News

21:00 (UTC+8) - 7:00 Keywords: PolyMarket, Citibank, US Treasuries, Crypto Bill 1. Citibank is exploring the possibility of issuing a stablecoin; 2. Ghana is finalizing a regulatory framework for cryptocurrency trading; 3. Tether held over $127 billion in US Treasuries in Q2 this year; 4. The US Department of Justice has concluded its investigation into the prediction platform PolyMarket; 5. White House crypto chief: The Trump administration plans to ban the issuance of central bank digital currencies; 6. The US House of Representatives failed to pass a procedural vote on the crypto bill, with a second vote to follow; 7. Bitwise has launched a third-party asset reserve proof service for its Bitcoin and Ethereum spot ETFs; 8. Cantor Fitzgerald is close to reaching a $4 billion SPAC deal with Bitcoin pioneer Adam Back.

According to a report by Jinse Finance, Richmond Federal Reserve Bank President Tom Barkin stated that he believes the next Federal Reserve Chair will pursue monetary policies that are most beneficial to the economy. However, he also pointed out that the committee responsible for setting interest rates at the Fed does not always align with the Chair. Speaking at an event in Baltimore on Tuesday, Barkin said, “I hope and believe that this person will strive to formulate the best policies for the country.”