Coinbase CEO: White House Digital Asset Report Highlights Market Legislation to Help US Become Global Cryptocurrency Center

Meme coin loses ground amid broad risk-off sentiment and $0.000025 support test

According to Whale Alert monitoring, an address containing 306 BTC (approximately $35.16 million) has just been activated after being dormant for 12.4 years, according to Foresight News.

HTX-BTC perpetual contract is now reported at $115642.8. According to market contract position analysis, the main force lacks confidence in the future market, and the price may fall. Please hold positions reasonably and control risks

Golden Finance reports that significant progress has been made in the merger plan between American Bitcoin Corporation (ABC) and Gryphon Digital Mining. Gryphon has submitted a proxy statement to the US Securities and Exchange Commission (SEC) on July 31st and will hold a shareholder vote on August 27th. The SEC also approved the S-4 registration statement to take effect, clearing regulatory barriers for the advancement of the transaction.

BlockBeats News: On August 1st, according to official sources, the stablecoin protocol Resupply announced that the $10 million bad debt has now been fully repaid. Among them, $8.8 million in bad debts related to recent security vulnerabilities have been repaid first. The remaining bad debt of $1.13 million will be covered by a loan obtained from Yearn, and will be gradually repaid through the proceeds generated from the RSUP pledged in Convex and Yearn Finance through an agreement. At this point, all bad debts have been officially cleared.