**FED CHAIR'S SPEECH SUGGESTS POSSIBILITY OF INTEREST RATE CUTS**

* US Federal Reserve Chair Jerome Powell, in his speech at the Jackson Hole symposium, suggested the possibility of interest rate cuts.

* This signal was interpreted by the markets as a potential shift in monetary policy that could take place in September.

* Expectations of lower interest rates have historically led to increased interest in riskier assets, including cryptocurrencies.

**PHILIPPINES: BILL PROPOSES CREATION OF A BITCOIN RESERVE**

* Filipino congressman Migz Villafuerte introduced a bill aimed at creating a strategic bitcoin reserve.

* According to the proposal, the central bank of the Philippines would acquire 10,000 BTC over the next five years.

* The bill is one of the most ambitious cryptocurrency policy proposals in Southeast Asia.

**SOUTH KOREAN BANKS IN TALKS WITH TETHER AND CIRCLE**

* The largest financial groups in South Korea are in talks with Tether and Circle, issuers of stablecoins.

* Stablecoins are a type of cryptocurrency whose value is pegged to traditional currencies, such as the US dollar.

* The discussions involve potential partnerships for distribution and integration of these assets into the local financial market.

**US DEPARTMENT OF JUSTICE: WRITING DEFI CODE IS NOT A CRIME**

* The US Department of Justice (DOJ) signaled a shift in its approach to decentralized finance (DeFi).

* Under the new stance, merely writing computer code for DeFi protocols will not be treated as criminal activity.

* This legal clarification aims to distinguish the creation of technology from its illegal use.

**VANECK FILES FOR FIRST LIQUID STAKING SOLANA ETF**

* Asset management firm VanEck has filed for the creation of the first US ETF based on liquid staking tokens of Solana.

* Liquid staking is a process where users lock their cryptocurrencies to support the network and receive tradable tokens in return.

* The application concerns JitoSOL tokens and is the first of its kind submitted to a US regulator.

**GEMINI EXPANDS EUROPEAN OPERATIONS WITH MICA LICENSE**

* Cryptocurrency exchange Gemini has obtained a MiCA license from the Maltese regulatory authority.

* MiCA is an EU regulation establishing a unified legal framework for the digital asset market across the European Union.

* This license allows the exchange to offer its services in over 30 European countries in compliance with the new rules.

**CFTC LAUNCHES NEXT PHASE OF "CRYPTO SPRINT" REGULATORY INITIATIVE**

* The US Commodity Futures Trading Commission (CFTC) announced the next phase of its regulatory initiative.

* The goal of "Crypto Sprint" is to implement White House recommendations regarding the digital asset market.

* These efforts aim to expand market oversight and accelerate the development of regulated crypto trading in the US.

**INTERPOL DISMANTLES CRIMINAL NETWORKS IN AFRICA, SEIZES USD 100 MILLION**

* Interpol, in collaboration with law enforcement from 18 African countries, conducted a large-scale operation against cybercrime.

* During the three-month operation dubbed "Operation Serengeti 2.0", over 1,200 individuals were arrested.

* Nearly 100 million dollars in assets were seized, including funds from illegal crypto mining and online fraud.

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