AICoin Daily Report (July 16)

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20 hours ago

1. U.S. House Fails to Pass Procedural Vote on Cryptocurrency Bill, Will Hold Second Vote

According to Fox News, the U.S. House plans to attempt another vote on the rules of procedure for cryptocurrency-related legislation around 5:00 PM Eastern Time (5:00 AM Beijing Time). The President is "angry" and is communicating with lawmakers who are blocking the cryptocurrency bill from entering the House. Previously, it was reported that the procedural vote on the cryptocurrency-related bill in the House failed. -Original

2. U.S. June CPI Year-on-Year Recorded at 2.7%, In Line with Expectations, Market Volatility Increases in the Short Term

The U.S. released the June unadjusted CPI year-on-year, recorded at 2.7%, in line with expectations, with the previous value at 2.4%. -Original

3. Trump Claims Digital Assets Represent the Future, U.S. is Far Ahead in This Field

4. JPMorgan CEO Confirms Participation in Stablecoin-Related Business

On July 15, JPMorgan (JPM.N) CEO Jamie Dimon stated that the bank will participate in stablecoin and JPMorgan deposit coin-related business. -Original

5. UK Promotes Development of Distributed Ledger Technology and Asset Tokenization, Further Improving Cryptocurrency Regulatory Framework

The UK Treasury announced that it will support wholesale financial markets in exploring the best distributed ledger technology (DLT) and asset tokenization solutions, promoting the widespread application of blockchain technology in the financial sector. The government plans to establish a regulatory framework for cryptocurrency technology, having released a draft legislation on stablecoins in April this year. Meanwhile, regulators will test stablecoins and other digital payment solutions in a newly established digital securities sandbox. -Original

6. Citigroup Explores Issuing Stablecoins and Advancing Tokenized Deposit Solutions

Jane Fraser informed analysts that the bank is evaluating the issuance of stablecoins and advancing tokenized deposit solutions as part of a broader digital finance strategy. -Original

7. Ripple Announces Application for Luxembourg License, Plans to Expand Stablecoin RLUSD to EU Market

According to Bitcoin.com News, Ripple has applied for an electronic money license in Luxembourg, planning to introduce its stablecoin RLUSD to the European market. If approved, the license will allow RLUSD to operate across the EU, complying with the EU's Markets in Crypto-Assets Regulation (MiCA). In April this year, Ripple established a subsidiary named Ripple Payments Europe SA in Luxembourg, seemingly in preparation for the license application. Luxembourg has numerous banking institutions, providing diverse options for stablecoin issuers to store reserve funds, meeting MiCA's requirement that at least 60% of a stablecoin issuer's reserves must be held in banks. A Ripple spokesperson stated, "We see a huge opportunity in the European market and plan to comply with MiCA regulations." Last week, Ripple also appointed a New York bank as the primary custodian for the funds backing RLUSD. -Original

8. Arcadia Finance Attacked Again, Total Loss Reaches $3.5 Million, Raising Security Concerns

On July 15, according to CertiK monitoring, Arcadia Finance was attacked again today, with approximately $1 million (319 WETH) stolen, bringing the total loss amount to about $3.5 million. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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