Fed minutes: Fed officials see rate hikes by 50bps or 75bps at July FOMC meeting
The minutes of the Fed meeting showed that Fed officials believe that the July FOMC meeting will raise interest rates by 50 bps or 75 bps. In addition, most participants believe that there are downside risks to economic growth, including that the Fed’s interest rate hike may have a “more than expected” impact, So participants saw a reason to raise rates by 75 bps.
Three JPMorgan Chase executives have left to join the crypto world this week in total
The former manager of JPMorgan has joined Algorand as head of business development and capital markets, and the head of creative and digital department in JPMorgan have joined Digital Currency Group (CoinDesk parent company) as head of development. The head of asset management sales has joined Pantera Capital as COO. Totally, three JPMorgan Chase executives have joined the crypto world this week.
Tesla to report 2022 second-quarter earnings on July 21
Tesla (Nasdaq: TSLA) announced that it will release its 2022 second quarter earnings report after the US stock market closes on July 20, Eastern Time (July 21, Beijing time).
BitWell: No restrictions on Russian citizens
The European Union announced that it will continue to expand the existing financial restrictions on Russia. BitWell said that it will not restrict Russian users, nor freeze any Russian user assets, and continue to build a private, fair and free encryption environment.
