AiCoin Daily Report (August 4th)

1. Trump is actively seeking the next Fed chair candidate with the treasury secretary.

On August 3, Hassett, the director of the White House National Economic Council, stated that President Trump is actively seeking candidates for the next Fed chair in discussions about the matter with Treasury Secretary Mnuchin.

2. The CFTC and SEC jointly launched a plan to advance Trump's vision of the crypto gold era.

The acting chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline Pham, announced the launch of the "Crypto Sprint" initiative, which will closely collaborate with SEC commissioners Paul Atkins and Hester Peirce to advance the SEC's Project Crypto, fulfilling President Trump's promise of a "golden age of cryptocurrency." - Original text

3. The digital asset business of Hong Kong banks is growing rapidly, with a transaction volume reaching HKD 26.1 billion.

The President of the Hong Kong Monetary Authority, Eddie Yue, published an article titled "Hong Kong Wealth Management Market: Opportunities and Prospects." The article mentions that Hong Kong banks are experiencing rapid growth in the development of digital asset businesses. Following the introduction of relevant regulatory guidelines, more and more banks are expanding the sale of digital asset-related products and tokenized assets, as well as digital asset custody services. As of mid-July 2025, 22 banks have been authorized to sell digital asset-related products, 13 banks have been authorized to sell tokenized securities, and an additional five banks have been authorized to provide digital asset custody services. In the first half of 2025, the total trading volume of bank digital asset-related products and tokenized assets reached HKD 26.1 billion, an increase of 233% compared to the same period last year, exceeding the total trading volume for the entire previous year. Several asset management companies have also announced plans to launch tokenized products, coupled with the government's active promotion of tokenized bond issuance, it is believed that Hong Kong's growth momentum in the digital asset field will continue, bringing new driving forces to the development of wealth management businesses in Hong Kong.

4. Ripple Report: Investment in Banking Blockchain Infrastructure Exceeds $100 Billion

A new report from Ripple and CB Insights reveals how banks are reshaping financial markets through digital asset infrastructure, tokenization, and crypto partnerships. -Original

5. NYDIG states that the limit on Bitcoin ETF quotas may be raised, which could increase spot demand.

The volatility of Bitcoin has been declining, but it remains higher than traditional assets, making it attractive for revenue generation, but posing risks for institutions seeking stability. -Original

6. FTX creditors update on the SBF case, with the hearing scheduled to begin on November 3.

FTX creditor Sunil posted SBF case updates on platform X: November 3, 2023: Found guilty on 7 counts March 28, 2024: Sentenced to 25 years in prison September 13, 2024: SBF appeals to the Second Circuit Court of Appeals December 13, 2024: Government responds January 31, 2025: SBF replies The case will begin a week-long hearing on November 3, 2025. -Original text

7. OKX options open interest increased by 6.05%, significantly boosting market activity.

The current total open interest for OKX BTC options contracts is 28238.93 BTC, with a 24H increase of 6.05%, indicating increased activity in the options trading market. Data is for reference only. Interpretation: Open interest refers to the total number of outstanding options contracts in the market that have not been exercised, which can reflect the market's views and expectations on the future price movements of a specific underlying asset. Data is for reference only - original text.

8. The trading volume of TON perpetual contracts surged, increasing market trading activity.

Bitget TON/USDT perpetual trading volume surged 5 times within 10 minutes, with a transaction volume of 25.11 million USD in the last 24 hours, an increase of 3.41%. A surge in trading volume generally indicates an increase in market trading activity, or large capital buy/sell operations, which may be triggered by significant market changes or news announcements. According to AiCoin data, Bitget's contract comprehensive ranking is 4th globally.

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