The Iranian riyal has fallen to a historic low against the US dollar, with 1 US dollar equivalent to 2.039 million riyals
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According to the exchange rate tracking website Bonbast, on Monday in the unofficial Iranian market, the exchange rate of 1 US dollar to Rial fell to 2.039 million, and the Iranian Rial exchange rate hit a historic low.
South Korea's top financial regulatory agency will accelerate discussions on cryptocurrency legislation and plans to launch the Digital Asset Basic Law this autumn, which covers regulatory rules in areas such as stablecoin issuance, virtual asset service provider (VASP) licenses, and Bitcoin ETFs.
Robinhood CEO Vlad Tenev stated in an interview with The Iced Coffee Hour that he personally loves cryptocurrency and has a fairly diversified investment portfolio. In the long run, he is optimistic about Bitcoin, but does not predict whether Bitcoin prices will reach $1 million in the future.
Yi Lihua, founder of Liquid Capital, said that the recent market views include the rebound from the low point, the end of the rebound from the peak in May, and the last opportunity to copy the bottom from July to August. However, the market judgment cannot be guaranteed to be correct. Every investment and transaction is a new start, so it is necessary to remain cautious and modest, and adhere to a good risk control strategy.
To maintain sufficient liquidity in the banking system, the People's Bank of China will launch a 500 billion yuan MLF operation on August 25, 2026, using a fixed quantity, interest rate bidding, and multi price bidding method, with a term of one year. (Central Bank)
