AiCoin Daily Report (July 30)

1. The Federal Reserve Board of Governors was absent from the interest rate meeting due to personal reasons, and the voting committee temporarily decreased to 11 members.

According to foreign media, the Fed stated that The Federal Reserve Board of Governors member Cooke is absent from this week's two-day July policy meeting due to personal reasons. This may mean that only 11 FOMC members will vote on this week's policy decision, rather than the usual 12. Although it is expected that Fed governors Waller and Bowman may become the two dissenters, supporting a rate cut this month, the committee should still support maintaining the interest rate unchanged by an absolute majority. According to Fed policy, if a regional Fed president is absent from voting, other presidents can participate as substitutes. However, there are no substitutes for board seats.

2. The China-U.S. trade talks promote the extension of tariffs and deepen economic and trade relations.

On July 30, Li Chenggang, the International Trade Representative and Deputy Minister of the Ministry of Commerce of China, stated on the 29th that in the past day and a half, the economic and trade teams of China and the United States have continued to utilize the China-U.S. economic and trade consultation mechanism to engage in in-depth, candid, and constructive exchanges on significant issues of mutual concern, based on the consensus reached during the phone call between the two heads of state on June 5. According to the consensus between the two sides, they will continue to promote the extension of the 24% portion of reciprocal tariffs that the U.S. has suspended, as well as the countermeasures from China.

3. The U.S. Securities and Exchange Commission has approved the physical redemption of spot Bitcoin and Ethereum ETFs.

The decision allows authorized participants to create and redeem ETF shares directly using BTC or ETH, without the need to use cash. -Original text

4. Trump threatens to impose tariffs on Russia to force a ceasefire agreement between Ukraine and Russia.

U.S. President Trump stated that starting today, Russia will be given 10 days to reach an agreement with Ukraine, or else tariffs will be imposed on Russia. The tariffs may or may not affect Russia. If sanctions are imposed on Russia, I am not worried about the oil issue, as current oil prices are quite low. The U.S. has so much oil; we will only increase production further. -Original text

5. JPMorgan bets on Robinhood's cryptocurrency expansion, target price doubles.

Analysts say that Robinhood's expansion into cryptocurrencies and the launch of tokenized stocks in the EU will stimulate long-term valuation increases. -Original

6. Strategy to repurchase 21,021 BTC, bringing the total holdings to 628,791 BTC.

Bitcoin treasury company Strategy, led by Michael Saylor, announced the purchase of an additional 21,021 bitcoins at an average purchase price of approximately $117,300, bringing its total holdings to 628,791 coins, valued at about $74 billion at current market prices. The funds for this purchase came from Strategy's fourth round of "Stretch" preferred stock (STRC) issuance, priced at $90 per share, raising approximately $2.521 billion, making it the largest IPO in the U.S. to date in 2025 and the largest perpetual preferred stock issuance in the U.S. stock market since 2009.

7. U.S. Senator Lummis has introduced a bill to include crypto assets in mortgage assessments.

U.S. Senator Cynthia Lummis has introduced a mortgage reform bill aimed at incorporating crypto assets into the eligibility assessment for home loans. -Original text

8. Algeria has completely banned cryptocurrency activities, and violators may face imprisonment.

Algeria has officially banned all activities related to cryptocurrencies through a revised bill, covering all aspects from holding, trading, mining to promotion and advertising. The Bill No. 25-10, issued on July 24, explicitly prohibits the issuance, sale, purchase, holding, use, and promotion of all crypto assets including Bitcoin and USDT. The bill also lists mining activities, the use of digital wallets, and the operation of cryptocurrency exchanges as criminal offenses. This legislation aims to strengthen the financial system's defenses against crime and terrorism, align with international standards, implement the Financial Action Task Force guidelines, and address the popularity of cryptocurrencies among youth and offline miners in the southern region. Based on anti-money laundering and counter-terrorism financing laws, the use of cryptocurrencies is classified as financial crime, and crypto assets are uniformly categorized, regardless of their purpose. Violators will face imprisonment from 2 months to 1 year, along with fines ranging from 200,000 to 1,000,000 dinars, with harsher penalties for those related to organized crime.

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