News

Commerzbank stated that, according to International Monetary Fund (IMF) rules, Japan can intervene in exchange rates only twice more before November, and each intervention cannot last more than three consecutive trading days. Strategist Michael Pfister wrote in a report that Japan has limited available resources, and interventions should be conducted when the cost is low, with public holidays being particularly suitable. The Independence Day long weekend in the United States this week is an especially appropriate timing.

Foresight News reports that Bitget has launched the "Exclusive VIP Airdrop Carnival" Phase 22, with participation open until 20:00 on July 10 (UTC+8). This phase features a VIP privilege prize pool and a challenge prize pool. Users with VIP3 or higher who register and maintain their level until the end of the event can share a prize pool of 133 rSPCX. Users with VIP1 or higher who register and complete the required tasks can share a prize pool of 133 rSPCX in the challenge prize pool.

ECB Governing Council member Nagel stated that it is too early to determine whether second-round effects have ended.