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- 12:52Bloomberg: US Republican lawmakers seek investigation into Bitmain and Cango Inc.ChainCatcher news, according to Bloomberg, US Republican congressman Zachary Nunn has called on the federal government to review bitcoin mining hardware manufacturers Bitmain and Cango Inc., stating that the expanding operations of these two companies in the US may pose a national security risk. Nunn pointed out that Bitmain and Cango "appear to be expanding their business in the US through complex ownership structures and financing arrangements, while regulators and the public may not be fully aware of their transparency." In response, representatives from both Bitmain and Cango stated that they strictly comply with all US laws and have no association with any government or state-owned enterprises. Bitmain stated that it has noticed rumors regarding its alleged plan to acquire Cango, but "these rumors are completely untrue." The company also denied exploring direct ownership of US power plants and called the claims that its mining machines could impact infrastructure "groundless." Cango, on the other hand, said it would not comment on "market rumors" or potential merger and acquisition transactions.
- 12:34Market News: Figure plans to increase its IPO size, proposing to raise shares from 26 million to 31.5 millionChainCatcher news, according to Golden Ten Data, sources say that stablecoin issuer Figure plans to increase the size of its IPO, intending to raise the number of shares from 26 million to 31.5 million, and the IPO price range has been raised from $18–$20 to $20–$22.
- 12:34Kudotrade analyst: Lower inflation data will suppress the U.S. Treasury yield curveAccording to ChainCatcher, citing Golden Ten Data, Kudotrade analyst Konstantinos Krysikos stated that U.S. Treasury investors are pricing in expectations of multiple interest rate cuts in the coming months. If the upcoming inflation data unexpectedly declines, the yield curve will face the risk of further downward movement. He pointed out that the August PPI to be released this Wednesday and the CPI to be released on Thursday will have a key impact on short-term market sentiment. Even if the data is stronger than expected, it is unlikely to change the overall dovish policy direction.