redefine

ChainCatcher news, according to a social media post, "Fed mouthpiece" Nick Timiraos stated that Federal Reserve Chairman Powell has taken a "strong defensive posture" regarding a potential rate cut in September.When asked the leading question, "What circumstances would trigger a rate cut in September?" Powell replied, "I won't provide a specific answer. We need to observe the evolution of the data; there are multiple possibilities. We will make decisions based on comprehensive data analysis and risk balance assessment."As the Potomac Research Company often says: If we are hungry, we will naturally eat.

ChainCatcher news, regulatory expert Amy Lynch stated that the U.S. Securities and Exchange Commission (SEC) may redefine the attributes of cryptocurrencies, with most tokens potentially classified as commodities, thus falling outside the SEC's jurisdiction. The SEC's lawsuit against Ripple Labs over the issuance of the XRP token has become a key indicator, as the SEC previously accused it of issuing unregistered securities. Importantly, this case is seen as a legal basis for classifying most cryptocurrencies as securities subject to SEC oversight.

ChainCatcher news, EigenLayer announces the redefinition of AVS (Active Verification Service) as "Autonomous Verifiable Service".EigenLayer stated that when it first introduced the concept of Active Verification Service (AVS) in February 2023, it intended to describe how EigenLayer ensures the correctness and security of services built in a decentralized environment. Currently, there is a better way to describe what AVS represents; "active verification" describes how these services are continuously monitored and verified to ensure they are functioning properly. The two key features of the autonomous verifiable framework are: autonomy and verification. The combination of autonomy and verifiability will be EigenLayer's uniqueness.EigenLayer further added that its implementation has no technical changes, but is simply an improvement in terminology to better reflect the potential of these services.