Circle CEO: The company will receive more returns under the GENIUS Act and continue to accelerate the development of Cricle

The current price of ETH is $3552.54, with a drop of 1.63% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 329 million US dollars, with the main liquidation being multiple orders and ETH liquidation being 77.71 million US dollars (23.57%). The data is for reference only.

According to Foresight News, sources revealed that the license for stablecoin issuers will not be obtained through applicants downloading forms or submitting written applications, but will be arranged through a system similar to invitation based applications. At the practical level, the Hong Kong Monetary Authority, which is responsible for regulating and issuing licenses, will communicate with interested stablecoin license applicants in advance to understand whether they meet the basic application qualifications. Only after obtaining basic recognition in the pre communication will the Hong Kong Monetary Authority issue the application form

According to Foresight News, Sunil, a representative of FTX creditors, tweeted that the FTX Bahamas claims process may fall under the jurisdiction of UK/EU rules and require additional approval.

BlockBeats News: On July 19th, US President Trump raised demands from the European Union to maintain import tariffs at 15% -20% and maintain a tough stance on EU car tariffs, sparking market concerns about global trade. At the same time, the GENIUS Act was officially signed by Trump today, marking the implementation of stablecoin regulation and paving the way for the long-term position of the US dollar stablecoin, which is a medium-term positive for the cryptocurrency market. After a significant increase in the price of ETH from $3000 in the past three days, it has fluctuated within the range of $3570-3690, and has repeatedly touched the high-density clearing zone within the region, indicating that the upper pressure is effective and has not yet broken through. The main short-term support areas below are concentrated at $3450 and $3330. If they fall, it will further test the high-density long clearing area of 3200-3100. BitUnix analysts suggest that although the GENIUS bill is positive for market confidence, the current macro outlook is still conservative, and the cryptocurrency market may be affected by risk asset sentiment. After a significant increase in the price of ETH from $3100 in the past three days, it has fluctuated within the range of $3570-3690, and has repeatedly touched the high-density clearing zone within the region, indicating that the upper pressure is effective and has not yet broken through. The main short-term support areas below are concentrated at $3450 and $3330. If they fall, it will further test the high-density long clearing area of $3200-3100.

Odaily Planet Daily News: OOKC Labs announced a strategic investment of $5 million in Giants Protocol to support its global RWA expansion in Middle East and North Africa, Europe, and North America, with a focus on compliance, growth, institutional partnerships, and infrastructure development. It is reported that OOKC is headquartered in Dubai and is a comprehensive investment institution that integrates investment and consulting in the Middle East and North Africa region, with localized advantageous resources. OOKC Group will assist Giants Protocol in completing local resource integration, expanding and deepening its presence in the Middle East and European markets in various aspects.