Brian Armstrong stated on the X platform that Coinbase now supports AI proxy trading of stocks, cryptocurrencies, and derivatives, and users can start using AiFi through their preferred proxy framework or proxy.
Former CFTC Chairman Chris Giancarlo, former CFTC commissioners Brian Quintenz and Sharon Brown Hruska, and former SEC commissioner Steven Wallman stated in a joint letter supported by Kalli that regulation should be based on actual risk rather than maximum burden to avoid overlapping rules increasing compliance costs. Kalshi estimates that the trading volume of offshore perpetual contracts will exceed $9 trillion by 2025, up from around $2.8 trillion two years ago. Chris Giancarlo stated that if US regulators adjust based on actual risks, the relevant liquidity is expected to flow back to the United States.
Jamie Damon, CEO of JPMorgan Chase, and David Su, CEO of Goldman Sachs, will attend the G20 summit with executives from the cryptocurrency, technology, manufacturing, and healthcare industries. Other attending executives include Kent Masters, CEO of Yabao, Bill Brown, CEO of 3M, David Ricks, CEO of Eli Lilly, Michael Lyons, CEO elect of Truist, Ryan Rugg, Global Head of Digital Assets at Citigroup, Eric Glyman, CEO of Ramp, and Heath Tarbert, President of Circle.
Pavel Durov stated on X platform that the Telegram Gram wallet has been opened to some users and plans to open to over 1 billion users in the coming weeks. Pavel Durov thanks the validator who approved the core smart contract, and there is no need for wallet migration for future wallet upgrades.
US Treasury Secretary Scott Besant stated that the value of Bitcoin reserves held by the US has increased from $500 million to over $15 billion and considers the reserves as US assets. (The Bitcoin Historian)
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BREAKING: Michael Saylor's Strategy buys another 4,603 Bitcoin for $370 million.
Strategy now holds:
• BTC holdings: 845,050 BTC ($63.7 billion)
• Average price: $75,412 per BTC
• USD reserve: $5.1B
• USD cash: $1.61B (Crypto India)