According to BlockBeats, U.S. President Donald Trump has announced that the interview process for the next Federal Reserve Chair has commenced. The list of candidates has been narrowed down to three individuals, all of whom have backgrounds in Wall Street.

The Pi Network is experiencing what many are calling the "Comeback of the Century," as its dedicated community comes together in support of the cryptocurrency despite its recent price fluctuations, which have seen it hovering around $0.355. This resurgence has ignited conversations and excitement among supporters, who are rallying their efforts to bolster the network's visibility and credibility in the ever-evolving digital currency market. As the price wavers, the resilience and determination of the community members could play a crucial role in shaping the future of Pi Network and its potential to reclaim and surpass previous highs. source: https://blocknews.com/pi-networks-comeback-of-the-century-community-rallies-as-price-wavers-at-0-355/

According to BlockBeats, U.S. President Donald Trump announced on social media platform Truth that reciprocal tariffs will take effect at midnight tonight, UTC+8. He stated that billions of dollars will begin flowing into the United States as a result. Trump also expressed concern that a radical left-wing court, eager to see the nation fail, is the only obstacle to America's achievements.

According to PANews, data from SoSoValue indicates that on August 6, 2025, Bitcoin spot ETFs saw a total net inflow of $91.55 million. The Blackrock ETF IBIT recorded the highest single-day net inflow of $41.93 million, bringing its historical total net inflow to $57.27 billion. Following IBIT, the Bitwise ETF BITB experienced a net inflow of $26.35 million, with its historical total net inflow reaching $2.30 billion. Conversely, the Ark Invest and 21Shares ETF ARKB had the largest single-day net outflow of $5.37 million, yet its historical total net inflow stands at $2.38 billion. As of the latest update, the total net asset value of Bitcoin spot ETFs amounts to $148.51 billion, with an ETF net asset ratio of 6.46% relative to Bitcoin's total market capitalization. The cumulative historical net inflow for these ETFs has reached $53.74 billion.

The SPAC deal will deliver up to $240 million to Parataxis Holdings, including $31 million of equity that will be funded immediately to purchase BTC. source: https://cryptonews.com/news/parataxis-to-go-public-in-spac-merger-aims-640m-btc-treasury/

Bullish, backed by Peter Thiel, goes public on NYSE, set to raise $629 million. source: https://coincu.com/353110-bullish-nyse-ipo-raising-629m

OpenAI has reached a technical cooperation with the U.S. federal government to provide ChatGPT services, charging each institution only $1 per year.

Japan’s largest bank, SBI, has unveiled plans to launch the country’s first exchange-traded fund (ETF) that will be linked to both Bitcoin (BTC) and XRP. SBI Unveils Japan’s First Bitcoin And XRP ETF According to circulating reports, this investment vehicle aims to trade on the Tokyo Stock Exchange (TSE), offering institutional investors a regulated avenue to gain exposure to two of the market’s largest cryptocurrencies. In addition, the country’s financial giant has introduced a second product, the Digital Gold Crypto ETF, which will allocate 51% to gold and 49% to cryptocurrencies. Related Reading: Dogecoin Price Crash Could End Soon With A Roadmap For $5 This structure is reportedly designed to mitigate investment risks through diversification, catering to a growing interest in combining traditional assets with digital currencies source: https://www.newsbtc.com/bitcoin-news/japanese-financial-giant-sbi-moves-forward-with-bitcoin-xrp-etf-application/

Ethereum faces historic sell pressure, but rising user activity and strong holder conviction offer support. source: https://ambcrypto.com/ethereums-mixed-signals-bearish-sell-pressure-vs-strong-on-chain-indicators/

Big changes are brewing in the Bitcoin world—and they’re happening much faster than most people realize.

Seven Republican senators are urging the Commerce Department to investigate whether open-source models like DeepSeek’s R1 pose risks. source: https://decrypt.co/333901/lawmakers-inquiry-deepseek-national-security-data-risks

According to Cointelegraph, Bitcoin short-term holders have reduced their selling activity as the cryptocurrency's price gradually rises above its recent low of $112,000. Onchain analytics platform Glassnode reported that profit-taking among Bitcoin Short-Term Holders (STH), defined as those holding for less than 155 days, has decreased. The firm's market report on Wednesday highlighted that Bitcoin STH spent volume, which measures the proportion of recent buyers in profit selling their Bitcoin, has dropped to 45%, falling below the neutral level. Glassnode's analysis suggests that the market is in a relatively balanced position, with 70% of STH supply still held in profit and an almost even split between profit and loss taking in coins that are actively moving. This condition aligns with the midline of previous bull phases and is not considered atypical. The behavior of Bitcoin STHs is closely monitored by market participants, as they tend to sell during periods of market volatility. This trend follows Bitcoin's recent dip to $112,044 over the weekend, shortly after reaching new all-time highs of $123,100 on July 14, as reported by Nansen. At the time of publication, Bitcoin is trading at $114,766. Onchain analytics platform Checkonchain noted in a post on Wednesday that the Bitcoin STH Spent Output Profit Ratio (SOPR) indicates that recent buyers who purchased near all-time highs at a loss are selling more than those who are in profit. Checkonchain observed that many recent top buyers and 'weaker' hands are selling around their buy-in price, expressing a desire to exit the market. Despite this, Checkonchain remains optimistic, suggesting that a short, sharp dip into red territory followed by a return to a healthy green number would confirm the bull market is still active. Despite the recent price pullback, several crypto analysts maintain a positive outlook for Bitcoin's performance throughout 2025. Tom Lee, co-founder of Fundstrat and chairman of BitMine, expressed confidence that Bitcoin could reach $250,000 in 2025, even as other analysts cautiously adjust their targets. Lee shared his views on the Coin Stories podcast, stating that Bitcoin should build upon the $120,000 level before the end of the year, potentially reaching $200,000 or even $250,000. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Perhaps the most overlooked phenomenon in the public eye is arbitrage trading. Emerging market peer-to-peer exchange mechanisms allow users to exchange USDT for more local currencies, creating demand for remittances and arbitrage traders.

Ethereum is capturing market attention once again, with analysts widely forecasting a major breakout that could send ETH soaring to the $5,000 level and beyond.

Bakkt is acquiring nearly 30% of a Japanese textile company to transform it into a bitcoin-focused business called bitcoin.jp. The company aims to integrate digital assets into its operations and corporate treasury.

Three Federal Reserve officials expressed fresh concerns about the latest signs of weakness in the U.S. labor market, significantly boosting market expectations for an interest rate cut as early as September.

The conflict between the US government and Wall Street is acute. If the US does indeed fall into recession due to interest rate cuts, don't be surprised. That simply proves that the claims of "interest rate cuts stimulating the economy" and "interest rate cuts stimulating inflation" are Wall Street lies.

Golden Finance has launched the 2778th issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Blockchain, a virtual replica of the real-world "power fragmentation," may be providing a subtle but firm escape route for those trapped under the powerful.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.