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Senator Lummis announces support for the GENIUS Act to regulate the stablecoin market

2025-05-07 00:17

US Senator Cynthia Lummis stated that the GENIUS Act aims to strengthen regulation of the stablecoin market, with core provisions including requiring all stablecoins to achieve 1:1 full reserves, protecting consumer priority rights in the event of bankruptcy, and establishing strict market promotion compliance standards.

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Today 2025-05-08

04:22

The 'main explosive short order' has sold out $37.01 million across the entire network in the past 1 hour, with short orders selling out $35.72 million

The current price of ETH is $1912.54, with a 4.64% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 37.01 million US dollars, with the main liquidation being short orders and ETH liquidation being 13.58 million US dollars (36.71%). The data is for reference only.

04:12

Binance updates May reserve certificate report, with asset reserves exceeding 1:1

Odaily Planet Daily News: Binance has released its latest reserve proof report for May 2025, which shows that its asset reserves have always been higher than 1:1, fully guaranteeing user funds. The specific reserve ratios are as follows: BNB 112.45%, BTC 102.06%, ETH 100.16%, USDT 102.07%. Binance updates its reserve report monthly to ensure transparency and traceability.

04:12

BCH rises to a new high of $420.4, reaching a three-month high

The price of Ouyi OKX BCH/USDT has reached a new high in nearly 3 months, now reporting $420.4, up 10.48% in 24 hours, with a turnover of $14.44 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)

04:03

(Gate.io) MemeBox is online pitcoin (pitcoin)

According to official announcements, (Gate. io) MemeBox has now launched pitcoin, which can be traded by entering the app. MemeBox now supports popular public chains such as SOL, ETH, BNB Chain, and Base. Users can directly purchase popular assets on the chain using USDT in their spot account without manually changing chains, recharging, or authorizing them.

03:57

ETH breaks through the $1900 mark

OKX-ETH/USDT is currently trading at $1904.42, with a 24-hour increase of 3.44%. Please be aware of market fluctuations.