SoSo Daily Jul 2 | Powell: Cannot say whether a rate cut in July would be too early, does not rule out any meeting

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 01:10 on July 2, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is Fragmetric ($FRAG). As of 01:10 today, its market cap is 18.96M USD, with a coin price of 0.093850 USD, witnessing a 24-hour increase of 87.7%.
The second is Humanity ($H). As of 01:10 today, its coin price is 0.071062 USD, with a 24-hour increase of 52.9%.
The third is ARPA. As of 01:10 today, its coin price is 0.024150 USD, showing a 24-hour increase of 29.8%.
In fourth place is Aura Network (AURA). As of 01:10 today, its coin price is 0.0065810 USD, with a 24-hour rise of 23.9%.
In fifth place is$ LOBO•THE•WOLF•PUP (LOBO). As of 01:10 today, its coin price is 0.00018730 USD, increasing by 22.2% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 0 are up and 16 are down. Notably, Meme, RWA, and AI sectors are worth mentioning.
Meme sector has fallen 5.32% relative to the UTC 0 time, led by declines in clay (-22.1%), DARK (-20.8%), and LAUNCHCOIN (-19.8%).
RWA sector has decreased 5.5% relative to UTC 0, with lto (-21.6%), KTA (-12.6%), and RWA (-11.3%) leading the drop.
AI sector has fallen 5.83%, with PRAI (-25.5%), DARK (-20.8%), and NODE (-18.2%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:At the European Economic Forum in Sintra, Portugal, when asked if the Federal Reserve would further ease monetary policy if tariffs did not trigger inflation, Federal Reserve Chairman Powell said, "After assessing the size of the tariffs, we decided to hold off on taking action." He expects inflation to rise slightly this summer due to the impact of tariffs, so with the economy still robust, the Federal Reserve chose to remain patient, and waiting is the most prudent approach. Powell said he could not say whether a rate cut in July would be premature, but stressed that "we will not rule out the possibility of any meeting in advance," and the next step will depend entirely on data performance. (Golden Ten) [Odaily Planet Daily]
Next news:NYSE-listed $DDC Enterprise Limited announced the completion of its previously announced financing, totaling $528.00 million, with investors including Anson Funds. This financing is expected to provide $DDC with immediate funds to implement its corporate Bitcoin accumulation strategy. Maxim Group LLC served as the exclusive financial advisor for the transaction. The company plans to use the net proceeds from the offering to purchase Bitcoin. [Foresight News]
Next news:On July 1st, according to Jinshi Data, Federal Reserve Chairman Powell: The vast majority of Federal Reserve members expect interest rate cuts later this year. [Shenchao TechFlow]
Next news:Webus, a Chinese customized ride-hailing service platform, has announced that it has signed a conditional securities purchase agreement with Ripple Strategy Holdings to obtain a priority equity line of credit of up to $100 million. Subject to the effectiveness of the registration statement of the U.S. Securities and Exchange Commission (SEC) and the consent of the company's existing underwriters, the $100 million commitment will be issued at the company's discretion within 24 months, with each withdrawal ranging from $250,000 to $3,000,000, depending on market conditions and capital needs. [Foresight News]
Next news:Binance founder Changpeng Zhao stated, "In addition to the investment in YZiLabs, I personally donated $10.000.000 worth of $BNB to Vitalik a few months ago to support his open-source biotech projects. I have also recently made private donations to several other charities and achieved some good results. I will share some of these results soon." Changpeng Zhao believes that the best way to attract mission-driven talent is to have conviction yourself, and like-minded people will naturally gather together. [Foresight News]
Next news:According to Bloomberg, UniCredit SpA will offer its professional clients a structured product linked to BlackRock's iShares Bitcoin Trust ETF, featuring full loss protection. The bank plans to issue a five-year, dollar-denominated investment certificate linked to the iShares Bitcoin Trust ETF, which will provide 100% capital protection upon maturity, a memo confirmed by the bank stated. The memo states that the ETF has a maximum return capped at 85% of performance, with a minimum investment threshold of $25,000. The UniCredit certificate will be available to UniCredit's professional clients from July 1 to July 28. [Foresight News]
Next news:Figma, a San Francisco-based cloud collaboration design software company, has filed for an IPO with the SEC. As of March 31, 2025, the company held approximately $69.53 million in Bitcoin spot ETFs. According to the disclosure, the board of directors approved a $30.000 million Bitcoin investment plan on May 8, 2025, and subsequently purchased an equivalent value of $USDC stablecoins on a 1:1 basis, with plans to reinvest the stablecoins in Bitcoin in the future. [吴说]
Next news:On July 2, the U.S. Securities and Exchange Commission (SEC) approved an amendment to convert the Grayscale Digital Large Cap Fund into an ETF (covering Bitcoin, Ethereum, XRP, SOL, ADA). [BlockBeats]
Next news:The Hong Kong Special Administrative Region Government announced the appointment and reappointment of twenty non-official members to the Third Generation Internet Development Task Force (Task Force) for a term of two years. The Chairman is the Financial Secretary. The non-official members include: Professor Au Wai-chi, Cai Wensheng (newly appointed member), Chen Delin, Duncan Chiu, Zhu Chengyu, Dr. Kong Jianping, Guo Yanlin (newly appointed member), Lam Wai-ching, Lin Junjie (newly appointed member), Professor Lin Chen, Lu Zhihong, Ma Zhitao (newly appointed member), Dr. Wu Jiezhuang, Professor Pan Shizheng, Alessio Quaglini (newly appointed member), Elizabeth Quat, Xiao Yi, Chen Wenli, Wang Jiachao, and Dr. Xiao Feng. [Odaily星球日报]
Next news:On July 2nd, according to on-chain analyst Onchain Lens (@OnchainLens), a whale deposited 2,450 $ETH worth $6.000 million to Kraken after 3 years of inactivity, making a profit of $2.800 million. [深潮 TechFlow]

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.