Businesses Are Absorbing Bitcoin at 4x the Rate It Is Mined, According to River’s Research

[Federal Reserve Board May See Trump-Leaning or Tie Scenario] The Federal Reserve Board has a full capacity of seven members, currently including Powell, two Biden-appointed governors Jefferson and Barr, and two Trump-appointed governors Waller and Bowman. If Trump nominee Stephen Miller is swiftly approved, he could join in time for the September meeting, increasing Trump supporters to three. If the courts rule that Trump can dismiss Cook and quickly appoint a successor, Trump supporters could reach four, gaining the majority. Cook's absence could potentially result in a tie within the board.

[Japanese Nail Salon Operator Convano Plans to Raise $3 Billion to Support Its Bitcoin Treasury Reserves] According to a report by Jinse Finance, Convano, a Japanese nail salon operator listed on the Tokyo Stock Exchange, has announced plans to raise approximately 434 billion yen (about $3 billion) to support its Bitcoin treasury reserves. The company aims to purchase 21,000 Bitcoins, equivalent to 0.1% of Bitcoin's total supply, positioning itself as one of the largest corporate holders of Bitcoin globally. It is reported that Convano plans to acquire Bitcoin in three phases: holding 2,000 Bitcoins by the end of 2025, reaching 10,000 Bitcoins by August 2026, and achieving 21,000 Bitcoins by March 2027.

Bitget ALGO/USDT's perpetual trading volume surged 295 times within 10 minutes, with a turnover of 3.68 million US dollars in the past 24 hours, an increase of 2.91% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

The current price of ETH is $4453.45, with a 2.52% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 14.04 million US dollars, with the main liquidation being short orders and ETH liquidation being 5.72 million US dollars (40.80%). The data is for reference only.

[Dutch and U.S. Authorities Seize Online Fake ID Marketplace VerifTools, Which Facilitated Forged Document Transactions via Cryptocurrency] BlockBeats News, August 31, according to Decrypt, Dutch and U.S. law enforcement agencies have seized the online fake ID marketplace VerifTools. The platform sold forged documents for as low as $9 through cryptocurrency transactions, generating $6.4 million in revenue, making it one of the largest suppliers of fraudulent identity documents internationally. VerifTools required users to upload passport photos and input false data, which the site operators used to generate fake IDs. These documents were created using advanced technologies such as holograms and UV ink, making them nearly indistinguishable from genuine IDs. Payments for the forged IDs were made using cryptocurrency. The operation resulted in the seizure of 23 servers, two domains used by the VerifTools marketplace, and a promotional blog.