News

ChainCatcher reported that Cango Inc. (NYSE: CANG) has announced its 2025 bitcoin production and mining operation data. In July, a total of 663.7 bitcoins were produced, with an average daily output of 21.41 bitcoins. The company's total bitcoin holdings have surpassed 5,000, reaching 5,193.4 bitcoins. Deployed hashrate has increased to 50 EH/s, with an average monthly operational hashrate of 43.74 EH/s. Cango stated that it will continue to enhance mining machine efficiency through targeted measures to strengthen its core mining business. These measures include ongoing maintenance of existing mining machines to ensure stable operation, selectively upgrading older machines to new-generation models, and Cango's recent acquisition of a 50-megawatt bitcoin mining farm in Georgia, USA.

ChainCatcher news, QCP released a briefing stating that the market focus has shifted from rate cuts themselves to the issue of Federal Reserve independence. Analysis shows that the market is pricing in a higher term premium on the long end, while lowering the threshold for a downward cycle of the US dollar. Against this backdrop, even with the implementation of easing policies, the yield curve tends to steepen, the US dollar weakens, and gold and bitcoin are supported as investors seek to hedge against inflation and governance risks. After the Jackson Hole meeting, rate cuts are still seen as possible, despite inflation being difficult to quickly fall back to the 2% target. The market expects there may be two rate cuts this year, but new tariffs could push up inflation expectations, which is worth paying attention to.