Augustin Carstens: Supports coexistence of stablecoins and fiat currencies

After the opening of the US stock market, the market value evaporated by over $1.1 trillion. （Watcher.Guru）

According to The Block, Erald Ghoos, CEO of OKX Europe, stated that approximately 80% of cryptocurrency exchanges are unable to survive under MiCA regulations. The European Securities and Markets Authority has required unauthorized platforms to cease providing services to EU clients, with approximately 60% of European crypto users still using platforms that are not authorized by MiCA. Twenty out of the 27 member states of the European Union have ended their transition period, and companies that were not listed in the EU registry after July 1st are unable to legally provide services in the EU. Currently, over 200 service providers have been fully authorized.

At the opening of the US stock market, the Nasdaq fell 2.36%, the S&P 500 index fell 1.56%, and the Dow Jones Industrial Average fell 0.59%. SpaceX fell more than 3%, falling below its opening price of $150, and its total market value fell below $2 trillion. Tesla fell 3.7% as a fatal car crash into a residential building sparked an investigation by US regulatory agencies. IBM rose 2.5% as US President Trump signed an executive order to accelerate the development of quantum computers and publicly praised IBM.

US Senator Cynthia Lummis stated that the Clarity Act explicitly states that writing code does not constitute currency transfer behavior, and this distinction is crucial for developers. （Cointelegraph）

[Thailand's Department of Special Investigation Expands Crypto Money Laundering Probe, Involving Over $300 Million] According to Decrypt, Thailand's Department of Special Investigation has expanded its investigation into a transnational criminal network using cryptocurrency mining for money laundering, with annual amounts exceeding $300 million. The department has seized 6,390 mining machines, with illegal electricity theft losses amounting to $29 million, and issued arrest warrants for four Chinese financiers and four Myanmar nationals. The U.S. Secret Service has confiscated over $17.8 million in crypto assets linked to Wang Yicheng, who is alleged to be involved in pig-butchering scam operations. The investigation implicates multiple officials from Thailand's electricity agencies and law enforcement personnel, and the case has been handed over to the National Anti-Corruption Commission for further processing.