Galaxy Digital CEO: Crypto Financial Company Craze May Have Peaked

September 8th. The tariff tracking tool jointly established by the World Trade Organization and the International Monetary Fund indicates that by the 7th, the United States' trade-weighted average tariff rate on all global products has risen to 20.11%, which is notably higher than the 2.44% at the beginning of the year. The data reveals that the United States' simple average tariff rate on all global products has increased from 2.08% at the start of the year to 17.39% on the 7th. The global trade volume affected has soared from $2.8846 trillion at the beginning of the year to the current $27.47 trillion. A report issued by the Yale University Budget Lab on the 7th, which has been monitoring the long-term impact of US tariff policies, shows that with the continuous adjustment of US tariff policies, its current average effective tariff rate has reached 18.6%, the highest level since 1933. (Jinshi)

On August 9th, based on CoinGecko data, the market capitalization of cryptocurrencies has witnessed a 24-hour increase of 1.7%, exceeding $4 trillion and currently standing at $4.021 trillion. The 24-hour trading volume of the cryptocurrency market is $1377.554 billion.

September 8th. Paul Chan, the Financial Secretary of Hong Kong, declared that Hong Kong insurance companies are earnestly embracing advanced technologies like AI, big data, and blockchain to prompt the transformation of the industry. They are currently capable of enhancing customer experience and operational efficiency by means of digitalized claims, personalized insurance products, and intelligent risk assessment. As one of the initial insurance companies to relocate back to Hong Kong, AXA Hong Kong has manifested a firm confidence in Hong Kong's status as an international financial center.

On August 9th, cryptocurrency analyst @ali_charts presented on-chain data indicating that within the past 48 hours, whales collectively enhanced their XRP holdings by more than 50 million coins.

On August 9th, Binance Alpha has now initiated Baby Shark Universe (BSU).

On August 9th, based on market information, Baby Shark Universe (BSU) has been listed on Binance Alpha. It is currently trading at $0.071, and the market capitalization is $11.72 million. Each eligible user can receive an airdrop of 510 BSU tokens. The estimated value of a single airdrop at the current price is approximately $32.6.