Bitget App
Trade smarter
News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
No resultsFlash
- 23:01Federal Reserve's Barr expresses concerns over Bitcoin-backed stablecoinsJinse Finance reported that Federal Reserve Governor Michael Barr expressed concerns that under the newly passed GENIUS Act, stablecoins might use bitcoin as a reserve asset, which could threaten the stability of these digital payment tools. Barr acknowledged the potential advantages of stablecoins in international remittances, cross-border trade, and corporate financial management, but emphasized that there are significant regulatory loopholes under current frameworks. Although the GENIUS Act does not directly support bitcoin as a reserve, it allows holding "any medium of exchange authorized or adopted by a foreign government" as a reserve asset. Barr pointed out that El Salvador once adopted bitcoin as legal tender and still allows voluntary transactions, so issuers might argue that bitcoin buybacks could qualify as eligible reserve assets for stablecoins.
- 23:01某交易所.eth purchased UPONLY NFT from Cobie with 25 million USDCAccording to Jinse Finance, Arkham monitoring shows that a certain exchange.eth (0x17F) purchased the UPONLY NFT from Cobie: maniac.eth (0x2eB) with 25 million USDC.
- 23:01an exchange: Some platform functions may still be unstable, services are being restoredJinse Finance reported that the support team of a certain exchange stated that due to today's AWS outage, the company's services are gradually recovering, but some platform functions may still experience instability. The exchange will continue to provide updates as new developments arise.