EN

● The Federal Reserve will terminate specific regulatory plans for banks' cryptocurrency business

According to BlockBeats, the official announcement shows that the Federal Reserve Committee announced on Friday that it will terminate the "new activity" regulatory plan and resume supervision of banks' new business through normal regulatory processes.

The Federal Reserve has deepened its understanding of these businesses, related risks, and bank risk management practices since the commission launched a regulatory program for banks’ specific cryptocurrency and fintech businesses. Based on this, the Federal Reserve will reintegrate relevant knowledge and supervision of these businesses into the standard regulatory process and revoke the 2023 regulatory letter to establish the program.

● US SEC Chairman: Mobilizes all departments to build the United States into a global cryptocurrency center

According to BlockBeats, on August 15, the U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins said that he is mobilizing all departments to build the United States into a global center of Bitcoin and cryptocurrency.

● The yield on the 30-year U.S. Treasury bond is 109 basis points higher than the 5-year period

According to BlockBeats, on August 15, the yield on the 30-year U.S. Treasury bond was 109 basis points higher than the 5-year yield, the widest level since 2021.

● Michael Saylor plans to build $100 billion Bitcoin credit business

According to Shenchao TechFlow, Strategy executive chairman Michael Saylor is advancing a new financing experiment, planning to build a $100 billion Bitcoin credit business. Saylor has previously transformed a traditional software company into a major Bitcoin holding agency.

● The total ETH holdings of Ethereum treasury entities and ETFs have exceeded 10 million

According to Shenchao TechFlow, on August 15, Strategicethreserve.xyz data showed that the total holdings of Ethereum treasury entities and ETFs have exceeded 10 million, setting a record high, accounting for about 8.3% of the current total supply.

● Bitcoin 6M/1M volatility ratio is close to historical highs, and market concerns about medium-term economic risks have increased

According to Foresight News, glassnode analysis shows that Bitcoin's 6M/1M implied volatility ratio has increased, indicating that traders expect medium-term uncertainty is higher than short-term. The ratio is currently at an all-time high, with higher values recorded on only 3.2% of trading days. Traders pay higher risk premiums for medium-term market uncertainty, showing a rise in market concerns about possible structural or macroeconomic risks in the coming months.

● Grayscale submits the S-1 application document for DOGE ETF to the SEC

According to BlockBeats, Grayscale has filed the S-1 application for DOGE ETF with the U.S. Securities and Exchange Commission

Use BAF login with above account