AiCoin Daily Report (September 02)

1. The Federal Reserve Board of Governors nominee Milan may take office before the September meeting.

U.S. Treasury Secretary Becerra stated that Fed nominee Milan may officially take office before the September Fed meeting. -Original text

2. The Hong Kong Monetary Authority has received 77 applications for stablecoin licenses.

A spokesperson for the Hong Kong Monetary Authority stated that as of August 31, a total of 77 applications for stablecoin licenses have been received, with applicants including banks, technology companies, investment firms, and e-commerce businesses. The Monetary Authority emphasized that expressing intent or submitting an application does not mean approval, and the final issuance of licenses will depend on whether the applications meet the requirements. Initially, only a small number of licenses will be granted.

3. The Trump family’s endorsed project WLFI is about to launch.

Tonight at 21:00 (UTC+8), World Liberty Financial (WLFI), endorsed by the Trump family, is making a strong debut on major exchanges like Binance, OKX, and Gate! The opening market is about to kick off, with the first 5 seconds determining the outcome—opportunities are fleeting, are you ready? 🔥 AiCoin “抢新开盘”—WLFI’s ultimate trading weapon, helps you position accurately and seize the opening: ✅ Ultra-fast concurrent ordering → High-frequency batch orders, multiple orders simultaneously capturing the best price ✅ Fully automated execution → Pre-set market price chasing/limit price bottoming, strategy triggered instantly, say goodbye to manual delays ✅ Intelligent opening alert → Multi-channel push reminders 5 minutes in advance, always ready, worry-free not to miss 📌 4 easy steps to set up, WLFI opening automatic sniping: 1️⃣ Download AiCoin PC version, authorize exchange API (supports major platforms like Binance/OKX/Gate) 2️⃣ Search for “WLFI/USDT”, click [抢新开盘] 3️⃣ Flexibly set ordering parameters (reference pre-market price or market price) 4️⃣ Keep AiCoin online, automatically high-frequency sniping 5 seconds before the opening ⚠️ Note: WLFI’s initial circulation is relatively low, FDV is relatively high, and significant volatility is expected. Please rationally allocate positions and pay attention to risk control! Lock in AiCoin now, the Trump concept coin WLFI opening cannot be missed~ -Original text

4. Former Cred CEO sentenced to 52 months in prison for involvement in crypto fraud.

According to Decrypt, Daniel Schatt, the former CEO of the bankrupt crypto lending company Cred, was sentenced to 52 months in prison due to his involvement in a $150 million cryptocurrency fraud case, while former CFO Joseph Podulka received a 36-month sentence. Legal experts say this case sets a new precedent for holding executives accountable in crypto fraud cases. -Original text

5. South Korea’s Kbank completes cross-border payment test of the Korean won stablecoin.

Korean digital bank Kbank has partnered with blockchain company BPMG to develop a multi-chain wallet KMINT and provide blockchain platform and stablecoin consulting services. The two parties have completed the concept verification of cross-border payments using the Korean won stablecoin in Thailand and Dubai. Kbank is a partner bank of the South Korean cryptocurrency exchange Upbit, with 14 million customers. -Original text

6. The U.S. Treasury Secretary said the Fed should be independent but has made too many mistakes.

U.S. Treasury Secretary Basant stated that the Fed should remain independent, but pointed out that it has made many mistakes in the past. He also defended Trump’s right to fire Federal Reserve Board of Governors member Lisa Cook on the grounds of mortgage fraud. Trump has recently continued to criticize the Fed and Chairman Powell, including their failure to cut interest rates and the issue of headquarters renovation costs. -Original text

7. Mitsubishi UFJ: Weak non-farm data may prompt the Fed to increase the pace of interest rate cuts.

Mitsubishi UFJ analyst Lee Hardman stated in a report that if the U.S. non-farm payroll data released this Friday is significantly weaker than expected, the dollar may face further downward pressure. He pointed out that a series of weak employment data will reinforce market expectations for the Fed to resume rate cuts at the September meeting, and could even lead to a one-time cut of 50 basis points. Currently, the market generally expects the Fed to cut rates by 25 basis points this month, with a cumulative cut exceeding 100 basis points before September next year. Hardman believes that unless the non-farm data is significantly better than expected, it will be difficult for the market’s expectations of an imminent rate cut by the Fed to change.

8. Slow Mist discovered that a malicious contract led to the theft of WLFI tokens.

The founder of Slow Fog, Yu Xian, stated that a recent attack incident using the 7702 deleGate malicious contract was discovered, resulting in the theft of WLFI tokens from multiple addresses of players. The attack method involved hackers embedding a malicious contract in the target wallet, transferring ETH and other token assets after the private key was leaked. -Original text

The above is the selection of hot topics in the past 24 hours. For faster news, please download AiCoin ()