Kamino Season 2 Airdrop Ends | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Coinbase's CEO floats the idea of creating a crypto index fund, the Coinbase 500, in response to a question about Coinbase's product roadmap during an earnings call with investors.

2. Cryptocurrency Trends:

• According to CME FedWatch, there is a 78% probability that the Fed will cut rates by 25 basis points in September, and a 22% probability of a 50 basis point cut.
• MicroStrategy seeks to raise $2 billion by selling its Class A shares to buy more Bitcoin. It has not disclosed a timeline for the stock sale or how much of the proceeds will be used to buy Bitcoin.
• Jump Trading may be selling ETH, as they recently redeemed $410 million worth of wstETH in batches and transferred it to a CEX.
• The Bitcoin Strategic Reserve Bill, proposed by a U.S. senator, has been submitted to Congress and is under review by the Senate Banking Committee.
• Galaxy Research says in a report that the vast majority of Bitcoin rollups will be unsustainable. Bitcoin rollups require millions of dollars annually to maintain due to transaction fees.
• Kamino Season 2 airdrop ends and the airdrop checker is now live, with a total of 350 million KMNO to be distributed in mid-August.
• JupiterDAO approves the proposal to reduce the supply of JUP tokens from 10 billion to 7 billion by burning 30% of the supply.

3. Financing Trends:

4. Regulatory Trends:

• The French markets regulator (AMF) says it started accepting applications for crypto asset service provider (CASP) licenses on July 1, the first major economy in the EU to do so, as more provisions of the EU's MiCA rules will come into effect by the end of this year.