NFT News Today TheBittimes.com

1. Powell: If Inflation Targets Are Met, Fed May Cut Rates as Early as September link Federal Reserve Chairman Jerome Powell stated that if inflation meets the necessary criteria, an interest rate cut could be considered as early as September. Powell noted, “The question is whether the overall data, the evolving outlook, and the balance of risks are consistent with increased confidence in inflation and a stable labor market. If these conditions are met, we might consider a rate cut at the next meeting in September.” He emphasized that the decision on rate cuts would not be influenced by the upcoming presidential election, and the Federal Reserve would remain completely neutral. Powell made it clear that a 50 basis point rate cut is currently not being considered. Previously, the Federal Reserve announced that it would keep interest rates unchanged at 5.25–5.5%, in line with market expectations. According to the FOMC statement, recent indicators show that economic activity continues to ...

Author: @Web3Mario Compiled by: WuBlockchain Community Debate Focus: Is Interaction Key or is Capital Key For a long time, the Web3 industry seemed to have established a paradigm of attracting users through airdrops to achieve project bootstrapping. This is especially true in the Layer 2 sector, where guiding developers and users with the expectation of potential airdrops encourages developers to actively build and maintain DApps while incentivizing users to bridge their funds to the target Layer 2 early on and actively participate in DApps running on it, thereby creating a vibrant ecosystem. As a result, users have commonly expected ZKSync’s airdrop to be comparable to its two direct competitors, Arbitrum and Optimism. This conclusion makes sense from the perspectives of industry influence, VC background, and fundraising scale. However, the results differed significantly, leading to widespread community debate as many users, relying on past experiences, did not receive the anticipated...

Title sponsored by Bitdeer, a NASDAQ-listed mining company. 1. Bitdeer announces up to $150 million in private placement funding. Tether regard Bitdeer as one of the strongest vertically integrated operators in the Bitcoin mining industry, differentiated by its cutting-edge technologies, and a robust R&D organization. Tether anticipate close collaboration with Bitdeer across several key infrastructure areas moving forward. The transaction generated $100 million in gross proceeds from the share issuance and could provide an additional $50 million if the warrant is fully exercised. Read more 2. Bitcoin mining company Riot Platforms reports Q1 2024 financial results. Riot reported net income of $211.8 million and earnings per share of $0.82 which are new record highs for our quarterly results. Total revenues for the quarter were $79.3 million (mining revenues and engineering revenues), with mining revenues of $74.6 million, a total of 1,364 BTC produced and an average mining cost of ...

1. Hong Kong Regulatory News This Week 1.1 Exclusive: Hong Kong Requires License Applicants to Sign Pledge Excluding Mainland Users, Leading to Mass Withdrawal of Applications link Hong Kong has announced the approval of 11 applicants for virtual asset trading platform licenses. Previously, major exchanges like Binance, OKX, HTX, Bybit, and Gate withdrew their applications. According to WuBlockchain Exclusive, the withdrawals were due to the Hong Kong Securities and Futures Commission (SFC) requiring all applicants to sign a commitment that no entity involved in the application would have users from mainland China. This requirement posed a challenge for traditional offshore exchanges. OKX attempted to form an industry alliance to oppose this demand but was ultimately unsuccessful. Industry insiders suggest that these entities may reapply in the future with updated legal frameworks or entities, but they will likely be unable to use their current offshore-style branding. The 11 approved ...

Author: GaryMa In the era of Web 2.0, the internet framework was primarily composed of three fundamental infra structure modules: computation, storage, and communication. As we transition into Web 3.0, the banner of “decentralization” is raised high. While Ethereum and numerous other public chains have emerged for general computation, and solutions like Filecoin and Arweave have arisen for storage, the field of communication seems to lack mature solutions. Enter SendingNetwork, the protagonist of this article, committed to filling this void. The communication infrastructure module in Web 2.0 is the TCP/IP protocol stack, divided into four layers from top to bottom: the application layer, transport layer, network layer, and physical layer. However, due to the inherent centralization in TCP/IP, certain flaws have gradually surfaced, such as: ● At the application layer, accessing websites relies on DNS resolution services. If the system is compromised, users may be directed to malicious ...