[U.S. Crypto Stocks Mostly Decline, BLSH, BNC, ALTS Drop Over 10%, Trump Family Mining Company ABTC Closes Up 16.52% on First Trading Day] BlockBeats News, September 4 — According to market data, U.S. stocks closed on Wednesday with the Dow slightly down, the S&P 500 index down 0.5%, and the Nasdaq up 1%. Cryptocurrency-related stocks mostly declined, with some individual stocks rising against the trend, including: Coinbase (COIN) down 0.41%, trading volume $1.589 billion Circle (CRCL) up 1.40%, trading volume $1.126 billion Strategy (MSTR) down 3.33%, trading volume $3.076 billion Bullish (BLSH) down 12.53%, trading volume $363 million Bitmine (BMNR) up 5.58%, trading volume $1.820 billion BTCS (BTCS) up 6.62%, trading volume $10.029 million SharpLink Gaming (SBET) down 0.94%, trading volume $509 million BNB Network Company (BNC) down 10.97%, trading volume $6.6606 million ALT5 Sigma (ALTS) down 19.53%, trading volume $124 million Trump Family Mining Company American Bitcoin (ABTC) closed up 16.52% on its first trading day, trading volume $291 million

[South Korea Financial Services Commission Transfers Suspects of Cryptocurrency Price Manipulation to Prosecutors] The South Korea Financial Services Commission has announced the transfer of individuals suspected of manipulating the virtual asset market and engaging in unfair trading practices to prosecutors, along with imposing fines on certain suspects. A "large whale" investor was accused of using hundreds of billions of won to drive up cryptocurrency prices before selling off for illegal profits. Another case involved profiting by spreading false positive information via social media. Additionally, authorities have issued their first fine under the Virtual Asset User Protection Act for intelligent unfair trading practices.

[CITIC Securities Predicts Year-End Gold Price May Exceed $3,730] CITIC Securities' research report points out that due to factors such as tariffs, U.S. fiscal policies, geopolitical tensions, and central bank gold purchases, gold prices have been fluctuating recently but may see an upward trend in the future. The report predicts that the Federal Reserve may cut interest rates earlier than expected, geopolitical risks are unlikely to ease in the short term, and the global trend of central bank gold purchases remains stable. Under a neutral assumption, the year-end gold price is expected to surpass $3,730 per ounce.

[BitMEX Spent Significant Lobbying Funds in the U.S. Before Receiving Pardon] According to a report by Golden Finance, in March of this year, BitMEX founders Arthur Hayes, Samuel Reed, and Ben Delo, along with BitMEX as a corporate entity for the first time in history, received a pardon from U.S. President Donald Trump. Few can deny that during Trump's administration, involvement in cryptocurrency seemed to benefit offenders—Howard Lutnick referred to Trump as the 'crypto president,' and some individuals engaged in 'pump-and-dump' schemes and fraud were even invited to dine at the White House. However, for BitMEX and its founders, perhaps more significant was the money they spent on lobbying over two consecutive years. According to OpenSecrets data, HDR Global Trading (BitMEX's corporate name) paid nearly $800,000 to lobbying and consulting firm Edelman between 2019 and 2021. Documents show that from August 2019 to March 2021, Edelman received over $50,000 per month in compensation, with its consulting work covering areas ranging from proper implementation of 'Know Your Customer' (KYC) measures to routine crisis management.

1. Federal Reserve Kashkari: Economy may cool moderately, with room for interest rate cuts 2. Grayscale launches Ethereum backed call options ETF 3. US job vacancies fall to 10 month low in July, labor market sluggish 4. Trump warns court ruling could severely damage US economy 5. SUI Group increases its holdings by 20 million SUIs, with a total position of over 100 million SUIs 6. Pakistan's central bank withdraws warning on cryptocurrency trading 7. European Central Bank President Lagarde calls for strengthened regulation of stablecoins 8. OKX launches OKBUSDT perpetual contract, supporting up to 20 times leverage The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/483857