It's late at night, Wall Street elites have just opened, and the market has received three important news. As expected, cryptocurrency mining has been legalized in this country, which is related to your and my wallet. There is no time to talk nonsense, let's get straight to the point!

1. U.S. stock index futures hit a pre-market high after a key producer price (PPI) indicator rose less than expected in July, conveying optimism that inflation is slowing and the Federal Reserve will be able to cut interest rates soon.

Data from the U.S. Department of Labor showed that final demand PPI rose 0.1% month-on-month, lower than the expected 0.2%.

2. Google (GOOGL.US) announced that the launch of its new AI phone Pixel will be brought forward to 13:00 pm Eastern Time on Tuesday.

The market is eagerly watching Google's new hardware launch event, and they hope that Pixel's advanced artificial intelligence features can help the market in order to curb the recent decline in market value that has evaporated more than $360 billion in just one month.

3. Recently, the Russian legislature, the Duma, passed a legislative amendment in the third reading, which aims to provide a clear legal system for the regulation of cryptocurrency transactions and mining in Russia.

According to Russian federal law, the bill needs to be approved by the Federation Council and signed by the President before it can take effect. If the bill is passed, cryptocurrency mining will be officially legalized in Russia from November 1, 2024. #美国7月PPI低于预期 #加密市场反弹 #俄罗斯挖矿合法化