Wu Blockchain daily selected crypto news + macro indicators of the week

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1. Zhao Yin International Announces Launch of Virtual Asset Trading Service, Supporting BTC, ETH, USDT

Zhao Yin International Securities announced that its mobile application has officially launched virtual asset trading functionality, supporting BTC, ETH, and USDT for 7×24 hour trading. This service is available to qualified investors who have completed KYC and AML certification.

2. Renmin University Law School Opens Advanced Training Course on Virtual Currency Disposal and Stablecoins, RWA Legal Practice

Renmin University Law School released the enrollment brochure for an advanced training course (2025) on seized virtual currency disposal, stablecoins, and RWA frontier legal practices, stating that it will systematically analyze the legal attributes, regulatory framework, disposal procedures, compliance procedures, and investment opportunities of digital assets.

3. Strategy Adds 430 Bitcoins, Total Holdings Exceed 629,376 BTC

Strategy purchased 430 bitcoins between August 11 and August 17, with an average purchase price of $119,666, totaling $51.4 million. As of August 17, 2025, Strategy holds 629,376 BTC, with a total investment of approximately $46.15 billion, at an average purchase price of $73,320.

4. LayerZero Foundation's Stargate Acquisition Proposal Begins Voting, Currently at 97.09% Approval

The LayerZero Foundation's proposal to acquire Stargate has begun voting, with current support at 97.09%, with voting to end on August 24. Previously, the LayerZero Foundation proposed an acquisition of approximately $110 million to the Stargate DAO, intending to acquire the Stargate cross-chain bridge and its STG token, planning to dissolve the Stargate DAO and exchange STG for LayerZero's native token ZRO at a rate of 1 STG to 0.08634 ZRO.

5. North Korean Hacker Group Lazarus Accused of Stealing Over $20 Million in Crypto Assets from UK Platform Lykke

UK-registered crypto trading platform Lykke was hacked last year, losing approximately $22.8 million in Bitcoin, Ethereum, and other assets. The Office of Financial Sanctions Implementation (OFSI) under the UK Treasury recently released a report stating that the attack was carried out by the North Korean hacker group Lazarus. The company was liquidated in March this year, with founder Richard Olsen declared bankrupt and currently under criminal investigation by Swiss authorities.

6. Wu Blockchain's Weekly Macro Indicators and Analysis: Federal Reserve Meeting Minutes, US-Russia-Ukraine Trilateral Talks, Jackson Hole Global Central Bank Annual Conference

Summary

Although the US July CPI year-on-year rate was lower than expected, the core CPI rose to its highest level since February, and the July PPI year-on-year rate significantly exceeded market expectations. The market generally expects the Federal Reserve to cut rates by 25 BP in September; this week will focus on the Federal Reserve meeting minutes, Jackson Hole Global Central Bank Annual Conference, and US-Russia-Ukraine trilateral talks.

Last Week Review

  • US July seasonally adjusted CPI month-on-month rate was 0.2%, expected 0.20%, previous value 0.30%; July unadjusted CPI year-on-year rate 2.7%, expected 2.8%, previous value 2.7%. July unadjusted core CPI year-on-year rate further increased to 3.1%, a five-month high, higher than the market expectation of 3.0%.

  • US July PPI year-on-year rate 3.3%, expected 2.5%, previous value revised from 2.30% to 2.4%. Significantly exceeding market expectations of 2.5%, the highest since February. US July PPI month-on-month rate was 0.9%, the largest increase since June 2022.

  • China's July M2 money supply year-on-year rate 8.8%, expected 8.3%.

  • 2025 FOMC voter, Chicago Fed President Goolsbee stated he wants to review more economic data before deciding on rate cuts.

  • 2027 FOMC voter, Atlanta Fed President Bostic said he still believes one rate cut in 2025 is appropriate if the labor market remains stable.

  • US initial jobless claims for the week ending August 9 were 224,000, expected 228,000, previous value revised from 226,000 to 227,000.

Key Events & Indicators This Week

August 18

  • US-Russia-Ukraine Trilateral Talks

August 20

  • New Zealand Central Bank Interest Rate Decision (10:00)

August 21

  • Federal Reserve Monetary Policy Meeting Minutes Released (02:00)

  • 2027 FOMC Voter, Atlanta Fed President Bostic Speaks on Economic Outlook (03:00)

  • US Initial Jobless Claims for the Week Ending August 16 (20:30)

  • Jackson Hole Global Central Bank Annual Conference, until August 23

August 22

  • Powell to Speak at Jackson Hole Global Central Bank Annual Conference (22:00)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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