[SwissBorg CEO Attributes $41 Million Loss to Staking Partner Kiln] SwissBorg CEO Cyrus Fazel denied that his company lost $41 million due to a hack and instead blamed an external DeFi wallet managed by its SOL staking partner, Kiln. Blockchain security expert Chaofan Shou pointed out that an unstaking transaction from a week ago might have granted hackers access to withdraw funds, drawing comparisons to the 2025 ByBit hacking incident. Kiln has suspended certain services, including the Kiln Dashboard, Widget, and API, and stated that it is working with multiple parties to conduct a thorough investigation of the incident. Meanwhile, crypto wallet company Trust Wallet announced that its Earn feature is temporarily unavailable due to issues with Kiln's API but emphasized that user funds remain secure.

[Coinbase Launches Avantis (AVNT) Spot Trading] Coinbase has launched Avantis (AVNT) spot trading on its website and app, labeling it as an 'Experimental' asset.

1. CME data shows a 93% probability of the Federal Reserve cutting interest rates by 25 basis points in September 2. The non farm payroll data in the United States has significantly decreased, with a decrease of 911000 new jobs added 3. JPMorgan CEO says Fed may cut interest rates 4. Democratic lawmakers propose seven regulatory frameworks for the cryptocurrency market 5. Grayscale applies for approval for Bitcoin Cash and Hedera ETF 6. The Bank of Japan may keep interest rates unchanged on September 19th 7. Yunfeng Financial has been approved by the Hong Kong Securities and Futures Commission to provide virtual asset trading services 8. The US Department of Justice plans to confiscate over $5 million worth of Bitcoin in connection with SIM card attacks The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/485294

[Milan May Struggle to Attend Next Week's Federal Reserve Meeting, Confirmation Timing Uncertain] The nomination of Milan by Trump to serve as a Federal Reserve governor is expected to pass a key vote in the Senate Banking Committee this Wednesday. However, senators have indicated that Milan may not be able to participate in next week’s Federal Reserve meeting in time. Republican Senator Lummis pointed out that although the GOP is considering revising the nomination process, logistical arrangements remain a significant challenge. The Banking Committee is expected to advance the nomination to the full Senate with a 13-11 vote, with Democrats anticipated to unanimously oppose it. Currently, the exact timing of the full Senate vote has not been determined. A Senate Republican aide revealed that Milan’s nomination could be confirmed as early as next Monday.

The current price of BTC is $111458.43, with a decrease of 0.72% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 230 million US dollars, with multiple main liquidation orders and a BTC liquidation of 34.01 million US dollars (14.75%). The data is for reference only.