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Fed Governor Bowman: If inflation continues to fall, he will support rate cuts On August 21, Federal Reserve Governor Bowman stated that she still believes there are upside risks to inflation, but if price growth continues to slow, it would be appropriate for the Federal Reserve to begin gradually lowering interest rates. In her remarks, she stated that if future data continues to show that inflation is progressing towards our 2% target, it would be appropriate to gradually lower the federal funds rate to prevent monetary policy from becoming overly restrictive. Bowman believes that "some further progress has been made in reducing inflation" in recent months, but upside risks remain due to "heightened geopolitical tensions, additional fiscal stimulus measures, and increased housing demand driven by immigration." Additionally, she stated that the labor market continues to loosen, and there are signs that the labor market is trending towards better balance. $BTC $ETH $BNB
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In the past 4 hours, the entire network has liquidated 59.9783 million US dollars, mainly long orders According to Coinglass data, the total network liquidation in the past 4 hours was $59.9783 million, of which $53.5904 million was long position liquidation and $6.3879 million was short position liquidation. $BTC $ETH $BNB
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Tether Treasury mints 1 billion new USDT on Ethereum Odaily reports that according to Whale Alert monitoring, the Tether Treasury has newly minted 1 billion USDT on Ethereum. Tether CEO Paolo Ardoino responded that this 1 billion USDT is a supplement to the Ethereum inventory, which is an authorized but unissued transaction, meaning that this issuance will be used for the next issuance request and cross-chain exchange inventory. $BTC $ETH $BNB
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Binance Launchpool to List Dogs (DOGS) According to the official announcement, Binance Launchpool has announced the launch of Dogs (DOGS). Users can start mining DOGS tokens by staking BNB and FDUSD into separate mining pools from August 23, 2024, 00:00 (UTC) for 3 days. The new coin pool page is expected to go live 24 hours before the start of mining. Binance will officially list DOGS on August 26, 12:00 (UTC), opening DOGS/USDT, DOGS/BNB, DOGS/FDUSD and DOGS/TRY trading pairs, and applying the seed label to DOGS. $BTC $ETH $BNB
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The Federal Reserve took over $310.819 billion in fixed-rate reverse repo operations The Federal Reserve has accepted a total of $310.819 billion from 77 counterparties in its fixed-rate reverse repurchase operations. (Jinshi) $BTC $ETH $BNB
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Fed Governor Bowman Sees Inflation Risks, Considers Gradual Rate Cuts
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