A Reuters photo shows a "to-do" list in U.S. Treasury Secretary Bessenter's notebook during a cabinet meeting at Camp David on Friday, which reads "Buy $5-10 billion in yen." The photo was taken during a media-open session at 11:33 AM ET (11:33 PM Beijing time). Bessenter's nameplate is clearly visible above the notebook. A Treasury spokesperson did not respond to requests for comment regarding the notebook's contents or whether intervention was taken on Friday. According to the Financial Times, the U.S. Treasury intervened in the yen's exchange rate on Friday, marking the first time in nearly 30 years that the U.S. and Japan have jointly supported the yen through direct purchases. Three sources familiar with the matter revealed that the New York Federal Reserve, on behalf of the Treasury, carried out an unusual operation—selling euros to buy yen. Two sources said the transaction was conducted through Goldman Sachs and Morgan Stanley. The U.S. Treasury had informed several Wall Street banks of its consideration of intervening in the yen before the action. The last time the U.S. Treasury intervened in the yen was in 2011, but at that time the focus was on selling yen. (Jinshi)

A new state law in Minnesota banning cryptocurrency ATMs will take effect on August 1st. These ATMs must be taken offline by August 1st and physically removed from stores by the end of the year. At the time the bill passes, there are approximately 350 licensed cryptocurrency ATMs statewide, operated by eight companies. The state Department of Commerce stated that it investigated 134 complaints involving cryptocurrency ATMs between 2023 and 2025, resulting in nearly $1 million in losses for Minnesota residents. Law enforcement noted that these transactions often flow overseas and are difficult to trace. Even after the ban takes effect, residents can still conduct cryptocurrency transactions through regulated online platforms.

Odaily Planet Daily reports that a new state law banning cryptocurrency ATMs in Minnesota will officially take effect on August 1st. According to the law, all cryptocurrency ATMs in the state must cease operation by August 1st and be physically removed from stores and other locations by the end of the year. At the time the bill passed, Minnesota had approximately 350 licensed cryptocurrency ATMs operated by eight companies. The Minnesota Department of Commerce stated that between 2023 and 2025, regulators investigated 134 complaints involving cryptocurrency ATMs, resulting in residents losing nearly $1 million. Law enforcement stated that funds from such transactions typically flow overseas, making them difficult to trace. After the ban takes effect, residents can still conduct cryptocurrency transactions through regulated online platforms. (CBS News)

Odaily Planet Daily reported on August 1st that trade.xyz announced the completion of compensation distribution for the SK Hynix contract pricing anomaly on July 27th. Users received their corresponding USDC compensation without any additional action. The announcement stated that the compensation amount was calculated based on a reference price of $1115.5 USD. Users with less than 10,000 USDC received full compensation; those exceeding this amount received 9,999 USDC initially, and users needed to contact support before August 15th to complete due diligence before receiving the remaining compensation. At 23:01 UTC on July 27th, the price of the SK Hynix token on trade.xyz briefly dropped from $1127.9 to $917.25, triggering forced liquidation of numerous long positions.