Tether increases holdings of 1800 BTC, gold holdings rise to $18.84 billion

On August 1st, BitMine Chairman Tom Lee stated that downstream AI related assets performed better than the market, with MAGS rising 2.2% and IGV rising 1.0%. Tom Lee believes that AI and related assets in the Korean market are forming a bottom, and downstream AI stocks are beginning to gain market attention.

Federal Reserve official Barkin stated that it is difficult to assert whether the current interest rates are high enough, and it is uncertain whether the three opponents' proposed rate hike will be supported.

According to Cointelegraph, the price of Bitcoin has fallen to a two-week low, with market attention focused on the $62000 support level. During the volatility of the South Korean stock market, the trading activity of the cryptocurrency market has increased, and the correlation between cryptocurrency liquidity, regional stock position adjustments, and market sentiment in the technology industry has strengthened. Traders warn of risks in the August trend.

Tether has released its second quarter audit report, revealing that it has increased its holdings of 1800 BTC worth $113 million. Currently, its total holdings of 98936 BTC worth $6.23 billion have increased, while the value of its gold holdings has risen to $18.84 billion. （Bitcoin Archive）

US President Trump has stated that Iran is facing difficulties and the situation is dire. Iran no longer possesses certain military capabilities, the number of Iranian missiles is much lower than 4-5 months ago, and Iran's missile production capacity has almost completely disappeared.