and mergers and acquisitions in the cryptocurrency industry reached $12.86 billion, with debt financing becoming the second-largest source. Metaplanet has launched the first phase of Bitbonds issuance in Japan, offering an annual interest rate of 4%. Bernstein has adjusted Circle's target price from $190 to $140, determining that the threat from Open USD will diminish.

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