August 16th Overview of Important Developments in the Cryptocurrency Circle:

Powell will set the tone for the September rate cut next Friday

DOGS Token Economics: 81.5% of the token supply belongs to the community

The Central Bank of Russia and the Ministry of Finance discuss the creation of a "Russian Crypto Exchange"

Gold breaks through the $2,480 mark and approaches its historical high

BlackRock's crypto ETF on-chain holdings exceed Grayscale Fund for the first time

Elon Musk: US inflation is due to 'printing more money'

South Korean online game giant NCSoft has received more than 250 times the return on its investment in SUI tokens

Grayscale transferred 1,601.6 ETH to market maker Flow Traders, about $4.2 million

Bank of America: The market is pricing in four rate cuts this year, and I don't think Powell will go against market pricing

a16z announced that it will set up its first super-large fund in Asia in Japan

Chaos Labs received $55 million in Series A financing, Haun Ventures led the investment

NYSE withdraws Bitwise and Grayscale Bitcoin spot ETF options listing and trading applications

Nasdaq withdraws application to list spot Bitcoin and Ethereum ETF options

Arthur Hayes: If the fiat currency system collapses, Bitcoin will rise