1. Federal Reserve's July Minutes Mention Risks of Treasury Bonds and Stablecoins

The minutes from the Federal Reserve's July meeting indicate that participants expressed concerns about the vulnerability of the U.S. Treasury bond market, mentioning issues such as declining intermediary capacity among dealers, the influence of hedge funds, and insufficient market depth. Additionally, participants discussed the vulnerability of banks to rising long-term yields, the risks of maturity mismatches in foreign exchange swaps, and the potential impacts of stablecoins on the financial system and monetary policy, emphasizing the need to closely monitor their developments and changes in demand for related assets. -Original

2. U.S. Lawmaker Proposes Authorizing President to Combat Overseas Crypto Theft

According to Bitcoin Laws, Arkansas Congressman David Schweikert has proposed a new bill that would allow the president to issue "privateering licenses," authorizing individuals and companies to apprehend cryptocurrency fraudsters outside the U.S. The proposal aims to strengthen the crackdown on cryptocurrency theft and protect industry interests. -Original

3. Mingcheng Group Announces Purchase of 4,250 Bitcoins

Mingcheng Group has announced that it has signed a Bitcoin purchase agreement to acquire 4,250 Bitcoins. -Original

4. Japan Plans to Approve JPYC Stablecoin, Targeting 1 Trillion Yen in Three Years

The Financial Services Agency of Japan plans to approve the issuance of the yen stablecoin "JPYC" this fall, which can be used for international transfers, corporate payments, and DeFi asset management. JPYC aims to reach a issuance scale of 1 trillion yen within three years, attracting the attention of institutions such as hedge funds and family offices, and may be used in arbitrage trading scenarios. -Original

5. Sweden's Safello to Launch Physically-Backed TAO ETP

Swedish crypto trading company Safello has announced the launch of Europe's first physically-backed TAO ETP, planning to list it on the Swiss Stock Exchange, Euronext, and Deutsche Börse, providing investors with an investment channel for the Bittensor token TAO. -Original

6. Tether Mints 1 Billion USDT

At 19:37 Beijing time, Tether Treasury minted an additional 1 billion USDT on the Ethereum network, valued at approximately $1.00066 billion. -Original

7. U.S. Senator Pushes for Cryptocurrency Market Structure Bill, Aiming for Year-End Legislation

U.S. Republican Senator Cynthia Lummis from Wyoming plans to push for the completion of the cryptocurrency market structure bill by the end of 2025, to be submitted for presidential signature. The bill is based on the "Digital Asset Market Clarity Act" passed by the House of Representatives, and Lummis hopes to retain as many of the House's modifications regarding stablecoins and other provisions as possible to reflect the spirit of collaboration between the two chambers. It is reported that the bill previously received support from 78 Democratic lawmakers in the House. Lummis stated that the goal is to complete the relevant legislative work before Thanksgiving. -Original

8. LM Funding Raises $23 Million to Accelerate Bitcoin Strategy

LM Funding America (NASDAQ: LMFA) has announced the completion of approximately $23 million in financing, including $12.6 million from a registered direct offering and $10.4 million from a private placement. The funds will primarily be used to purchase more Bitcoins, strengthening the company's Bitcoin treasury. Since launching its Bitcoin funding strategy in 2021, the company has accumulated 150 Bitcoins, possesses 26 megawatts of mining capacity, and plans to acquire an 11-megawatt mining facility in Mississippi to expand its operations. -Original

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