In the past hour, total liquidations across the network reached $13.60 million, with $12.43 million from long positions, with $1.16 million from short positions. BTC liquidation $472,514.58, ETH liquidation $364,419.31.

Odaily Planet Daily reports that U.S. Representative Josh Gottheimer and eight co-sponsors have introduced a bipartisan bill requiring online sports betting platforms and prediction markets to verify users' ages before they log in, place bets, or trade. The bill, titled the Facial Recognition to Protect Children Act, applies to online gambling and prediction markets. Gottheimer's office stated that the technology will read facial structure and patterns to estimate a user's age, without storing identity or personal biometric information. The National Institute of Standards and Technology (NIST) classifies age estimation as facial analysis, not identity verification. NIST evaluated six age estimation algorithms, finding an average error of 3.1 years on the same visa photo database, with performance varying depending on image quality, age, gender, and place of birth. The full text and number of the bill have not yet been released, and the implementing agency, penalties, technical standards, and appeal mechanisms are still unclear.

According to Odaily Planet Daily, Sui posted on the X platform that gas-free stablecoin transfers are now available.

According to Odaily Planet Daily, Federal Reserve Chairman Schmid stated that while recent inflation data is encouraging, it is too early to draw conclusions. He emphasized the importance of focusing on inflation when formulating monetary policy and stressed the need to stop excluding food prices from core inflation indicators. He also acknowledged that inflation shocks are not inherently temporary and disagreed with the Fed's stance of ignoring certain types of price increases.

According to Odaily Planet Daily, Galaxy Research Director posted on the X platform that the court has scheduled a hearing for September 8th at 2:30 PM to consider Bitcoin Policy's request to intervene as a defendant and Digital Chamber as an amicus curiae in the Noah Doe case. The case involves Noah Doe's attempt to claim legal ownership of dormant coins, including those held by Satoshi Nakamoto.