BAS has launched a community on-chain quadratic voting, playing a decisive role in the distribution of the prize pool for the 'Make BNB Greater' Hackerthon. The vote will generate a voting proof as a credential. The Hackerthon, initiated by BAS, has a total prize pool of $50,000, with nine sponsors and supporters. As of December 15th, Hackerthon project submissions and voting are still ongoing.

On July 18th, Jin10 Data reported that some European Central Bank policymakers initially opened the door to further interest rate cuts in July, but now that door has been closed tightly. Bas van Geffen, Senior Macro Strategist at the Dutch Cooperative Bank, pointed out that the data showed that the bank should remain cautious and does not need to cut interest rates continuously in July. The European Central Bank's forecasts may be too mild, so it will not prevent it from cutting interest rates again in September. However, we believe that our forecast for future deposit Interest Rate has upside risks.

DHF Capital CEO and asset manager Bas Kooijman said in a note that the euro was firmer in early European trading but could come under pressure as traders await the outcome of the European Central Bank meeting. He said that while the European Central Bank is facing high inflation, deteriorating economic conditions in the euro zone may affect its interest rate decisions, casting some doubts on whether it will raise interest rates or keep them unchanged. In addition, the European economic outlook has weakened, with the German economy expected to shrink this year, which may continue to weigh on the performance of the euro.

① According to a Reuters poll, slightly more than half of the analysts surveyed believe that the ECB will pause its interest rate hike in September, which has lasted for more than a year, but due to high inflation, further interest rate hikes are still possible before the end of the year. ②Since July 2022, the European Central Bank has raised interest rates nine times in a row. But after raising interest rates by 25 basis points in July, central bank President Christine Lagarde said at a press conference that it was uncertain whether further interest rate hikes were needed, and seemed to be paving the way for a pause in tightening. ③ In the face of a slowdown in economic activity, especially in Germany, the leader in the euro zone, Lagarde also said that the data to be released next will be crucial for subsequent decision-making, and a September rate hike or pause is likely. ④In the survey, 37 of the 70 analysts (53%) expected the ECB to hold its hands at the September 14 meeting and maintain the deposit rate at 3.75%, compared with 47% who predicted no change in last month's survey . The survey also showed that 53% of analysts expect the deposit rate to rise to 4.00% this year, with 33 forecasting it in September and 4 forecasting it in October or December. ⑤Bas van Geffen, senior macro strategist at Rabobank, said, "We basically predict that the European Central Bank will stay on hold for an extended period of time. However, a setback in the fight against inflation may still force a rate hike later this year," ⑥ "Since the ECB remains data-driven, September and October face the greatest risk of raising interest rates again if the data fail to convince the (management) committee that inflation is moving closer to the target."

Most economists surveyed believe the ECB will pause rate hikes in September, but further hikes remain possible before the end of the year amid rising inflation. In the survey, 37 of 70 economists expect no action from the ECB on Sept. 14, and 53% of economists expect the deposit rate to rise to 4.00% sometime this year, with 33 A rate hike is expected in September, with four expected in October or December. Bas van Geffen, senior macro strategist at Rabobank, believes that the ECB will stay on hold for an extended period of time, but the setback in inflation could still force the ECB to raise interest rates later this year. With the ECB still reliant on data, September and October present the greatest risk of another rate hike if the data fail to convince the committee that inflation is moving closer to its target.