AiCoin Daily Report (August 1)

1. Coinbase increases its Bitcoin holdings and plans to issue tokenized stocks.

At the time of this announcement by the exchange, its second-quarter performance was disappointing, with the stock price dropping more than 6% in after-hours trading. -Original

2. The SEC Chairman announced the establishment of clear rules for crypto assets and the implementation of White House recommendations.

On August 1, SEC Chairman Gary Gensler stated that he would instruct various policy departments to collaborate with the cryptocurrency working group to implement the White House's cryptocurrency-related recommendations. Staff have been directed to draft clear rules regarding the tokenization, custody, and trading of cryptocurrencies. Most crypto assets are not securities. Staff have been instructed to develop guidelines to determine when crypto assets are classified as securities. They have also been asked to propose disclosure requirements and exemption regulations for crypto assets deemed to be securities, while also requesting staff to work with companies seeking to issue tokenized securities.

3. Visa expands its settlement platform, adding support for multiple blockchains and stablecoins.

Visa's platform now supports four stablecoins on four blockchains, including Ethereum and Solana. -Original

4. The Atlanta Fed expects the U.S. GDP growth rate for the third quarter to be 2.3%.

The Atlanta Fed's GDPNow model initially estimates that the GDP growth rate of the United States in the third quarter is 2.3%. -Original

5. Galaxy report states that the corporate crypto asset holdings have exceeded 100 billion USD.

According to a report released by Galaxy Research on Thursday, corporate cryptocurrency finance companies, including Strategy, Metaplanet, and SharpLink, have accumulated a total of $100 billion in digital assets. The report noted that Bitcoin finance companies hold the vast majority of the share, with over 791,662 Bitcoins on their books, valued at approximately $93 billion, accounting for 3.98% of the circulating supply. Ethereum finance companies hold 1.3 million Ether, valued at over $4 billion, accounting for 1.09% of the Ethereum supply. However, according to a previous report by The Block, the cumulative total value of ETH treasury reserves held by 64 entities has surpassed $10 billion, including publicly traded companies, cryptocurrency exchanges, DeFi protocols, non-profit organizations, and reserve assets of federal governments.

6. Coinbase CEO claims White House report helps the US become a global crypto hub.

On July 31, Coinbase CEO Brian Armstrong tweeted, "The White House has released its first digital asset report, clearly stating that legislation on market structure is key to fulfilling the President's commitment to make the U.S. a global cryptocurrency hub. Let's make it happen together." - Original text

7. Empery Digital increased its holding of 303 BTC, bringing the total to 3803 BTC.

On July 31, Empery Digital (formerly Volcon), a publicly listed company in the U.S. stock market, increased its holdings by 303 BTC, bringing its total holdings to 3,803 BTC. -Original text

8. South Korean financial authorities will release guidelines for virtual asset lending services.

According to the Korea Herald, the Financial Services Commission and the Financial Supervisory Service announced on July 31 that they will jointly form a working group with the Digital Asset Exchange Association (DAXA) and five virtual asset exchanges to develop guidelines for virtual asset lending services. The guidelines are expected to be released in August and will cover aspects such as leverage usage regulations, applicable user scope, range of borrowable assets, risk disclosure, and more. The financial authorities also requested exchanges to re-evaluate services that may pose user loss risks or legal risks.

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin ()