Japanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn't address slowing USDC growth or rising competition.
Spot gold fell below the $4000/ounce mark for the first time since July 1st, with a intraday drop of over 2.8%. US President Trump announced the reopening of the blockade on Iran, and Federal Reserve Reserve's Waller stated that interest rates need to be raised in the short term.
Federal Reserve Governor Waller stated that tariffs, energy prices, and demand for artificial intelligence construction are currently driving up inflation.
Federal Reserve Governor Waller stated that he is committed to restoring the inflation rate to the target of 2%, while avoiding excessive tightening of policies to prevent risks from triggering a recession.
Glassnode analysis points out that although long-term holders have reached a peak in selling, the process of Bitcoin bottoming out is still ongoing and there are still downside risks. （Cointelegraph）
