The US Treasury Department proposes to establish common sense and low-cost investment rules for the 'Trump account'.

The CeDeFi platform BounceBit has discovered issues with the BounceBit chain and has temporarily suspended nodes and deployed repair programs. BB transactions are temporarily unavailable, and CeDeFi applications, smart contracts, and vaults are not affected. There is no risk of key leakage or user wallet theft. BounceBit plans to undergo a chain upgrade on August 23rd at 17:00 (UTC+8), and the exchange's recharge and withdrawal functions will be temporarily suspended until the system goes live.

Federal Reserve Daley stated that he does not believe artificial intelligence investment will drive overall inflation up. The Fed is in a good position to observe data, and two weaker data points have not made the inflation situation clearer. The Fed has deviated significantly from achieving its inflation target.

Rapid7, a cybersecurity company, has revealed an encrypted phishing operation called Operation Asterix, which involved 885000 phone numbers and 5576 Binance accounts. Attackers impersonate Ledger, Trezor, and Exodus to steal mnemonic words and use AI tools for fraud. Out of 316000 mobile phone numbers in Germany, 43066 match encrypted trading accounts. Hacken data shows that phishing attacks and social engineering scams caused $306 million in losses in the first quarter of this year, accounting for the majority of the total $482 million loss in the cryptocurrency industry.

Daley of the Federal Reserve said that it is too early to discuss the issuance mode of US treasury bond bonds, and the Federal Reserve will find ways to achieve its policy objectives.