Strategy Tumbles to 4-Month Low as Crypto Stocks, Digital Asset Treasuries Sink
Galaxy, SharpLink, BitMine were among the names that plunged nearly 10% as risk appetite faded and bitcoin sunk to $113,000.
Galaxy, SharpLink, BitMine were among the names that plunged nearly 10% as risk appetite faded and bitcoin sunk to $113,000.
SEC Chairman: Only a small portion of encrypted tokens should be considered securities According to Golden Finance, Paul Atkins, Chairman of the US Securities and Exchange Commission, stated at the SALT Wyoming Blockchain Symposium that only a small portion of cryptocurrencies should be considered securities, marking a shift from the agency's previous stance under Gary Gensler's leadership.
Point72 and Exodus Point invest in Alt5 Sigma, President of SEC Investigating Company Point72 and ExodusPoint have disclosed their holdings of Alt5 Sigma, a cryptocurrency payment company, at 4% and 4.75% respectively, with a value of approximately $26.7 million and $32.1 million. Meanwhile, the SEC is investigating the president of Alt5 Sigma, accusing him of exaggerating profits and selling shares when the stock price rises.
1. The expectation of the Federal Reserve's September interest rate cut is heating up, and Powell's speech may become crucial 2. Goldman Sachs' Chief Strategy Officer is optimistic about the five-year US Treasury bond and expects the Federal Reserve to cut interest rates by 25 basis points 3. Franklin Templeton CEO proposes the "pick and shovel" investment concept for the cryptocurrency industry 4. Japan's Lib Work plans to purchase $3.3 million worth of Bitcoin to address inflation risks 5. Spain levies $10.5 million in additional taxes on DeFi investors, sparking controversy 6. Ripple's Global Policy Director Shares Best Practices in Digital Asset Custody 7. Wyoming launches US dollar stablecoin, covering seven major blockchain networks 8. Cardone Capital purchases an additional 130 bitcoins and continues to increase its cryptocurrency holdings The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/480093
The United States will evaluate the consistency between state stablecoin regulation and federal rules On August 20th, the US stablecoin certification review committee will evaluate whether the regulatory frameworks of each state are "substantially similar" to the federal stablecoin issuance rules. The committee is led by the Secretary of the Treasury and includes members such as the Chairman of the Federal Reserve and the Chairman of the FDIC. Consensus is required before approving stablecoin regulation in each state. Pierson Ferdinand LLP partners state that the GENIUS Act has the potential to simplify state-level regulation and reduce confusion. (Bloomberg)
The current price of ETH is $4093.57, with a drop of 5.31% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 12.3 million US dollars, with multiple orders being the main liquidation and 5.07 million US dollars (41.28%) of ETH liquidation. The data is for reference only.