David Kelly, Chief Global Strategist at JPMorgan, stated that the Federal Reserve may take preemptive interest rate cuts, which could exacerbate inflation. He suggested that investors diversify their investments into alternative assets such as gold. JPMorgan expects gold prices to reach $4000 per ounce by 2026. In addition, economic data such as July CPI will be released on Tuesday, which is crucial for whether the Federal Reserve will cut interest rates in September.
According to Whale Alert monitoring, 339175331 USDC were transferred from Binance wallet to an unknown new wallet, and the specific reason has not been disclosed yet.
Ouyi announced that the following perpetual contracts will be discontinued on August 15, 2025 at 4:00 pm (Hong Kong time): XLMUSD, ATOMUSD, OPUSD, TRXUSD. At that time, trading will be suspended, pending orders will be cancelled, and user positions will be delivered based on the arithmetic mean of the index one hour before going offline. Users need to do risk control in advance to avoid losses caused by market fluctuations.
On August 12th, Musk issued a statement questioning the ranking mechanism of Apple's App Store, stating that it refused to include X and Grok in the "must-have apps" category, despite their high rankings. He accused Apple of restricting competition from other AI companies, suspected of anti-monopoly violations, and stated that xAI will take legal action.
Bakkt released its Q2 financial report, showing a total revenue of $577.9 million, a year-on-year increase of 13.3%; Operating expenses amounted to 596.4 million US dollars, a year-on-year increase of 12.1%. The company raised $75 million to strengthen its balance sheet and advance its Bitcoin reserve strategy, while launching plans related to the Japanese market.
