August 5th Midday Update: Key Developments at a Glance
7:00-12:00 Keywords: Bitsonic, Coinbase, White House
1. Trump celebrates the surge in US stocks: there will be many more rises like this;
2. Representative of South Korean cryptocurrency exchange Bitsonic jailed again for suspected 100 million won fraud case;
3. Coinbase CEO: US government to hold over $600 billion in Bitcoin reserves;
4. Benchmark: Coinbase's weak profits and stock price decline are "irrelevant in the grand scheme of things";
5. Coinbase and PayPal continue to issue stablecoin rewards in response to regulatory controversy surrounding the "GENIUS Act";
6. Bitcoin Magazine CEO David Bailey plans to raise $200 million for a new political action committee;
7. President of The ETF Store: The White House is preparing an executive order aimed at punishing banks that discriminate against cryptocurrency companies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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