Binance Announces the Launch of PYPLUSDT(PYPL), PYPLUSDT(GS), PYPLUSDT(SMH)

According to members of the South Korean National Assembly, the Minister of Finance, Governor of the Bank of Korea, and heads of financial regulatory agencies will hold a meeting on Thursday afternoon local time to discuss the current financial market situation and related policy issues.

According to Cointelegraph, the Stablecoin Sprint policy report released by the Financial Conduct Authority (FCA) in the UK shows that cross-border payments are the most clear recent application scenario for stablecoins, and the adoption of stablecoins by domestic retailers in the UK is expected to be relatively slow. Participating institutions stated that stablecoins have significant advantages in emerging markets, but their advantages are limited in channels with existing fast and inexpensive payment systems. British consumers lack the motivation to switch, and merchants can benefit from lower costs and faster settlements. The final rule released by FCA on June 30th requires stablecoins issued in the UK to be fully endorsed by reserve assets and redeemed at face value.

According to on chain analyst Yu Jin's monitoring, an address withdrew 40000 ETH from Binance to the chain, worth $76.67 million.

According to Hyperinsight monitoring, SKHX rebounded more than 11% from $879.4, and at 0xc8b, the giant whale bought 31968.2 units of SKHX, with a turnover of $31.389 million and an average price of $981.9. SKHX is currently reporting $976.62. The address holds multiple orders with 3x leverage, resulting in a floating loss of $169000 and a liquidation price of $553.70. This position set a record for a single position held at this address and rose to the top 1 of the SKHX long position chart. This address has been active since July 24th, with trading targets involving Micron, SanDisk, and Hynix, all in the long direction. Micron's single round warehouse construction scale ranges from 28 million to 29.3 million US dollars; The address opened a $14.66 million SanDisk multiple order last night and left at a loss at noon today.

Michael Burry stated that NVDA's 5-year credit default swaps are soaring and pointed out the risk of excessive expansion in the company's spending in the AI field. （Cointelegraph）