AiCoin Daily Report (August 12)

1. Trump's team expands the candidate list for Fed Chair, with Bowman and Jefferson included.

The Trump team has expanded the list of candidates for the Fed chair position, including Fed Governor Bowman and Vice Chair Jefferson. The White House is expected to announce the final candidates this fall.

2. Trump announces a public safety emergency in Washington D.C.

President Trump officially announced a public safety emergency in Washington, D.C. - Original text

3. Circle issued 100 million USDC on Ethereum

Circle issued an additional 100 million USDC on the Ethereum network on August 12, 8 minutes before the announcement was made. -Original text

4. Wisconsin plans to legislate requiring Bitcoin ATMs to implement KYC.

The Wisconsin State Senate has proposed Bill SB386, which requires Bitcoin ATMs to fully implement identity verification (KYC). Transactions must provide identity information, with a single transaction limit of $1000, and collect other personal information to enhance regulation.

5. Senate Democrats criticize Republican cryptocurrency bill for evading regulation

The Democratic members of the U.S. Senate Banking Committee criticized the cryptocurrency legislation proposed by the Republican Party, calling it a "highway for regulatory evasion" for traditional assets, and expressing concerns that assets like stocks could evade SEC regulation through tokenization. The Democrats pointed out that the definition of "ancillary assets" in the bill is too broad, which could lead to insufficient investor protection and increased market risk. Additionally, the Democrats expressed concern that the bill does not limit the impact of Trump family's cryptocurrency business.

6. S&P gives credit rating for DeFi protocols for the first time, Sky receives a B- rating.

S&P Global Ratings has assigned a rating of B- to Sky Protocol with a stable outlook, marking the first assessment of a DeFi protocol by a credit rating agency - original text

7. Solana Memecoin BONK receives $25 million in corporate funding.

Safety Shot will issue preferred shares that can be converted into common stock. -Original

8. The Uniswap Foundation plans to establish a new legal entity DUNI in Wyoming.

The Uniswap Foundation proposed to adopt the DUNA legal framework in Wyoming to establish a new legal entity named "DUNI" to preserve the existing governance structure and meet compliance requirements. The foundation plans to allocate $16.5 million in UNI to this entity to settle historical taxes and fines, as well as to establish a legal defense budget. This move aims to lay the groundwork for future protocol fees while maintaining a decentralized governance model. -Original text

The above is a selection of hot topics in the last 24 hours. For faster news, please download AiCoin ()