1. The US core CPI for July, not seasonally adjusted, reached a five-month high, exceeding market expectations
The US announced a 0.2% month-on-month CPI for July, expected at 0.20%, previous value at 0.30%; the year-on-year CPI for July, not seasonally adjusted, was 2.7%, expected 2.8%, previous value 2.7%. The year-on-year core CPI for July, not seasonally adjusted, further rose to 3.1%, a five-month high, above the market expectation of 3.0%.
2. Slow Fog founder: The Qubic mining pool's 51% attack on Monero is suspected to have succeeded
The 51% attack initiated by the Qubic mining pool on Monero seems to have succeeded, with the pool currently controlling the majority of the network's computing power. A major blockchain reorganization was detected this morning. Qubic can alter on-chain history, initiate double-spending attacks, and scrutinize any transaction. It is estimated that maintaining this attack could cost up to $75 million per day. Qubic responded that the Monero experiment is proceeding completely as planned, and everything will be revealed in due time.
3. Ethereum treasury company BitMine releases a prospectus supplement stating it can raise up to $20 billion
Ethereum treasury company BitMine releases a prospectus supplement stating it can raise up to $20 billion. The total issuance price of common stock can reach up to $24.5 billion, with the maximum issuance price specified in the prospectus supplement being $2 billion, while the previous prospectus supplement stated the maximum issuance price was $2.5 billion, and this prospectus supplement states the maximum issuance price can reach $20 billion. Following the release of this document, the ETH price briefly surpassed $4,400.
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4. Bitrace: One week after the stablecoin regulations took effect, the scale of the Hong Kong OTC market decreased by 33%
Bitrace analysis pointed out that one week after the stablecoin regulations took effect, on-chain data showed that from August 1 to August 8, the daily average outflow of USDT from major Hong Kong OTC service providers (HKVAOTC) was $34.9 million, down 32.94% from before the regulations took effect (daily average of $52.04 million from June 1 to July 31). Among them, store-type service providers were more affected, with daily average USDT outflow decreasing by 43.2%, much higher than the 30.65% drop for non-store-type service providers, indicating a trend of some business moving underground.
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5. US SEC officials confirm the conclusion of the Ripple case, regulatory focus shifts to cryptocurrency policy formulation
US SEC Commissioner Hester Peirce stated that the SEC's lawsuit against Ripple has officially ended, and related efforts can shift to the formulation of a cryptocurrency regulatory framework; SEC Chairman Paul Atkins agreed, stating this is an opportunity to shift the focus from the courtroom to policy drafting, aiming to establish a clear regulatory system that promotes innovation while protecting investors. Previously, the case accused Ripple of unregistered securities by raising $1.3 billion through the sale of XRP.
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