Larry Fink stated that if every millionaire in the United States were to request a financial advisor to purchase one Bitcoin for themselves, the quantity of Bitcoin would not be sufficient to meet the demand. （Bitcoin Archive）

[Federal Reserve's Goolsbee: I am one of the most optimistic people in the dot plot] Federal Reserve's Goolsbee stated that he is one of the most optimistic people in the dot plot.

[Federal Reserve's Schmidt Opposes Rate Cut: Inflation Too High, Restrictive Policy Should Be Maintained] Kansas City Federal Reserve President Schmidt opposed the Fed's decision to cut interest rates by 25 basis points this week, citing that inflation remains too high and monetary policy should continue to maintain a moderately restrictive stance. Schmidt pointed out that the economy still has momentum and inflation is too hot, indicating that the current policy is not overly tight. Schmidt believes that since opposing a rate cut in October, the situation has not changed significantly—inflation is still above the 2% target, the labor market is generally balanced, and there is no urgent reason to cut rates.

[Approximately $1.5 Million in Fraud-Related Cryptocurrency Seized in Florida, Linked to Chinese National] Florida prosecutors announced the seizure of approximately $1.5 million in fraud-related cryptocurrency, linked to a Chinese national named Tu Weizhi. In July 2024, a Citrus County resident reported losing $47,000 in an investment scam. Investigators traced the funds and found that the implicated wallet contained various cryptocurrencies, including AVAX, DOGE, PEPE, and SOL. Florida Attorney General James Uthmeier stated that authorities utilized the fugitive disentitlement framework to seize the assets. The suspect is currently in China and will be arrested if they attempt to enter the United States.

[USDC Treasury Burns Approximately 78.9 Million USDC on Ethereum] USDC Treasury burned 78,904,497 USDC on the Ethereum network, valued at approximately $78.9 million.