Barkin: unsure whether to support the proposed interest rate hike

The European Central Bank has stated that its planned digital euro application will exceed the EU's accessibility standards before being piloted in 2027. （Cointelegraph）

According to Arkham data, the Fidelity associated wallet transferred 260000 ETH to three wallets funded by Fidelity, with a total value of $499.55 million. The funds were split into 95000 ETH ($182.53 million), 87000 ETH ($167.23 million), and 78000 ETH ($149.79 million). （Onchain Lens）

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.