According to BlockBeats, market sources indicate that Waller has become a leading candidate for the position of Federal Reserve Chair within U.S. President Donald Trump's team. Waller has reportedly met with Trump's team, although a direct meeting with Trump has not yet occurred. It is noted that Trump's team favors Waller's inclination towards interest rate cuts based on forecasts.

The Trump administration's radical moves to reshape the global trade landscape are taking the U.S. and world economies into uncharted waters.

Ethereum, SOL, and XRP have jumped on reports that President Trump will sign an executive order to allow crypto in 401(k)s. source: https://decrypt.co/333982/ethereum-solana-xrp-rebound-trump-crypto-401ks

COSMOS: Who Killed the Cross-Chain King Cosmos? Golden Finance: The Cosmos ecosystem is at a critical historical moment.

Victims are lured in by phishing websites offering heavily discounted products, and then urged to make purchases using the Tether stablecoin. source: https://decrypt.co/333983/crypto-scammers-tiktok-shop-users

ARK's strategy proves that investing in cryptocurrency stocks is more than just buying and holding, especially when you want to optimize returns.

Pharos Network, a Layer 1 blockchain focused on RWAfi, has partnered with Morpho, a lending network with over $9 billion in total deposits, to bring native lending infrastructure to the Pharos mainnet, as reported to Finbold on August 7.  Thrilled to announce Pharos will integrate with @MorphoLabs, one of the most trusted lending networksBy embedding Morpho’s lending framework into the Pharos Mainnet, we support intricate, institutional-grade strategies while maintaining the adaptability and openness synonymous… pic.twitter.com/iVnvfkm33V— Pharos | Testnet Live (@pharos_network) August 7, 2025 The collaboration aims to establish institutional-grade lending rails within the on-chain real-world asset ecosystem source: https://finbold.com/pharos-network-partners-with-morpho-to-launch-native-lending-infrastructure-for-real-world-assets/

"Cardano is currently experiencing a phase of consolidation as it gathers momentum and prepares for a potential breakout that could significantly impact its price movement and attract the attention of investors and traders in the cryptocurrency market." source: https://blocknews.com/cardano-consolidates-ahead-potential-breakout/

According to Cointelegraph, the integration of blockchain technology into agriculture is emerging as a promising solution to some of the world's most pressing issues, such as food waste and land disputes. Yana Leonova, who holds a PhD in agricultural economics and is actively involved in Dubai's innovation ecosystem, highlights the potential of blockchain in transforming the agricultural sector. She emphasizes that blockchain can significantly enhance supply chain transparency, citing projects like IBM Food Trust and WWF’s OpenSC, which are already utilizing blockchain to track products such as seafood and palm oil. In the United Arab Emirates, the Farm to Plate initiative exemplifies blockchain's impact by reducing food waste by an estimated $6 billion through improved visibility and real-time supply-demand matching. Leonova explains that blockchain provides a comprehensive real-time data picture, which is crucial in today's data-driven world. Beyond logistics, blockchain empowers smallholders by eliminating intermediaries and ensuring fair and automatic payments through tokens and smart contracts. This technological advancement ensures that farmers receive fair compensation for their produce without the interference of middlemen. The discussion also delves into the philosophical implications of blockchain, particularly its role in ensuring justice. Leonova points out that immutable ledgers can safeguard land ownership rights, especially in situations where traditional paper records are lost due to disasters. She asserts that blockchain's incorruptible nature prevents any unauthorized claims on property, emphasizing that "nobody can impose their rights on your property" and "you cannot bribe the blockchain." Co-hosts Nathan Jeffay and Gareth Jenkinson highlight how these practical applications challenge the perception of blockchain as merely a tool for speculation, underscoring its potential to address tangible real-world problems. Despite some skepticism surrounding blockchain adoption, Leonova remains optimistic about its future. She acknowledges that while it may take time for people to recognize and adapt to blockchain technology, once trust is established, it can play a significant role in benefiting humanity. The conversation on "The Clear Crypto Podcast" further explores these themes, offering insights into how blockchain is poised to revolutionize various sectors beyond agriculture. For those interested in the full discussion, the episode is available on Cointelegraph’s Podcasts page, Apple Podcasts, and Spotify.

The Chainlink Reserve has begun by accumulating over $1 million worth of LINK as part of this initial launch phase, the project said. source: https://www.theblock.co/post/365988/chainlink-strategic-link-reserve?utm_source=rss&utm_medium=rss

null source: https://x.com/BTC_Archive/status/1953456897102602309

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.

XRP has come under selling pressure following its recent all-time highs near the end of July. After briefly pushing above the $3. 10 mark, bullish momentum faded, triggering volatility across the board. While XRP remains within its long-term bullish trend, buyers are losing control of short-term price action source: https://www.newsbtc.com/xrp-news/xrp-whale-activity-signals-warning-distribution-pattern-resurfaces/

This shift comes as South Korea moves toward friendlier crypto regulation under newly elected President Lee Jae-myung. source: https://coindoo.com/kakaobank-joins-stablecoin-race-as-seoul-embraces-digital-assets/

How Big Are 401(k)s? And What Impact Does This Have on Crypto?

This attempt breaks the inherent geographical and financial barriers to IPOs and also marks a fundamental change in the logic of asset issuance.

Recommended reading for tonight: 1. ETH will experience a step-by-step growth, just like BTC in 2017; 2. Bitcoin is quietly brewing a major change; 3. The intelligent evolution of DeFi: from automation to AgentFi;

The market highly expects that FOMC members will make their first interest rate cut decision in 2025.

On August 1, Hong Kong’s “Stablecoin Issuance and Reserve Management Ordinance” officially came into effect.

In a major move to expand its public sector presence, OpenAI has announced it will provide its ChatGPT to the U.S. federal agencies for just $1 over the next year.