Today in History | August 7th

According to a report by Golden Finance, regarding inflation, Federal Reserve Governor Bauman stated that core personal consumption expenditure inflation seems to be moving closer to the 2% target than the data shows. He believes that ignoring temporarily high inflation is an appropriate approach. The risk of upward inflation has been reduced, and there is more confidence that tariffs will not lead to sustained inflation. Bauman believes that the sharp slowdown in employment growth may be due to a significant weakness in labor demand. Bauman stated that relaxing regulations, reducing taxes, and creating an environment conducive to business development may offset the impact of tariff related factors on economic activity and prices. In addition, he supports three interest rate cuts this year. (Zhitong Finance)

The quick buyback suggests Hayes may see renewed upside in ether, contradicting his earlier prediction of a market downturn.

Bitget DOT/USDT's perpetual trading volume surged 107 times within 10 minutes, with a turnover of 14.35 million US dollars in the past 24 hours, an increase of 4.63% 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 main large order is displayed on the K line in the form of a horizontal line, the thicker the line means the larger the pending order amount, and the longer the line represents the longer the pending order time

Bitdeer has released the latest data, and as of August 8th, its Bitcoin holdings have increased to 1718.1. This week, 74.8 BTC were mined and 32.6 BTC were sold.