[Federal Reserve Finalizes New Capital Requirements for Major Banks, Morgan Stanley Requests Review] The Federal Reserve announced that it has finalized new capital requirements for major U.S. banks, set to take effect on October 1. Morgan Stanley has requested a reassessment of its capital levels, and the Federal Reserve will decide by the end of September whether to make adjustments. Additionally, the Federal Reserve is reviewing a proposal that may average the results of future stress tests over two years.
According to the weekly report on cryptocurrency holdings released by CME, BTC holdings amounted to 27481, a decrease of 5.14% compared to the previous period; ETH holds 43853 positions, an increase of 17.31% compared to the previous period.
[Trump Cabinet Warns Court: Ruling Tariffs Illegal Could Trigger Diplomatic Crisis] According to a report by Golden Finance, citing foreign media, Trump administration officials told the Federal Circuit Court of Appeals on Friday that ruling Trump's global tariffs illegal would severely damage U.S. foreign policy. Treasury Secretary Besent warned that this would bring about a "dangerous diplomatic embarrassment." The White House submitted statements from Besent, Commerce Secretary Lutnik, and Secretary of State Rubio to the Federal Circuit Court of Appeals in Washington. The court is expected to soon rule on whether Trump exceeded his authority under the 1977 Emergency Powers Act in imposing tariffs. During oral arguments on July 31, judges expressed skepticism about the government's claim of broad tariff powers, suggesting they might side with a coalition of small businesses and Democratic-led states challenging the tariffs. Several cabinet members stated that invalidating the tariffs would overturn the results of months-long negotiations with the EU, Japan, South Korea, and other countries. "Suspending the tariffs' effectiveness would expose the U.S. to the risk of retaliation from other countries, as they might perceive the U.S. as lacking the ability to respond swiftly to countermeasures," Besent said.
OKX-BTC/USDT is currently trading at $108024.10, with a 5-minute drop of 0.07%. Please be aware of market fluctuations.
The current price of ETH is $4316.44, with a drop of 4.16% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 10.82 million US dollars, with multiple orders being the main liquidation and ETH liquidation of 1.34 million US dollars (12.40%). The data is for reference only.