Federal Reserve Governor Cook: Unemployment rate remains a good indicator of economic weakness

According to Ryan Rasmussen, research director at Bitwise, if cryptocurrency assets account for 1% to 10% of the total assets in a 401 (k) retirement account, the corresponding potential inflow of funds will reach $80 billion to $800 billion. According to Bitwise data, as of the second quarter of 2024, the total assets of 401 (k) plans in the United States are close to $8 trillion.

In addition to the fine, Paxos agreed to invest another $22 million into beefing up its compliance program.

Binance Futures announced that it will launch two perpetual contracts on August 7, 2025: YALAUSDT (at 0:30 am Beijing time on August 7) and CARVUSDT (at 0:45 am Beijing time on August 7), both of which support up to 50 times leverage. Users can use assets such as BTC as margin for trading in multi asset mode.

On August 7th, Federal Reserve official Bostic stated that he still expects a possible interest rate cut this year.

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