1. Federal Reserve's Logan Expects Banks to Use Repo Tools in September to Alleviate Liquidity Pressure
Dallas Fed President Logan stated that the Federal Reserve still has room to reduce excess reserves and expects banks to use the Standing Repo Facility (SRF) during the September tax date and quarter-end to address liquidity pressures. She emphasized that this tool can quickly convert U.S. Treasuries into cash, reducing the risk of liquidity shortages while avoiding a continuous expansion of the Fed's balance sheet. -Original
2. UBS Warns that Politicization of the Federal Reserve Could Worsen U.S. Treasury Risk Premium
UBS Global Wealth Management Chief Economist Paul Donovan stated that the increasing politicization of the Federal Reserve could lead to a higher risk premium in the U.S. bond market due to inflation uncertainty. This trend will raise real borrowing costs, increase the debt repayment pressure on the U.S. government, thereby compressing fiscal stimulus space and suppressing corporate investment. Additionally, this situation could weaken the dollar's status as a reserve currency, but it will not completely shake its dominance. Last Friday, Fed Chair Powell left room for a rate cut in September at the Jackson Hole meeting but did not clearly propose a medium-term policy framework or strongly defend the Fed's independence. Meanwhile, President Trump has been continuously pressuring the Fed to take action on rate cuts. -Original
3. Trump States the U.S. Will Assist Europe in Resolving the Russia-Ukraine Conflict in a "Support" Role
On the 25th local time, President Trump stated that the details of how the U.S. will participate in security guarantees for Ukraine have not yet been discussed, but the U.S. will assist Europe in playing a major role in a "support" capacity. Trump made these remarks during a media interview at the White House. He said that the conflict between Russia and Ukraine is the "easiest" among several conflicts he intends to resolve. The Russia-Ukraine conflict involves some "serious personality conflicts," but the U.S. "will bring this situation to an end." Trump also mentioned that after a series of meetings between U.S., Ukrainian, and European leaders at the White House last week, he spoke on the phone with Russian President Putin, and both hope to promote "denuclearization." During their meeting in Alaska, they also discussed the topic of reducing U.S. and Russian nuclear arsenals after the end of the Russia-Ukraine conflict. -Original
4. UAE Marked as the Fourth Largest Government Holder of Bitcoin, with Holdings Worth $740 Million
On August 25, Arkham announced on social media that relevant addresses of the United Arab Emirates have now been marked on the Arkham platform. The UAE's Bitcoin holdings, valued at $700 million, have now been annotated on the Arkham platform. These holdings originate from Citadel's Bitcoin mining operations—this publicly listed mining company is controlled by the UAE Royal Group through the International Holding Company (IHC). Arkham stated that the UAE is the fourth largest government entity holding Bitcoin on the platform, with a total BTC holding value of nearly $740 million. Unlike the U.S. and the U.K., the UAE's Bitcoin does not come from police asset seizures but is generated through mining operations in collaboration with Citadel. To date, approximately 9,300 BTC have been mined, with at least about 6,300 still held. Citadel is 85% owned by 2pointzero, which is 100% owned by IHC. IHC is approximately 61% owned by the UAE Royal Group, which is controlled by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family. Through collaboration with Phoenix Group (a UAE-listed mining company) and the government-owned IHC, Citadel built an 80,000 square meter Bitcoin mining facility on Al Reem Island in Abu Dhabi in six months in 2022. Satellite delay images from the construction of the mining facility corroborate the timeline of on-chain mining activities. On-chain transactions between Phoenix Group and Citadel also match the amounts disclosed officially. Phoenix Group has also been marked on the Arkham platform, with its BTC holdings valued at $3.2 million. -Original
5. Arrive AI Announces It Will Consider Bitcoin as Cash Reserves
Arrive AI announced that it will consider holding Bitcoin as cash reserves and establish a "market-based" financing plan denominated in Bitcoin to facilitate fundraising. -Original
6. ETHZilla Approves $250 Million Stock Buyback Plan, Holding Over 100,000 ETH
On August 25, the board of ETHZilla Corporation (NASDAQ: ETHZ) approved a stock buyback plan with a maximum repurchase amount of $250 million, which is effective immediately. Additionally, the company announced that it currently holds 102,237 ETH, with an average acquisition price of $3,948.72, currently valued at approximately $489 million. Besides ETH, ETHZilla also holds about $215 million in cash equivalents. -Original
7. Bank of America Lobbying to Prevent Interest Payments on Stablecoin
According to Reuters, Bank of America is pushing to amend stablecoin regulatory rules, concerned that the regulations could lead to capital outflows. The banking lobby warned lawmakers that regulatory loopholes might allow crypto platforms to indirectly pay interest to stablecoin holders. The "Genius Act" has prohibited stablecoin issuers from paying interest but allows banks to issue stablecoins. -Original
8. Scam Service Vanilla Drainer Steals Over $5 Million in Crypto Assets in Three Weeks
Blockchain investigation agency Darkbit revealed that the scam service Vanilla Drainer has stolen at least $5.27 million in cryptocurrency in just three weeks. This service assists fraudsters in executing fund theft through phishing software and takes a 15%-20% cut. Vanilla Drainer has been active since October 2024, with its advertisements claiming to bypass security detection platforms like Blockaid. On August 5, the largest single theft incident implemented by the platform resulted in a loss of $3.09 million in stablecoins for the victim, with the scam operators profiting $463,000. The stolen funds are typically converted into ETH or unfreezable DAI, ultimately flowing into a wallet that currently holds tokens worth $2.23 million. To evade tracking, Vanilla Drainer frequently changes domain names and generates new contracts for each malicious website. -Original
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