1. Trump expands the candidate pool for the Federal Reserve Chair.
U.S. Treasury Secretary Bessent is leading the search for the next Federal Reserve Chair, and the candidate pool will be further expanded. New candidates include former St. Louis Federal Reserve President James Bullard and former President George W. Bush advisor Mark Sullivan. - Original text
2. Poor Canadian employment data raises the probability of interest rate cuts to 38%.
In July, Canada saw a decrease of 40,800 jobs, far below the expected increase of 13,500. Following the data release, the Canadian swap market shows that the probability of the central bank cutting interest rates in September has risen to 38%, up from the previous 33%. - Original text
3. White House officials reveal allowing pension funds to invest in cryptocurrencies.
Click the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 [Last week mentioned BTC fell back to around 110,000, just 2,000 away from the target] On August 7, according to Caixin News, senior White House officials revealed that Trump would sign an executive order on Thursday allowing alternative assets such as private equity, real estate, and cryptocurrencies to be included in 401(k) retirement savings plans, marking a significant shift in U.S. pension investments. The 401(k) plan is a pension insurance system jointly funded by employees and employers, with previous investments limited to public market products such as stocks and bonds. This policy will open the door to approximately $12.5 trillion in retirement account funds, ordering the Labor Department to reassess related investment guidelines and collaborate with multiple departments to clarify rules. The news boosted the cryptocurrency market, with Bitcoin jumping and BTC-related stocks seeing significant gains; private equity stocks like Apollo Group also rose slightly. This move is seen as a victory for the alternative asset management industry and is an important initiative by Trump to promote the cryptocurrency industry. [Technical Analysis] — After the BTC weekly line change, it has formed an engulfing pattern, oscillating near 110,000, having retraced twice without breaking. The four-hour outlook is bullish, and the daily golden cross has not succeeded; if successful, at least 130,000 is anticipated, checking if it can stabilize at 120,000 next week. — The ETH weekly close synchronizes with Bitcoin's engulfing pattern, retracing to the target near 3,300. Once the news from Old Trump surfaced, it directly pulled back to a new high. If it breaks 4,000, 4,800's prior high must be reached. So how should we operate next? It will be detailed by teacher Zhao Yun, who has 9 years of practical trading experience in the crypto space; welcome to check in to the live broadcast! Join the Three Kingdoms Academy group chat for more services: 1. Real-time analysis (online one-on-one Q&A and organization) 2. Professional technical analysis and theoretical learning 3. Building and improving trading systems 4. Daily live courses, contract analysis, real-time trading, helping you succeed! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408; the live room will provide detailed analysis. Disclaimer: The above content only represents the author's personal view, for exchange and sharing purposes only, does not represent AiCoin's position or views, and does not constitute any investment advice. Investing based on this may involve external contact, and AiCoin is not responsible for the consequences. - Original text
4. SEC approves liquid staking transactions, boosting the Ethereum ecosystem.
Regulatory clarity has driven the price surge of the Ethereum staking ecosystem, with layer 2 tokens and optimistic rollup projects achieving double-digit gains weekly. - Original text
5. Swiss bank Sygnum launches regulated SUI custody services.
Sygnum is expanding regulated access to the Sui blockchain for institutional clients for custody and trading, with plans to add staking and lending later this year. - Original text
6. Galaxy Digital takes over Mill City SUI asset management.
Galaxy Digital announced that it has become the SUI asset manager for Mill City and is participating in its $450 million SUI treasury strategy private placement financing. In addition, Galaxy will provide liquidity support and staking strategy services. - Original text
7. Hong Kong Monetary Authority warns of risks from false stablecoin promotions.
The Hong Kong Monetary Authority issued a statement today warning that recent criminals have been using the HKMA logo to distribute promotional flyers for stablecoin sales. The HKMA reiterated that since the stablecoin regulation came into effect on August 1, stablecoin sales must be conducted by licensed stablecoin issuers, corporations holding a Type 1 License from the SFC, virtual asset trading platforms, banks, or licensed stored value payment tool providers. Current virtual asset OTC trading institutions are not within the permitted scope. The HKMA reminds the public that if they purchase unregulated stablecoins through unregulated channels, they must bear the related risks themselves. - Original text
8. OKX integrates Apple Pay, supporting users in the U.S. and Europe to buy coins.
According to official news, OKX CEO Star reposted on the X platform that 'Apple Pay has now landed on OKX Europe,' stating: 'This is an important step for cryptocurrency adoption. Apple Pay is fully integrated into the OKX platform's coin purchase process, supporting one-click purchases for users in the U.S. and the European Economic Area (EEA) without the need to enter bank card information. OKX is making the crypto world simpler and more accessible, truly reaching the masses.' Details: https://x.com/star_okx/status/1953468415148200438 - Original text
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