Chainlink’s Leap into Regulated Finance: First U.S. LINK ETF Filed
Bitwise Asset Management has filed Form S-1 with the U.S. Securities and Exchange Commission (SEC) for the Bitwise Chainlink (LINK) Exchange-Traded Fund, marking the first U.S.-based spot ETF proposed specifically for the Chainlink token.
Trump Seeks to Fire Fed Governor Lisa Cook
President Trump moved to fire Federal Reserve governor Lisa Cook, escalating his campaign to exert more control over the central bank. In a social media post, Trump said he was dismissing Cook in response to allegations from a Trump ally that she had made false statements on a mortgage application. Cook said in a statement Trump has no authority to fire her, and she vowed to continue serving.
Monex Group Reportedly Considers Yen-Pegged Stablecoin
Monex Group is considering issuing a yen-pegged stablecoin in Japan, according to TV Tokyo. The financial services firm plans to back the yen stablecoin with Japanese government bonds.
Barclays: Fed Likely to Lower Rates in September and December Amid Recession Risks
British bank Barclays predicts the Fed will cut interest rates by 25 basis points in September and December, in response to concerns about a recession in the US economy.
EU: Nation Asserts Sovereign Right to Regulate Digital Services
We have sovereign right to regulate digital services” means that a country claims it has full authority and legal power within its borders to establish rules, laws, and oversight over digital platforms and online services operating in its territory.
SharpLink Bought 56,533 Ethereum
SharpLink Gaming acquired 56,533 ETH at ~$4,462. As of 26 August, they hold 797,704 ETH valued at ~$3.7B
Lutnick Says Markets Approve of Policy, Calls for Lower Interest Rates
US Commerce Secretary Lutnick said “the market has learnt that we’re doing an excellent job and we all agree interest rates should be lower”
