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On August 25, according to BIT (Bit.com) market data, US stocks saw a slight increase during Tuesday's trading session, with US Treasury yields declining for the second consecutive day, driven by gains in chip stocks that boosted the Nasdaq index. The S&P 500 rose by 0.2%, the Nasdaq Composite increased by 0.5%, while the Dow Jones index remained largely unchanged. US Treasury yields continued to fall, with the yield on the 10-year Treasury note dropping to 4.658%. Earlier reports indicated that the US Treasury may utilize approximately $1 trillion from its general account for bond repurchases, contributing to the decline in long-term Treasury yields. Chip stocks were a highlight of the market, with Nvidia rising over 1%, AMD and Micron both increasing by about 3%, and Intel up more than 2%. The market is awaiting Nvidia's earnings report, which is set to be released after the market closes on Wednesday, with a focus on the AI and semiconductor sectors. Consumer stocks, however, faced pressure, with Dick's Sporting Goods plunging over 27% due to disappointing earnings, significantly increasing the likelihood of a record single-day drop; Walmart fell about 1%, and Target decreased by approximately 3%. Additionally, investors are looking forward to the release of the US Personal Consumption Expenditures (PCE) price index for July on Wednesday. Recent declines in oil prices have also alleviated some inflation concerns, with international oil prices dropping over 3% on Tuesday. Another major market variable this week is Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole annual meeting on Friday, where the market will closely monitor his latest statements on monetary policy and interest rate outlook.

On August 25, the U.S. Department of Justice announced that a federal jury in San Francisco found Japheth Dillman, the founder of cryptocurrency fund Block Bits Capital, guilty of wire fraud and conspiracy. Prosecutors alleged that from June 2017 to August 2018, Dillman raised nearly one million dollars from over 20 investors, claiming that the fund generated profits through a proprietary trading software called 'Autotrader.' However, he was aware that the software was incomplete and could not operate properly. Subsequently, Dillman and an accomplice used the investment funds for personal expenses and high-risk cryptocurrency investments, and after significant losses in these investments, he continued to falsely inform investors that the fund had achieved substantial returns. Dillman is currently released on bail and is scheduled for sentencing on December 8, facing up to 20 years in prison and a $250,000 fine for each count.

On August 25, the U.S. Department of Justice announced that a federal jury in San Francisco found Japheth Dillman, the founder of cryptocurrency fund Block Bits Capital, guilty of wire fraud and conspiracy. Prosecutors alleged that from June 2017 to August 2018, Dillman raised nearly $1 million from over 20 investors, claiming that the fund was generating profits through its proprietary trading software 'Autotrader.' However, he knew that the software was incomplete and could not operate properly. Subsequently, Dillman and an accomplice used the investment funds for personal expenses and high-risk cryptocurrency project investments. Even after these investments suffered significant losses, Dillman continued to falsely assure investors that the fund was achieving substantial returns. Dillman is currently out on bail and is set to be sentenced on December 8, facing a maximum of 20 years in prison and a $250,000 fine for each count.