AiCoin Daily Report (August 28)

1. The probability of the Fed lowering interest rates in September is 88.7%.

According to CME's "Fed Watch" data, the probability of the Fed lowering interest rates by 25 basis points in September is 88.7%, while the probability of keeping rates unchanged is 11.3%. The probability of keeping rates unchanged in October is 5.5%, with cumulative probabilities for a 25 basis point and 50 basis point cut at 49% and 45.5%, respectively. - Original text

2. The U.S. Treasury Secretary supports the investigation into the fraud allegations against Fed Governor Cook.

On August 27, U.S. Treasury Secretary Basant called for Fed Chairman Powell to conduct an internal review of the Fed, focusing on the allegations of mortgage fraud involving Governor Cook. Basant stated in an interview that if Fed officials are involved in fraud, they should not continue to hold financial regulatory positions, emphasizing that such incidents damage public trust in the Fed. -Original text

3. Circle collaborates with Finastra to promote USDC cross-border payments.

The financial software company Finastra has partnered with the stablecoin issuer Circle to support banks in accessing USDC for cross-border payments. This move will provide banks with a flexible settlement solution that does not rely on traditional correspondent banking systems. -Original

4. Japan's Metaplanet plans to raise $881 million to increase its Bitcoin holdings.

According to an official announcement, the Japanese listed company Metaplanet plans to raise funds through an international issuance of new shares, with an expected net fundraising of approximately 130.334 billion yen (around 881 million USD). Of this fundraising, about 123.818 billion yen (837 million USD) will be used to purchase Bitcoin, and 6.516 billion yen (44 million USD) will be used for Bitcoin financial operations. -Original text

5. Hackers return 550 million pDAI to BetterBank, but some assets have yet to be recovered.

According to CertiK Alert monitoring, after the BetterBank protocol was attacked, hackers exchanged part of the assets for 309 ETH (approximately $1.4 million) and returned 550 million pDAI (approximately $2.7 million) out of 700 million pDAI.

6. The US CFTC adopts Nasdaq technology to strengthen cryptocurrency regulation.

The U.S. Commodity Futures Trading Commission (CFTC) is adopting Nasdaq's monitoring system to play a greater role in regulating digital assets, protecting the market from fraud, abuse, and manipulation. It is reported that the Nasdaq monitoring system will equip the agency with automated alerts and "cross-market analysis" capabilities. -Original text

7. QCP Capital warns that NVIDIA's earnings report may increase volatility in the crypto market.

QCP Capital stated that the market is focused on Nvidia's after-hours earnings report today, assessing the resilience of revenue growth in the AI sector. If U.S. stocks decline due to the earnings report, the crypto market may be affected by shaken confidence from traditional financial allocators, leading to further risk. In addition, the Fed's policy stance and labor market data will also become key factors for future market trends.

8. Monero attackers threaten to list DOGE as the next target.

On August 27, Qubic, the perpetrator of the 51% attack on Monero, announced that the community voted to list Dogecoin (DOGE), with a market capitalization of over $35 billion, as the next target for attack. 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 reorganization and orphan block phenomena. -Original text

The above is a selection of hot topics in the last 24 hours. For faster news, please download AiCoin ()