AICoin Daily Report (August 30)

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17 hours ago

1. Atlanta Fed Raises U.S. Q3 GDP Growth Forecast 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

2. Federal Reserve Finalizes New Capital Requirements for Major Banks, Morgan Stanley Seeks Reassessment

The Federal Reserve has announced new capital requirements for major U.S. banks, which will take effect on October 1. Morgan Stanley has requested 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 average the results of future stress tests over two years. -Original

3. Institutions Buy 690,000 Bitcoins This Year, Demand is Six Times Supply

According to a chart released by Bitcoin Archive, institutions have purchased 690,710 Bitcoins (BTC) this year, while only 109,072 Bitcoins (BTC) were mined during the same period—data source: Bitwise. This indicates that demand is six times the supply. -Original

4. South Korean Police Bust International Hacking Gang Involved in $28.1 Million Fraud

Seoul police in South Korea recently dismantled an international hacking gang, arresting 16 suspects. The gang stole personal information of wealthy individuals by hacking government and financial institution websites and used forged phone numbers to bypass security systems, stealing funds from bank and cryptocurrency accounts, amounting to $28.1 million. Although the gang 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 individuals, whose total account balance reached $39.8 billion (55.22 trillion Korean won). Among them, 16 victims had their cryptocurrencies stolen, with the largest single loss reaching $15.4 million (21.3 billion won). Additionally, financial institutions successfully intercepted 10 theft attempts totaling $18 million. Jungkook of BTS had a failed theft attempt of $6.1 million from his Hybe Entertainment stock account, which was thwarted due to abnormal monitoring by the bank and intervention by the brokerage firm. Police have frozen and returned $9.2 million of the stolen funds. -Original

5. U.S. Appeals Court Rules Most of Trump's Tariff Policies Illegal

According to CCTV News, on August 29, local time, a U.S. appeals court ruled that most of the global tariff policies implemented by President Trump were illegal, stating that Trump exceeded his authority in imposing these tariffs. -Original

6. Ethereum Foundation Optimizes Ecosystem Support Program, Suspends Public Funding Applications

The Ethereum Foundation announced it will optimize the focus areas and implementation paths of its 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 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 broad scope and high volume of applications for the public funding program have limited resource allocation, making it difficult to explore new strategic opportunities. In the future, the foundation will continue to support Ethereum public goods and accept applications but will adopt a new approach, with specific details to be disclosed in subsequent announcements. The optimized focus areas and implementation paths are expected to be announced in the fourth quarter of 2025. -Original

7. Florida Retirement Fund Discloses $80 Million Investment in MicroStrategy

According to market news released by The Bitcoin Historian, the Florida Retirement Fund, which manages $205 billion in assets, disclosed an investment of $80 million in MicroStrategy (stock code MSTR), marking another state-level fund's indirect investment in Bitcoin (BITCOIN). -Original

8. Japan's Financial Services Agency to Establish New Cryptocurrency and Innovation Department 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 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. According to the publicly released documents, the FSA has identified the restructuring topic as "the need to utilize 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

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

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