Former CEO of Barclays Bank calls on Wall Street to support Bitcoin Clarity Act

According to Iran's Tasnim News Agency, the Persian Gulf Strait Authority has issued a statement stating that due to the aggressive actions of the United States, passage through the Strait of Hormuz is no longer possible. Once stability and calm are restored, all applications will be reviewed in order and timeline, and permits will be gradually issued.

Rui Dalio, founder of Bridgewater Fund, said that AI has revolutionary value to change the production mode, but the current market has the characteristics that conform to the historical foam law, the asset valuation is far higher than the actual profitability, and high leverage will amplify the risk of foam bursting. Rui Dalio suggests that investors reduce risk through diversified allocation of stocks, cash, gold, bonds, and real estate, among which gold can play a role in diversifying risk during periods of currency depreciation and rising financial pressure. Regarding the job market, Ray Dalio believes that AI will replace some repetitive mental labor, and in the future, people who can collaborate with AI and continuously adapt to changes will have a greater advantage.

Former CEO of Barclays Bank called on Wall Street to support the Bitcoin Clarity Act during a CNBC livestream and stated that the bill is about to pass. （The Bitcoin Historian）

[Pump.fun Layoffs Before Token Unlock, Some Former Employees Miss Out on $1 Million Token Allocation] According to Sandmark, Pump.fun has been accused of conducting two rounds of layoffs before the token unlock, resulting in at least one former employee losing a PUMP token allocation worth $1 million at current prices. Co-founder Noah Tweedale stated in an internal meeting that the layoffs were due to the company expanding too quickly. Former employees reported that the company conducted a second round of layoffs in mid-July, with over 40 employees laid off in total over the past two months. Pump.fun operates in the UK under the name Baton Corporation Ltd and is currently on the UK Financial Conduct Authority's warning list. Additionally, its latest annual report is overdue for submission.

Shelbit allegedly sent hundreds of millions of dollars to major crypto exchanges, including Binance, as it linked gambling sites and sanctioned Iranian entities to global crypto markets.