Bitcoin Remains Under Pressure as Gold Quietly Targets New Record High

[Argentine Opposition Votes to Reopen Investigation into President Milei's LIBRA Scandal] According to a report by Cryptoslate, as cited by Jinse Finance, the Argentine opposition has reopened an investigation into President Javier Milei's role in the LIBRA scandal, seizing on new corruption allegations that have unsettled the government just weeks before the October elections. Despite opposition from Milei's allies, five opposition parties, representing 136 of the 257 members of the House of Representatives, voted to reopen the case. The committee has set a reporting deadline of November 10, a few weeks after Argentine voters head to the polls. The committee was initially established in April but had largely been paralyzed due to bureaucratic and congressional obstacles. It was reactivated on August 28 following leaked audio recordings alleging that Milei and his sister Karina were involved in another bribery scheme.

[Federal Reserve Governor Cook Faces New Mortgage Fraud Allegation Today] BlockBeats News, August 29 – The Director of the U.S. Federal Housing Finance Agency, Sandra Thompson, has once again submitted a new criminal charge to the Department of Justice regarding Federal Reserve Governor Lisa Cook's third property in Massachusetts. The allegation states that Cook secured a mortgage loan of $361,000 for an apartment in Massachusetts, claiming the property as a second home. Eight months later, Cook declared rental income of $15,000 to $50,000 and reclassified the property as an investment property. Cook may be involved in a violation known as Reverse Occupancy Fraud, where borrowers purchase a property as an investment property but initially falsely claim it as owner-occupied or a second home to secure lower mortgage rates or more favorable loan terms. Borrowers may later adjust the property's classification by reporting rental income to meet the definition of an investment property. BlockBeats previously reported that a hearing for the case involving Federal Reserve Governor Cook is scheduled for this Friday.

**[Weekly Mining Data Highlights: Bitcoin Hits a Low of $108,670, Weekly Average Price Drops 2.79%; Network Hashrate Increases 4.71%]** Odaily Planet Daily Report - Week 35 of 2025 (August 22 - August 29): 1. According to Cloverpool, Bitcoin's average network hashrate reached 978 EH/s, with a peak of 1057 EH/s and a low of 909 EH/s, representing a 4.71% increase compared to last week's average hashrate (934 EH/s). 2. According to Blockchain.com, Bitcoin's average price was $113,048, with a high of $117,417 and a low of $108,670, marking a 2.79% decrease compared to last week's average price ($116,297). 3. Noteworthy mining news includes: (1) Coinbase is becoming the preferred lending institution for Bitcoin mining companies; (2) Bitcoin mining company Hut 8 has launched a $1 billion financing plan; (3) Publicly listed Bitcoin mining company Hyperscale Data will retain all mined BTC and cease selling its mining output. **Data Partner:** NYSE-listed Bitcoin mining company Cango Inc. (CANG).

According to AiCoin monitoring, over the past 4 trading days, funds from the US spot BTC ETF have continued to flow in, reaching $568 million. During this period, the largest inflow was IBIT, with a total of 223 million US dollars; Next is ARKB, with an inflow of $151 million. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

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