The Federal Reserve Raises Interest Rates by 25 Basis Points Again, Reaching the Highest Level Since 2001 | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance added ARKM/RUB, WLD/RUB, and WLD/TRY trading pairs.
• Binance has launched the USDⓈ-M ARKM Perpetual Contract.
• OKX released an official teaser about the AA smart contract wallet scheduled to be launched soon.
• Binance launches Bitcoin Cash (BCH) mining service.
• Data: Binance's spot market share fell to 50% in July from 64% at the beginning of the year.
• Mainstream Exchange Listings (CEX: Token – Time of Listing in UTC): N/A

2. Cryptocurrency Trends:

• The Federal Reserve has raised interest rates by 25 basis points once again, reaching the highest level since 2001.
• Powell: The next rate increase decisions will be based on data and may happen in September, if necessary.
• Blur, an NFT marketplace, launches a new feature that compares NFT collectible performance.
• Arkham now offers the ability for users to claim unique usernames, which can then be used for various upcoming features.
• The Sui testnet now supports liquidity staking and the feature will be added to the main network in its next upgrade.
• Eco, a project backed by a16z, has released the Beam wallet, which allows for payments on both Optimism and Base platforms.
• PancakeSwap, a decentralized trading platform, has recently expanded its services to include the zkSync Era network.
• EthHub co-founder estimates that the Ethereum Dencun Upgrade will happen in November.
• BlackRock: Allocating 84.9% of portfolio funds to Bitcoin can significantly enhance investment returns.

3. Financing Trends:

• Aethir, a decentralized GPU infrastructure developer, raises US$9 million in a pre-Series A funding round, led by Hashkey, with a valuation of US$150 million.
• EthStorage, a scaling project for Ethereum's dynamic storage, has raised US$7 million in funding with a valuation of US$100 million, led by Dao5.
• The crypto payment app, Hi, has secured a US$30 million investment from Animoca Brands.

4. Regulatory News:

• The Blockchain Regulatory Certainty Act has been passed by the US House Financial Services Committee to ensure that crypto developers and non-custodial service providers are not classified as money transmitters.
• The US House Financial Services Committee has approved a bill for a regulatory framework for cryptocurrencies.