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  • 23:52
    Fed’s Daly Hints at Possibility of Two Rate Cuts This Year
    According to ChainCatcher, citing Jinshi News, San Francisco Federal Reserve President Mary Daly stated in an interview that, given last month's stronger-than-expected retail sales and the unexpected surge in wholesale prices, she is still prepared to begin easing policy as early as next month. Daly pointed out that despite a weakening job market and a slowing economy, “cutting rates twice this year remains a very good forecast” compared to inflation that is still above the Fed’s target.
  • 23:38
    New York State Proposes Crypto Transaction Tax, Projected to Generate $158 Million Annually
    According to a report by Jinse Finance citing Decrypt, New York State legislator Phil Steck has introduced a bill proposing a 0.2% consumption tax on cryptocurrency transactions statewide. The tax is expected to generate an additional $15.8 million annually, with the funds earmarked for anti-drug and intervention programs in upstate New York schools. The tax would apply to digital assets such as NFTs, mining and staking income, and stablecoins. Currently, eight states—including New York and California—already treat cryptocurrencies as cash equivalents for tax purposes and impose capital gains, gift, and estate taxes on digital assets.
  • 23:31
    Overview of Key Overnight Developments on August 16
    21:00 (UTC+8) - 7:00 (UTC+8) Keywords: US Treasuries, Trump, Federal Reserve 1. The yield on the US 10-year Treasury rose by more than 4 basis points this week; 2. Several airlines in the UAE now support cryptocurrency payments for ticket purchases; 3. The Trump administration is considering using CHIPS Act funds to take a stake in Intel; 4. Federal Reserve Chair candidate Summers: Supports a 50 basis point rate cut by the Fed next month; 5. Bank of America: The Fed's portfolio adjustments could bring $2 trillion to the Treasury; 6. The Fed will cancel plans for dedicated oversight of banks' cryptocurrency and fintech activities; 7. The Ethereum PoS network exit queue has risen to about 818,000 ETH, and the entry queue has increased to about 362,000 ETH.
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