【AiCoin丨8.26 Snapshot: Big Whales Transfer In, Bitcoin Fails to Hold 80,000, IBIT Threshold Lowered】

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3 days ago

1. China warns the United States that sanctions on Iran disturb the global economy and may take retaliatory measures

China warns that the U.S. sanctions on Iran disturb the global economy.   -Original Text

2. X platform announces plan to allow users to purchase Bitcoin

X platform announces a plan to allow users to purchase Bitcoin.   -Original Text

3. Bitcoin falls below the $80,000 mark, gold retreats to $4,605 per ounce

Bitcoin surged to $81,265 on Tuesday before retreating, briefly dropping to $78,111 and falling below the $80,000 mark. Gold also weakened, with spot gold briefly falling nearly 2% to $4,605 per ounce, after rising to $4,697. During the decline in U.S. Treasury yields, the S&P 500 index rose 0.2%, while the Nasdaq index increased by 0.5%, and the yield on the U.S. 30-year Treasury bond dropped below 5.2%. The market expects a approximately 61.9% chance that the Federal Reserve will keep interest rates unchanged in September, with attention shifting to the U.S. July PCE inflation data and Nvidia's earnings report.   -Original Text

4. Federal Reserve's Collins: Inflation remains too high, expresses concern over price stability responsibilities

Federal Reserve's Collins stated that inflation remains too high and expressed concern over the Federal Reserve's responsibility to maintain price stability.   -Original Text

5. BlackRock lowers the threshold for IBIT physical Bitcoin purchases to $1 million, total conversions exceed $5 billion

According to Bloomberg, BlackRock has lowered the minimum trading size for investors purchasing ETF shares with physical Bitcoin from $25 million to $1 million. Robbie Mitchnick, head of digital assets at BlackRock, stated that the spot Bitcoin ETF IBIT has completed over $5 billion in such conversions. This mechanism allows investors to transfer Bitcoin into funds holding the same asset and exchange for ETF shares through authorized participants or market makers. Bitwise has reduced its minimum threshold for processing such transactions from $100 million to $3 million. Bloomberg reported that as U.S. regulators allowed physical purchases last summer, the market infrastructure for migrating crypto assets to ETFs is continuously expanding.   -Original Text

6. Canada imposes tariffs on $20 billion of U.S. goods, raises steel tariffs to 50%

Canada is imposing tariffs ranging from 15% to 50% on approximately $20 billion of U.S. goods and has increased the tariff on U.S. steel products from 25% to 50%. Starting from September 8, the Canadian government is imposing counter-tariffs of 15%, 25% or 50% on approximately 700 products.   -Original Text

7. Tesla and SpaceX hold Bitcoin unrealized gains of $1.35 billion

Tesla holds Bitcoin with an unrealized gain of $530 million, and SpaceX holds Bitcoin with an unrealized gain of $820 million.   -Original Text

8. U.S. and Iran reach consensus on ceasefire, shipping volume in the Strait of Hormuz drops to new low in months

According to Jinshi data, the Syrian Democratic Forces announced their dissolution, and the U.S. and Iran reached a consensus on the terms of a ceasefire agreement, which includes freedom of navigation in the Strait of Hormuz. On Monday, only one bulk carrier passed through the Strait of Hormuz, marking the lowest record since May 7. U.S. President Trump stated that all mines in international waters have been removed or detonated and warned that mine-laying ships will be destroyed. Iran and Oman issued a joint statement proposing to establish a temporary navigation route and implement a joint mine-clearing project, but Iran emphasized that the Strait will not be opened immediately. The Pakistani Interior Minister stated that progress has been made in negotiations with Iran, and the U.S. State Department is preparing for diplomats to return to Middle East embassies. The U.S. proposed lifting sanctions on Iran in exchange for reopening the Strait, with Treasury Secretary Becerra reiterating the commitment to continue pressure, while Iran's Deputy Foreign Minister warned of showcasing new capabilities if the U.S. continues its actions.   -Original Text

 

The above is a selection of hot topics in the past 24 hours; for quicker news, please download AiCoin (aicoin.com)

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