As the US Senate Banking Committee approaches a crucial vote on the cryptocurrency bill, the controversy surrounding stablecoin rewards is becoming increasingly intense. （Decrypt）

[U.S. Stock Market Close: Dow Drops Nearly 1%, Intel Rises Over 6%] U.S. stocks closed on Wednesday, with the Dow down 0.94%, the S&P 500 index down 0.34%, and the Nasdaq up 0.16%. NVIDIA rose 1%, Intel rose 6.4%, and TSMC fell 2.6%. The Nasdaq Golden Dragon China Index dropped 1.58%, Alibaba fell 2.7%, and iQIYI rose 5.4%.

The Senate Agriculture Committee has previously released a discussion draft of its market structure legislation.

The S&P 500 futures price reached a historic high of 7000 points for the first time. （Cointelegraph）

IDX, an investment advisor managing $100 million in assets, stated that Bitcoin is attracting investors as a tool to combat currency depreciation. （The Bitcoin Historian）