The Atlanta Fed has raised its forecast for U.S. Q3 GDP growth to 3.5%.
The Atlanta Fed's GDPNow model has raised its forecast for U.S. GDP growth in the third quarter from 2.2% to 3.5%. -Original text
The Federal Reserve finalizes new capital requirements for major banks, and Morgan Stanley applies for a review.
The Federal Reserve announced that it has determined new capital requirements for large banks in the United States, which will take effect on October 1. Morgan Stanley has applied for a reassessment of its capital levels, and the Federal Reserve will decide by the end of September whether to make adjustments. Additionally, the Federal Reserve is reviewing a proposal that may take the average of future stress test results over two years.
Institutions bought 690,000 bitcoins this year, with demand being six times the supply.
According to a chart released by Bitcoin Archive, institutions bought 690,710 bitcoins (BTC) this year, while only 109,072 bitcoins (BTC) were mined during the same period - Source: Bitwise, which means that the demand is six times the supply.
South Korean police dismantled a transnational hacker group, with the amount involved reaching 28.1 million USD.
The police in Seoul, South Korea recently successfully dismantled a transnational hacking group, arresting 16 suspects. This group stole personal information of wealthy individuals by hacking into government and financial institution websites, and used forged phone numbers to bypass security systems, stealing funds from bank and cryptocurrency accounts, with an amount involved reaching 28.1 million USD. Although the group had data on 258 notable individuals, including 28 cryptocurrency investors, 75 corporate executives, 12 celebrities, and 6 athletes, the actual theft targets were only 26 people, whose total account balance reached 39.8 billion USD (55.22 trillion KRW). Among them, the cryptocurrency of 16 victims was stolen, with the largest single loss amounting to 15.4 million USD (21.3 billion KRW). In addition, financial institutions successfully intercepted 10 attempted thefts totaling 18 million USD. Jungkook of BTS had a thwarted theft attempt of 6.1 million USD against his Hybe Entertainment stock account, but it was stopped due to abnormal monitoring by the bank and intervention from the brokerage firm. The police have frozen and returned 9.2 million USD in stolen funds.
The U.S. Court of Appeals ruled that most of Trump's tariff policy is illegal.
According to CCTV News, on August 29 local time, the U.S. Court of Appeals ruled that most of the global tariff policies implemented by President Trump were illegal and that Trump had exceeded his authority in imposing these tariffs. -Original text
The Ethereum Foundation optimizes the ecological support program and suspends public funding applications.
The Ethereum Foundation announced that it will optimize the focus areas and implementation paths of the Ecosystem Support Program (ESP), and has temporarily suspended public funding applications. This adjustment aims to redesign the funding model from passive response to proactive strategic deployment, while also supporting the priorities of other teams within the Foundation. The Foundation stated that although it has continuously optimized processes and improved efficiency over the past three years, the scope of the public funding program is extensive and the volume of applications is enormous, leading to limitations in resource allocation and difficulty in exploring new strategic opportunities. In the future, the Foundation will continue to support Ethereum public goods and accept applications, but will do so in a completely new way, with specific details to be disclosed in future announcements. The optimized focus areas and implementation paths are expected to be announced in the fourth quarter of 2025. - Original text
Florida Retirement Fund discloses allocation of 80 million USD to MicroStrategy
According to market news released by The Bitcoin Historian, a Florida retirement fund managing $205 billion in assets has disclosed that its allocation to MicroStrategy (stock code MSTR) amounts to $80 million, marking another state-level fund's indirect investment in Bitcoin (BITCOIN). -Original text
The Japan Financial Services Agency will establish a new department for cryptocurrency and innovation in 2026.
According to CoinDesk Japan, the Financial Services Agency (FSA) of Japan has announced its budget, organization, and personnel requirements for the fiscal year 2026. In the requirements, the agency proposed a significant restructuring, including the establishment of a new "Cryptocurrency and Innovation Department," with a budget set at 25 billion yen (an increase of 1.19 billion yen from the previous fiscal year), approximately 170 million USD. According to the publicly disclosed documents, the FSA has identified the restructuring issues as "the need to leverage new digital technologies such as fintech, cryptocurrency trading, and artificial intelligence to enhance the ability to respond to changes in financial services." Proposed measures include renaming and restructuring the existing "Comprehensive Policy Bureau" into the "Asset Management and Insurance Regulatory Bureau (tentative name)," and establishing a "Cryptocurrency and Innovation Division" under this new bureau, upgrading the existing "Cryptocurrency and Innovation Advisory Office" to the "Cryptocurrency and Innovation Division." - Original text
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AiCoin Daily Report (August 30)
The Atlanta Fed's GDPNow model has raised its forecast for U.S. GDP growth in the third quarter from 2.2% to 3.5%. -Original text
The Federal Reserve announced that it has determined new capital requirements for large banks in the United States, which will take effect on October 1. Morgan Stanley has applied for a reassessment of its capital levels, and the Federal Reserve will decide by the end of September whether to make adjustments. Additionally, the Federal Reserve is reviewing a proposal that may take the average of future stress test results over two years.
According to a chart released by Bitcoin Archive, institutions bought 690,710 bitcoins (BTC) this year, while only 109,072 bitcoins (BTC) were mined during the same period - Source: Bitwise, which means that the demand is six times the supply.
The police in Seoul, South Korea recently successfully dismantled a transnational hacking group, arresting 16 suspects. This group stole personal information of wealthy individuals by hacking into government and financial institution websites, and used forged phone numbers to bypass security systems, stealing funds from bank and cryptocurrency accounts, with an amount involved reaching 28.1 million USD. Although the group had data on 258 notable individuals, including 28 cryptocurrency investors, 75 corporate executives, 12 celebrities, and 6 athletes, the actual theft targets were only 26 people, whose total account balance reached 39.8 billion USD (55.22 trillion KRW). Among them, the cryptocurrency of 16 victims was stolen, with the largest single loss amounting to 15.4 million USD (21.3 billion KRW). In addition, financial institutions successfully intercepted 10 attempted thefts totaling 18 million USD. Jungkook of BTS had a thwarted theft attempt of 6.1 million USD against his Hybe Entertainment stock account, but it was stopped due to abnormal monitoring by the bank and intervention from the brokerage firm. The police have frozen and returned 9.2 million USD in stolen funds.
According to CCTV News, on August 29 local time, the U.S. Court of Appeals ruled that most of the global tariff policies implemented by President Trump were illegal and that Trump had exceeded his authority in imposing these tariffs. -Original text
The Ethereum Foundation announced that it will optimize the focus areas and implementation paths of the Ecosystem Support Program (ESP), and has temporarily suspended public funding applications. This adjustment aims to redesign the funding model from passive response to proactive strategic deployment, while also supporting the priorities of other teams within the Foundation. The Foundation stated that although it has continuously optimized processes and improved efficiency over the past three years, the scope of the public funding program is extensive and the volume of applications is enormous, leading to limitations in resource allocation and difficulty in exploring new strategic opportunities. In the future, the Foundation will continue to support Ethereum public goods and accept applications, but will do so in a completely new way, with specific details to be disclosed in future announcements. The optimized focus areas and implementation paths are expected to be announced in the fourth quarter of 2025. - Original text
According to market news released by The Bitcoin Historian, a Florida retirement fund managing $205 billion in assets has disclosed that its allocation to MicroStrategy (stock code MSTR) amounts to $80 million, marking another state-level fund's indirect investment in Bitcoin (BITCOIN). -Original text
According to CoinDesk Japan, the Financial Services Agency (FSA) of Japan has announced its budget, organization, and personnel requirements for the fiscal year 2026. In the requirements, the agency proposed a significant restructuring, including the establishment of a new "Cryptocurrency and Innovation Department," with a budget set at 25 billion yen (an increase of 1.19 billion yen from the previous fiscal year), approximately 170 million USD. According to the publicly disclosed documents, the FSA has identified the restructuring issues as "the need to leverage new digital technologies such as fintech, cryptocurrency trading, and artificial intelligence to enhance the ability to respond to changes in financial services." Proposed measures include renaming and restructuring the existing "Comprehensive Policy Bureau" into the "Asset Management and Insurance Regulatory Bureau (tentative name)," and establishing a "Cryptocurrency and Innovation Division" under this new bureau, upgrading the existing "Cryptocurrency and Innovation Advisory Office" to the "Cryptocurrency and Innovation Division." - Original text
The above is the selection of hot topics in the last 24 hours. For faster news, please download AiCoin ()