Trump backs crypto firms as banks fight stablecoin yield rules, complicating the CLARITY Act while regulators move to enforce GENIUS Act limits.
Bitcoin slid as much as 5% below $65,000 after Trump raised a temporary global tariff to 15%, following a Supreme Court ruling that voided prior duties.
Business
UAE central bank approves dirham-backed stablecoin DDSC for launch on ADI Chain, led by IHC, Sirius and FAB, targeting regulated payments and settlement in UAE.
Bitcoin & Altcoins
Trump backs crypto firms as banks fight stablecoin yield rules, complicating the CLARITY Act while regulators move to enforce GENIUS Act limits.
AI
The U.S. government has directed TSMC to halt exports of advanced AI processors to China, imposing new restrictions on shipments due to national security concerns and compliance with trade regulations.
Policy
Beijing broadens digital asset rules to stablecoins and tokenized assets, reinforcing approval requirements and oversight for overseas digital finance activity.
Ethereum & NFTs
With the launch of spot bitcoin and ether ETFs, Hong Kong emerges as a trailblazer in Asian crypto trading, reshaping investment strategies.
FinTech
Binance is set to launch four new trading pairs on September 4, 2024, including AAVE/USDC, as part of its strategy to expand offerings amid market fluctuations.
