OKB falls below the $120 mark

SEC Chairman Atkins stated that the proposed cryptocurrency custody rules will provide clear pathways for investment advisors and funds to legally hold cryptocurrencies, and there will be more regulatory proposals in the future.

A newly created wallet has withdrawn and accumulated 198300 HYPEs worth approximately $17.29 million from Coinbase Prime. The wallet currently holds 198300 HYPEs worth approximately $17.22 million. （Onchain Lens）

Circle opposes the requirement in MiCA regulations that stablecoins must have bank deposits.

Stand With Crypto announced its support for a group of bipartisan candidates to run in the midterm elections, including Ohio Republican Senator Jon Husted, Iowa Republican candidate Ashley Hinson, and New Hampshire Democratic candidate Chris Pappas. The organization supports over 30 House members and candidates who have voted in favor of the Digital Asset Framework Act, and plans to advertise in support of pro crypto candidates in six House elections. The US Senate failed to obtain the 60 votes required to pass the CLARITY Act. (Source: Bitcoin.com News)

SEC Chairman Atkins stated that the SEC's proposed cryptocurrency custody framework will provide investment advisors and funds with a compliant pathway for holding cryptocurrency assets, and stated that the on chain market should not be excluded from offshore or forced to adopt regulatory models that are not applicable.