Golden Noon Report | Summary of Key Developments for the Afternoon of July 14

7:00-12:00 keywords: Ethereum, Uniswap, Clarity Act

1. The Fed’s megaphone: the core CPI is more important to the Fed;
2. U.S. military: completed a new round of strikes on Iran; 50k service members deployed in the Middle East;
3. Ethereum co-founder: Ethereum L1 revenue and fees should be kept low to promote growth;
4. Uniswap yesterday bought back and burned 38k UNI, only about 2.5% of the protocol’s total fees;
5. Coinbase: under multiple negative factors, Bitcoin holds up relatively well, which may indicate the market is bottoming out;
6. The Association of Federal Law Enforcement Officers supports the “Clarity Act,” but calls for strengthening DeFi accountability clauses;
7. The U.S. government deposited 3,940 BTC and 30,006 ETH into Coinbase, worth $297 million;
8. U.S. senator: only Congress can grant the CFTC authority over spot regulation of digital assets, and the “Clarity Act” is the only viable path.