Investment Education

According to BlockBeats, as of July 16, data from CME's 'FedWatch' tool indicates a 91.2% probability that the Federal Reserve will keep interest rates unchanged in August, with an 8.8% chance of a 25 basis point rate cut.Looking ahead to September, the likelihood of the Federal Reserve maintaining the current interest rates drops to 0%. The probability of a cumulative 25 basis point rate cut stands at 85.7%, while the chances of a cumulative 50 basis point cut are at 13.7%. There is also a 0.5% probability of a cumulative 75 basis point rate cut.

According to Odaily, Terra has announced via X that the general deadline for filing claims in the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been set for August 10, 2024, at 5:00 AM Beijing Time. Users who have claims against TFL that arose before January 21, 2024, or July 1, 2024, must submit their claims before the general deadline.

According to Odaily, Federal Reserve's Mary Daly has indicated that policy adjustments are anticipated in the near future. Daly noted that there is growing confidence in achieving a sustainable pace to bring the inflation rate back to 2%.

According to BlockBeats, Federal Reserve Chair Jerome Powell stated on July 16 that the economy has performed well over the past few years. He anticipates that economic growth will slow down this year, while inflation will continue to make progress. Powell noted that the recent three inflation data points have indeed boosted confidence.Powell emphasized that no specific signals will be given regarding any particular meeting today. Decisions will be made based on evolving data and outlooks. With inflation now decreasing, the focus will shift to the Federal Reserve's dual mandate. Powell also mentioned that if the Fed waits until the inflation rate reaches 2% before cutting interest rates, it would be waiting too long.

According to Odaily, Federal Reserve official Austan Goolsbee has indicated that the moderate inflation data for June has strengthened his belief that price pressures are easing, which supports the case for interest rate cuts. Goolsbee expressed concerns that maintaining current interest rates could result in an overly stringent policy stance, as each month of declining inflation effectively raises the real short-term interest rates.

According to Odaily, the Hong Kong Securities and Futures Commission (SFC) has identified seven cryptocurrency exchanges operating without regulatory oversight. The exchanges listed as non-compliant include Taurusemex, Yomaex, Bitones.org, BTEPRO, CEG, XTCQT, and Bstorest. The SFC's action underscores its commitment to maintaining a secure and transparent financial market by ensuring that all trading platforms adhere to established regulatory standards. This move is part of a broader effort to protect investors and uphold the integrity of the financial system in Hong Kong.

According to Odaily, the Russian Ministry of Finance has proposed allowing licensed exchanges such as the Moscow Exchange and the St. Petersburg Exchange to offer digital currency trading services to selected qualified investors. Anatoly Aksakov, Chairman of the State Duma Financial Markets Committee, believes that Russia's largest exchanges are ready to handle cryptocurrency trading. He emphasized that once the legal framework is established, the exchanges should be able to commence crypto trading swiftly without any issues.

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According to BlockBeats, on July 15, Gurbir S. Grewal, the head of the U.S. Securities and Exchange Commission (SEC) Enforcement Division, discussed cryptocurrency regulation at a recent symposium hosted by the William & Mary Law Review at the College of William & Mary School of Business. Grewal emphasized the necessity of enforcing federal securities laws in the evolving cryptocurrency market. He highlighted that the principles established in the 1946 Supreme Court ruling in SEC v. Howey, which defined securities, still apply to new investment schemes, including crypto assets. Grewal pointed out the significant investor losses caused by fraudulent crypto activities and stressed the urgent need to address these harms. He mentioned numerous charges brought against issuers involved in unregistered and deceptive offerings. Grewal underscored that innovation and compliance with securities laws are not mutually exclusive. The SEC is committed to working with cryptocurrency entrepreneurs to ensure adherence to regulations while fostering technological advancement. He concluded by emphasizing the need for robust enforcement to maintain public trust, protect investors, and enhance confidence in financial markets.

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) is scheduled to hold a closed-door meeting on July 18. The agenda for this meeting includes discussions on solutions for enforcement actions. This has led to speculation that the regulatory body may be close to resolving its legal dispute with Ripple Labs. While the official agenda has not been disclosed, sources indicate that the meeting might cover the Ripple lawsuit and potential settlement options.