1. The Federal Reserve may purchase $2 trillion in Treasury bonds to assist the Treasury
Bank of America analysts estimate that the Federal Reserve may purchase nearly $2 trillion in Treasury bonds over the next two years to adjust its portfolio structure, reduce interest rate risk and negative assets, while shortening the duration of liabilities. This move is expected to absorb nearly all of the Treasury's issuance, providing much-needed funding support. The Treasury has issued a large number of short-term bonds since raising the debt ceiling to address deficit pressure. - Original
2. The Federal Reserve officially abolishes the expert panel on cryptocurrency regulation
The Federal Reserve has shut down its newly established activity oversight program in 2023, which aimed in part to focus on banks' cryptocurrency activities. - Original
3. Reuters survey: 68 economists believe the Federal Reserve will cut interest rates one to two times this year
Reuters survey data shows that among 110 economists, 68 believe the Federal Reserve will cut interest rates one to two times this year, while 69 out of 105 thought so in the July survey. Additionally, 67 out of 110 economists believe the Federal Reserve will lower rates to 4.0%-4.25% in September, with 56 out of 105 agreeing in the July survey. - Original
4. Gemini files for IPO, plans to list on Nasdaq
Cryptocurrency platform Gemini has submitted an S-1 registration statement to the U.S. SEC, planning to list on the Nasdaq Global Select Market under the ticker symbol 'GEMI'. The number of shares and price range have yet to be determined, with Goldman Sachs and Citigroup serving as lead underwriters. Gemini was founded by the Winklevoss brothers and currently offers cryptocurrency services in over 60 countries worldwide. - Original
5. Brevan Howard holds $2.3 billion in Bitcoin, increasing its investment in the cryptocurrency market
According to SEC 13F filings, asset management company Brevan Howard holds $2.3 billion worth of Bitcoin. The company has recently increased its presence in the cryptocurrency market and appointed David Kalk as the portfolio manager for its multi-strategy digital asset fund. - Original
6. Digital Currency Group sues Genesis for claims exceeding $100 million
Digital Currency Group is suing its subsidiary Genesis over $1.1 billion in receivables, demanding payment of $105 million plus interest. This matter is reportedly related to the funding gap following the collapse of Three Arrows Capital in 2022. - Original
7. BioSig announces a fundraising of $15 million to support RWA tokenization
BioSig Technologies announces a public offering of approximately 3.85 million shares of common stock at $3.90 per share, raising about $15 million. The funds will be used to purchase gold bars and promote the development of gold RWA tokenization. - Original
8. Circle will issue 10 million Class A shares at $130 per share
The price is more than four times the offering price of $31 at the company's initial public offering (IPO) on the New York Stock Exchange in June of this year. - Original
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