Today's News Focus:

1️⃣ Tether appoints former White House Crypto Council Executive Director Bo Hines as a strategic advisor, the white glove has arrived.

2️⃣ Polymarket predicts a 71% chance of a Federal Reserve rate cut in September, small stablecoin companies really need to be careful.

3️⃣ The Governor of the Bank of Korea suggests gradually introducing a won stablecoin starting from banks, being quite cautious.