Ten years after the UK Financial Conduct Authority launched the fintech regulatory sandbox, although the model has become popular around the world, there is still a lack of strong empirical evidence on the actual effect of its core concept - combining regulatory relaxation with guidance.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

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Recommended reading for tonight: 1. The driving force behind ETH's 4-month comeback and DeFi tokens worth watching; 2. The rise of private currencies: Tether, Bitcoin, and the "Genius Act"; 3. The rise of DATs: From holding Bitcoin to yield management;

In the crypto market, is Bitcoin facing an "August crisis" or a "golden layout"? Golden Finance reports that this week's crypto market presented an "extreme interpretation of the bull-bear game."

On an ordinary summer day in Washington, D.C., President Trump signed a seemingly low-key executive order, a document that has the potential to rewrite the American retirement investment landscape for decades.

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An Argentine blockchain developer known as “Fede’s Intern” has found himself locked up by the Turkish authorities for allegedly misusing Ethereum.

BNC, a company listed on Nasdaq, purchased 200,000 Binance Coins for $160 million and aims to raise up to $1.25 billion to increase its BNB holdings. This reflects a rising trend of firms investing in BNB as part of their corporate crypto portfolios.

英国の財務省は、現実資産（RWA）トークン化の2つの使用事例に関するレポートを発表。デジタル証券やトークン化MMFの可能性を探っている。 source: https://coinpost.jp/?p=519490

일본 대형 금융그룹 노무라홀딩스 암호화폐 자회사 레이저디지털(Laser Digital)과 웹3 인큐베이션 허브 웹N그룹이 개발한 폴리곤 CDK 기반 기관용 토큰화 프로토콜 Libre가 정식 출시됐다고 더블록이 전했다. 첫 고객은 암호화폐 전문 투자사 브레반하워드, 사모펀드 운용사 해밀턴레인이다. Libre는 대체 투자에 중점을 두고 있으며 블랙록 같은 자산운용사의 머니마켓펀드(MMF)에도 액세스를 제공한다는 설명이다.

BitMEX co-founder Arthur Hayes compared in detail the different impacts of bank financing tools "Buy Default" (BTFP) and the "Discount Window" (DW). Under the BTFP mechanism, banks can use bonds with a market value of $80 as collateral to obtain a $100 loan from the Federal Reserve Bank. In the discount window operation, an $80 bond can only be exchanged for an $80 loan. Hayes pointed out that if the Fed does not cut interest rates or slow quantitative tightening (Qt) at the March FOMC meeting, there may be a large-scale sell-off in the bond market, which in turn will exacerbate losses in held-to-maturity (HTM) securities on bank balance sheets. This will cause depositors to turn to money market funds (MMFs) for higher interest rates, putting banks under pressure to repay depositors' funds. In this case, without the support of the "buy-out default" (BTFP) mechanism, banks can only rely on the "discount window" (DW) to obtain loans at market value, and the market value decreases as bond prices fall, which ultimately This may result in the bank going bankrupt due to its inability to cover unrealized losses.