1. Fed's September Rate Cut Expectations Heat Up, Powell's Speech May Be Key

Traders are heavily betting on the Fed cutting rates by more than 25 basis points next month, with a surge in demand for related SOFR options and a significant increase in open contracts for a 50 basis point cut. Although recent inflation data exceeding expectations has led to some adjustments in rate cut forecasts, the market remains generally optimistic about the prospect of rate cuts. Fed Chairman Powell is set to speak at the Jackson Hole conference, which may bring changes to market expectations. U.S. Treasury yields fell on Tuesday, ending a three-day sell-off. -Original

2. Goldman Sachs Chief Strategist Bullish on Five-Year U.S. Treasuries, Expects 25 Basis Point Rate Cut

Goldman Sachs' Chief Strategist for Global Banking and Markets, Josh Schiffman, stated that in light of the Fed's near certainty of a rate cut in September, five-year U.S. Treasuries are his "favorite trade." He noted that the current yield range of 3% to 4% for five-year Treasuries not only offers attractive valuation but also provides protection when risk markets weaken. As of August 19, the yield on five-year U.S. Treasuries was 3.85%, significantly down from the beginning of the year, reflecting market expectations for easing policies. Schiffman expects the Fed to cut rates by 25 basis points at next month's meeting, potentially initiating a easing cycle that could last until 2026. -Original

3. Franklin Templeton CEO Proposes "Pick and Shovel" Investment Philosophy for Crypto Industry

Jenny Johnson expressed her preference for the "pick and shovel" approach in the industry. -Original

4. Japan's Lib Work Plans to Purchase $3.3 Million in Bitcoin to Combat Inflation Risks

Japanese 3D printing construction company Lib Work announced it will include Bitcoin in its corporate reserve assets, planning to purchase $3.3 million worth of BTC to address inflation risks. -Original

5. Spain Imposes $10.5 Million Tax on DeFi Investor, Sparking Controversy

A Spanish DeFi investor has been required by tax authorities to pay approximately $10.5 million in back taxes for using crypto assets as collateral for loans. The Spanish tax agency classified this action as capital gains, despite the investor not selling assets or realizing profits. Reports indicate that the investor had previously declared all cryptocurrency transactions and paid $5.84 million in taxes, but three years later, the tax authorities taxed the collateralization of assets through DeFi protocols for loans. Tax advisors stated that this interpretation lacks economic and legal basis and contradicts the definitions of capital gains in Spanish and EU law. The Spanish tax agency considers stablecoin loans and the transfer of tokens to DeFi protocols (such as Beefy or Tarot) as taxable events, which has sparked controversy. According to Article 33 of the Spanish Personal Income Tax Law, capital gains must reflect actual economic benefits and changes in net assets. -Original

6. Ripple's Global Policy Head Shares Best Practices for Digital Asset Custody

Ripple distilled its Singapore seminar into four best practices for custody: compliance design, customized models, operational resilience, and governance. -Original

7. Wyoming Launches Dollar Stablecoin, Covering Seven Major Blockchain Networks

The Frontier stablecoin has been deployed on Arbitrum (ARB), Avalanche (AVAX), Base, Ethereum (ETH), Optimism (OP), Polygon (POL), and Solana (SOL) networks. -Original

8. Cardone Capital Acquires 130 More Bitcoins, Continues to Increase Crypto Assets

According to market news released by @BitcoinMagazine: a real estate investment company, Cardone Capital, which manages over $5 billion in assets, has acquired an additional 130 bitcoins. -Original

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

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。