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Citigroup CEO Jane Fraser stated that although she remains concerned about how the CLARITY Act handles the rewards mechanism for stablecoins, overall, she hopes the bill will pass and believes it will benefit the financial system. Fraser indicated that Citigroup is still pushing for improvements to the bill.Fraser pointed out that if stablecoin platforms can offer rewards for user deposits, it may lead to a loss of deposits in traditional banks, thereby weakening banks' ability to provide loans and credit services in certain regions of the United States. Currently, the bill stipulates that platforms cannot offer rewards solely for users holding stablecoins, but they can provide rewards for trading and payment activities. This issue remains at the core of the controversy between the banking industry and the cryptocurrency sector as the bill progresses.

According to an exclusive report from "Du Jia," Xiaohongshu is developing a brand new "AI Shopping Guide" feature, which relies on a conversational interaction model to directly push product cards and attach order jump links in Q&A scenarios. This project is led by Daoxuan (Pan Boyuan). As of the time of publication, Xiaohongshu has not responded.Previously, Xiaohongshu launched an AI summary feature in store reputation, and this AI shopping guide is a further extension of its intelligent transaction chain. According to public data, Xiaohongshu has approximately 400 million global MAU, with 39 million users engaging in explicit purchasing behavior daily, resulting in 140 million active purchase requests, over 47 million users entering merchant live streams, and more than 170,000 merchant group chats remaining active. During the 618 period, the GMV of store broadcasts increased by 265% year-on-year, and note content drove transaction growth of over 210%.Xiaohongshu currently adopts a dual transaction model of "internal marketplace closed loop plus external traffic diversion," and there is still room for improvement in the direct order conversion rate within the platform. The launch of the AI shopping guide feature is expected to further enhance its internal e-commerce GMV and revenue.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: Sentinels vs Shopify Rebellion - LCS Regular Season," the "Yes" option for the sub-market "Both teams kill a dragon" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

According to CoinDesk, U.S. Senate Majority Leader John Thune officially submitted a procedural motion for the Clarity Act after an all-night voting session on Saturday morning, initiating the first procedural voting process for the bill in the Senate. This move makes it possible for the Clarity Act to enter procedural voting immediately after the September recess, but the bill has already missed the voting window before the August recess, and passing in September still faces challenges.The Clarity Act requires at least 60 votes in support, and currently needs the backing of at least 10 Democratic senators, but there are still disagreements over the ethical clause that prohibits senior government officials (including President Trump) from participating in cryptocurrency projects. Bipartisan senators have submitted a revised proposal to the White House, but it has been on hold for at least a week without a response. Additionally, controversies surrounding illegal financial protections and stablecoin earnings remain unresolved. If the procedural vote fails in September, the chances of the Clarity Act passing this year will be extremely slim, and the new Congress in 2027 will need to reintroduce the legislation.

According to Gate market data, Shopify's pre-market gain in US stocks has expanded to 20%.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: LYON vs Shopify Rebellion - LCS Regular Season," the "LYON" option in the sub-market "First Kill of the Second Game" has experienced significant fluctuations in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

Rob Nichols, the President of the American Bankers Association, stated in an interview that the banking industry's lobbying group hopes for the passage of the CLARITY Act, but issues surrounding stablecoins still need to be resolved.The bill is about 600 pages long, and the banking industry only suggests making minor and precise modifications to two sections to prevent stablecoins from replacing bank deposits. They are referred to as payment stablecoins for a reason, not deposit stablecoins. However, he does believe that the cryptocurrency industry and the banking industry can coexist.

In response to the shutdown of BitMEX, BitMart, and rumors of several CEXs facing shutdowns, Zhao Changpeng stated, "It's too cruel, I hope this is a bottom signal."

According to Jinshi, Federal Reserve Chairman Waller stated that it is no secret that he hopes to reduce the size of the Federal Reserve's balance sheet.In the first four weeks of his tenure at the Federal Reserve, there has been no change in the view on the balance sheet.He hopes that interest rate policy will become a key policy tool.

Binance founder CZ recently accepted an interview with CoinDesk, sharing his views on multiple topics. CZ attributes the 2026 crypto bear market to a combination of three factors: the shift of funds to the AI sector, geopolitical tensions, and the four-year cycle pattern.Regarding the strategy for Binance.US, CZ expressed a desire for the platform to access the liquidity of Binance Global to strengthen its competitiveness in the U.S. market. He also revealed that although his previous trip to Washington, D.C. was to clarify misunderstandings about himself and Binance, he believes that the violation of the Bank Secrecy Act has not harmed his business reputation. CZ clearly stated that he will not take the helm of a crypto trading platform again and prefers to participate in the operations of his investment companies in an informal advisory capacity.In terms of crypto regulatory legislation, negotiations on the U.S. "Clarity Act" are still ongoing, but core ethical clause disagreements remain unresolved, and any agreement requires the president's signature. The Senate has only 20 working days left before September 1, and the legislative window continues to narrow.

According to the Financial Times, Apple is lobbying the Trump administration for approval to purchase memory chips from Chinese chipmaker Changxin Storage. Due to multiple factors leading to a rise in memory prices, Apple unusually raised the prices of MacBook and iPad on Thursday, resulting in a market value loss of $263 billion. Apple hopes to alleviate the financial pressure from suppliers by including Changxin Storage in its list of memory suppliers.Changxin Storage and Yangtze Memory Technologies have currently been placed on the U.S. Department of Defense's blacklist of Chinese military companies (the 1260H list). The U.S. Department of Commerce had planned to add Changxin Storage to the entity list last year, but the White House postponed the plan due to ongoing trade negotiations with China at that time. Currently, aside from Chinese companies, the global memory chip industry is mainly dominated by three companies: U.S.-based Micron, and South Korea's Samsung and SK Hynix.

According to Jinshi reports, Federal Reserve's Goolsbee stated that there are some hopeful signs of inflation in the service industry.

The globally leading digital asset trading platform Gate collaborates with the University of Wollongong in Dubai to host an online Web3 workshop. Through industry sharing, career development exchanges, and simulated trading practices, the workshop provides students with an open course focused on the cutting-edge developments in blockchain and the digital economy.During the event, the Gate team shared insights on topics such as the basics of blockchain, the integration trends of AI and blockchain, industry talent demands, and career development paths. They also introduced the current state and future opportunities of the digital asset industry in conjunction with real business scenarios. In the interactive exchange session, students actively asked questions about industry trends, innovations in digital payments, and career planning, receiving a positive response from the audience. In the simulated trading competition, students experienced the operational mechanisms of the digital asset market through practical exercises, combining classroom knowledge with real-world operations.This collaboration not only provides students with opportunities to engage with cutting-edge technology and industry practices but also further promotes the communication and connection between higher education and industry demands. As a leading platform in the industry, Gate continues to foster communication and collaboration between academia and industry. Its founder and CEO, Dr. Han, has also been invited multiple times to visit campuses to share insights on blockchain, industry innovation, and trends in the digital economy. By deepening the integration of industry and education practices, Gate is injecting more youthful energy into the long-term innovative development of Web3 and the digital economy.

According to Jinshi, U.S. President Trump stated that he hopes to see lower interest rates.

According to Jinshi reports, Federal Reserve's Musalem stated on Thursday that, like several Federal Reserve decision-makers last month, he believes the phrase "accommodative stance" should be removed from the post-meeting statement to create the possibility for interest rate hikes. He supports this interest rate decision and believes that the accommodative stance no longer aligns with the economic outlook and risk balance.

According to the Hunan Daily, on February 9 at around 8 PM, the public security agency in Baojing, Hunan Province, China, received a report from a victim, Mr. Liu, from another province who had been scammed. He claimed that he was defrauded while purchasing virtual currency USDT online, with a total loss of 100,000 yuan. After receiving the report, the Baojing County Public Security Bureau dispatched a team of elite officers to form a special investigation group and began investigating the case overnight.The investigating officers used various investigative methods to ultimately identify the suspect as Shi. Upon investigation, it was found that the suspect Shi had no fixed income and did not possess qualifications for virtual currency trading. To defraud others, he collected screenshots of others trading coins online, forged false profit records, and impersonated a senior "coin dealer" to gain their trust. Victim Mr. Liu believed him and transferred 100,000 yuan to the account designated by Shi. After receiving the payment, Shi did not deliver the virtual currency; instead, he used part of the funds for gambling and squandered the rest, splitting and hiding the remaining funds.The investigating officers quickly identified Shi's identity and activities by accurately analyzing the flow of funds and comprehensively securing evidence related to the case. They decisively acted on the night of the report and successfully apprehended Shi. The next day, the case was officially filed for investigation. After solving the case, the police consistently adhered to the principle of "solving the case and recovering losses equally," patiently conducted legal policy education, and actively mobilized the suspect's family to cooperate in the restitution, ultimately recovering the full amount of 100,000 yuan involved in the case. On the morning of May 14, the 100,000 yuan of fraudulently obtained funds was fully returned to victim Mr. Liu. Currently, the suspect Shi has been subjected to criminal coercive measures for suspected fraud, and the case is under further investigation.

Musk stated that he hopes to advance SpaceX's initial public offering (IPO) "soon." SpaceX may achieve complete rapid reusability of rockets this year, which is crucial for the survival of life beyond Earth.

According to Jin Shi reports, Federal Reserve official Collins stated that he hopes the economy will allow for more interest rate cuts later this year.