[Trump Administration Submits New Arguments Seeking Court Support to Dismiss Federal Reserve Governor Cook] Odaily Planet Daily News – The U.S. Department of Justice has presented new arguments regarding why President Trump should be allowed to dismiss Federal Reserve Governor Lisa Cook, stating that her claims about a "rate cut pretext" are baseless. Cook has been accused of involvement in mortgage fraud and is currently challenging the dismissal decision. On Thursday, government attorneys once again urged the judge to reject Cook's request to block her dismissal during the litigation, reinforcing arguments made during last week's hearing. Just hours before the legal filing, reports emerged that the Department of Justice had launched a criminal investigation into Cook. The U.S. government argues that the fraud allegations, initially raised by Federal Housing Finance Agency Director Mark Calabria, constitute sufficient "grounds" under U.S. law for Trump to dismiss her. In Thursday's filing, the Department of Justice emphasized that the judge must not "second-guess" Trump's judgment regarding the grounds for dismissal and reiterated its rejection of claims that the dismissal was merely a pretext to control the Federal Reserve and push for rate cuts. "Her only 'evidence' is that the President has criticized the Federal Reserve's policies," the filing stated, "but mere policy disagreements do not imply that the President dismissed Cook for that reason." (Jin10)

[UK Proposes Strengthened Anti-Money Laundering Regulations for Crypto Firms] The UK Treasury has released a draft amendment to anti-money laundering regulations, proposing stricter oversight of cryptocurrency firms. The new rules include expanding the scope of the 'fit and proper person' test for company controllers and lowering the threshold for notifying changes in control to 10%. The consultation period for the draft ends on September 30, with parliamentary review expected in early 2026.

1. The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 97.6% 2. The number of initial jobless claims in the United States has reached a three-month high, indicating a cooling of the labor market 3. SEC Chairman calls cryptocurrency regulation a key priority 4. Mega Matrix plans to raise $2 billion to support cryptocurrency investments 5. State Street Bank reveals $1.8 billion worth of Bitcoin exposure held 6. The US Senate will release the draft legislation on market structure as soon as possible today 7. Over $4.5 billion in cryptocurrency options expire, Bitcoin options are short 8. Fireblocks launches stablecoin payment network, attracting 40 institutions to participate The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/484158

[Federal Reserve's Goolsbee: No Decision Yet for September Meeting, Labor Market May Deteriorate] On September 5, Chicago Fed President Goolsbee stated that the labor market might deteriorate, and there is a potential risk of inflation rebounding. He emphasized that no decisions have been made for the September Federal Reserve meeting, which will be a real-time assessment meeting.

Bitget BCH/USDT perpetual trading volume surged 12 times in 10 minutes, with a turnover of 23.17 million US dollars in the past 24 hours, a decrease of 1.97% 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