AiCoin Daily Report (August 10)

1. Federal Reserve Board of Governors member Bowman supports three rate drops this year, stating that the risks of rising inflation have decreased.

Regarding inflation, Fed Governor Bowman stated that core personal consumption expenditures inflation seems to be moving towards the 2% target that is much closer than the data indicates. He believes that ignoring temporarily high inflation is an appropriate approach. The upward risk of inflation has decreased, and there is more confidence that tariffs will not lead to persistent inflation. Bowman suggests that the sharp slowdown in job growth may be due to a significant weakening in labor demand. He mentioned that deregulation, tax cuts, and a business-friendly environment could offset the impact of tariff-related factors on economic activity and prices. Additionally, he supports three rate cuts this year.

2. The new law in El Salvador allows investment banks to provide cryptocurrency services to mature investors.

El Salvador has passed a new "Investment Banking Law" that allows private investment banks to provide services in legal tender, foreign currencies, and cryptocurrencies for "mature investors." Banks holding a Digital Asset Service Provider (PSAD) license can hold digital assets such as Bitcoin on their balance sheets and choose to operate entirely as Bitcoin banks. -Original text

3. After the passage of the GENIUS Act, the market value of stablecoins surged by $9.11 billion.

After the passage of the "GENIUS Act", the stablecoin market saw a market capitalization increase of $9.11 billion within 23 days. Among them, Ethena Labs' USDe grew by $4.19 billion, benefiting from the integration with Aave and Pendle; Tether's USDT increased by $3.71 billion, continuing to dominate; SkyEcosystem's USDS grew by $1.3 billion. New stablecoins like PayPal's PYUSD and Ripple's RLUSD also showed an increased interest from institutions in the field.

4. This week, the total amount of cryptocurrency financing reached $1.46 billion, with 18 projects receiving investment.

This week, the total financing in the cryptocurrency sector reached $1.46 billion, covering 18 projects, with a focus on blockchain, artificial intelligence, and payment infrastructure. Verb Technology led with $558 million, Satsuma Technology received $217.6 million, and Ripple acquired Rail for $200 million, further expanding payment channels. -Original text

5. BMNR holds 833,100 ETH, ranking first among institutions, with a 41.07% increase in the last 30 days.

According to data from strategicethreserve, BMNR ranks first in institutional holdings with 831,000 ETH (approximately $3.51 billion), increasing its holdings by 41.07% in the last 30 days. SBET holds 521,900 ETH (approximately $2.2 billion), with a 153.83% increase, ranking second. DYNX holds 345,400 ETH (approximately $1.46 billion), with an 8.01% increase, ranking third. The Ethereum Foundation holds 232,600 ETH (approximately $980 million), decreasing its holdings by 4.47%, ranking fourth. BTCS has the largest increase in holdings at 379.64%, holding 70,000 ETH (approximately $295 million). - Original text

6. Arthur Hayes repurchased $8.3 million in ETH after selling, possibly optimistic about a market rebound.

A rapid repurchase indicates that Hayes may see Ethereum rising again, which contradicts his previous predictions of a market downturn. -Original text

7. Morgan Stanley stated that weak employment data may trigger a drop in the US stock market.

Morgan Stanley equity strategist Michael Wilson: Weak employment data, combined with concerns about tariff-related inflation, may become... a catalyst for a pullback in U.S. stocks, especially in the third quarter when seasonal performance is weak. We will buy on the pullback.

8. Bitdeer Bitcoin holdings increased to 1718 coins, with a mining output of 74.8 coins this week.

Bitdeer announced the latest data, as of August 8, its Bitcoin holdings have increased to 1,718.1 BTC. This week, it mined 74.8 BTC and sold 32.6 BTC. -Original text

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