BlockBeats news, on July 2nd, Federal Reserve Chairman Powell said that inflation may recover to 2% by the end of next year or the year after. The Fed's policy remains restrictive and appropriate. Powell also mentioned that some service sector inflation is catch-up inflation, the labor market is cooling down, and wage growth is still above the ultimate equilibrium level but is falling to a more sustainable level. It is usually more difficult to lower inflation in the service sector. Powell emphasized that the balance of the labor market is moving in a better direction (Jinshi)

On July 2, according to Informa Global Markets analysis, over the past few months, Federal Reserve Chairman Powell has been noticeably more dovish in his views than most members of the FOMC, which was reaffirmed in his speech at the ECB Forum. Powell declared, 'We have made significant progress in combating inflation,' and stated that the data represents significant progress on the inflation front. In response to these remarks, the US dollar has slipped, and the euro against the dollar has also been impacted. US bond yields have further declined (attached note: Favourable Information).

On July 2nd, according to Fox Business reporter Eleanor Terrett, in the Consensys lawsuit against the Securities and Exchange Commission (SEC) of the United States, a Texas judge has approved Consensys' lawyers' request to speed up the decision on whether the American SEC has the right to regulate MetaMask. It is expected to make a ruling by the end of the year/early 2025.

On July 2, Bloomberg ETF analyst Eric Balchunas wrote on X platform that 296 ETFs will be launched in the first half of 2024. The proportion of nine Bitcoin ETFs is 3%, but their asset ratio reaches 66%, and organic traffic accounts for about 75%.