1. Federal Reserve Governor Bowman supports three rate cuts this year, stating that the risks of inflation rising have decreased
Regarding inflation, Federal Reserve Governor Bowman stated that core personal consumption expenditure inflation seems to be moving towards a much closer target of 2% than the data shows. He believes it is appropriate to disregard temporarily high inflation. The risks of rising inflation have decreased, and he is more confident that tariffs will not lead to persistent inflation. Bowman believes the sharp slowdown in job growth may be due to significantly weakened labor demand. He stated that deregulation, tax cuts, and a business-friendly environment may offset the impact of tariff-related factors on economic activity and prices. Additionally, he supports three rate cuts this year. -Original
2. El Salvador's new law allows investment banks to provide cryptocurrency services to mature investors
El Salvador passes a new (Investment Banking Law), allowing private investment banks to provide services in legal tender, foreign currencies, and cryptocurrencies to 'mature investors'. Banks holding a Digital Asset Service Provider (PSAD) license can hold digital assets like Bitcoin on their balance sheets and choose to operate entirely as Bitcoin banks. -Original
3. After the (GENIUS Act) was passed, the market value of stablecoins surged by $9.11 billion
After the (GENIUS Act) was passed, the market value of stablecoins grew by $9.11 billion within 23 days. Among them, Ethena Labs' USDe grew by $4.19 billion, benefiting from agreements with Aave and Pendle; Tether's USDT increased by $3.71 billion, continuing to dominate; SkyEcosystem's USDS grew by $1.3 billion. New stablecoins like PayPal's PYUSD and Ripple's RLUSD also show increased institutional interest in this field. -Original
4. This week, total crypto financing reached $1.46 billion, with 18 projects receiving investment
This week, total financing in the crypto field reached $1.46 billion, covering 18 projects, focusing on blockchain, artificial intelligence, and payment infrastructure. Verb Technology leads with $558 million, Satsuma Technology received $217.6 million, and Ripple acquired Rail for $200 million, further expanding payment channels. -Original
5. BMNR holds 831,000 ETH, ranking first among institutions, with a 30-day increase of 41.07%
According to strategicethreserve data, BMNR holds 831,000 ETH (approximately $3.51 billion), ranking first among institutional holdings with a 30-day increase of 41.07%. SBET holds 521,900 ETH (approximately $2.2 billion), with a 153.83% increase, ranking second. DYNX holds 345,400 ETH (approximately $1.46 billion), with an 8.01% increase, ranking third. The Ethereum Foundation holds 232,600 ETH (approximately $980 million), with a 4.47% decrease, ranking fourth. BTCS has the largest increase in holdings, reaching 379.64%, holding 70,000 ETH (approximately $295 million). -Original
6. Arthur Hayes sold and then repurchased $8.3 million in ETH, possibly optimistic about a market rebound
Rapid repurchases indicate that Hayes may see Ethereum rebound, which contradicts his previous predictions about market sluggishness. -Original
7. Morgan Stanley says weak employment data may trigger a pullback in US stocks
Morgan Stanley stock strategist Michael Wilson: Weak employment data, combined with concerns about tariff-related inflation, may become... a trigger for a pullback in US stocks, especially in the third quarter, which tends to show weak seasonal performance. We will buy on the pullback. -Original
8. Bitdeer's Bitcoin holdings increased to 1,718 coins, with a mining output of 74.8 coins this week
Bitdeer announced the latest data, as of August 8, its Bitcoin holdings increased to 1,718.1 coins. This week, mining output was 74.8 BTC, while 32.6 BTC was sold. -Original
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