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- 22:42The probability of a Federal Reserve rate cut in September is 89.6%.According to Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in September is 10.4%, while the probability of a 25 basis point rate cut is 89.6%. For October, the probability of keeping rates unchanged is 4.9%, the cumulative probability of a 25 basis point rate cut is 47.3%, and the cumulative probability of a 50 basis point rate cut is 47.9%.
- 22:33IMF: Technologies such as verifiable credentials and zero-knowledge proofs can mitigate potential risks of stablecoinsJinse Finance reported that the latest issue of the International Monetary Fund (IMF)'s "Finance & Development" magazine focuses on "Stablecoins and the Future of Finance," exploring the risks of stablecoins and mitigation methods. The article points out that stablecoins face risks such as financial crime, but these risks can also be reduced through technological means, such as combining verifiable credentials and zero-knowledge proofs to achieve a "privacy-first" transaction model. Compared to the Bank for International Settlements (BIS), which previously labeled stablecoins as "unreliable currencies," the IMF's analysis is more balanced, acknowledging the risks while also proposing potential solutions.
- 21:33Braintree founder Bryan Johnson may collaborate with StableForesight News reported that Bryan Johnson, founder of Braintree, stated in a post that before founding Don't Die, he was involved in the payments sector, having established Braintree and acquired Venmo. He also expressed his anticipation for collaboration with Stable and Paolo Ardoino.