Overview of Important Developments on the Afternoon of July 8

1. The probability of the Federal Reserve maintaining interest rates in August is 93.3%;

2. In the past 24 hours, the total liquidation across the network was $202 million, mainly long positions;

3. The ether.fi community voted to approve the "Deploy ETHFI Staking Contract" proposal;

4. ETF Store President: The deadline for the spot Ethereum ETF S-1 amendment is expected to be tomorrow;

5. Block Founder: BTC will replace the US dollar, and BTC is expected to reach $1 million;

6. Analysis: If FTX is approved to repay $16 billion to creditors, it may drive the crypto market up;

7. Solana client Firedancer plans to launch a $1 million bug bounty program on July 10.