WHITE HOUSE TO INVESTIGATE CRYPTO COMPANY ACCOUNT BLOCKING

* President Trump plans to issue an executive order addressing the phenomenon known as “debanking.”

* Its goal is to investigate reports of bank account closures targeting cryptocurrency companies and other entities for political reasons.

* The order will require federal banking regulators to analyze this practice.

REMITLY TO INTRODUCE STABLECOINS FOR INTERNATIONAL REMITTANCES

* Payment company Remitly plans to integrate stablecoins into its global money transfer network.

* The goal is to accelerate international transfers and reduce their costs.

* The implementation of stablecoins will cover the company’s entire payment network, streamlining global transactions.

SEC CLARIFIES REGULATIONS, EXCLUDES SOME STABLECOINS

* The U.S. Securities and Exchange Commission (SEC) issued new guidance regarding stablecoins.

* It clarifies that certain types of stablecoins will not be classified as securities.

* This decision marks a significant change in the U.S. regulatory approach to the cryptocurrency market.

SOUTH KOREAN BANKS FILE 80 TRADEMARKS FOR STABLECOINS

* South Korean banks have filed over 80 applications for trademarks related to stablecoins.

* These actions respond to the country’s new comprehensive legal framework for cryptocurrencies.

* The applications indicate banks’ plans to potentially launch their own stable digital currencies.

INCOME-BEARING STABLECOIN SUPPLY SURGES AFTER NEW LAW

* The supply of income-bearing stablecoins has surged following the enactment of the U.S. GENIUS Act.

* Since the law was signed on July 18, the supply of the USDe stablecoin has increased by 70%, and USDS by 23%.

* The law has created a more favorable regulatory environment for such digital assets in the U.S.

STRATEGY EXPANDS BITCOIN RESERVES BY \$2.46 BILLION

* Strategy (formerly MicroStrategy) made the third-largest bitcoin purchase in its history.

* Between July 28 and August 3, the company acquired 21,021 BTC for \$2.46 billion.

* The company’s total holdings have risen to 628,791 bitcoins, reinforcing its position as the world’s largest corporate BTC holder.

BLACKROCK BITCOIN FUND SEES LARGEST OUTFLOW IN 9 WEEKS

* BlackRock’s iShares Bitcoin Trust (IBIT) recorded a net outflow of \$292 million.

* This marks the largest single-day capital outflow from the fund in nine weeks.

* Monday’s outflow ended a period of relative stability for the fund.

CheckDot is SAFU