Huang Renxun meets with US Secretary of Commerce to discuss producing $500 billion worth of technology products in the US within four years

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Japanese game company gumi announced that it would launch SBI Crypto Fund I jointly established by its subsidiary gC Labs and SBI Financial Services on August 1. The fund size is about 3 billion yen (about 18.32 million dollars), which is funded by many investors including Daiwa Securities Group. The investment strategy focuses on Bitcoin (BTC) and major counterfeit currencies, and combines pledge, rebalancing and hedging strategies to reduce the risk of price fluctuations.

According to CNBC, the attorneys general of 44 states in the United States wrote to the CFTC on Monday, stating that the agency has no authority to regulate sports related event contracts on prediction market platforms. The alliance led by Ohio Attorney General Andy Wilson stated that the proposed rules exceed the CFTC's statutory powers and conflict with the Constitution, and should make it clear that sports betting is governed by state law. The attorneys general of Florida, Georgia, New Hampshire, Missouri, and Texas did not sign the letter.

According to Golden Ten Data, Paul Christopher, Global Investment Strategy Director at the Investment Research Institute of Wells Fargo, stated that it is expected that the Federal Reserve interest rate will remain unchanged. Luis Alvarado, co head of global fixed income strategy at the research institute, pointed out that Federal Reserve Chairman Kevin Walsh has made it clear that bringing inflation back to 2% remains the Fed's top priority. Luis Alvarado stated that the biggest change that Federal Reserve Chairman Kevin Walsh may bring is in communication style, where investors should expect increased policy flexibility and greater market volatility between meetings.

According to BIT market data, Apple's stock price hit a historic high of $342.89 during trading on Tuesday, and its market value briefly exceeded $5 trillion, becoming the second publicly traded company in history to reach this milestone in market value. As of the close, Apple reported $340.08, with a market value slightly below $5 trillion, ranking first in the world in terms of market value. Since the beginning of this year, Apple's stock price has risen by about 25%. Apple has recently been approved to collaborate with Alibaba and Baidu to launch the Apple Intelligence feature in China, and to launch the Upgrade hardware rental program. Market attention is focused on Apple's quarterly financial report to be released this week, which will be Cook's final earnings conference call as CEO.