Fed Issues Stablecoin Guidance, Rollbit Soars

Market Update $BTC has retraced 0.8% after briefly trading above $30k. The rally followed comments from Galaxy Digital CEO Mike Novogratz on an earnings call where he hinted at a potential approval of a spot ETF within six months, citing sources at BlackRock and Invesco. $ETH is also lower 0.3% reaching $1.85k. Crypto Casino and Exchange Rollbit’s $RLB gained 50%, entering and outperforming the top 100 after recent updates to its tokenomics (more below). U.S equities are slightly lower ahead of tomorrow’s highly anticipated CPI release, with the S&P down 0.3% and the Nasdaq 0.66% lower. Investors will be closely monitoring the index to gain potential insights into the future actions of the Federal Reserve regarding interest rates. According to a survey conducted by Dow Jones, economists anticipate that the inflation measure increased by 3.3% in July.Rollbit's RLB Token has surged, driven by the crypto casino's decision to use platform earnings for daily purchases and burns of $RLB. Rollbit, which functions as both a casino and exchange, allows users to trade tokens with 1000x leverage, engage in sports betting and arcade games, and participate in a tokenized jackpot system. Co-founder "Lucky" announced via a tweet that a portion of fees, 30% from crypto futures, 20% from spo