ETH falls below the $4600 mark

After breaking through a historical high, ETH surged back to 4600, and the market volatility was like a meat grinder. Countless high leverage accounts filled with extravagant bets returned to pre liberation overnight. The truth is cruel: most people are not looking in the wrong direction, but their positions are not calculated correctly! 💥 AiCoin's' Quantitative Loss' function is your risk control weapon: before opening a position, set the maximum loss amount, and the system automatically calculates the opening quantity accurately in reverse. One sentence: Lock in the risk first, then reap the benefits! 👉 Practical example: If you go long at the current ETH price of 4600 and set a maximum tolerance loss of 1000U, the system will automatically calculate and limit your position. Regardless of any fluctuations, your maximum loss will be strictly controlled within 1000U. Say goodbye to blind charging and embrace computation. Experience AiCoin now with a loss based strategy, making every opening a wise battle to determine the profit and loss ratio!

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[UBS Warns of Increased U.S. Treasury Risk Premium Due to Fed Politicization] Paul Donovan, Chief Economist at UBS Global Wealth Management, stated that the increasing politicization of the Federal Reserve could lead to higher risk premiums in the U.S. bond market due to inflation uncertainty. This trend would drive up real borrowing costs, increase the U.S. government's debt repayment pressure, thereby reducing fiscal stimulus capacity and dampening corporate investment. Furthermore, this situation could weaken the U.S. dollar's status as a reserve currency, though it would not completely undermine its dominance. Last Friday, Federal Reserve Chair Jerome Powell left room for a rate cut in September during the Jackson Hole meeting but did not outline a clear mid-term policy framework or strongly defend the Fed's independence. Meanwhile, U.S. President Donald Trump has recently continued to pressure the Federal Reserve to take action on rate cuts.

The US stock market opened lower, with the Dow Jones Industrial Average falling 84 points, the Nasdaq falling 32 points, and the S&P 500 index falling 0.15%.

[Fraud Service Vanilla Drainer Steals Over $5 Million in Crypto Assets Within Three Weeks] Blockchain investigation firm Darkbit disclosed that the fraud service Vanilla Drainer has stolen at least $5.27 million in cryptocurrency in just three weeks. The service assists fraudsters in stealing funds by providing phishing software and takes a 15%-20% commission from the proceeds. Vanilla Drainer has been active since October 2024, with advertisements claiming it can bypass the security detection platform Blockaid. On August 5, the platform carried out its largest single theft, causing victims to lose $3.09 million in stablecoins, while the fraud operators profited $463,000. The stolen funds are typically converted into ETH or non-freezable DAI and eventually flow into a fee wallet currently holding tokens valued at $2.23 million. To evade tracking, Vanilla Drainer frequently changes domain names and generates new contracts for each malicious website.