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  • 23:31
    Overview of Key Overnight Developments on August 21
    21:00 (UTC+8) - 7:00 Keywords: Cook, Stablecoin, Lummis 1. The Federal Reserve meeting minutes mentioned stablecoins eight times; 2. The U.S. Department of Justice is placing great importance on the criminal investigation involving Federal Reserve Governor Cook; 3. The Wall Street Journal: Trump is considering dismissing Federal Reserve Governor Cook on pretext; 4. U.S. Senator Lummis is pushing to complete the crypto market structure bill by the end of the year; 5. Federal Reserve Governor Waller calls for embracing payment innovation driven by AI and stablecoins; 6. Federal Reserve meeting minutes: Most members believe inflation risks outweigh employment risks; 7. Federal Reserve meeting minutes: Stablecoins could have broad impacts and warrant close attention; 8. Federal Reserve's Bostic: The scale of cryptocurrencies is too small to affect financial stability.
  • 22:36
    Offshore Renminbi Rises 51 Points Against the US Dollar Compared to Tuesday’s New York Close
    According to Jinse Finance, the offshore yuan (CNH) is trading at 7.1820 against the US dollar, up 51 points from Tuesday's New York close, with intraday trading ranging between 7.1931 and 7.1783.
  • 22:26
    Fed Governor Cook Says She Won't Resign Due to Bullying, Trump Officials Respond Swiftly
    According to a report by Jinse Finance, Federal Reserve Governor Cook issued a statement saying: "I learned from the media that FHFA Director Thompson posted on social media that he is making a criminal referral regarding a mortgage application from four years ago, which was before I joined the Federal Reserve. I have no intention of resigning from my position due to questions raised and bullying received on Twitter. As a member of the Federal Reserve, I do take any questions about my personal financial history seriously, so I am gathering accurate information to address any legitimate concerns and provide the facts." Thompson also responded quickly, stating: "Ms. Cook, you or your lawyer can write whatever you want. The exposure is based on mortgage documents, not Twitter."
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