BitWell Research Daily News (2022/7/25)

PANewssaid on July 25 , according to Bloomberg, a court document shows that in response to the joint proposal put forward by FTX, Alameda Ventures and others, Voyager Digital LLC said that this is “nothing but liquidation of cryptocurrencies favoring Alameda, FTX”. The proposal is also a “false low-price bid” disguised as a rescue by the White Knights, disrupting the bankruptcy process. Voyager claims that FTX and Alameda’s joint proposal “is designed to promote itself, not to create value for Voyager’s customers.”

BitWell will list Floki Inu (FLOKI) at 18:00 on July 25, 2022(UTC)and start the trading competition. Floki Inu (FLOKI) is a dog-themed community token that has the function of cryptocurrency international payment, and has functions such as metaverse games, NFT ecosystem and blockchain lending.

On July 24, Hoo’s official website released an announcement on “Hoo Debt-to-Coin Conversion Plan, Partner Investment and Other Business Optimization Plans”. The announcement stated that due to the recent shortfall in cash flow, Hoo will stop all transaction services and cancel all business status from August 1 in order to solve the withdrawal problem as soon as possible. At the same time, the debt-to-currency conversion plan and the partner investment plan were launched, and the financial derivatives contract transactions were optimized.

According to Securities Daily, the Federal Reserve plans to announce the results of its July interest rate decision in the early hours of July 28(UTC). After the CPI data “bursts the table” in June, the outside world believes that the probability of the Fed increasing the rate of interest rate hikes to 100 bps has increased sharply. But then Fed officials “fired the fire” and voiced support for continuing to raise interest rates by 75 bps. The probability of a 75 basis point rate hike is currently forecast at 80.5%.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BitWell

BitWell

Crypto derivatives service platform