Overview of Key Developments on the Evening of August 20
12:00 (UTC+8) - 21:00 Keywords: HKEX, OpenAI, BIO, Bank of America 1. Trump: Federal Reserve Governor Cook must resign 2. HKEX’s Chen Yiting: HKEX will explore a 24-hour trading mechanism 3. OpenAI CFO: Will consider going public at some point in the future 4. Sources: China is considering allowing the use of RMB-backed stablecoins for the first time 5. US SEC Chair: The SEC will immediately begin implementing the President’s cryptocurrency recommendations 6. Arthur Hayes reportedly opened a position of 7.66 million BIO, worth $1.1 million, about half an hour ago 7. Bank of America: Disruptive stablecoin applications in cross-border P2P payments could generate up to $75 billion in annualized US Treasury demand