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Trump Installs "Crypto Ally" as Federal Reserve Transition Director, What's the Impact?
Trump Installs "Crypto Ally" as Federal Reserve Transition Director, What's the Impact?

Stephen Miran holds an Economics degree from Harvard University and has worked in the investment and policy space, including serving as a Senior Strategist at Hudson Bay, deeply involved in the post-FTX bankruptcy debt trading.

BlockBeats·2025/08/11 03:48
Flash
  • 16:32
    Gold breaks record again, price surpasses inflation-adjusted peak from 45 years ago
    Jinse Finance reported that the price of gold has surpassed its inflation-adjusted peak from more than 45 years ago. As concerns over the outlook of the US economy intensify, gold has continued its strong bull run over the past three years and entered uncharted territory. So far this month, spot gold prices have risen by about 5%, and on Tuesday, it hit a record high of $3,674.27. Since 2025, gold prices have set more than 30 nominal price records, and the latest rally has also broken through the inflation-adjusted high set on January 21, 1980—when gold reached $850 per ounce. Taking into account decades of consumer price increases, this price is equivalent to about $3,590—although there is more than one method for inflation adjustment, and some calculations yield a lower 1980 peak. However, analysts and investors agree that gold has now firmly surpassed this level, further consolidating its status as a time-tested tool for hedging against inflation and currency depreciation.
  • 16:32
    Galaxy purchases $326 million worth of SOL in Multicoin’s DAT Forward
    According to a report by Jinse Finance, Arkham monitoring shows that Galaxy Digital has just purchased SOL worth $326 million for Multicoin's SOL DAT (Forward Industries). Currently, Galaxy Digital still has $1.3 billion in cash and stablecoins available for purchases (including $354 million in stablecoins and up to $1 billion in cash).
  • 16:32
    IMF: Signs of Pressure Emerge in the US Economy as Demand Slows and Employment Cools
    Jinse Finance reported that the International Monetary Fund (IMF) stated that after years of resilience, the U.S. economy is now showing some signs of strain, with domestic demand slowing and job growth decelerating. IMF spokesperson Julie Kozack said on Thursday that inflation is moving toward the Federal Reserve's 2% target, but there are still some risks that could push inflation higher, mainly from tariffs imposed on imported goods by the Trump administration. She pointed out that the downward revision of U.S. employment data released earlier this week was "slightly larger than the historical average." IMF staff will assess these data and their revisions together with U.S. officials during the routine review of the U.S. economy in November.
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