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At the Blockchain Association Policy Summit, U.S. Senators Gillibrand and Lummis stated that the "Crypto Market Structure Bill" is expected to have its draft released by the end of this week, with revisions and hearings scheduled for next week. The bill aims to establish clear boundaries for digital assets by adopting a classification-based regulatory framework, clearly distinguishing between digital commodities and digital securities, and providing a pathway for exemptions for mature blockchains to ensure that regulation does not stifle technological progress. The bill also requires digital commodity trading platforms to register with the CFTC and establishes a joint advisory committee to prevent regulatory gaps or overlapping oversight. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, is still being iteratively updated.
Boosted by expectations of further easing from the Federal Reserve, gold has risen for four consecutive days. Technical indicators show strong bullish signals, but there remains one more hurdle before reaching a new all-time high.
Against the backdrop of relatively accommodative expectations in both China and the US, which suppress asset downside volatility, and with extreme fear and capital sentiment not yet fully recovered, ETH remains in a favorable "buy zone."
- 13:08Goolsbee: The Federal Reserve should wait for more inflation data before considering a rate cutChainCatcher news, according to Golden Ten Data, Federal Reserve's Goolsbee stated that he is uneasy about the extent of previous rate cuts, which is why he voted against further rate cuts. He believes the Federal Reserve should wait for more information, especially data related to inflation.
- 12:58Hong Kong Monetary Authority: Scam websites impersonating the official site have appeared in the market, luring the public into trading cryptocurrencies; the case has been reported to the police.ChainCatcher news, the Hong Kong Monetary Authority (HKMA) has issued an official alert stating that fraudsters have impersonated the HKMA's official website to lure the public to a site bearing the HKMA logo for central bank digital currency or cryptocurrency transactions. The scammers further claim that account holders must pay relevant taxes before they can withdraw funds from their accounts. The HKMA solemnly declares that this fraudulent website has no connection whatsoever with the HKMA. The HKMA will never proactively contact citizens regarding any personal financial matters, nor will it request any form of transfer, payment, or account verification. Please remain vigilant and do not click on any unfamiliar website links. For any unverified information, especially those involving financial investments, always stay calm and verify first—never transfer funds directly. The HKMA has already reported this incident to the Hong Kong Police.
- 12:39Bank of Japan reportedly to implement more rate hikes, with some officials believing the neutral interest rate is above 1%Jinse Finance reported, citing informed sources, that Bank of Japan officials believe that before the current rate hike cycle ends, interest rates are likely to rise above 0.75%, indicating that there may be more rate hikes after the expected increase next week. These sources said that officials believe that even if rates are raised to 0.75%, the Bank of Japan still has not reached the neutral rate level. Some officials already consider 1% to still be below the neutral rate. According to the sources, even if the Bank of Japan updates its neutral rate estimate based on the latest data, it does not currently believe that the range will narrow significantly. The Bank of Japan currently estimates the nominal neutral rate range to be about 1% to 2.5%. The sources added that Bank of Japan officials believe there may be errors in both the upper and lower limits of this range itself.
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MoreHong Kong Monetary Authority: Scam websites impersonating the official site have appeared in the market, luring the public into trading cryptocurrencies; the case has been reported to the police.
Bank of Japan reportedly to implement more rate hikes, with some officials believing the neutral interest rate is above 1%