X Product Lead: InfoFi Apps Pay Millions for API Access, But the Platform No Longer Needs This Revenue

Odaily reports, according to OKX market data, BTC has fallen below 85,000 USDT, currently trading at 84,972.1 USDT, with a 24H decline of 1.48%.

Odaily reports, according to OKX market data, ETH has fallen below 2700 USDT, currently trading at 2699.69 USDT, with a 24H decline of 1.8%.

Odaily News: Federal Reserve Governor Barr stated that further rate hikes may be needed to ensure a timely return to the 2% inflation target, and additional policy adjustments may be necessary to ensure inflation falls to the target level in a timely manner. Inflation has not clearly trended toward the target in a timely way; economic growth is strong, the labor market is solid, the Federal Reserve is in an unfavorable position, and it has already adjusted in the right direction.

Odaily News: Bitwise has released its first "Institutional Crypto Asset Adoption" report, based on interviews with investment professionals responsible for crypto asset allocation at 15 large institutions. The report states that between Q4 2025 and Q2 2026, the crypto market experienced an overall drawdown of approximately 50%, yet none of the surveyed institutions reduced their crypto asset allocations, and some even increased their holdings further. All surveyed institutions holding crypto assets hold Bitcoin, with most viewing it as a store of value and ranking it alongside gold as a hedge against fiat currency depreciation. The report also shows that the surveyed institutions' crypto asset allocation ratios range from 0.5% to 13% of investable assets, with most concentrated between 1% and 2%.

Odaily reports that DeFi researcher Ignas posted on X platform stating that if the "high-revenue token" narrative persists, the current period could become one of the easiest crypto bull markets to participate in. He believes that investors should focus on projects with high and continuously growing revenue, where revenue can actually flow back to token holders through dividends or buybacks, and where market capitalization is low relative to the revenue available to holders, while also considering token issuance and unlock schedules. Ignas stated that in the future, AI agents could also automatically complete relevant screening and due diligence on a weekly basis, and noted that tokens such as HYPE, LIT, and PUMP appear in hindsight to have been relatively simple trading opportunities. The next step should be to look for emerging protocols with relatively high revenue that are still undervalued by the market.

Odaily reports that the Secretary of Iran's Supreme National Security Council stated that as long as Iran's conditions are not met, the Strait of Hormuz will not reopen, and no negotiations will take place. Iran is in no hurry to negotiate; Iran's conditions have already been drafted and have been handed to Qatar and Pakistan. (CLS)