The People's Bank of China will conduct overnight reverse repo operations from August 27th to September 1st
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The People's Bank of China will conduct overnight reverse repo operations from August 27th to September 1st, using fixed interest rates and quantity bidding, with a daily operation volume not exceeding 600 billion yuan.
South Korea's top financial regulatory agency will accelerate discussions on cryptocurrency legislation and plans to launch the Digital Asset Basic Law this autumn, which covers regulatory rules in areas such as stablecoin issuance, virtual asset service provider (VASP) licenses, and Bitcoin ETFs.
Robinhood CEO Vlad Tenev stated in an interview with The Iced Coffee Hour that he personally loves cryptocurrency and has a fairly diversified investment portfolio. In the long run, he is optimistic about Bitcoin, but does not predict whether Bitcoin prices will reach $1 million in the future.
Yi Lihua, founder of Liquid Capital, said that the recent market views include the rebound from the low point, the end of the rebound from the peak in May, and the last opportunity to copy the bottom from July to August. However, the market judgment cannot be guaranteed to be correct. Every investment and transaction is a new start, so it is necessary to remain cautious and modest, and adhere to a good risk control strategy.
To maintain sufficient liquidity in the banking system, the People's Bank of China will launch a 500 billion yuan MLF operation on August 25, 2026, using a fixed quantity, interest rate bidding, and multi price bidding method, with a term of one year. (Central Bank)
