**[Former Treasury Secretary Summers Warns: Trump's "Political Witch Hunt" Against Cook May Undermine Market Foundations]** BlockBeats reported on August 26 that former U.S. Treasury Secretary Larry Summers stated bluntly that the political pressure and personal attacks on Federal Reserve Governor Lisa Cook are "unprecedented," and anyone concerned about the independence of U.S. institutions should be alarmed. Summers warned that such pressure could have a gradual corrosive effect on the market framework and might even trigger what he referred to as the risk of U.S. "Argentinization." Note: "Argentinization" refers to economic turmoil caused by populist policies and political interference, characterized by high inflation, currency devaluation, and institutional failure, similar to Argentina's economic crises from the 1950s to the 1980s. Summers has been a sharp critic of the Trump administration's policies. He previously criticized the recently passed "Big and Beautiful Act," pointing out that the act could foster another financial crisis by increasing debt obligations. He also condemned current Treasury Secretary Besant for openly interfering with interest rate policies, though he expressed appreciation for Powell's response. (Jin10)

[Comet Browser Exposed to Data Leakage Vulnerability] Brave Software disclosed that Perplexity AI's Comet Browser has a security vulnerability, allowing attackers to embed hidden commands to trick the AI assistant into leaking user data. Although Perplexity claims the vulnerability has been fixed and no data leakage occurred, Brave stated that the vulnerability can still be exploited and warned of further attack risks in its design architecture.

OKX-BTC/USDT is currently trading at $108946.20, with a 5-minute drop of 0.23%. Please be aware of the market fluctuations.

[U.S. SEC and Kraken Discuss Tokenization of Traditional Assets and Regulatory Framework] The U.S. Securities and Exchange Commission (SEC) Cryptocurrency Special Task Force recently held talks with cryptocurrency exchange platform Kraken, focusing on the tokenization of traditional assets. Topics included a proposal for a tokenized trading system and the regulatory framework required for its operation. This meeting is one of several roundtable discussions held nationwide by the SEC Cryptocurrency Special Task Force, aimed at promoting compliance and innovation in the digital asset sector.

1. Federal Reserve's Logan expects banks to use repurchase tools in September to ease liquidity pressure 2. UBS warns that politicizing the Federal Reserve may exacerbate the risk premium of US bonds 3. Trump said that the United States will help Europe solve the Russia-Ukraine conflict in the form of "backup" 4. The United Arab Emirates is marked as the fourth largest Bitcoin holding government, with a holding value of $740 million 5. Arrival AI announces that it will consider Bitcoin as a cash reserve 6. ETHZilla approves $250 million stock repurchase plan, holding over 100000 ETH 7. Bank of America lobbies to block stablecoin interest payments 8. Scam service Vanilla Drainer steals over $5 million in cryptocurrency assets within three weeks The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/481575