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Cointime August 11st News Express

1.Fed Governor Bowman: Be cautious about rate cuts

2.BitGo: Will create a joint venture with BiT Global to provide multi-jurisdictional custody for WBTC

3.Peru issues VASP regulations to control and prevent criminals from using virtual asset platforms for illegal purposes

4.SUN.io Meme expansion function proposal officially approved, contract executed

5.Jupiter Lianchuang: Bitcoins held by WBTC should not be used for other purposes, and BitGo should clarify community doubts

6.Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV

7.African Union approves adoption of artificial intelligence by member states

8.Baby Doge: Will seek to invest in and acquire more companies or projects

9.CEO of ZA Bank: More than 100 Web3 companies have opened accounts in Hong Kong Cyberport

10.CoinGecko: The biggest one-day drop in crypto market value so far this year is 8.4%

Federal Reserve Financing VASP CoinGecko
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  • Cointime August 11st News Express

    1.Fed Governor Bowman: Be cautious about rate cuts

  • Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV

    Solana's edge data intelligent network 375ai announced the completion of a $5 million seed round of financing on X platform, with 6MV as the lead investor and participation from Arca, Escap Velocity, Primal Capital, and Auros. Specific valuation information has not been disclosed. 375ai provides decentralized edge data intelligent network nodes and mobile applications based on blockchain for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, while also receiving rewards.

  • Peru issues VASP regulations to control and prevent criminals from using virtual asset platforms for illegal purposes

    According to Bitcoin.com, the Peruvian Banking and Insurance Superintendent (SBS) issued a resolution requiring virtual asset service providers (VASPs) to implement KYC and anti-money laundering (AML) measures as part of a compliance program. The resolution is in line with FATF recommendations and aims to control and prevent criminals from using these platforms for illegal purposes.The resolution stipulates that VASPs operating in Peru must appoint a compliance officer and implement a system of anti-money laundering (AML) and terrorist financing (TF) measures. In addition, Peruvian exchanges must now adopt an effective "KYC" policy and establish due diligence steps to achieve this goal.Additionally, the new rules require VASPs to obtain identity and additional data from users engaging in transactions over $1,000, effectively forcing these providers to implement Travel Rule compliance as “all transfers of virtual assets must be treated as electronic transfers.”

  • Fed Governor Bowman: Be cautious about rate cuts

    Federal Reserve Governor Bowman said there are upside risks to inflation and the continued strength of the labor market, indicating that she may not be prepared to support a rate cut at the next meeting of U.S. central bank officials in September. She said that the progress made in reducing inflation in May and June was welcome, but inflation is still above the committee's 2% target, which is disturbing. I will remain cautious when considering adjusting the current policy stance. She also said that U.S. fiscal policy, the pressure on the real estate market from immigration, and geopolitical risks may all put upward pressure on housing prices, and the recent jump in the unemployment rate to 4.3% may exaggerate the extent of the cooling of the labor market.

  • Cointime August 4 News Express

    1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

  • Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

    According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.

  • Bitcoin scaling network Mezo completes $7.5 million in financing, led by Ledger Cathay Fund

    Bitcoin scaling network Mezo has completed a $7.5 million financing round, with Ledger Cathay Fund leading the investment and Mantle EcoFund ecosystem projects from ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol, and Bybit participating. This round of financing brings its total funding to $30 million.The new funds will be used for Mezo's plan to expand the adoption of its network, including integrating more products into its network, such as its Bitcoin staking platform Acre.

  • Trump team files complaint over Harris inheriting $96 million in Biden campaign funds

    According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending.

  • Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry

    Former US President Donald Trump is reportedly planning to release a fourth NFT collection, as he continues to embrace the crypto industry. In a recent interview with Bloomberg Businessweek, Trump stated that his previous NFT collections were "very successful" and sold out in a day. He also revealed that he plans to release another collection, as his supporters are demanding it. Trump's campaign has also started accepting crypto donations, and he has been vocal about the importance of the US not falling behind China in the crypto industry.
  • cointelegraph ·

    Taiwan Mobile receives VASP license, entry to crypto market

    Taiwan’s second-largest telecom has found a way into the crypto market, bring resources and experience with it.
    Taiwan Mobile receives VASP license, entry to crypto market

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