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According to a report by Jinse Finance, as cited by The Block, the American Innovation Project (AIP) was launched on Tuesday with the backing of industry leaders such as a certain exchange and Uniswap Labs. Their shared mission is to help U.S. policymakers understand the rapid development of emerging technologies like crypto and artificial intelligence. A statement noted that the project is dedicated to fostering dialogue on policy and technology issues that will impact the future of the U.S. economy. It is reported that several crypto-focused entities are supporting AIP, including a certain exchange, another exchange, the National Cryptocurrency Association, Paradigm, the Solana Policy Institute, and DCG. The statement also mentioned that the organization has received seed funding from the Cedar Innovation Foundation and a $1 million grant from Digital Currency Group.

According to a report by Jinse Finance, a chart released by @Cointelegraph shows that Polymarket predicts a 71% probability that the Federal Reserve will cut interest rates by 25 basis points in September.