The market value of stablecoins in the cryptocurrency market has shrunk by $10 billion, with funds flowing into the US stock market

The U.K. FCA's crypto framework has been praised for prioritizing global liquidity and institutional adoption, but the authorization process is expected to be daunting.

Tether CEO Paolo Ardoino stated that the AI industry is expanding its user base by subsidizing computing power and relying on high capital expenditures to drive infrastructure expansion. Assets depreciate rapidly within 3 to 5 years, resulting in a mismatch between token prices and real value, profit cycles and capital investment cycles, capital costs and debt maturity periods, as well as a trend of open-source AI eroding revenue space. Industry risks are accumulating.

According to the Nice Morning Post, police in the Var department of France have cracked a cryptocurrency fraud case involving 1.5 million euros and arrested a mother and son involved in the case. The two individuals carried out Rip Deal fraud, luring a local couple from Ramatuelle to Milan and demanding that the other party pay a transaction guarantee fee of 1.5 million euros in cryptocurrency. The suspect stole the victim's encrypted account information and private key through a concealed camera, and transferred all encrypted assets. The police arrested the mother and son in Kavalair and seized a property worth 1.9 million euros under the suspect's name. Two suspects will face multiple criminal charges related to organized group fraud during their trial on September 1st.

According to on chain analyst Yu Jin's monitoring, the price of HYPE rebounded to $70. A whale withdrew 212500 HYPE ($15 million) from Morpho an hour ago and transferred all of them to Coinbase.

According to a report by The New York Times, the Nansen report shows that as of the end of June, approximately one million investors had accumulated losses of $3.8 billion in Trump related memes. Nansen analyzed that the token trading mechanism allows Trump to profit from both price fluctuations, and the promotion of related tokens by Truth Social has increased trading volume. During the 2024 campaign, Trump turned to embracing digital assets and founded World Liberty Financial with his children, resulting in a decline in the $WLFI token issued. In addition, the TRUMP token is described as a speculative asset lacking practical use and experiencing a pullback.