BitWell Research Daily News (2022/7/28)

According to CoinDesk, Ethereum completed its tenth shadow fork at 19:45 on July 26, Beijing time, 26 hours earlier than expected. And this fork reported no obvious failures. BitWell market data shows that ETH broke through $1,650, up 11.24% in 24 hours.

On July 28, the US Federal Open Market Committee (FOMC) announced the latest interest rate resolution on Wednesday local time, announcing that the benchmark interest rate would be raised by 75 bps to a range of 2.25%-2.50%. 150 bps for two consecutive months, the largest continuous rate hike since the 1980s. Another 75 bps of interest rate hike, in line with market expectations.

According to Yonhap News Agency, the Seoul Prosecutor’s Office in South Korea has completed the execution of search and seizure orders on some exchanges. “The forensic work of the exchange data required for the investigation took a long time,” the prosecution official explained.
Previously, South Korean prosecutors issued Do Kwon’s “Notification on Entry” notice and ordered Terraform executives to ban them from leaving the country, and prosecutors are also discussing the possibility of issuing a red notice in cooperation with Interpol to extradite Do Kwon.

According to CoinDesk, in the face of recent rumors, the CEO said: “KuCoin previously supported ERC-20 format LUNA token (wLUNA) transactions, so wLUNA is held in the exchange wallet, but these assets belong to the user and not the exchange itself.” Johnny Lyn also said that KuCoin’s $150 million funding round in May this year had nothing to do with LUNA, nor was it to pay depositors.

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