According to Coinbase, Coinbase is responding to the crypto winter by launching new products to reduce its reliance on transaction fees. During Tuesday's system update event, Coinbase showcased several new products covering derivatives, tokenized stocks, stablecoin payments, lending, and artificial intelligence. Analysts believe these new products indicate that Coinbase is steadily transforming into a broader financial platform with revenue streams extending beyond Bitcoin price cycles. Analysts point out that Coinbase's product expansion is an effort to reduce its dependence on crypto trading activity. While analysts generally believe these new products will not have a significant impact on financial results in the short term, they see it as a sign that Coinbase is broadening its revenue base and creating new growth avenues.

According to CoinWorld, Federal Reserve Chairman Warsh stated at a press conference that the Fed "still has some work to do" in curbing inflation, without providing forward guidance. He mentioned that he had heard statements from FOMC members saying they "still have some work to do in maintaining price stability." Regarding the impact of artificial intelligence, Warsh said this new technology may be the most significant economic transformation he has experienced since adulthood, presenting both opportunities and risks. He pointed out, "If we do our job well, we can achieve strong economic growth, low prices, and strong employment all at the same time."

In the past hour, total liquidations across the network reached $14.82 million, with $5.59 million from long positions, with $9.23 million from short positions. BTC liquidation $9.11 million, ETH liquidation $13.25 million.

According to CoinWorld, the Federal Reserve decided to maintain its benchmark interest rate at 3.50% to 3.75% at its latest meeting, marking the fourth consecutive meeting with unchanged rates. Fed Chairman Kevin Warsh's first post-meeting press conference was highly anticipated, with investors hoping to glean clues about inflation risks. Despite the unchanged interest rate, inflation remained a central topic of policy discussion, with Citadel Securities warning that inflation could become deeply entrenched in the economy. The firm noted that supportive financial conditions, labor market resilience, supply chain disruptions, and rising investment related to artificial intelligence could keep inflation high. Citadel predicts three potential rate hikes in the future, in September, December 2026, and March 2027. Bitcoin fell 0.6% in the past 24 hours, currently trading at approximately $65,430, while Ethereum fell 1.4%, to approximately $1,770.

Odaily Planet Daily reports: Federal Reserve Chairman Warsh stated that he cannot provide any forward guidance on the next steps, as we have abandoned forward guidance, and his personal submission of the dot plot would not help policy implementation. (Jinshi)