Saudi Arabia seeks $8 billion loan to cope with war financial pressure

Ness. hl, co-founder and CEO of HyperLend, stated that HyperLend will not exit the market and will support collateral types such as stocks and commodities in the future. Ness. hl stated that HyperLend and Hyperliquid are independent products, and HyperLend's credit business is more efficient, generating over $2 billion in loans since its launch. The team's next focus will be on the institutional business line Aviya, which provides fixed rate on chain credit based on the same code repository as HyperLend and will expand to include collateral types such as high-yield bonds and securities.

A wallet associated with Cumberland withdrew 15400 ETH worth approximately $37.66 million from Binance. （Lookonchain）

The Bank of Russia recently included ETH and USDT in a draft list of cryptocurrencies approved for public trading on Russian exchanges.

The probability of the Federal Reserve raising interest rates by 25 basis points in September has risen to 52% on Polymarket, with a weekly increase of 20%. The market is focused on the US non farm payroll report for August, which will be released on September 4th (UTC+8). Federal Reserve Chairman Kevin Walsh stated at the Jackson Hole Global Central Bank Annual Meeting that if the Fed cannot be confident that underlying inflation is "clearly and rapidly" falling towards the 2% target, then interest rate hikes are still under consideration.

According to Bitcoin.com News, the social cryptocurrency trading app Fomo once rose to third place in the ranking of financial apps in the United States, surpassing Cash App and Kalshi. Fomo was founded by Paul Erlanger and Se Yong Park, and has disclosed approximately $94 million in equity financing. This application supports Solana, Base, BNB Chain, Monad, and Robinhood Chain, with a cumulative installation of over 1 million on Google Play, over 600000 users, and a transaction volume of over 4 billion US dollars.