According to BlockBeats, Federal Reserve Governor Michelle Bowman has expressed support for allowing Federal Reserve employees to hold small amounts of cryptocurrency. Bowman believes that such holdings could enhance the employees' understanding of crypto products. She noted that restrictions on investment activities for Federal Reserve staff might hinder the recruitment and retention of skilled review personnel.

According to Cointelegraph, as the U.S. Congress remains in recess until September, there is growing anticipation for bipartisan support on legislation aimed at establishing a digital asset market structure. Senate Banking Committee Chair Tim Scott, speaking at the Wyoming Blockchain Symposium in Jackson Hole, expressed optimism that Democrats would join Republicans in advancing the Digital Asset Market Clarity (CLARITY) Act. This follows the recent passage of the Guiding and Empowering Nation’s Innovation for US Stablecoins (GENIUS) Act. Senator Scott, representing South Carolina, has been actively engaging with Democrats outside the banking committee to garner support for the bill. He noted that 18 Democrats had previously voted for the GENIUS Act and anticipated that between 12 and 18 Democrats might be open to supporting the more complex market structure legislation. The CLARITY Act, which passed the House on July 17, is expected to be complemented by a Senate version titled the Responsible Financial Innovation Act. This draft, released in July, aims to build on the CLARITY Act, though it may differ from the House's version. The Republican party holds a slim majority in the Senate, necessitating some Democratic support to pass the crypto market structure legislation. Senator Elizabeth Warren, a ranking member of the banking committee, has also weighed in on the matter during the congressional recess. In an interview on August 10, Warren emphasized the need for crypto regulation that is not influenced by the crypto industry itself, highlighting the importance of limiting corruption and preventing economic instability caused by cryptocurrencies. The passage of the CLARITY Act in the House, with support from over 70 Democrats, indicates potential bipartisan backing in the Senate. As the Senate prepares to reconvene on September 2, the focus will be on whether lawmakers from both parties can come together to support this significant piece of legislation aimed at providing clarity and structure to the digital asset market.

The popular cryptocurrency Shiba Inu is currently poised in anticipation of a significant breakout moment, as industry analysts are forecasting a potential surge in its value ranging from an impressive 100% to 150%. This optimism has sparked interest among investors and traders alike, who are keeping a close eye on market trends and indicators to determine the best time to act. As Shiba Inu continues to attract attention within the crypto community, many are eager to see if it can capitalize on the predicted momentum and achieve unprecedented heights in the near future. source: https://blocknews.com/shiba-inu-waiting-its-breakout-moment/

In just over 18 months, North Korean hackers, including the infamous Lazarus group, have used the same “hijacked multisig” technique to steal over $1. 75 billion worth of crypto, a figure dwarfing all other losses in the sector over the same period. There may be a solution, however, and it’s simpler than one might think source: https://protos.com/the-solution-to-cryptos-lazarus-problem-could-be-simpler-than-expected/

Weekly revenue climbs despite token decline and concerns over the platform’s transparency. source: https://solanafloor.com/news/pump-fun-revenue-hits-six-month-high-as-pump-faces-investor-distrust

The CLARITY Act awaits Senate consideration in September, with Senator Tim Scott saying he expects 12 to 18 Democrats to back the market structure bill. source: https://cointelegraph.com/news/senate-banking-committee-chair-support-crypto-market-structure?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The crypto company's private market backers include Jump Crypto and Pantera Capital. source: https://www.bankless.com/read/crypto-lender-figure-files-for-ipo

Circle's mainnet launch of Gateway offers instant cross-chain USDC access, enhancing liquidity and multi-chain operations. source: https://coincu.com/355995-circle-unified-cross-chain-usdc-access

Robinhood is diving into sports betting following its partnership announcement with prediction market platform Kalshi. source: https://www.bankless.com/read/robinhood-adds-football-prediction-markets

In a new report, the firm said the crypto bull cycle may extend into 2027, driven by supportive U. S. source: https://coindoo.com/crypto-bull-market-could-run-until-2027-bernstein-predicts/

The so-called "51% attack" recently launched by Qubic on Monero (XMR) was actually a carefully planned psychological warfare and propaganda strategy, rather than a true attack on computing power hegemony.

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.

On the one hand, institutions are entering the market in large numbers, and on the other hand, early players are leaving with profits. The Ethereum network is staging a staking tug-of-war worth $5 billion.

Ronin’s return to Ethereum signals that the public chain ecosystem will move towards Ethereum’s second-layer expansion, sharing security and prosperity.

I believe that in this wave of blockchain companies going public, we will see more RWA-related companies ringing the bell.

ETF, staking, ETH, "Staking, ETF, Treasury" three arrows simultaneously launched: Is the value logic of Ethereum being rewritten? Golden Finance, Ethereum is standing at an unprecedented "multi-narrative resonance" node.

Theoriq is a DeFi project focused on intelligent on-chain asset management, aiming to provide users with automated asset management services through a multi-agent architecture.

Tech giant Google has increased its stakes over Bitcoin miner TeraWulf to 14% from the previous 8%, officially becoming its largest shareholder after expanding financial support in a lease agreement with AI Infrastructure provider Fluidstack.

As an emerging financial infrastructure, stablecoins play an important role in improving payment efficiency and connecting on-chain crypto finance with traditional finance, but they also bring new risks and challenges.

WazirX reported over 95% approval for its amended restructuring plan after a $230 million hack in 2024. Despite this, many users remain sceptical, and the plan still requires Singapore court approval before funds can be returned.