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A U.S. judge rules that Visa must face a new class action lawsuit regarding debit card monopoly.

A federal judge in Brooklyn, New York ruled that the 2019 Visa card processing fee settlement agreement does not apply to the new monopoly charges case, meaning Visa will face antitrust lawsuits from both the government and private companies.
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The Libra Meme coin case promoted by the President of Argentina involves the unfreezing of 57.6 million USDC.

A judge in Manhattan, USA, has unblocked $57.6 million in USDC assets related to Libra Meme coin, which triggered a lawsuit due to its collapse. The judge acknowledged the cooperation of the defendants and expressed skepticism about the plaintiffs' victory, allowing the defendants to reuse the funds.
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MEME35.72%
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In July, the trading volume of Shanghai stock options increased by nearly 50%.

According to Jin10 data on August 21, the Shanghai options market was bustling in July. According to the latest fund and derivation market data released by the Shanghai Stock Exchange, the cumulative Trading Volume of Shanghai options in July was 115.5066 million contracts, a rise of 48.92% month-on-month. Industry insiders said that as the exchange's on-site options trading significantly experienced higher trade volumes, off-exchange derivations also entered a strategic transformation period—brokerages are helping enterprises hedge commodity prices through revenue swaps, reduce debt financing costs, allocate assets across borders, and meet residents' low fluctuation, low-risk wealth management needs with customized off-exchange Options.
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Token buyback imitates corporate buyback strategy, with a weekly average amount reaching 40 million USD.

Jinse Finance reports that Token buybacks have become an important trend in Crypto Assets fund management. Data shows that mainstream protocols buy back a total of about $40 million per week, with Hyperliquid accounting for $24 million and the Meme coin platform Pump contributing $10 million. The buyback mechanism is similar to corporate stock buybacks, aimed at reducing circulating supply, boosting prices, and conveying long-term confidence. However, the effects of buybacks vary: some protocols benefit significantly in the short term, but may face pressure after buybacks end or are reduced. The sustainability of buybacks depends on protocol revenue and operational capabilities, with higher-revenue platforms more likely to maintain stable buybacks.
HYPE1.57%
MEME35.72%
PUMP10.91%
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Bitwise predicts that Bitcoin will have an average annual rise of 28% over the next ten years, potentially reaching $1.4 million by 2035.

Golden Finance reports that Matt Hougan, Chief Investment Officer of asset management company Bitwise, predicts that Bitcoin will achieve an average annual compound growth rate of approximately 28.3% over the next decade, rising from about $113,000 to $1.4 million in 2035, with a total market capitalization potentially reaching $28 trillion, surpassing the U.S. Treasury market and exceeding the market capitalization of gold.
BTC0.96%
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The Ethereum Foundation has launched the first phase of the "Trillion Dollar Security" initiative, focusing on user experience and wallet standards.

The Ethereum Foundation announced the first round of the "Trillion Dollar Security" plan, focusing on improving user experience and Wallet security, exploring minimum security standards for Wallets and drop the risks of blind signing, aiming to ensure the safety of users' on-chain funds, and will continue to promote more security projects in the future.
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ETH4.99%
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Fed's Bostic: The scale of Crypto Assets is too small to affect financial stability.

Golden Finance reports that Fed's Bostic: The scale of crypto assets is too small to affect financial stability.
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The judge ruled to unfreeze, and the LIBRA team regained control of 57.6 million USDC.

Gate News bot message, according to a report by Decrypt, the LIBRA team has regained control over assets worth $57.6 million USDC after legal proceedings. The previously frozen assets have been restored to the LIBRA team following a judge's decision to unfreeze them.
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The number of times stablecoin was mentioned in the Fed meeting minutes is 8.

Odaily News The number of mentions of stablecoin in the Fed meeting minutes is 8 times. (Zerohedge)
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Egypt's foreign minister spoke on the phone with the U.S. envoy, emphasizing the importance of Israel's response to the Gaza ceasefire proposal.

Egyptian Foreign Minister Sameh Shoukry spoke with the U.S. Special Envoy for the Middle East to discuss the situation in Gaza, emphasizing the importance of Israel's response to the ceasefire proposal to alleviate the suffering of the Palestinians and to promote an end to nearly two years of conflict, seeking a just resolution to the Palestinian issue.
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The U.S. has decided not to respond to the ceasefire proposal agreed upon by Hamas for the time being.

Jin10 News August 21 - On the local time of the 20th, Israeli Strategic Affairs Minister Dermer stated on the previous day during a meeting in Paris with a senior Qatari delegation that Israel is only interested in reaching a comprehensive ceasefire protocol, which means Hamas must release all Israeli captives and agree to relinquish control of Gaza. In addition, Israeli Channel 12 reported that Israel has decided not to respond temporarily to the ceasefire proposal agreed upon by Hamas.
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After the Fed meeting minutes were released, the crypto market fell, and Bitcoin dropped below $114,000.

BlockBeats news, on August 21, after the Fed meeting minutes were released at 2:00, the crypto market fell, with Bitcoin dropping below $114,000, a short-term decline of 0.41%; Ethereum fell below $4,300, a short-term decline of 1.35%.
BTC0.96%
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Fed Minutes: Fed staff lowered inflation expectations for the June meeting.

BlockBeats news, on August 21, Fed meeting minutes: some participants indicated that waiting for the full impact of tariffs on inflation to become clear before adjusting monetary policy is neither feasible nor appropriate. Most officials believe that the Fed's policy is in a favorable position. Participants also pointed out that more time is needed to better understand the magnitude and persistence of the impact of high tariffs on inflation. The Fed staff lowered the inflation expectations from the June meeting; however, they still expect tariffs to push prices higher. (Jin10)
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Fed meeting minutes: The market believes that the overall U.S. economy remains resilient.

BlockBeats news, on August 21, the Fed released the minutes from the July meeting, which mentioned that the recent rise in stock prices and the narrowing of credit spreads indicate that the market believes the overall U.S. economy remains resilient; however, the financial markets seem to have begun differentiating based on the scale and quality of corporate earnings. The valuation of the S&P 500 index continues to be above the long-term average, primarily due to optimistic expectations about the potential benefits of large tech companies from further applications of artificial intelligence (AI). However, the valuation of small-cap stock indices, despite rising during the meeting interval, remains below historical averages. (Jin10)
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Fed minutes: Almost all participants at the Fed's July meeting believed that maintaining the Benchmark Interest Rate in the range of 4.25% to 4.50% is appropriate.

Odaily News Fed Minutes: Almost all participants in the Fed's July meeting believe that it is appropriate to keep the benchmark interest rate in the range of 4.25% to 4.50%. (Jin10)
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Fed meeting minutes: The impact of tariffs has become more evident in commodity prices.

BlockBeats news, on August 21, Fed meeting minutes: Participants assessed that the impact of tariffs is more clearly reflected in commodity prices, but its overall impact on the economy and inflation remains to be seen. (Jin10)
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Fed officials maintained their forecasts for real GDP from 2025 to 2027.

According to ChainCatcher news, Jin10 reports that the Fed meeting minutes show that officials' forecasts for real GDP from 2025 to 2027 are similar to the forecasts prepared for the June meeting.
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Fed meeting minutes: Several participants indicated that the current target range for the federal funds Intrerest Rate may not be far from the neutral level.

Golden Finance reports, Fed meeting minutes: Several participants indicated that the current target range for the federal funds interest rate may be close to the neutral level.
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The U.S. government's motion to unseal the grand jury records in the Epstein case has been denied.

Golden Finance reports that court documents show the U.S. government's motion to unseal the grand jury records in the Epstein case has been denied.
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Ming Cheng Group signed a Bitcoin purchase protocol to acquire 4,250 Bitcoins.

According to ChainCatcher news and Jin10 reports, Mingcheng Group announced that it has signed a Bitcoin purchase protocol to acquire 4,250 Bitcoins.
BTC0.96%
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