🇺🇸 American banks demand to prohibit exchanges from charging interest for staking stablecoins!

«The loophole in the Genius Act should be eliminated»

Key arguments:

1. Stablecoins are not bank deposits and money market funds (MMFs). Because:

- are not regulated as strictly as banks.
- do not finance loans, unlike banks.
- do not invest in securities to generate income like MMF.

2. Back in April, the U.S. Treasury estimated possible outflows of deposits from banks to $6.6T if staking stablecoins becomes a popular financial solution.

3. The GENIUS Act prohibits only stablecoin issuers from paying interest income, but this does not apply to affiliated companies - a loophole.

For example, Circle cannot pay for the USDC retention, and Coinbase cannot.

4. Financial stress in the country = outflow of deposits, increase in interest rates / less loans, increase in household expenses.

Initiators: Bank Policy Institute, American Bankers Association, Consumer Bankers Association, Financial Services Forum, Independent Community Bankers of America.

@Сryptoz ₿

🎉 EmberCN: The total issue of #OKB tokens will be only 21,000,000 coins (like Bitcoin).

@Сryptoz ₿

🇰🇿 The first spot Bitcoin ETF in Central Asia - watch

Bitcoin ETF from the investment company Fonte Capital was listed in Kazakhstan.

Trading started today on the Astana International Exchange (AIX) under the ticker BETF.

@Сryptoz ₿

🇳🇴 Norway indirectly owns 7161 BTC ($860m) - K33

Norges Bank Investment Management (a division of the Central Bank of Norway) actively invests in companies with BTC reserve.

In the NBIM portfolio:

✦ Strategy shares - about 3005 BTC.
✦ Marathon Digital shares - 216 BTC.
✦ Hundreds more BTC in Block, Coinbase, Metaplanet, etc.

🤯 Coinglass: The whale on the Bybit exchange liquidated the SHORT position at $10m with one order (in the BTC/USD pair)...

@Сryptoz ₿

🇺🇸 Donald Trump won the lawsuit to block billions of $$$ foreign aid (Bloomberg)

The U.S. Court of Appeals allowed Donald Trump’s administration to cut billions of dollars of foreign aid already approved by Congress for this year.

Now the White House will not be able to transfer money to those humanitarian programs that it considers unnecessary or undesirable - even if Congress approves their funding.

++ The President of the United States is now holding a telephone conversation with Zelensky and several European leaders.

@Сryptoz ₿

🔥 #TRUMP Canary Capital will apply for the launch of TRUMP COIN ETF!

The document is still displayed only on the official website of the state of Delaware - usually this is followed by an application to the SEC.

@Сryptoz ₿

😳 CryptoQuant: The volume of market orders to buy BTC (Taker Buy Orders) for 1 hour was $1,660,000,000.

@Сryptoz ₿

🎉 Bitcoin has updated the historical maximum!

@Сryptoz ₿

#eth
💰 SV: Capital inflow in Ethereum ETF for yesterday = $729,140,000

TOP-2 indicator for the entire history of trading!

@Сryptoz ₿

#trx
👣 Justin Sun (founder of Tron) does not want to shine in the «billionaire index» from Bloomberg.

...As it will cause him «significant and irreparable damage - both financial and physical»

He filed a lawsuit against Bloomberg, as the company plans to «recklessly and improperly disclose his strictly confidential, sensitive, personal and commercially valuable financial information» obtained during the inspection of his assets for inclusion in this index.

@Сryptoz ₿

😐 The founder of the Estonian bank LHV Ryan Lyhmus lost 250,000 ETH in 2023 (SEED phrase).

Today it’s $1,200,000,000...

Source: err

@Сryptoz ₿

🧐 Tether moves #USDT for hundreds of millions of $$$ between exchanges.

@Сryptoz ₿

🥰 Michael Sailor is in the black by almost $30,000,000,000 (unrealized profit) - portfolio

Strategy balance sheet has 628,946 BTC ($76b).

@Сryptoz ₿

🔥 U.S. Macro Data (PPI):

▪️ Producer Price Index (PPI) (m/m) (July)

FACT: 0.9%
FORECAST: 0.2%
PREVIOUS: 0.0%

▪️ Producer Price Index (PPI) (y/y) (July)

FACT: 3.3%
FORECAST: 2.5%
PREVIOUS: 2.4%

▪️ Basic Producer Price Index (PPI) (m/m) (July)

FACT: 0.9%
FORECAST: 0.2%
PREVIOUS: 0.0%

▪️ Basic Producer Price Index (PPI) (y/y) (July)

FACT: 3.7%
FORECAST: 2.9%
PREVIOUS: 2.6%

▪️ Number of primary applications for unemployment benefits

FACT: 224K
FORECAST: 225K
PRE.: 227K

@Сryptoz ₿

#breaking
❌ Turkish crypto exchange BtcTurk hacked for $50,000,000 - CertiK

@Сryptoz ₿

😳 Over the past day, the crypto market has lost $170,000,000,000 in market capitalization.

@Сryptoz ₿

🤑 #BNB BNB Network Company will attract another $750,000,000 to buy BNB - release

BNC bought BNB for $76,000,000 in their reserves.

Plans: Bring the balance to $1,250,000,000 in BNB + own 1% of the token issue by the end of 2025.

Organizers: 10X Capital and YZi Labs.

The company was called CEA Industries, but rebranded it. Current ticker on NASDAQ = BNC.

@Сryptoz ₿

#naka
✅ KindlyMD has completed a merger deal with Nakamoto Inc. David Bailey - release

$540,000,000 has already been reserved for the purchase of BTC.

Mission: to buy back 1,000,000 BTC from the market...

@Сryptoz ₿

#altcoins
🎉 Coinbase: The alt season will start in September!

Key theses:

1) BTC domination falls: from ~65% in May to ~59% by August - an early signal of capital outflow to altcoins.

2) The upcoming reductions in Fed rates in September-October may release retail capital: ~$7.2T is now sitting in money market funds (historical maximum).

3) Institutionals still gravitate towards BTC/ETH, and altcoins need retail capital.

«By September, conditions may mature»

@Сryptoz ₿