On August 8th, analyst Jay Hatfield stated that Stephen Miran's appointment as an interim director of the Federal Reserve is unusual, but it will not affect his ability to fulfill his duties. He believes that Miran's addition may put more pressure on Federal Reserve Chairman Powell to cut interest rates. The outside world is currently paying more attention to the progress of the nomination of the Federal Reserve Chairman.

CryptoQuant research director Julio Moreno stated that XRP Whale has recently accelerated the transfer of tokens to exchanges, which may lead to short-term price pressure. The data shows that the 30 day average of XRP whales transferred to the exchange has increased from 141 million in early July to 260 million. Moreno pointed out that the inflow of whale funds into exchanges usually indicates possible selling pressure, and a similar situation in July led to a decline in XRP prices.

The price of Bitfinex ETH/USD has reached a nearly six-month high, now reporting $3943.6, up 7.11% in 24 hours, with a turnover of $38.42 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)

According to the summary of opinions from the July monetary policy meeting released by the Bank of Japan on Friday, a committee member stated that if the impact of US tariffs on the economy is proven to be minimal, the Bank of Japan may end its current wait-and-see mode and restart interest rate hikes by the end of this year. Another committee member pointed out that the current policy interest rate of the Bank of Japan is 0.5%, which is lower than the level considered neutral to the economy, so the central bank must continue to raise interest rates. (Golden Ten)

1. Trump signs executive order allowing pension funds to invest in cryptocurrency 2. The probability of the Federal Reserve cutting interest rates in September is 92.7%, and the expectation of cumulative interest rate cuts in October is heating up 3. Trump signs executive order to end supply cuts and protect banking services in the cryptocurrency industry 4. Ripple invests $200 million to acquire stablecoin platform Rail, expanding its ecosystem layout 5. Paxos reaches $48.5 million settlement agreement with Binance over anti money laundering issues 6. SharpLink's holdings of Ethereum have increased to $2 billion, and it continues to increase its cryptocurrency assets 7. The Brazilian House of Representatives will discuss the establishment of a national Bitcoin reserve bill on August 20th 8. Scenius Capital raises $20 million for its cryptocurrency venture capital fund The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/477632