BTC breaks through the $116000 mark

Swedish listed company BTC AB plans to raise $21.9 million to purchase Bitcoin On August 18th, Swedish listed company BTC AB plans to raise up to 209 million Swedish kronor (approximately 21.9 million US dollars), which will be used to purchase more Bitcoin. At present, the stock warrants previously issued by the company are now exercisable.

Capital B raises $2.2 million to purchase Bitcoin French listed company Capital B has raised $2.2 million in funding, subscribed by Adam Back, and the funds will be used to purchase more Bitcoin.

Korean National Pension Doubles Investment in Cryptocurrency Related Stocks The South Korean National Pension Corporation increased its holdings of cryptocurrency related stocks by 182% in the first half of this year, totaling $556.7 million. Among them, the position in "Strategy" increased by 226%, and investments were made in companies such as Coinbase, Block, and Robinhood.

The AI-focused blockchain project Qubic announced the community's intention to target Dogecoin on X.

Powell may make cautious statements at Jackson Hole On August 18th, economists from ANZ Bank stated that Federal Reserve Chairman Powell may be more cautious at the Jackson Hole seminar and will not explicitly commit to a loose policy timetable. The stronger than expected inflation data has made some Federal Reserve officials more conservative about future policies. The bank expects the Federal Reserve to cut interest rates at its September meeting.