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Fed Holds Rates; Bitcoin Shows Little Reaction

On July 31, the US Federal Reserve decided to keep the key interest rate steady at 5.25–5.5% per year, matching market expectations. Earlier, on July 11, the US Bureau of Labor Statistics reported that consumer prices rose by 3%, slightly below the predicted 3.1%. The cryptocurrency market barely reacted to the news , with Bitcoin briefly dipping to $66,400.

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This Week's Crypto Shifts

This week, AIOZ, BOME, and KAS saw significant gains that could not go unnoticed. Meanwhile, WIF struggled and ended up as the biggest loser.

AIOZ Network AIOZ

$0.60 ▴ 16.29%

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BOOK OF MEME BOME

$0.0093 ▴ 11.68%

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Kaspa KAS

$0.19 ▴ 8.59%

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Behind the Headlines

At the Bitcoin 2024 conference in Nashville, former US President Donald Trump raised $25 million for his campaign . He pledged to end the government's war on cryptocurrencies, support mining, and back stablecoins if elected.

On July 30, an early Ethereum investor moved 2,000 ETH (~$6.6 million) for the first time in nine years , splitting them between two new addresses. These coins were originally acquired on July 30, 2015, when ETH was just $0.31—over 10,000 times lower than its current value.

60% of Hamster Kombat tokens are set aside for players , promising the “largest airdrop in history.” The launch is in progress after July’s delay. The game boasts 300 million users in 190 countries, with 50 million active daily.

Argentina's Ministry of Justice registered a legal entity with 0.00457621 BTC and $194.99 in USDC, marking a first since a new resolution . Unlike regular registrations, the crypto must be stored in custodial wallets on licensed platforms like Lemon and Ripio.

Aave’s native coin (AAVE) surged 9% this week , hitting $104, following a “fee switch” proposal and other economic updates.

Changelly Bestsellers

Monero XMR

$163 ▴ 0.40%

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Solana SOL

$165 ▾ -7.67%

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Tether Tron Chain USDTRX

$1.00 ▾ -0.06%

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Toncoin TON

$6.62 ▾ -1.66%

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Ethereum ETH

$3160 ▾ -2.49%

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