BMO： Powell's testimony is highly anticipated, and the overall direction of US interest rates may quickly shift

Bitget KAS/USDT's perpetual trading volume surged 6 times within 10 minutes, with a turnover of 9.27 million US dollars in the past 24 hours, a decrease of 5.55% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Decrypt: Public Companies Increase Ethereum Holdings to Billions of Dollars] Public companies are significantly increasing their Ethereum holdings, with the total value of their positions reaching billions of dollars. According to the latest data, these enterprises have become one of the largest institutional holders of Ethereum, demonstrating long-term confidence in the asset. The community has responded positively to this, though some are concerned about the potential market risks posed by concentrated holdings. (Decrypt)

[Federal Reserve Beige Book: Overall Economic Activity Shows Little Change] The Federal Reserve Beige Book indicates that recent economic activity has shown little change, with slight growth or slowdown in some regions. Consumer spending has slightly declined, and middle- to low-income households are seeking discount promotions. The manufacturing sector faces challenges from tariffs and weakened demand, while activities in agriculture and energy have generally decreased. Future economic outlook varies by region and industry, with rising uncertainty potentially weighing on economic growth.

[Decrypt: U.S. May Include $1.4 Billion in Bitcoin in Reserves] The U.S. government currently holds approximately $1.4 billion in Bitcoin, sparking discussions on whether it should be included in national reserves. Previously, these Bitcoins were confiscated through law enforcement actions involving multiple cases. Policy and legal issues remain unresolved, and the community continues to monitor its potential impact. (Decrypt)

[Square Merchants Accept Bitcoin Payments for the First Time in the U.S.] Square merchants have started supporting Bitcoin payments in the United States, marking the platform's first activation of cryptocurrency payment functionality in the region. (Bitcoin Archive)