AICoin Daily Report (July 29)

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11 hours ago

1. Trump Considers Promoting Cryptocurrency Integration into the Economy through Mortgages and 401(k) Plans

Despite the White House's commitment this week to make more progress on the strategy of integrating digital assets into the pillars of the U.S. economy, Democrats continue to express opposition. -Original

2. Tether Mints 1 Billion USDT on the Tron Network, Attracting Market Attention

On July 28 at 16:13 Beijing time, Tether Treasury minted 1 billion USDT on the Tron network, with a total value of approximately $1.0013 billion. -Original

3. Bakkt Sells Loyalty Business, Plans to Transform into a Pure Cryptocurrency Company and Raise Funds to Purchase Bitcoin

Nasdaq-listed tech platform Bakkt announced the sale of its loyalty business for $11 million, pushing towards a transformation into a pure cryptocurrency infrastructure company, with the transaction expected to be completed in the third quarter of 2025. At the same time, Bakkt plans to publicly issue Class A shares and pre-paid warrants to raise funds for purchasing Bitcoin, supplementing working capital, and meeting the company's daily needs. The company's disclosed second-quarter crypto revenue is expected to be between $568 million and $569 million. The timing and terms of the public offering will depend on market conditions. -Original

4. Grayscale Transfers 6,448 ETH to Coinbase Prime Hot Wallet

According to monitoring data from Arkham, about two hours ago, Grayscale transferred 6,448 ETH to a Coinbase Prime hot wallet address through its Ethereum exchange-traded fund, Grayscale Ethereum Trust, valued at approximately $25.05 million. -Original

5. U.S. Listed Company Volcon Increases Holdings by 316.8 BTC, Total Holdings Exceed 3,500 BTC

On July 28, according to official news, U.S. listed company Volcon Inc. (VLCN) purchased an additional 316.8 Bitcoin for $37.3 million since its last disclosure on July 25. As of the announcement date, the company's total Bitcoin holdings reached 3,500.18 BTC, with a cumulative investment of approximately $412 million and an average purchase cost of $117,683 per Bitcoin. -Original

6. Swiss Bank Julius Baer Analyst Predicts the Federal Reserve May Restart Rate Cuts in September

On July 28, analysts at Swiss Bank Julius Baer wrote in a report that the Federal Reserve may restart its rate-cutting cycle at the September FOMC meeting. They stated that a weakening economic outlook suggests the Fed will implement looser monetary policy in the second half of the year. They added that the uncertainty surrounding inflation after tariff increases, along with political pressure from President Trump to cut rates, hindered this month's rate cut. They indicated that stagnation in private consumption and reduced investment plans (indicating softening demand) after July would justify a reduction in restrictive policy stance, despite inflation being above target. -Original

7. South Korean Bank Union Warns of Run Risks for Stablecoins, Potentially Affecting Economic Stability

The South Korean Bank Union issued a strong warning regarding current hot topics such as the introduction of a won-backed stablecoin. On the 28th, the union's chairman, Kang Young-dae (phonetic), stated, "This virtual currency called stablecoin is emerging as a 'new form of disguised savings business,' claiming to be a safe asset while absorbing public funds without paying interest. Its essence is exposed to the IT risks of the issuer, while always facing market, credit, and operational risks—namely, the inability to ensure that the funds exchanged for the virtual currency can maintain value through reserves. If trust issues arise with the token issuer for any reason, it could trigger a 'run,' leading to the issuer selling off government bonds and consumers suffering losses, potentially impacting the South Korean economy at any time." -Original

8. Japanese Nail Salon Chain Convano Raises 1.5 Billion Yen to Increase Bitcoin Holdings

On July 28, according to market news, Japanese nail salon chain Convano Co., Ltd. purchased approximately 80 Bitcoin last week and announced a recent financing of 1.5 billion yen (approximately $10.1 million), which will be used to increase its Bitcoin holdings. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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