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- 14:22Sources: YZi Labs-backed AI infrastructure project Gata to launch its token next monthAccording to ChainCatcher, AB Kuai.Dong has revealed that Gata, an AI infrastructure project supported by YZi Labs, is set to launch its token next month. This information was disclosed by a team-related investor at a conference in Tokyo today. Meanwhile, the project completed its previous funding round at a $60 million valuation, with the latest valuation reaching $93 million. The team has already agreed on a general timeline with market makers. Gata is expected to circulate on the BNB Chain, though this may still be subject to change.
- 14:22UBS: Politicization of the Federal Reserve Will Increase U.S. Treasury Risk PremiumAccording to a report by Jinse Finance, Paul Donovan, Chief Economist of UBS Global Wealth Management, stated that increased politicization of the Federal Reserve will lead the U.S. bond market to price in a higher risk premium due to inflation uncertainty. He pointed out that this will drive up real borrowing costs, increase the U.S. government's debt servicing expenses, reduce the scope for fiscal stimulus, and lead to decreased corporate investment. It will also undermine—but not destroy—the U.S. dollar’s status as a reserve currency. Last Friday, in his speech at Jackson Hole, Federal Reserve Chair Jerome Powell left the door open for a rate cut in September but did not propose an “appropriate medium-term policy framework” or offer a strong defense of the Fed’s independence. Meanwhile, U.S. President Trump has continued to call for rate cuts from the Federal Reserve in recent months.
- 13:44New Scam Service Vanilla Drainer Steals Over $5 Million in Three WeeksAccording to ChainCatcher, citing a report from Cointelegraph, blockchain investigation firm Darkbit has discovered that a new scam service called Vanilla Drainer has stolen at least $5.27 million in cryptocurrency within three weeks. The organization assists fraudsters in stealing funds by providing phishing software and takes a 15%-20% commission from the proceeds. Vanilla has been active since October 2024, and its advertisements claim it can bypass the security detection platform Blockaid. In the largest single theft on August 5, the victim lost $3.09 million in stablecoins, with the operator profiting $463,000. The stolen funds are typically converted into ETH or the non-freezable stablecoin DAI, and ultimately consolidated into a specific fee wallet, which currently holds tokens worth $2.23 million. Vanilla evades tracking by creating new contracts for each malicious website and frequently changing domain names.