Fed Issues Stablecoin Guidance, Rollbit Soars

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.