9.6 AI Daily: Crypto market turbulence, a series of major events follow

Trump reaffirms embrace of Cryptocurrency

Trump reiterated in a speech at the New York Economic Club that if re-elected as president, he will make the United States the world’s Crypto Assets capital, embracing Crypto Assets, artificial intelligence, and other ‘future industries.’ He said he would establish a government efficiency committee led by Musk to audit federal government spending.

The divergence among Federal Reserve officials is increasing, and the extent of interest rate cuts is uncertain.

Federal Reserve officials have different opinions on the magnitude of the interest rate cut in September. Some officials believe that the interest rate should be cut by 25 basis points, while others are calling for a 50 basis point cut. The employment report will be a key factor in determining the magnitude of the rate cut. Officials generally expect the economy to continue to slow down.

Ethereum Foundation Responds to Hot Issues

The ETH Foundation responded to a series of hot issues in the AMA. The Foundation stated that the main wallet holds ETH worth 650 million US dollars, and the reserve funds can cover expenses for the next 10 years; the accumulation of ETH value is crucial to the success of Ethereum; the rollup ecosystem will not override ETH.

BTC supply shortage worsens

Bitwise researchers have stated that corporate buying alone has absorbed almost all newly mined BTC supply. The shortage of BTC supply is more severe than most people imagine.

encryption Trader Attack Incident

A 19-year-old Singapore encryption trader was ambushed by two men when trying to exchange USDT offline. The two individuals have been arrested by the police. This incident has once again raised concerns about the security of offline transactions.

Telegram Privacy Policy Sparks Controversy

Telegram was reportedly quietly updating its FAQ, deleting the statement about chat privacy. Founder Durov later stated that Telegram is preparing to exit markets that are incompatible with its privacy principles.

Clash between Node Founder and Ordinals Founder

Node founder Rocktoshi claimed to be a co-founder of Ordinals, but was denied and personally attacked by Ordinals founder Casey. The two sides engaged in fierce confrontation on social media.