On July 18, according to The Fact, South Korean crypto exchange Bithumb signed an agreement with local Financial Institution Group Nonghyup Bank to manage the deposits of exchange users as risk-free assets, with the aim of paying users digital asset deposit management profits. The cooperation is in preparation for compliance with the Virtual Asset User Protection Law, which is scheduled to be promulgated on July 19.
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U.S. stocks opened lower and went lower. All three major indexes closed sharply lower. The Nasdaq fell 2.7% and fell 2.59% this week; the S & P 500 fell 1.97% and fell 1.53% this week; the Dow fell 1.69% and fell 0.96% this week. Large technology stocks fell generally. Netflix, Google, Amazon, and Meta fell more than 4%. Tesla, Microsoft, and Intel fell more than 3%. Apple fell more than 2%. Nvidia fell more than 1%.
Fidelity bought nearly $100 million worth of Bitcoin today, and Fidelity's Bitcoin ETF (FBTC) received an inflow of $94.20 million from Coinbase Prime, according to the latest data from Arkham. As of now, the total value of Bitcoin held by Fidelity FBTC has reached $16.60 billion.
According to AXIOS, a senior White House official has revealed that the Trump administration is unexpectedly considering higher taxes on wealthy Americans. Some White House officials believe that higher taxes on high-income groups will provide room for other priority issues. It also helps to blunt attacks from Democrats at a time when Republicans are trying to extend President Donald Trump's 2017 tax cuts.
According to market news, the U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its advisory opinion on the listing of virtual currency derivatives.
On March 29th, according to the US Geological Survey Earthquake Information Network, a magnitude 6.6 earthquake occurred in the central waters of the Mid-Atlantic Ridge at 1:17 am Beijing time on the 29th. The epicenter was located at 0.72 degrees north latitude, 29.76 degrees west longitude, and the focal depth was 6.4 kilometers.
The Federal Deposit Insurance Corporation (FDIC) has issued new guidance that states that agencies regulated by the FDIC can participate in'permitted 'crypto activities without prior approval from the FDIC.