Lobbyists and firms such as Coinbase, Kraken and Ripple told key senators the sector can't support a market structure bill without software developer protection.
[Multiple Venezuelan Officials Indicted by the U.S. for Using Cryptocurrency to Evade Sanctions] According to the Financial Times, the United States has indicted multiple Venezuelan officials, accusing them of using cryptocurrency to evade sanctions or launder money. Cryptocurrency in Venezuela is transitioning from a fringe sector to an economic pillar, with merchants accepting payments through platforms and some businesses even using it to pay salaries. One user stated that to counter the devaluation of the bolívar, they purchase USDT on Binance.
Binance announces the launch of the HODLer airdrop event, introducing the Dolomite (DOLO) token, a decentralized money market protocol. The airdrop will take place on 2025-08-27 at 08:00 (UTC+8). Trading for the token will open on 2025-08-28 at 00:00 (UTC+8), supporting trading pairs such as DOLO/USDT, DOLO/USDC, and DOLO/BNB. After the airdrop concludes, DOLO will be available on services like spot trading, spot algorithmic orders, trading bots, and spot copy trading. The expected launch time is 2025-08-28 at 00:00 (UTC+8). Important Notes: - Users must subscribe to BNB-related products between 2025-08-03 and 2025-08-06 to qualify for the airdrop and hold at least 0.01 BNB. - DOLO spot trading will begin on 2025-08-27 at 16:00 (UTC), and users need to transfer tokens to their spot accounts in advance. - Users from certain regions, including the United States, Canada, and Australia, are not eligible to participate.
According to the data of major single orders in the past 12 hours, the buying volume has reached $157 million, the selling volume has reached $134 million, and the net inflow has reached $23.09 million. The main players show a willingness to go long. However, the current price is still under pressure below the EMA24/52 moving average, and the MACD bar chart continues to shrink, indicating that downward momentum is still accumulating. The 2-hour cycle K-line shows a top split and a flat top pattern, coupled with RSI falling below the 50 median line, further verifying the short-term bearish signal. Although the main force is clearly attracting funds, the market trading volume is extremely shrinking, and there is a risk of another downturn after a weak rebound. Open a membership, get real-time updates on major orders, and get an early insight into market capital trends! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
OKX - IP current price is $6.11, with a 24-hour increase of 9.12%. 24-hour transaction volume of 200 million US dollars, an increase of 149.72%, for reference only
[NVIDIA Earnings Report Approaches, U.S. Stock Performance May Heighten Crypto Market Volatility] Singapore-based crypto investment firm QCP Capital pointed out that the Federal Reserve's independence is under scrutiny, as Trump may assemble a team more aligned with his policy stance to push for a more dovish monetary policy. Currently, several members of the Federal Reserve Board are considered to lean toward supporting Trump. If Governor Lisa Cook is removed, the number of members aligned with Trump's stance could increase to four, laying the groundwork for future policy adjustments. Additionally, following the Jackson Hole meeting, the Federal Reserve's concerns about a slowdown in the labor market have intensified, potentially providing justification for a rate cut in September. Meanwhile, AI leader NVIDIA is set to release its earnings report after the U.S. stock market closes today. The "Mag7," a group of seven major tech stocks including NVIDIA, accounts for approximately 33% of the S&P 500 index's weight. NVIDIA's performance will serve as a key indicator for assessing growth driven by AI spending. However, research from MIT shows that 95% of AI projects have not achieved profitability, and the marginal returns of new-generation large language models are diminishing. The cryptocurrency market has recently shown weak performance, primarily due to sell-offs by large holders. If U.S. stocks decline further, it could undermine traditional financial investors' confidence in Bitcoin, triggering a new round of risk-off moves.
