AiCoin Daily Report (September 11)

1. The US August PPI year-on-year rate is 2.6%, lower than expected.

The U.S. August PPI year-on-year was recorded at 2.6%, lower than the expected 3.3%. The month-on-month rate was -0.1%, also below the expected 0.3%, with the previous value at 0.9%. - Original text

2. Multiple banks raise expectations for the number of interest rate cuts by the Federal Reserve.

Several major banks expect the Federal Reserve to lower interest rates more than previously predicted. Economists at Barclays anticipate three cuts of 25 basis points this year, with two more in 2026. JPMorgan believes that if the CPI data is hawkish, the Fed may adjust its strategy for the October and December meetings. The market has priced in a reduction of more than 1 percentage point over the next year, but rising inflation may affect the path.

3. The U.S. Department of Justice recovers 12 million USDT related to crypto fraud.

The U.S. Department of Justice announced the successful recovery of $12 million in Tether (USDT) related to a cryptocurrency fraud case. It is reported that federal prosecutors have filed a civil forfeiture lawsuit aimed at seizing the funds traceable to the fraudulent trading platform. The scam recruited victims through text messages and lured them into depositing funds into fake investment accounts. Decrypt reports that civil forfeiture is becoming an important legal tool in combating such scams and recovering funds for victims.

4. The White House confirms that Trump has legally dismissed Federal Reserve Board member Lisa Cook.

The White House statement said that President Trump has legally removed Federal Reserve board member Lisa Cook, but emphasized that this decision has not yet become final. Lisa Cook has participated in the formulation of several key policies during her tenure at the Federal Reserve, and this dismissal has attracted widespread attention from the market. It is currently unclear whether subsequent procedures will affect this decision. -Original text

5. U.S. Senators push for the passage of the cryptocurrency market structure bill within the year.

U.S. Senators Cynthia Lummis and Kirsten Gillibrand have stated that bipartisan efforts are ongoing to push for cryptocurrency market structure legislation, hoping to complete it by the end of the year. Previously, the Senate Banking Committee had set a target for the end of September, but progress has been delayed until October or even the end of the year. Gillibrand emphasized that Congress is currently facing negotiations over a fiscal cliff, and legislation should not have "artificial deadlines," noting that negotiations have not yet set a "red line"; Lummis stated that "it must be completed by the end of the year," describing the situation as being like "pregnant for four years." Democrats have proposed that the bill should include consumer protection, regulatory authority delineation, and ethical provisions, prohibiting the President, Vice President, and their families from profiting from cryptocurrency projects to prevent conflicts of interest. Gillibrand emphasized that the ethical perspective is crucial for industry trust, while Lummis believes that investment restrictions for officials should be legislated alongside other securities rather than solely targeting cryptocurrencies.

6. JPMorgan states that the adoption of cryptocurrencies by institutions is still in its early stages.

Institutions hold about 25% of Bitcoin ETPs, a survey shows that 85% of companies have allocated digital assets or plan to allocate them by 2025. -Original

7. The Parliament of Kyrgyzstan has approved the establishment of a strategic Bitcoin reserve.

According to The Bitcoin Historian, the Kyrgyzstan parliament has approved a bill aimed at establishing a strategic Bitcoin reserve. - Original text

8. The American credit union launches the first stablecoin, Cloud Dollar.

St. Cloud Financial Credit Union in Minnesota, USA, announced the launch of the stablecoin Cloud Dollar (CLDUSD). This stablecoin was jointly developed by Metallicus and DaLandCUSO and will be integrated into the credit union's banking system to provide members with instant, low-cost transaction services. -Original text

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