Bitcoin $89,695.39 +0.63%
Ethereum $3,051.65 +1.02%
BNB $892.70 +1.49%
Optimism $0.31 +5.34%
Arbitrum $0.21 +2.98%
Solana $132.80 +0.69%
Polygon $0.22 +2.77%
Cosmos $2.25 +3.51%
Avalanche $13.35 +0.08%

Bitcoin $89,695.39 +0.63%
Ethereum $3,051.65 +1.02%
BNB $892.70 +1.49%
Optimism $0.31 +5.34%
Arbitrum $0.21 +2.98%
Solana $132.80 +0.69%
Polygon $0.22 +2.77%
Cosmos $2.25 +3.51%
Avalanche $13.35 +0.08%

August 5th Midday Update: Key Developments at a Glance

7:00-12:00 Keywords: Bitsonic, Coinbase, White House

1. Trump celebrates the surge in US stocks: there will be many more rises like this;

2. Representative of South Korean cryptocurrency exchange Bitsonic jailed again for suspected 100 million won fraud case;

3. Coinbase CEO: US government to hold over $600 billion in Bitcoin reserves;

4. Benchmark: Coinbase's weak profits and stock price decline are "irrelevant in the grand scheme of things";

5. Coinbase and PayPal continue to issue stablecoin rewards in response to regulatory controversy surrounding the "GENIUS Act";

6. Bitcoin Magazine CEO David Bailey plans to raise $200 million for a new political action committee;

7. President of The ETF Store: The White House is preparing an executive order aimed at punishing banks that discriminate against cryptocurrency companies.

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BTC breaks $90,000

market shows BTC breaking through $90,000, currently at $90,009.99, the 24-hour decline narrowed to 0.57%, market volatility is high, please manage your risk properly.
The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.

according to data monitored by Farside Investors, the US spot Bitcoin ETF had a net inflow of 54.8 million USD yesterday.
The US spot Ethereum ETF saw a net outflow of $75.2 million yesterday.

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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

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Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

Bank of America stated the market may soon price in the Federal Reserve's rate cut expectation in January. (Jin10)
He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

He Lifeng, China's lead for China-US economic and trade relations and Vice Premier of the State Council, held a video call with the US leads, Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. The two sides had in-depth and constructive exchanges on implementing the important consensus reached by the Chinese and US heads of state at the Busan meeting and the November 24 call, focusing on carrying out pragmatic cooperation and properly addressing mutual concerns in the economic and trade field. Both sides positively evaluated the implementation of the outcomes of the China-US economic and trade consultations in Kuala Lumpur, stating that under the strategic guidance of the two heads of state, they will continue to make good use of the China-US economic and trade consultation mechanism, continuously extend the cooperation list, reduce the list of issues, and promote the sustained, stable, and positive development of China-US economic and trade relations.
Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

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Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

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August 5th Midday Update: Key Developments at a Glance

All Comments

Recommended for you

BTC breaks $90,000

The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.

The US spot Ethereum ETF saw a net outflow of $75.2 million yesterday.

Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

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