1. The Trump team expands the list of candidates for the Federal Reserve Chair, with Bowman and Jefferson included.
The Trump team has expanded the list of candidates for Federal Reserve Chair, including Fed Governor Bowman and Vice Chair Jefferson. The White House is expected to announce the final candidate this fall. -Original
2. Trump announces a public safety emergency in Washington, D.C.
U.S. President Trump officially announces a public safety emergency in Washington, D.C. -Original
3. Circle issues 100 million USDC on Ethereum.
Circle issued 100 million USDC on the Ethereum network on August 12, 8 minutes before the announcement. -Original
4. Wisconsin proposes legislation requiring Bitcoin ATMs to implement KYC.
The Wisconsin Senate proposes bill SB386, requiring Bitcoin ATMs to fully implement identity verification (KYC), transactions must provide identity information, with a single transaction limit of $1,000, and collect other personal information to enhance regulation. -Original
5. Senate Democrats criticize Republican crypto bill for evading regulation.
Democrats on the U.S. Senate Banking Committee criticize the cryptocurrency legislation proposed by Republicans, calling it a 'highway for regulatory evasion' for traditional assets, expressing concerns that stocks and other assets could evade SEC regulation through tokenization. Democrats point out that the definition of 'ancillary assets' in the bill is too broad, which could lead to insufficient investor protection and increased market risk. Additionally, Democrats expressed concern over the bill's lack of restrictions on the Trump family's crypto business influence. -Original
6. S&P grants its first credit rating to a DeFi protocol, Sky receives a B- rating.
S&P Global Ratings has rated Sky Protocol as B- with a stable outlook, marking the first assessment of a DeFi protocol by a credit rating agency. -Original
7. Solana Memecoin BONK receives $25 million in corporate funding.
Safety Shot will issue convertible preferred stock. -Original
8. The Uniswap Foundation plans to establish a new legal entity DUNI in Wyoming.
The Uniswap Foundation proposes to adopt the DUNA legal framework in Wyoming, establishing a new legal entity named 'DUNI' to retain the existing governance structure and meet compliance needs. The foundation plans to allocate $16.5 million in UNI to this entity to settle historical taxes and fines, and to establish a legal defense budget. This move aims to lay the foundation for future protocol fees while maintaining a decentralized governance model. -Original
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