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Is the Constraint of Reputation and Trust Still Effective in an Increasingly Murky Market?
Share link:In this post: Trump launched a new crypto venture where he profits early and his supporters lose money again. His past projects—Truth Social, $Trump, $Melania, and NFTs—left late investors with major losses. The new WLFI token offers no profits or ownership but funnels 75% of sale proceeds back to Trump.
Share link:In this post: Jerome Powell hinted at a possible September rate cut but admitted the Fed is facing a “challenging situation.” Fed officials are divided over inflation, weak hiring, and whether to cut rates now or wait. Trump threatened to fire Governor Lisa Cook and continues to pressure the Fed to lower rates.
Share link:In this post: Only 37% of Americans trust Powell to manage the economy, near record-low levels. Powell hinted at upcoming interest rate cuts during his final Jackson Hole speech. Trump attacked Fed official Lisa Cook and installed loyalists to reshape the central bank.
- 01:11Terminal Finance: Project shuts down due to delays in the Converge chain, protocol codebase to be open-sourced laterChainCatcher news, DEX Terminal Finance, incubated by Ethena, posted on social media that Terminal was originally designed to become the liquidity hub on the Converge chain. However, since the Converge chain mainnet failed to launch as scheduled and there are currently no plans for its launch, the project will be terminated. User funds are not affected in any way, and all user principal can be fully withdrawn. Existing Pendle position holders will continue to receive their entitled Ethena Sats rewards, associated sUSDe earnings, and etherfi points. The official statement said that the team explored various transformation plans, but all faced fundamental obstacles, including limited ecosystem support, insufficient asset integration potential, and bleak long-term development prospects. Ultimately, the team determined that none of these paths could lead to a successful long-term project, and launching for the sake of launching would go against their core principles. Maintaining integrity is the top priority.
- 01:02Cathie Wood remains optimistic about bitcoin's $1.5 million price targetJinse Finance reported that Cathie Wood, CEO and CIO of ARK Invest, stated that the company's bullish price prediction for bitcoin at $1.5 million remains unchanged. She pointed out that since the end of the U.S. government shutdown, $70 billion has flowed back into the market, and with the normalization of the Treasury General Account, an additional $300 billion is expected to return over the next five to six weeks.
- 01:02RealVision CEO: BTC and ETH are still in the early adoption stage, with their value mainly coming from network effectsJinse Finance reported that Raoul Pal, co-founder and CEO of RealVision, stated that bitcoin is currently in its "2017 Google" phase. He believes that BTC and ETH are still in the early adoption stage, with their value mainly driven by accelerating network effects.