According to a report by Barclays interest rate strategists, Federal Reserve Chairman Warsh is likely to advocate for reducing the Fed's use of forward guidance, as he believes it is a source of past policy mistakes. The strategists stated that Warsh may also offer insights into balance sheet policy at the Kansas City Fed's annual symposium in Jackson Hole from August 27-29. They expect Warsh to also emphasize long-term economic drivers, particularly productivity trends and their impact on potential growth. Warsh is unlikely to provide near-term policy guidance, but the market will seek more information on how the FOMC plans to bring inflation back to its 2% target. If inflation fails to improve, Warsh will likely reaffirm that interest rate hikes remain a possible option. (Jinshi)

According to Odaily Planet Daily, market data shows that the Hong Kong-listed Southern Securities 2x leveraged long position in Samsung Electronics fell by more than 18%, while the Hong Kong-listed Southern Securities SK Hynix daily leveraged position with a maximum of 2x fell by more than 5%.

Odaily Planet Daily reports that the Virtual Asset Regulatory Authority of Pakistan (PVARA) has opened its licensing portal. Businesses offering virtual asset services on or before March 5th must apply for a Certificate of No Objection (NOC) by September 5th, or they will be required to cease operations; continued operation after the deadline without submitting an application will constitute a violation. The new regulations cover services related to exchanges, custody, brokerage trading, lending, derivatives, asset management, token issuance, and mining. Service providers can apply for a NOC first, or enter the PVARA-regulated sandbox to test their products before applying for a full license. Licensed institutions must separate client assets from their own assets, may not lend or pledge them without written consent, and meet governance, market conduct, cybersecurity, operational resilience, and anti-money laundering and counter-terrorism financing requirements. PVARA has already issued NOCs to companies such as Binance and HTX. (Cointelegraph)

According to Odaily Planet Daily, investment manager and author of "The Big Print," Lawrence Lepard stated that even if the Clarity Act for Digital Asset Markets passes the Senate with 60 votes, stablecoin demand will not be sufficient to improve the current state of the US Treasury market. He pointed out that the current market capitalization of stablecoins is approximately $255 billion, primarily backed by US Treasury bonds purchased by Circle and Tether, down from $263 billion in January; the US Treasury needs to roll over more than $8 trillion in debt annually, with stablecoins covering only about 3%. By 2025, the proportion of US debt held by foreign entities has fallen to 32%, lower than the 57% after the financial crisis. Coinbase Chief Policy Officer Faryar Shirzad stated that dollar-denominated stablecoins could translate overseas demand for digital dollars into demand for US Treasury bonds. (Bitcoin.com News)