Some financial news released on August 13, 2025:

- Ethereum price breaks through $4600: According to Interface News, Ethereum has risen over 3% during the day, breaking through $4600, marking the first time since December 2021.
- Trump-nominated Federal Reserve Board members support interest rate cuts: According to Wall Street insights, Stephen Miran, a Federal Reserve Board member nominated by Trump, and former St. Louis Fed President James Bullard stated that tariffs will not trigger inflation, which aligns with Trump's desire for interest rate cuts. Bullard expects the Federal Open Market Committee to begin cutting rates in September, with a cumulative reduction of one percentage point over the next 12 months.
- The issuance scale of science and technology innovation bonds exceeds 800 billion yuan: According to Sina News, since the announcement jointly issued by the People's Bank of China and the China Securities Regulatory Commission on May 7 to support the issuance of science and technology innovation bonds, the issuance scale has exceeded 800 billion yuan in just over three months. Its hot issuance reflects the market demand in four aspects, including the macro demand of the national science and technology innovation strategy and the urgent financing needs of science and technology innovation enterprises.
- Bank stocks continue to hit historical highs: According to Dongfang Caifu, on August 12, bank stocks continued to surge, with Agricultural Bank rising by 1.63%, once again setting a historical high, and its A-share market capitalization reaching 2.19 trillion yuan, once again claiming the title of the A-share market capitalization champion. Since the beginning of this year, bank stocks have shown strong performance, with all 42 listed A-share banks experiencing price increases.
- "The first stock of stablecoins" Circle sees significant revenue growth in Q2: According to a report from Toutiao, the American "first stock of stablecoins" Circle released its first financial report since going public before the U.S. stock market opened on August 12. The report shows that its total revenue in Q2 increased by 53% year-on-year, reaching $658 million, with the circulating supply of USDC at the end of the quarter being $61.3 billion, a staggering increase of 90% year-on-year. Following the data release, Circle's stock price surged nearly 8% in pre-market trading.