Binance announced the 36th HODLer Airdrops project — OpenLedger (OPEN). Users who subscribed BNB to Simple Earn or On-Chain Yields between Aug 18–21 will receive the airdrop. Binance will list OPEN on Sept 8 at 13:00 UTC, opening trading against USDT, USDC, BNB, FDUSD, and TRY, with a Seed Tag applied. OpenLedger (OPEN) is an AI blockchain project.https://t.co/TgOW6XnmzM ...

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **foreign exchange (FX) market** and the **cross-border flows** as analyzed by BofA Global Research. Core Insights and Arguments 1. **Consolidation of FX Flows**: The FX flows in Q3 are characterized by consolidation, particularly after significant positioning adjustments in the first half of the year. Investors have favored USD, CHF, and emerging market (EM) currencies against JPY, GBP, and CAD [1][7][8]. 2. **Investor Positioning**: Among BofA investors, USD short positions are relatively light compared to historical levels, indicating a cautious approach towards USD selling [4][5]. 3. **Hedge Fund Activity**: Hedge Funds have shown a notable demand for Brazilian Real (BRL) and have been net sellers of EURGBP, while also supporting GBP recently [7][8][13]. 4. **G10 Currency Trends**: GBP has benefitted the least from USD supply year-to-date, with Hedge Funds primarily supporting it, joined by Asset Managers in the last week [9][10]. 5. **Emerging Market (EM) Focus**: Latin American currencies have seen strong demand in Q3, with BRL demand highlighted. In Asia, there was notable demand for Indonesian Rupiah (IDR), while in EMEA, Hungarian Forint (HUF) demand was significant amid geopolitical developments [13][20]. 6. **FX Options and Futures**: The report includes a snapshot of FX options and futures flows, indicating varied positioning across different currencies, with USD options showing a positive z-score recently [22]. Additional Important Details 1. **Aggregate Positioning Data**: The report provides detailed aggregate positioning data for various currencies, indicating shifts in investor sentiment and positioning over time [24][32]. 2. **Risk Considerations**: The report emphasizes that trading ideas and investment strategies discussed may involve significant risks and are not suitable for all investors, highlighting the need for experience and financial resources to absorb potential losses [6]. 3. **Future Reports**: The next report on Liquid Cross Border Flows is scheduled for release on September 1st, indicating ongoing monitoring of FX flows and positioning [6]. This summary encapsulates the key points discussed in the conference call, providing insights into the current state of the FX market and investor behavior.

Binance has added Chainbase (C) to its HODLer Airdrop and will list C on July 18 at 22:00 (UTC+8) with trading pairs including USDT, USDC, BNB, FDUSD, and TRY. Trusta AI (TA) will go live on Binance Alpha at 15:00 on July 21, followed by the launch of the TAUSDT perpetual contract with up to 50x leverage at 15:30 the same day.https://t.co/ANkKWR3iHOhttps://t.co/AG9yzWWFnQ ...

Core Insights - The rise of blockchain and NFTs is reshaping the value system of crypto assets, with a focus on integrating real-world assets (RWA) into the Web3 ecosystem, facing challenges such as regulatory compliance and data trustworthiness [1][3] - TRY, initiated by MYUAN BLOCK LIMITED and supported by Kenetic Capital and Everest Ventures Group, aims to create a unique blockchain project that combines NFT mining with real-world asset integration [1][3] Group 1: NFT Mining Economy - Early NFTs were primarily art and collectibles, valued for their scarcity and artistic attributes; however, the introduction of yield-generating mechanisms has transformed NFTs into assets that provide ongoing token rewards [2] - The TRY project links NFTs to real-world assets, allowing holders to earn token rewards while engaging in a gamified experience that enhances user interaction and retention [2][6] Group 2: RWA Tokenization - TRY's model leverages RWA, including real estate and agricultural products, to address inefficiencies in traditional trading, such as high intermediation and information asymmetry, by utilizing blockchain's transparency and smart contracts [3] - The long-term vision of TRY is to create a comprehensive platform that merges the power of NFT mining with real-world assets, gaming, and the metaverse, promoting a new trend in asset integration [3][9] Group 3: Ecosystem and User Engagement - The NFT mining mechanism in TRY is dynamic, allowing holders to earn token rewards based on their locked NFTs and proportional computing power, ensuring transparency and efficiency in reward distribution [5] - The platform includes interactive gaming modules where users can engage with their corresponding real-world assets, enhancing user engagement through various tasks and competitions [6] - TRY also distributes production profits from real-world farm assets to NFT holders, creating a dual revenue stream that integrates digital and physical asset earnings [7] Group 4: Metaverse Experience - TRY aims to build an immersive virtual farm world using mainstream 3D engines, facilitating real-time social interactions and asset displays, thus creating a comprehensive platform that combines economic incentives with social engagement [9] - The project is designed to achieve a rare "four-in-one" ecosystem value system, establishing a solid foundation for sustainable long-term development through meticulous mapping of real-world farm assets [9]

Investment Rating - The report maintains a bearish outlook on the US dollar due to moderating US exceptionalism and a more growth-supportive monetary and fiscal mix overseas [6][11][14]. Core Insights - The report highlights that while tariffs remain a headwind for global growth, several currencies such as Antipodeans, NOK, EUR, and JPY are expected to turn the corner on growth [6][11]. - In developed markets (DM), the bearish USD recommendations are barbelled for either a US slowdown (long JPY) or a soft landing scenario (long Scandis, Antipodean, EUR) [6][11]. - In emerging markets (EM), there is a broadening overweight across regions with a preference for Asian creditor currencies (like KRW) and CEE euro-proxies (like CZK) [6][11]. - The report emphasizes that 2025 is different from previous years as no single factor is dominating global FX returns, necessitating a separate analysis of G10 and EM [6][11][24]. - G10 FX forecasts remain unchanged for EUR/USD at 1.22 and USD/JPY at 139, with upgrades for GBP, NZD, and CAD based on improved domestic prospects [6][11][48]. - EM forecasts include a reduction for USD/CNY to 7.15 and USD/ZAR to 17.50, reflecting a more favorable outlook for these currencies [6][11][48]. Summary by Sections Key Currency Drivers - The report identifies several macroeconomic factors influencing FX returns, including US-China trade talks and tariff adjustments [7][8]. - It notes that the reduction of tariffs from 145% to approximately 41% for a 90-day period is a significant development [7][8]. FX Models - The report discusses the performance of various currencies and highlights that the best-performing currencies are often those with current account surpluses [24][25]. - It also notes that the carry-to-value rotation is finally playing out in G10, with surplus countries outperforming [24][25]. G10 FX Short-term Fair Value - The report maintains forecasts for major currency pairs, with a bullish bias on EUR and JPY due to US moderation [56]. - It also highlights that GBP and NZD forecasts have been upgraded based on growth resilience and improved domestic conditions [56]. Technicals - The report indicates that external balances, particularly current account surpluses, have been among the best signals for global FX returns this year [24][25]. - It emphasizes that equity momentum has been a strong strategy for G10 currencies, benefiting from lower policy activity among central banks [24][25]. Trade Recommendations - The report suggests rotating AUD/USD into a long AUD and NZD basket against USD, citing improved domestic prospects for New Zealand [41][56]. - It also recommends an overweight position in EM currencies, particularly in Asia and EMEA, while remaining selective in commodity and frontier markets [23][56].