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Bank of America and Citigroup plan to launch their own stablecoin.

More and more large banks, such as Citigroup and JPMorgan Chase, are actively entering the Crypto Assets field, exploring their own stablecoins and Blockchain-based bank deposits. The CEO of Citigroup stated that researching "token deposits" will have more potential than traditional stablecoins. Furthermore, as new pro-Crypto legislation progresses, the market's attention and understanding of stablecoins are also deepening.
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Hellovip:
Just go for it💪
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Whale has increased the position in ETH for the third time, with unrealized gains exceeding 5.12 million USD in the past month.
According to on-chain analyst Ai Yi @ai\_9684xtpa, a Whale that previously swapped 46.05 million USD worth of ETH via cross-chain with BTC spent 2.31 million DAI to buy 649.62 ETH at an average price of 3560 USD through the intermediary address 0x772...65247 seven hours ago. Since July 7, this address has conducted its third ETH swing operation, accumulating a total of 5512 ETH purchased, with a total value of 148 million USD and an average purchase price of 2685 USD,
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Mastercard Executive: The GENIUS Act Brings a "Turning Point" for Stablecoin Adoption
Jesse McWaters, Global Policy Lead at Mastercard, stated that the GENIUS Act marks a "turning point" for the mainstream adoption of stablecoins, which is expected to drive institutional participation and promote the development of compliant stablecoins. He believes that the Act ushers in a "new era of regulatory clarity and confidence in digital assets," allowing regulated entities to issue stablecoins backed by the US dollar. Several institutions, including JPMorgan, Citigroup, Bank of America, Amazon, and A
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According to 0x Information, as reported by Cointelegraph, data from market analysis platform Santiment shows that Bitcoin accounts for 43.06% of discussions on social media related to Crypto Assets, reaching an all-time high. Analysts point out that such high activity is often accompanied by short-term price pullbacks, advising investors to wait for market sentiment to cool down before looking for get on board opportunities. Despite Bitcoin's price recently hitting a historical high of $123,100, some analysts believe that the market has not yet shown signs of overheating. CryptoQuant analysts
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According to 0x news report, on July 20, CoinDCX CEO Sumit Gupta revealed that an internal operational account used to provide liquidity for partner exchanges was compromised due to a complex attack. Gupta emphasized that user funds are completely safe, and the Wallet storing customer assets at CoinDCX was not affected.
The affected operating account has been quickly isolated. Since the account is separate from the customer Wallet, the losses are limited to this specific account and will be fully borne by CoinDCX's own treasury reserves. Currently, all trading activities and the withdrawal fun
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The US dollar stablecoin has been deeply cultivated for many years, how can the Chinese yuan stablecoin break through the circle?

For the Renminbi stablecoin to achieve internationalization, it needs to make a strong push in four areas: policy support, technological innovation, market promotion, and international cooperation. By clarifying regulations, enhancing technological competitiveness, strengthening market education, and participating in international cooperation, its competitiveness and acceptance in the global market can be improved.
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CoinTycoonvip:
No support is useful, I don't understand finance, but I understand the Chinese people.

U.S. lawmakers see the Genius Act as a CBDC Trojan horse.

U.S. Congresswoman Marjorie Taylor Greene has explicitly warned about the newly introduced Genius Act, expressing concerns that it would promote a coercive agenda for the central bank digital currency (CBDC) supported by the U.S.
Green said that although it is regarded as a stable regulatory framework, the bill includes features and controls that you would find in a central bank digital currency (CBDC).
"The bill stipulates stable stability and provides for a backdoor central bank digital currency," Green wrote on X.
The "Genius Act" demands legal clarity surrounding the issuance of stablecoins in the United States and their operations. However, Greene and others are concerned that, under the hood, it could effectively enable financial surveillance and control similar to that of a central bank digital currency.
Industry Voice Alert Privacy Risk
In the broader cryptocurrency networks community, Green's criticism has received intense support. Her concerns have not gone unheard.
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The cryptocurrency market has recently shown strong fluctuations and multiple opportunities, with an overall positive trend, but regulatory and security risks cannot be ignored. 📈 Bitcoin has strongly rebounded, breaking through the $118,000 mark, with long positions dominating within 24 hours, indicating a recovery in investor confidence; Ethereum has also risen by 2.59% to over $3,600, with a large investor accumulating $169 million in assets at an average price of $3,545, highlighting long-term value layout. FTT surged by 18.59% to $1.30, indicating the potential for FTX ecosystem recovery
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🦍Whale investment: Third increase the position in Ethereum with unrealized gains exceeding 5.12 million USD.
A well-known Whale using BTC for cross-chain position swaps has recently increased their holdings in ETH, buying a total of 5,512 coins at an average cost of approximately $3,560 per coin, with a total investment exceeding $148 million. The current unrealized gains stand at over $5.12 million. This is the Whale's third operation with ETH since July 7, demonstrating confidence in Ethereum and its holdings. Analysis indicates that as the price of ETH breaks through $3,600, the Whale's ho
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💰Tax and Financial Dynamics: The UK is considering selling £5 billion worth of Bitcoin assets
The UK Treasury is assessing the sale of Bitcoin assets seized by the police, valued at over £5 billion, to alleviate national financial pressure. This batch of assets mainly includes Bitcoins seized in 2018, which have now appreciated by more than 20 times. The UK is promoting the establishment of a "cryptocurrency asset custody and disposal framework" to prepare for the unified management of the sales process for such assets, and is currently inviting bids, with anticipated revenue for public spend
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📰Market News: Bitcoin and stablecoin trends
According to data, if funds are used to purchase Bitcoin (BTC) each time, the profit has reached 242 million dollars. The UK Treasury plans to sell over 5 billion pounds of Bitcoin assets to alleviate the fiscal gap. An IMF report shows that El Salvador has not made any new Bitcoin purchases since February this year, mainly relying on the integration of existing assets. However, the El Salvador Bitcoin office claims to be adding 1 Bitcoin daily, with a current holding of 6,242 Bitcoins, totaling approximately 737 million dollars in value. Capital fl
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📈Bit market capitalization: Holdings market capitalization ranked ninth
According to data, Bitcoin's overall market capitalization ranks ninth among the constituents of the S&P 500 index, demonstrating its strong capital foundation outside of the world's largest stock market. This reflects the increasing market recognition of Bitcoin as digital gold and highlights its important position in diversified asset allocation.
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