ANZ Bank: New Zealand Federal Reserve may continue to cut interest rates

According to Ark Invest Daily, since Tom Lee became the chairman of BitMine on June 30th, the price of ETH has risen from approximately $2500 to $4300, a 71% increase. BitMine's strategic shift is focused on establishing the world's largest Ethereum treasury company, with plans to acquire 5% of the total ETH. At present, its holdings reach 1.15 million pieces, valued at approximately 4.96 billion US dollars.

Fosun Group has confirmed its application for a Hong Kong stablecoin license and has formed a complete application team. On August 6th, founder Guo Guangchang led a team to visit Hong Kong Chief Executive Li Jiachao and Financial Secretary Paul Chan. Fosun Wealth, a subsidiary of Fosun, has established its presence in the digital asset field, including participating in the distribution of tokenized products for monetary funds and developing a physical asset tokenization platform. According to the schedule of the Hong Kong Monetary Authority, applying institutions need to submit materials before September 30th. Fosun has no comment on this at the moment.

According to @ Cointelegraph, the Chairman of the US Securities and Exchange Commission (SEC), Atkins, stated that the closure of the SEC Ripple case has created an opportunity to "shift energy from the court to the policy-making table" and promote the establishment of a clear regulatory framework that protects investors while fostering innovation.

A higher-than-expected CPI could dampen Fed rate cut bets and weigh on risk assets, including bitcoin.

The Smarter Web Company, a UK listed company, has increased its holdings of 295 bitcoins, bringing its total holdings to 2395.