SEC Chair: Majority of Cryptocurrencies are Not Securities, Has Instructed to Develop Clear Rules and Implement White House Cryptocurrency Proposal

August 1st. According to market reports, Bo Hines, who is the Executive Director of Trump's Digital Asset Advisory Committee, declared that Trump will "in the near future" launch a Bitcoin reserve plan. (Golden Ten)

On August 1st, based on the monitoring of @btcNLNico, a Swedish-listed company announced the acquisition of an additional 17.47 BTC, bringing its total holdings to 702.6 BTC.

On August 1st, based on the market data from Rockflow, the stock price of Coinbase (COIN.O) dropped by 12% and is now trading at $331, which marks the largest intraday decline since April.

August 1st. In a message from "the Fed Whisperer," Nick Timiraos, it was indicated that the recent three-month slowdown in employment might have created an opportunity for Fed officials to consider a rate cut at their next meeting in September. At the least, this has highlighted the difficult balancing act they are facing amid economic slowdown and rising inflationary pressures. Given that the labor market had been demonstrating robust job growth, Fed officials had been at ease this year in maintaining the stability of interest rates. However, significant downward adjustments to the May and June employment data have changed that situation. Fed officials had previously stated that they were less concerned about overall job growth as it had slowed in tandem with the deceleration in labor force growth. When the labor supply shrinks, even if job growth decelerates, the unemployment rate can still remain stable or even decrease. Nevertheless, Fed Chair Powell noted this week that the stab

On August 1st, according to HTX market data, Bitcoin continued to rise following the release of US non-farm payrolls data and broke through $116,000. It is currently priced at $116,005, with a 24-hour decline narrowed to 2.02%.

On August 1st, traders have fully factored in the situation where the Fed will cut interest rates twice before the end of the year. (Xinhua)