Trump Vows to "Fire Powell on the Spot," Then Says He Will Likely Stay

August 2nd. According to Caixin, an insider stated during an interview regarding stablecoins that currently, there is no globally influential public chain in China. Another insider proposed that a national-level core public chain should be led by central enterprises, while the development of industry-level public chains can be open to market competition. An insider said, "The public chain is the infrastructure for stablecoin issuance. It is of great significance and indispensable for us to build a self-controllable, safe, and efficient financial infrastructure system for the digital financial era." A person familiar with the policy remarked, "Stablecoins must be issued on a public chain. The current situation is that, whether in Hong Kong or on the mainland, China does not have a globally influential public chain. If we use a U.S. public chain, we may face future political risks such as Sino-US confrontation and may potentially be 'blocked'." "Next, we need to strengthen our

August 2nd. Binance Alpha has now listed OLAXBT (AIO).

August 2nd: Given the unexpectedly weak job report that was released on Friday, market expectations for a Fed rate cut witnessed a significant surge. Trump's new tariffs will come into effect on August 7th. The US will impose tariffs of at least 10% on all other countries. For countries like Switzerland and India, the punitive tariff rates are 39% and 25% respectively. Some countries may still have the opportunity to negotiate for lower tariff rates. Monday 22:00: US June Factory Orders on a Monthly Basis; Tuesday 21:45: US July final S&P Global Services Purchasing Managers' Index (PMI); Tuesday 22:00: US July ISM Non-Manufacturing Purchasing Managers' Index (PMI); Thursday 20:30: US Initial Jobless Claims up to August 2nd; Thursday 23:00: US July New York Fed 1-Year Inflation Expectations.

August 2nd - Lately, the Trump Media & Technology Group declared its Q2 financial report. The financial assets reached approximately $3.1 billion, consisting of cash, cash equivalents, restricted cash, trading securities, and short-term investments, witnessing a year-on-year growth of nearly 800%. The company successfully raised nearly $2.4 billion for its Bitcoin treasury strategy, enabling it to accumulate around $2 billion in Bitcoin and Bitcoin-related securities by July 2025, thereby becoming one of the publicly traded companies with the largest Bitcoin reserves. In Q2, the company achieved positive operating cash flow for the first time, with a cash flow from operating activities of $2.3 million. Additionally, the company continued to make progress in its Separately Managed Account (SMA) and Exchange-Traded Fund (ETF) plans, submitting multiple ETF registration statements in the second quarter and subsequent periods, such as the Truth Social Crypto Blue Chip ETF, Truth Social Bit

On August 2nd, Eric Trump, the son of former U.S. President Donald Trump, made a post on social media and stated, "I'll repeat it once more: Purchase during market dips!!! BTC, ETH."

On August 2nd, according to CoinGecko data, within the past 24 hours, the trading volume on Upbit was only 2.134 billion US dollars. The XRP/KRW trading pair took the lead with a 20.39% share. ETH and BTC ranked second and third respectively.