1. Atlanta Fed Raises US Q3 GDP Growth Forecast to 3.5%
The Atlanta Fed's GDPNow model has raised its forecast for US third-quarter GDP growth from 2.2% to 3.5%. -Original
2. Fed Finalizes New Capital Requirements for Major Banks, Morgan Stanley Requests Review
The Federal Reserve has announced the finalization of new capital requirements for major US banks, effective October 1. Morgan Stanley has requested a reassessment of its capital level, and the Fed will decide by the end of September whether to make adjustments. In addition, the Fed is reviewing a proposal that may average future stress test results over two years. -Original
3. Institutions Bought 690,000 BTC This Year, Demand Six Times Supply
According to a chart released by Bitcoin Archive, institutions have purchased 690,710 bitcoin (BTC) this year, while only 109,072 bitcoin (BTC) were mined during the same period—data source: Bitwise. This means demand is six times the supply. -Original
4. South Korean Police Bust Transnational Hacking Gang, Involved Amount Reaches $28.1 Million
Seoul police in South Korea have recently dismantled a transnational hacking gang, arresting 16 suspects. The group infiltrated government and financial institution websites to steal personal information of wealthy individuals, used forged phone numbers to bypass security systems, and stole funds from bank and crypto accounts, with the total amount involved reaching $28.1 million. Although the gang obtained data on 258 prominent individuals—including 28 crypto investors, 75 corporate executives, 12 celebrities, and 6 athletes—the actual theft targeted only 26 people, whose total account balances reached $39.8 billion (55.22 trillion KRW). Among them, 16 victims had their crypto stolen, with the largest single loss amounting to $15.4 million (2.13 billion KRW). In addition, financial institutions successfully intercepted 10 attempted thefts totaling $18 million. BTS member Jungkook's Hybe Entertainment stock account was subject to a $6.1 million attempted theft, which was thwarted by abnormal bank monitoring and brokerage intervention. Police have frozen and returned $9.2 million in stolen funds. -Original
5. US Appeals Court Rules Most of Trump’s Tariff Policies Illegal
According to CCTV News, on August 29 local time, a US appeals court ruled that most of the global tariff policies implemented by President Trump were illegal, stating that Trump exceeded his authority in imposing these tariffs. -Original
6. Ethereum Foundation Optimizes Ecosystem Support Program, Suspends Public Grant Applications
The Ethereum Foundation has announced it will optimize the focus areas and implementation paths of its Ecosystem Support Program (ESP) and has temporarily suspended public grant applications. This adjustment aims to redesign the grant model, shifting from passive response to proactive strategic deployment, while supporting other internal team priorities. The Foundation stated that although processes have been continuously optimized and efficiency improved over the past three years, the broad coverage and large volume of public grant applications have limited resource allocation, making it difficult to explore new strategic opportunities. In the future, the Foundation will continue to support Ethereum public goods and accept applications, but will adopt a new approach, with specific details to be disclosed in subsequent announcements. The optimized focus areas and implementation paths are expected to be announced in Q4 2025. -Original
7. Florida Retirement Fund Discloses $80 Million Allocation to MicroStrategy
According to market news from The Bitcoin Historian, the Florida Retirement Fund, which manages $205 billion in assets, has disclosed an $80 million allocation to MicroStrategy (stock code MSTR), marking another state-level fund's indirect exposure to bitcoin (BITCOIN). -Original
8. Japan’s Financial Services Agency to Establish New Crypto and Innovation Department in 2026
According to CoinDesk Japan, Japan’s Financial Services Agency (FSA) has released its budget, organizational, and personnel requirements for fiscal year 2026. The agency has proposed a major restructuring, including the establishment of a new "Crypto and Innovation Department," with a budget of 25 billion yen (an increase of 1.19 billion yen over the previous fiscal year), approximately $170 million. According to the published documents, the FSA has identified the need to leverage new digital technologies such as fintech, crypto trading, and artificial intelligence to strengthen its ability to respond to changes in financial services. Proposed measures include renaming and restructuring the existing "Comprehensive Policy Bureau" into the "Asset Management and Insurance Supervision Bureau" (tentative name), and establishing a "Crypto and Innovation Division" under the new bureau, upgrading the existing "Crypto and Innovation Advisory Office" to the "Crypto and Innovation Division." -Original
