PANews reported on August 27th that QCP Capital, a Singapore-based crypto investment firm, published a statement stating that the Federal Reserve's independence is under scrutiny, and that Trump may assemble a team more aligned with his own views to push for a more dovish policy. Currently, Bowman, Waller, and Milan are widely believed to be leaning toward Trump's support. If Governor Lisa Cook is removed, the number of Federal Reserve Board members aligned with Trump will reach four, even before the appointments of the two vice chairs and the next chair are finalized. Following the Jackson Hole meeting, the Fed has become more concerned about the slowing job market, the severe employment situation, and the risk of accelerating hyperinflation, setting the stage for a September rate cut. Nvidia, a bellwether for AI trading, released its earnings report after the market closed today. The "Mag7," comprising Nvidia and seven other major tech stocks, accounts for approximately 33% of the S&P 500 index. Their performance and guidance will be key to monitoring the impact of AI spending on revenue growth. However, Nvidia faces increasing headwinds. An MIT study shows that 95% of AI projects are unprofitable, and the next generation of large language models has diminishing returns on scale. Recent weakness in the cryptocurrency sector is linked to selling by large holders. If US stocks continue to decline, confidence in Bitcoin among traditional financial asset allocators could be impacted, potentially triggering a new round of risk reduction.PANews reported on August 27th that QCP Capital, a Singapore-based crypto investment firm, published a statement stating that the Federal Reserve's independence is under scrutiny, and that Trump may assemble a team more aligned with his own views to push for a more dovish policy. Currently, Bowman, Waller, and Milan are widely believed to be leaning toward Trump's support. If Governor Lisa Cook is removed, the number of Federal Reserve Board members aligned with Trump will reach four, even before the appointments of the two vice chairs and the next chair are finalized. Following the Jackson Hole meeting, the Fed has become more concerned about the slowing job market, the severe employment situation, and the risk of accelerating hyperinflation, setting the stage for a September rate cut. Nvidia, a bellwether for AI trading, released its earnings report after the market closed today. The "Mag7," comprising Nvidia and seven other major tech stocks, accounts for approximately 33% of the S&P 500 index. Their performance and guidance will be key to monitoring the impact of AI spending on revenue growth. However, Nvidia faces increasing headwinds. An MIT study shows that 95% of AI projects are unprofitable, and the next generation of large language models has diminishing returns on scale. Recent weakness in the cryptocurrency sector is linked to selling by large holders. If US stocks continue to decline, confidence in Bitcoin among traditional financial asset allocators could be impacted, potentially triggering a new round of risk reduction.

                                                                               Ethereum co-founder Vitalik Buterin defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling,” sparking backlash.                     Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days. His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana which only needs two days to unstake. He has since deleted the posts. However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”Read more