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Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced that it has officially launched its transformative “EAI + Crypto” Dual-Flywheel & Dual-Bridge Ecosystem Strategy — marking the beginning of a new chapter in AI mobility and Web3 integration. EAI + Crypto Dual … <a href="https://beincrypto.com/faraday-future-launches-its-eai-crypto-dual-flywheel-strategy/">Contin
Wyoming launches America's first state-issued stablecoin, FRNT, backed by fiat and supported across seven blockchains, aiming to reduce fees and boost digital transactions while funding education.
Dogecoin price dropped 2% this week and risks a deeper correction. On-chain signals show key holder cohorts exiting and bears regaining control.
- 21:12Traders Bet the Fed Will Cut Rates by More Than 25 Basis Points Next MonthAccording to ChainCatcher, citing Jinshi News, traders are flocking to a specific options bet, anticipating that the Federal Reserve will cut rates by more than 25 basis points next month. Since the beginning of this month, there has been strong demand for positions related to the Secured Overnight Financing Rate (SOFR), which is closely tied to policy expectations. This week, traders have further increased their bets, with open interest in contracts targeting a 50 basis point rate cut rising sharply. Despite a short-term pullback, traders remain confident that a rate cut will occur next month.
- 20:41U.S. Senate Banking Committee Chair expects 12 to 18 Democratic senators may support the Digital Asset Market Structure BillAccording to a report by Jinse Finance, Tim Scott, Chairman of the U.S. Senate Banking Committee, stated at the SALT conference in Jackson Hole, Wyoming, that he expects 12 to 18 Democratic senators may support the Senate’s market structure bill for digital asset market regulation. Currently, the Senate has only released a discussion draft, and the final bill is expected to be completed by the end of September. This legislation will determine how the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regulate digital assets, including the spot crypto market. Scott noted that some Democrats, such as Elizabeth Warren, may hinder the progress of the bill.
- 20:12The three major U.S. stock indexes closed mixedAccording to Jinse Finance, the three major U.S. stock indexes closed mixed, with the Nasdaq down 1.46%, the S&P 500 down 0.59%, and the Dow Jones up 0.02%. During the session, the Dow Jones hit a record high. Most large-cap tech stocks declined: AMD fell over 5%, Nvidia dropped more than 3%, Netflix and Meta both fell over 2%, while Tesla, Microsoft, and Amazon were down more than 1%. Apple and Google saw slight declines. Intel surged about 7% after SoftBank Group announced a $2 billion equity investment in the company. Notably, Nvidia recorded its largest single-day drop since April 21.