1. Trump's Team Expands Federal Reserve Chair Candidate List, Bowman and Jefferson Included

Trump's team has expanded the list of candidates for the 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 Declares Public Safety Emergency in Washington D.C.

President Trump has officially declared 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, just 8 minutes before the announcement. -Original

4. Wisconsin Proposes Legislation Requiring Bitcoin ATMs to Implement KYC

The Wisconsin Senate has introduced bill SB386, requiring Bitcoin ATMs to fully implement Know Your Customer (KYC) protocols, mandating identity information for transactions, with a limit of $1,000 per transaction, and collecting other personal information to enhance regulation. -Original

5. Senate Democrats Criticize Republican Crypto Bill for Evasion of Regulation

Democrats on the U.S. Senate Banking Committee criticized the Republican-proposed cryptocurrency legislation, calling it a "highway to regulatory evasion" for traditional assets, expressing concerns that assets like stocks could evade SEC regulation through tokenization. Democrats pointed out that the bill's definition of "ancillary assets" is too broad, potentially leading to insufficient investor protection and increased market risk. Additionally, Democrats expressed concern that the bill does not limit the impact of Trump's family's crypto business. -Original

6. S&P Grants First Credit Rating to DeFi Protocol, Sky Receives B- Rating

S&P Global Ratings has assigned a B- rating to Sky Protocol, with a stable outlook, marking the first time a credit rating agency has evaluated a DeFi protocol. -Original

7. Solana Memecoin BONK Receives $25 Million in Corporate Funding

Safety Shot will issue preferred shares that can be converted into common stock. -Original

8. Uniswap Foundation Proposes New Legal Entity DUNI in Wyoming

The Uniswap Foundation has proposed to establish a new legal entity named "DUNI" in Wyoming under the DUNA legal framework, to retain the existing governance structure and meet compliance requirements. 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 groundwork for future protocol fees while maintaining a decentralized governance model. -Original

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