The US crypto ETF market has experienced significant growth in 2024, driven by Bitcoin and Ethereum ETFs, with market capitalizations exceeding $78 billion and $7.81 billion, respectively. However, retail investors outside the US face obstacles in accessing crypto ETFs, limiting global adoption. The US now holds 83.3% of the global market for crypto ETFs, surpassing Canada's previous 46.3% market share. While European retail investors cannot access US spot bitcoin and Ethereum ETFs due to regulations, some countries like Germany and France offer access to crypto through ETNs. Despite limitations, the direct exposure to bitcoin and Ethereum through crypto ETFs is still in its early stages, and it remains to be seen whether other countries will gain crypto ETF market share relative to the US.

French authorities have extended the detention of Telegram CEO Pavel Durov, as his application is suspected of facilitating criminal activity.

Kit Juckes, the Chief Global Foreign Exchange Strategist at BNP Paribas, stated in a report that the current expectations of a rate cut in the US in 2024 may be overstated, and the likelihood of a larger rate cut of 50 basis points in September is still unlikely. Refinitiv data shows that the US currency market currently expects a rate cut of 103 basis points in 2024, suggesting that the Federal Reserve will cut rates by at least 50 basis points in one of the remaining three meetings this year. Juckes said, "Unless the economy slows down significantly, the front end of the interest rate curve for the next six months has already reflected too much of a rate cut." He also noted that there is significant uncertainty regarding the extent of the economic slowdown.

Jupiter has officially launched the Ape Pro application for trading Memecoin on Solana.

&nbsp;According to the Web3 asset data platform <a href="https://www.rootdata.com/zh/Tracker" rel="nofollow" target="_blank">RootData</a> monitoring, at 23:24 today Beijing time, 500.88 ETH was transferred from an unknown wallet to Coinbase, with a value of $1.3724 million.

The US dollar index DXY rose more than 20 points in the short term after the release of US economic data, now reporting at 103.66.

Token Terminal data released on X platform shows that Uniswap Labs has achieved $50 million in revenue to date.

OriginTrail, an ecosystem focused on creating a safe internet in the age of AI through its decentralized knowledge graph, was named the best project at the MIT Decentralized AI Summit. The summit brought together top innovators, researchers, and industry leaders to explore the future of decentralized AI technologies. OriginTrail's founder, Branimir Rakic, explained how their decentralized knowledge graph powered by Polkadot addresses important challenges in the age of AI, such as misinformation and unreliable AI. The recognition highlights OriginTrail's expected impact on driving mainstream adoption for both AI and Web3 technologies across diverse industries.