1. Federal Reserve's July minutes mention risks of Treasury bonds and stablecoins
The Federal Reserve's July meeting minutes show that participants expressed concerns about the vulnerability of the U.S. Treasury market, mentioning issues such as declining dealer intermediary capacity, hedge fund influence, and insufficient market depth. Additionally, participants discussed the vulnerability of banks to rising long-term yields, the maturity mismatch risk of forex swaps, and the potential impact of stablecoins on the financial system and monetary policy, emphasizing the need to closely monitor developments and changes in demand for related assets. - Original
2. U.S. Congressman proposes to authorize the president to combat overseas cryptocurrency theft
According to Bitcoin Laws, Arkansas Congressman David Schweikert has proposed a new bill that would allow the president to issue 'privateering licenses' to authorize individuals and companies to arrest cryptocurrency fraudsters outside the United States. The proposal aims to strengthen the crackdown on cryptocurrency theft and protect industry interests. - Original
3. Mingcheng Group announces it will purchase 4,250 Bitcoins
Mingcheng Group has announced that it has signed a Bitcoin purchase agreement to acquire 4,250 Bitcoins. - Original
4. Japan plans to approve the JPYC stablecoin, aiming for 1 trillion yen in three years
Japan's Financial Services Agency plans to approve the issuance of the yen stablecoin 'JPYC' this fall, which can be used for international transfers, corporate payments, and DeFi asset management. JPYC aims to reach a issuance scale of 1 trillion yen within three years, attracting the attention of institutional investors such as hedge funds and family offices, potentially for arbitrage trading and other scenarios. - Original
5. Sweden's Safello to launch physically-backed TAO ETP
Swedish cryptocurrency trading company Safello has announced the launch of Europe's first physically-backed TAO ETP, planned to be listed on the Swiss Stock Exchange, Euronext, and Deutsche Börse, providing investors with a channel to invest in the Bittensor token TAO. - Original
6. Tether has minted an additional 1 billion USDT
At 19:37 Beijing time, Tether Treasury minted an additional 1 billion USDT on the Ethereum network, worth approximately $1.00066 billion. - Original
7. U.S. Senators push for cryptocurrency market structure bill, aiming for legislation by year-end
U.S. Wyoming Republican Senator Cynthia Lummis plans to push for the completion of the cryptocurrency market structure bill by the end of 2025 and submit it for presidential signature. The bill is based on the (Digital Asset Market Clarity Act) passed by the House of Representatives, and Lummis hopes to retain as many of the House's amendments regarding stablecoins and other provisions as possible to reflect a spirit of collaboration between the two chambers. It is reported that the bill previously received support from 78 Democratic representatives in the House. Lummis stated that the goal is to complete the relevant legislative work before Thanksgiving. - Original
8. LM Funding raises $23 million to accelerate Bitcoin strategy
LM Funding America (Nasdaq: LMFA) announced it has completed financing totaling approximately $23 million, including $12.6 million from a registered direct offering and $10.4 million from a private placement. The funds will mainly be used to acquire more Bitcoin and strengthen the company's Bitcoin treasury. Since launching its Bitcoin funding strategy in 2021, the company has accumulated 150 Bitcoins, has a mining capacity of 26 megawatts, and plans to acquire an 11 megawatt mining site in Mississippi to expand its business. - Original
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