Fed's Williams: If inflation does not return to the 2% target as expected, the Federal Reserve will take action.
Fed’s Williams strongly supports the FOMC’s latest interest rate decision, reaffirming his commitment to returning inflation to the 2% target. If inflation does not cool to 2% as expected, the Federal Reserve will take action to achieve price stability. Additionally, Williams said he expects the impact of the Middle East conflict on inflation to gradually ease, though he acknowledged lingering uncertainty over the situation. He also noted that market pricing provides valuable insights for the Fed, but the central bank does not need to align with those levels. Furthermore, he argued that AI investment does not pose financial stability risks, adding that he is not surprised by volatility in the AI sector.
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OKX Ventures released a statement stating that it has never invested in the Dow Protocol project.
Official announcement: OKX Ventures has never invested in Dow Protocol, and any claims alleging its participation in the protocol’s financing are false. Such misinformation has caused adverse impacts on OKX Ventures’ brand reputation. OKX Ventures hereby solemnly condemns this and reserves all rights to pursue legal liability against the relevant parties in accordance with the law. OKX Ventures reminds that to verify relevant partnership information, please confirm through OKX’s official channels. It urges all users and project teams to remain vigilant, not to trust any unconfirmed information, and guard against fraud to avoid property losses.
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Robinhood’s UK Subsidiary Secures FCA Registration as a Crypto Asset Firm
Robinhood’s UK subsidiary was added to the UK Financial Conduct Authority (FCA)’s register of authorized crypto asset firms on July 31, confirming its compliance with the regulator’s anti-money laundering (AML) requirements. Since the registration scheme came into effect in 2020, more than 50 firms have secured approval, including crypto players Ripple and Kraken, as well as traditional finance giants BlackRock and BNY. The approval comes as the UK prepares to roll out a broader crypto regulatory framework: applications for the new regime will open at the end of September, close in late February next year, and the full set of rules will take effect in October. Firms already registered under the current scheme have completed significant preparatory work for subsequent applications under the new framework.
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US crypto-related stocks were broadly lower in pre-market trading, with Coinbase down 1.25% and Circle down 5.45%.
According to Bit.com (BIT) market data, most U.S. crypto-related stocks declined in pre-market trading. SharpLink (SBET) fell 1.52%, Bitmine Immersion (BMNR) dropped 2.20%, Bullish (BLSH) declined 1.33%, Circle (CRCL) fell 5.45%, Strategy (MSTR) dropped 1.23%, and Coinbase (COIN) declined 1.25%. Circle posted the largest pre-market decline among the group.
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Survey: Switzerland's cryptocurrency usage rate reaches 23%, more than twice that of Germany.
Bearingpoint’s latest survey reveals that 23% of Swiss adults use cryptocurrencies at least occasionally — a rate notably higher than Austria’s 18% and Germany’s 11%. Furthermore, 37% of Swiss respondents view cryptocurrencies as worthy investments, 45% think they could become international trade or reserve currencies in the future, and 44% are willing to use central bank digital currencies (CBDCs); all these proportions exceed those of Germany and Austria. The report points out that since Switzerland enacted the DLT Act in 2021, it has developed a mature crypto ecosystem, with Crypto Valley home to 1,749 blockchain and DLT enterprises. Germany, meanwhile, plans to expand crypto asset services via traditional banking channels including DZ Bank and Dekabank to close the adoption gap with Switzerland.
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Bithumb will suspend EGLD deposits and withdrawals to support the MultiversX network upgrade.
According to official announcements, to support the MultiversX (EGLD) network upgrade, Bithumb will suspend EGLD deposit and withdrawal services starting from August 6 at 18:00 KST. The upgrade is scheduled to take place at 2:00 KST on August 7, and deposit/withdrawal services will resume once the network stabilizes. Trading functions remain unaffected.
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