LittleBitcoinInTheReflection

$LTC
$LTCUSDT 52.78, +4.29%, 6.29M.
Old major doing better than $BTC on percent.
That’s relative strength inside a slow BTC day.
$LTC only matters if it keeps holding the push.

Wu said that Michael Nadeau, founder of The DeFi Report, stated that the total on-chain yield of the Ethereum network in Q2 fell to 2.68%, the lowest level on record; at the same time, L1 GDP, DeFi activity, and L2 participation all weakened significantly this quarter. He noted that Ethereum still maintains its lead in stablecoins, real-world assets (RWA), active loans, and ecosystem users, but whether ETH as an asset can gain sustained value accretion from the L2 roadmap still needs support from evidence.

Tether's tokenized gold product, Tether Gold (XAUT), has been integrated into the crypto lending platform Ledn, and plans to launch XAUT collateralized lending services later this year. Tether stated that XAUT is backed 1:1 by physical gold stored in Swiss vaults, with each token corresponding to 1 troy ounce of gold, currently representing approximately $23 billion in gold reserves. Ledn stated that the XAUT used by users as collateral will continue to be custodied on a 1:1 basis and will not be lent out or used to generate returns. (CoinDesk)

According to FT reports, the U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into the prediction market platform Polymarket in recent weeks, and the investigation is still ongoing, but the specific focus remains unclear. The report states that Polymarket was allowed to resume limited operations in the U.S. last year, and this investigation places new regulatory pressure on it. As prediction markets grow rapidly, multiple U.S. states and consumer protection organizations are calling for stricter regulation. More than a dozen states have taken legal action against Polymarket and Kalshi, accusing them of operating illegal sports betting businesses.

The CPI data released in the evening seems to have no more room for doubt; can its value go below 3.8? Probably not!
Unless the released value is below 3.8, otherwise it's considered bearish!
Since February, the curve has been rising continuously, hitting new highs again and again.
This probably doesn't need much explanation; the core issue remains the same—it's driven up by the war!
If you insist on using it to make a point, then its only current significance is that it will add fuel to the upcoming Federal Reserve interest rate decision, and it will also cast a shadow over Waller's debut, making the Fed in the Waller era a rollercoaster of highs and lows—no rate cuts, and rate hikes are difficult. #CPI