Crypto Morning News: White House will punish banks that discriminate against crypto companies, Bullish submits IPO application to the SEC

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SharpLink Gaming increased its holdings by 18,680 Ethereum, with a total of 498,884 Ethereum.

Author: TechFlow

Market Dynamics Yesterday

WSJ: White House Prepares Executive Order to Punish Banks Discriminating Against Crypto Companies and Conservatives

According to the Wall Street Journal, the White House is preparing to increase pressure on large banks by drafting an executive order that threatens to fine banks that refuse service to clients for political reasons, targeting alleged discrimination against conservatives and cryptocurrency companies.

A draft executive order obtained by the Wall Street Journal indicates that the order will instruct banking regulators to investigate whether financial institutions have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.

Bloomberg: US CFTC Considering Allowing Futures Exchanges to Conduct Spot Cryptocurrency Contracts

According to Bloomberg, the US Commodity Futures Trading Commission (CFTC) is exploring allowing registered futures exchanges to launch leveraged digital asset trading, including Ethereum and Bitcoin.

CFTC Acting Chair Caroline Pham stated that the agency can immediately implement a clear and simple solution. The CFTC has requested public comments by August 18th on conducting spot cryptocurrency contracts on CFTC-registered futures exchanges.

[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]

This article introduces the comprehensive brand upgrade plan of the cryptocurrency trading platform Hotcoin, focusing on its strategic transformation from a "tool provider" to a "value co-builder". The upgrade covers visual optimization, functional improvements, and user experience enhancement, aiming to build a more secure, transparent, and supportive global crypto asset trading platform.

Crypto Valuation and Financing in the Bubble Cycle: A Life Game of Timing

The article discusses financing and valuation in the cryptocurrency industry, analyzing the roles of different types of venture capital (VC), the impact of financing rounds on valuation, bubble cycle theory, and the influence of market environment on project valuation. Additionally, the article emphasizes the importance of "good timing trumps everything" and explores investment logic and its uncertainties in the crypto industry through multiple cases and perspectives.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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