The SEC has opened an account on the social media platform Truth Social

August 21st: The Federal Reserve disclosed the minutes of the July meeting. It was noted that the actual GDP growth in the first half of the year was moderate. The unemployment rate has been continuously low, and consumer price inflation remains relatively high. The slowdown in inflation appears to have come to a halt, with tariffs exerting upward pressure on goods price inflation. After net exports significantly pulled down GDP growth in the first quarter, their contribution turned significantly positive in the second quarter. The actual import of goods and services decreased substantially. This may be due to a large amount of early imports in response to the anticipated tariff increase in the first quarter. In contrast, the decline in goods exports was relatively mild, while service exports continued to increase. (FX168)

August 21st, Federal Reserve Meeting Minutes: The officials are keeping a close eye on the growth of stablecoins and the associated risks after the passage of the GENIUS Act. (Associated Press)

On August 21st, the minutes of the Federal Reserve Meeting showed that the majority of committee members considered that the risk of inflation is greater than the risk of employment. (In terms of foreign exchange.)

On August 21st, the Hong Kong-based construction service provider, BuildKing Group, announced that it had signed a Bitcoin purchase agreement to invest $483 million in purchasing 4,250 Bitcoins. (Golden Ten)

August 21st: Following the release of the Federal Reserve meeting minutes at 2:00, the crypto market witnessed a downturn. Bitcoin fell below $114,000, experiencing a short-term decline of 0.41%. Ethereum also dropped below $4,300, with a short-term decline of 1.35%.

August 21st: The minutes of the Federal Reserve's July meeting were released. It was mentioned that the recent stock price hikes and the narrowing of credit spreads suggest that the market believes the overall U.S. economy remains strong. Nevertheless, the financial markets seem to have begun to distinguish among firms based on the scale and quality of their earnings. The valuation of the S&P 500 index remains above its long-term average level mainly because the market is optimistically expecting that large technology companies may gain potential benefits from the further application of artificial intelligence (AI). However, although the valuation of the small-cap stock index has increased during the intermeeting period, it is still below the historical average level. (FXStreet)