8.10 Market News
1. Federal Reserve Governor Bowman supports three rate cuts this year, stating that the upward inflation risk has diminished.
2. A new law in El Salvador allows investment banks to provide cryptocurrency services to mature investors.
3. After the passing of the "GENIUS Act", the market capitalization of stablecoins surged by $9.11 billion.
4. This week, the total amount of cryptocurrency financing reached $1.46 billion, with 18 projects receiving investments.
5. BMNR holds 831,000 ETH, ranking first among institutions, with a 41.07% increase in the past 30 days.
6. Arthur Hayes repurchased $8.3 million in ETH after selling, possibly anticipating a market rebound.
7. Morgan Stanley states that weak employment data may trigger a correction in the U.S. stock market.
8. Bitdeer's Bitcoin holdings increased to 1,718 coins, with a mining output of 74.8 coins this week.
