TREE NEWS update: Circle has received final OCC approval to establish a National Trust Bank, becoming one of the first stablecoin issuers to enter the US federal banking system. This move, driven by the GENIUS Act’s regulatory framework, signals a shift from restrictive to integrative regulation of Web3 infrastructure, with implications for stablecoin issuance and payment infrastructure. The charter allows Circle to operate under federal oversight, potentially reducing state-level compliance costs and enabling future access to Federal Reserve payment systems.
TREE NEWS reports: Gate.io’s Aligned (ALIGN) Launchpool is ongoing, with the USDT pool currently holding over 93.68 million tokens staked. The campaign allows users to stake USDT to farm ALIGN tokens.
TREE NEWS reports: A coalition of US banking groups has announced plans to launch a nationwide blockchain network by 2027, aiming to build shared infrastructure for tokenized deposits and onchain payments. The initiative, named BankChain, joins a growing trend of bank-led networks exploring blockchain-based financial services.
TREE NEWS reports: Strive CEO Matt Cole argues that the US fiscal trajectory is unsustainable and that the Treasury’s attempts to cap long-term yields will fail, leading to a dollar decline and a surge in bitcoin. He highlights the 5.25%-5.85% range for the 10-year yield as a critical resistance zone, predicting eventual massive intervention and a weaker dollar, which would be unprecedented for bitcoin.
TREE NEWS reports: Hong Kong stocks rose at midday with the Hang Seng Index gaining 0.68%, led by a rebound in tech and internet stocks. The market showed resilience amid broader regional gains.
TREE NEWS update: Chinese AI companies, including MiniMax, are facing unprecedented short selling, with short interest reaching 20% of circulating shares. This reflects bearish sentiment amid market volatility and regulatory uncertainties in the tech sector.
TREE NEWS update: Meme coin Jimothy’s market cap briefly exceeded $20 million, up 23.4% in 24 hours. The rapid rise highlights continued speculative interest in meme tokens.
TREE NEWS update: US AI-related stocks continued to decline, with Nvidia falling 3% for a seventh straight session, while Alibaba’s HK$80 billion share placement to fund AI infrastructure triggered a 10% drop in its Hong Kong shares. The market is shifting from AI narrative-driven valuations to demanding cash flows and returns, and all eyes are on Fed Chair Warsh’s speech at Jackson Hole on Friday for policy direction.
TREE NEWS reports: Russian telecom operators and e-commerce platforms will begin accepting the digital ruble for payments starting in September. This marks a significant step in the rollout of Russia’s central bank digital currency (CBDC), expanding its use beyond pilot phases.
TREE NEWS reports: Nvidia CEO Jensen Huang personally reviews the compensation of all employees, leading to 78% of staff becoming millionaires. The company’s strong performance and stock surge have created significant wealth for its workforce.
TREE NEWS update: RockawayX, a crypto investment firm, has acquired Relayer Capital, a crypto hedge fund, to bolster its presence in the US market. The move aims to expand RockawayX’s footprint and capabilities in the American crypto landscape.
TREE NEWS reports: Unitree’s stock has dropped about 45% from its peak since listing, sparking concerns about a potential bubble. This significant decline reflects market volatility and investor anxiety over high valuations.
TREE NEWS update: SK Hynix’s official flagship store on a Chinese e-commerce platform is slated to cease operations, though the company’s China division states it is not directly operated by them. This move reflects adjustments in the company’s sales strategy in the Chinese market.
TREE NEWS reports: Bitget has listed DJT stock perpetual contracts, allowing users to trade tokenized equities with leverage. This move expands Bitget’s offerings in the crypto derivatives space, bridging traditional stocks with digital assets.
TREE NEWS reports: Justin Sun has initiated a redemption of 5,000 ETH after a year-long wait. The move comes as part of his ongoing crypto asset management activities.
TREE NEWS reports: Ahead of Nvidia’s Q2 earnings, options imply only a 5.4% move, the calmest in two years, signaling investor complacency. Analysts warn that a routine beat and raise may not suffice; the focus is on capital deployment and AI demand sustainability. Nvidia’s stock has underperformed the S&P 500 this year, and its recent moves into AI financing have raised questions about circular economics.
TREE NEWS update: Token unlock data from RootData indicates that 2Z will unlock tokens worth approximately $7.64 million in one week. This event could impact the token’s supply and market dynamics.
TREE NEWS reports: OpenAI has experienced the departure of at least 14 senior executives this year, signaling significant leadership turnover as the company prepares for a potential IPO. This ongoing change in key personnel comes amid heightened scrutiny and strategic shifts within the AI giant.
TREE NEWS update: The on-chain market is seeing renewed interest as BTC and ETH rally, with meme coins like $CASHCAT hitting new highs. However, gains are concentrated in established tokens, indicating lagging market sentiment. Positive comments from Robinhood CEO and CZ on US stock memes, combined with potential Binance-Robinhood collaboration, could fuel a stronger altcoin season.
TREE NEWS update: A dormant whale has resumed accumulating HYPE, adding $6.5 million worth after a two-month pause, bringing its total holdings to $95.6 million. The move signals renewed interest in the token amid market activity.