1. US encrypted stocks lead the market higher
2. Bank of America can custody cryptocurrencies
3. Coinbase CEO says stablecoin bill needs to be amended
4. Meta once again enters the stablecoin field
5. The US Senate will vote on the stablecoin bill
6. Oregon adopts legal standards for digital assets
The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/458559
Coinbase CEO Brian Armstrong stated in a post that the first vote in the US Senate on stablecoin legislation is the "first round of negotiations," and a new round of voting is expected early next week. He pointed out that the provision in the bill that prohibits stablecoins from providing interest income needs to be amended, emphasizing that the GENIUS bill may eventually approach the president's signature in the form of bipartisan support. Armstrong stated that "52 million American voters who hold cryptocurrency assets are closely monitoring.
The price of Ouyi OKX CRV/USDT has reached a new high in nearly 3 months, now reported at 0.7617 US dollars, up 13.64% in 24 hours, with a turnover of 9.27 million US dollars.
After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)
The US stock market closed on Thursday, with the Dow Jones Industrial Average initially up 0.6%, the S&P 500 index up 0.58%, and the Nasdaq up 1.07%. Cryptocurrency concept stocks led the market, with Canaan Technology (CAN. O) up nearly 9%, Robinhood (HOOD. O) up 8%, and Strategy (MSTR. O) up over 5%. Google A (GOOGL. O) rose nearly 2%, while Tesla (TSLA. O) rose 3%.
According to Fortune, Meta is in preliminary talks with multiple cryptocurrency companies to explore stablecoin applications and lower fees by cross-border payments to creators, three years after abandoning the Libra/Diem project. Since January of this year, former Plaid executive Ginger Baker has been appointed as Vice President of Meta Products, leading related initiatives.
