1. Probability of Fed Rate Cut in September Reaches 88.7%
According to CME "FedWatch" data, the probability of the Federal Reserve cutting rates by 25 basis points in September is 88.7%, while the probability of keeping rates unchanged is 11.3%. For October, the probability of keeping rates unchanged is 5.5%, with cumulative probabilities of a 25 basis point and 50 basis point rate cut at 49% and 45.5%, respectively. -Original
2. US Treasury Secretary Supports Investigation into Fed Governor Cook's Fraud Allegations
On August 27, US Treasury Secretary Bessent called on Federal Reserve Chairman Powell to conduct an internal review of the Fed, focusing on allegations of mortgage fraud involving Governor Cook. In an interview, Bessent stated that if Fed officials are involved in fraud, they should not continue to hold financial regulatory positions, emphasizing that such incidents undermine public trust in the Fed. -Original
3. Circle Partners with Finastra to Advance USDC Cross-Border Payments
Financial software company Finastra has partnered with stablecoin issuer Circle to support banks in integrating USDC for cross-border payments. This move will provide banks with flexible settlement solutions without relying on the traditional correspondent banking system. -Original
4. Japan's Metaplanet Plans to Raise $881 Million to Increase Bitcoin Holdings
According to an official announcement, Japanese listed company Metaplanet plans to raise funds through an international new share issuance, with expected net proceeds of approximately 130.334 billion yen (about $881 million). Of the funds raised, about 123.818 billion yen ($837 million) will be used to purchase bitcoin, and 6.516 billion yen ($44 million) will be used for bitcoin financial operations. -Original
5. Hacker Returns 550 Million pDAI to BetterBank, Some Assets Still Unrecovered
According to CertiK Alert monitoring, after the BetterBank protocol was attacked, the hacker converted some assets into 309 ETH (about $1.4 million) and returned 550 million pDAI (about $2.7 million) out of 700 million pDAI. -Original
6. US CFTC Adopts Nasdaq Technology to Enhance Crypto Regulation
The US Commodity Futures Trading Commission (CFTC) is adopting Nasdaq's surveillance system to play a greater role in regulating digital assets and protecting markets from fraud, abuse, and manipulation. Reportedly, the Nasdaq surveillance system will equip the agency with automated alerts and "cross-market analysis" capabilities. -Original
7. QCP Capital Warns Nvidia Earnings May Increase Crypto Market Volatility
QCP Capital stated that the market is closely watching Nvidia's post-market earnings report today to assess the resilience of revenue growth in the AI sector. If US stocks decline due to the earnings report, the crypto market may be affected by shaken confidence among traditional financial allocators, increasing risk further. In addition, the Fed's policy stance and labor market data will also be key factors influencing future market trends. -Original
8. Monero Attacker Threatens to Target DOGE Next
On August 27, Qubic, the orchestrator of the 51% attack on Monero, announced that a community vote had decided to target Dogecoin (DOGE), which has a market cap of over $35 billion, as the next attack target. Previously, Qubic completed a 51% attack on Monero through economic incentive games, briefly controlling 52.72% of the network's hash power, resulting in block reorganizations and orphan blocks. -Original
