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Powell discusses rate cut conditions, US jobless claims rise, outlook on the crypto market, and Binance updates Turkish services

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Jul 3, 2024

Federal Reserve Chairman Powell stated at the European Central Bank Forum that despite progress in inflation, he hopes to see more progress before being confident to start cutting interest rates. The number of initial jobless claims in the US has risen for the ninth consecutive week, reaching a recent high. Analysts at Standard Chartered Bank predict that Bitcoin may reach $100,000 on the US election day. QCP Capital points out that despite the stock market's rise, the cryptocurrency market still leans towards bullishness. Genesis Digital Assets is considering an IPO in the US. Binance has updated its services in accordance with new regulations in Turkey, halting all direct marketing activities targeting Turkish users.

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