OKB falls below the $110 mark

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.

[Bank of America: the Federal Reserve may purchase $2 trillion of short-term treasury bond bonds within two years] Bank of America analysis said that the Federal Reserve may adjust its asset portfolio and purchase nearly $2 trillion of short-term treasury bond bonds in the next two years, almost covering the amount of bonds issued by the US Treasury Department in the same period. Bank of America strategists say that this move can optimize the Federal Reserve's asset liability structure, reduce interest rate and negative equity risks, and shorten the duration of liabilities. This demand matches a large number of short-term treasury bond issued by the Ministry of Finance due to the increase of the debt ceiling recently, injecting new demand into the market.

ETH is currently trading at $4281.11, with a 4.46% drop in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.91 million US dollars, with multiple orders being the main liquidation and 4.69 million US dollars (43.01%) of ETH liquidation. The data is for reference only.