[The Smarter Web Company Raises $5 Million to Increase Bitcoin Holdings] On August 26, UK-listed company The Smarter Web Company raised £3.7 million (approximately $5 million), planning to use the funds to increase its Bitcoin holdings.

[MIT Graduate Brothers Involved in Crypto Theft Case, Request to Exclude Google Search Records as Evidence] Two MIT graduate brothers, Anton and James Peraire-Bueno, have filed a motion in Manhattan federal court in New York to exclude their Google search records as evidence in a case where they are accused of exploiting blockchain vulnerabilities to steal $25 million worth of crypto assets. Prosecutors aim to use their searches for terms like 'top crypto lawyers' and 'wire fraud statute of limitations' to establish criminal intent. However, the defense argues that these searches occurred during legal consultations and are protected under attorney-client privilege. This case is the first criminal case involving MEV-boost blockchain vulnerabilities. If convicted, the brothers could face up to 20 years in prison for each charge. U.S. District Judge Jessica G.L. Clarke will decide whether these search records can be admitted as evidence.

Recovery attempts late in the session brought the token back above $2.90, but the market remains split on whether upside momentum can sustain.

[Morgan Stanley Predicts Two Fed Rate Cuts This Year] Morgan Stanley expects the Federal Reserve to cut interest rates by 25 basis points in both September and December this year, revising its earlier forecast that no rate cuts would occur before 2025.

On August 26, former Merrill Lynch Australia Chief Economist Saul Eslake stated that the dismissal of Federal Reserve Governor Lisa Cook marks an escalation of White House intervention. He pointed out that the Federal Reserve's independence is key to maintaining U.S. Treasury bonds and the dollar's safe-haven status, and the current comprehensive attack could have negative consequences.