Analyst: Ethereum On-Chain Activity Not Reflected in ETH Price, Staking ETF Approval Could Further Unlock Upside Potential

On August 7th: Based on market information, Waller has emerged as a leading candidate for the position of Fed Chair within the Trump administration. Waller has had meetings with the Trump team but has not yet met with Trump himself. It is reported that the Trump team is in favor of Waller's willingness to cut interest rates based on forecasts. (FX168)

On August 7th, according to official channels, the stablecoin project Plasma announced that it is collaborating with Aave to launch the first and only institutional fund dedicated to the global new financial system.

On August 7th, as reported by Reuters, the New York financial regulator announced that Paxos Trust had reached a settlement agreement worth $48.5 million due to shortcomings in anti-money laundering and due diligence regarding Binance.

July 8th. As per official channels, Huobi HTX officially declared a partnership with World Liberty Financial (WLFI), emerging as one of the initial key partners within its USD1 Rewards Program. The USD1 Rewards Program stands as the world's first points reward mechanism tailored explicitly for the stablecoin USD1, whereby users are capable of accruing points through trading, holding, or staking USD1. Huobi HTX Global Advisor Justin Sun expressed, "Huobi HTX is delighted to back the growth of USD1 and participate in this pioneering rewards program. We will persistently drive the extensive adoption of stablecoins by means of secure and reliable trading services, profound strategic partnerships, and forward-looking undertakings." WLFI was jointly founded by U.S. President Trump and members of his family. USD1 is the compliant stablecoin issued under WLFI and is fully backed by short-term U.S. Treasury bonds, U.S. dollar deposits, and cash equivalents, guaranteeing high transparency and

On August 7th, based on the market data from Rockflow, the US stock cryptocurrency sector witnessed gains. Coinbase (COIN.O) increased by more than 3%, Bitfarm rose by nearly 4%, and Hut 8 went up by almost 5%.

On August 7th, as per The Block, Union Jack Oil (ticker: UJO), a firm concentrating on onshore oil and gas production, development, exploration, and investment in the US and the UK, intends to monetize its natural gas production at a joint exploration site in East Yorkshire, England by means of a new Bitcoin mining operation. The UK-listed company announced on Thursday that the joint project operated by Rathlin Energy has reached a non-binding agreement with 360 Energy, a Texas-based natural gas offtake and monetization service provider, to install Bitcoin mining infrastructure at the site. Owing to regulatory delays still impeding the traditional development route, mining is regarded as an alternative solution. Both parties anticipate further signing a formal agreement with legal binding based on the same terms. The Union Jack board holds the view that the proposed Bitcoin mining plan is a creative approach with great potential for sustainable revenue. If it is successful, the company