Bitcoin Remains Under Pressure as Gold Quietly Targets New Record High

[South Korea's Opposition Party Pushes for Legal Framework on KRW Stablecoins] According to reports from Jinse Finance, South Korea's opposition party, the People Power Party (PPP), has prioritized a bill to establish a legal framework for KRW-denominated stablecoins as the top legislative agenda for the September parliamentary session. The legislation aims to provide legal guidelines for the issuance and circulation of stablecoins pegged to the Korean won, potentially fostering the development of South Korea's crypto market under a more regulated environment.

BBX News: On August 29, 2025, global listed companies showed a significant trend of diversification in their cryptocurrency asset allocation yesterday -The birth of the SOL whale: DeFi Development swept 407247 SOLs in a single day, with a total holdings of 1.83 million (approximately $371 million), making it one of the largest SOL institutional holders. -LINK receives first support: The Nasdaq company Caliber's board of directors has approved the establishment of a digital asset treasury and announced special support for the Chainlink (LINK) token, becoming the first publicly traded company to explicitly allocate LINK. -BTC continues to flow in: Companies such as LiveOne and Smarter Web in the UK continue to increase their holdings of BTC, while CIMG Inc. plans to raise $55 million to specifically purchase 500 BTC. The investment scale disclosed in a single day exceeded 400 million US dollars, and the asset class accelerated its expansion. Source: bbx.com

[CME Data Shows 86.2% Probability of Fed Rate Cut in September] According to CME's 'FedWatch' tool, there is an 86.2% probability that the Federal Reserve will cut interest rates by 25 basis points at the September meeting, while the probability of maintaining the current rate level is 13.8%.

[X Company Under Musk Accused of Antitrust Behavior] On August 29, software company Eliza Labs filed a lawsuit against X Company under Musk, accusing it of abusing its market dominance to obtain key technical information and launching a similar AI product after suspending Eliza's account. Eliza claims that X forced developers to pay high licensing fees, harming its customer relationships and restricting growth. The case has been filed in federal court in San Francisco, and neither party has responded to requests for comment.

[Federal Reserve Governor Waller Supports a 25 Basis Point Rate Cut in September] Federal Reserve Governor Waller expressed support for a 25 basis point rate cut at the September meeting and anticipates the possibility of further rate cuts in the next 3 to 6 months. He believes that unless the August employment report shows significant economic weakness and controlled inflation, a larger rate cut is unnecessary.