Overview of Important Developments on the Afternoon of August 24

7:00-12:00 Keywords: IBIT, Coinbase, DCG, Tether

1. Trader T: On August 23, IBIT had a net inflow of 1,366 BTC;

2. Data: The stablecoin market grew by $1.3 billion in 5 days, led by Tether;

3. USDC Treasury minted over 212 million USDC on the Ethereum chain early this morning;

4. Coinbase plans to suspend Polygon PoS trading and sending and receiving services from August 26 to September 10;

5. DCG: Bitcoin and Ethereum mini trusts have inflows exceeding $270 million and $220 million respectively;

6. Market news: Robert F. Kennedy Jr. stated he will support Donald Trump;

7. Santander Bank: If August employment data is strong, the Fed may abandon the idea of a 50 basis point rate cut;

8. Tether: Has assisted 145 law enforcement agencies in recovering $108.8 million USDT related to illegal activities so far this year.