headlines
▌Foreign media: 91% of the 21 million bitcoin supply has now been mined
Bitcoin Magazine (Bitcoin Magazine) tweeted that 91% of the 21 million Bitcoin supply has now been mined, and in the next 118 years, only 9% can be mined.
policy
▌Singapore's financial regulator plans to seek public opinion on stablecoin regulation
The Monetary Authority of Singapore (MAS) plans to solicit public opinions on stablecoin regulation in the next few months. MAS believes that the current stage should shift the focus of work from KYC/AML issues to stablecoin risks, focusing on reserves and exchange rate stability etc. Officially, the Monetary Authority of Singapore (MAS), the city-state’s main financial regulator, assesses the merits of a stablecoin regulatory regime. Current guidelines focus on KYC and anti-money laundering (AML) issues and do not reflect the specific risks that stablecoins are entitled to.
▌Robinhood’s encryption unit was fined $30 million by New York regulators for violating anti-money laundering and cybersecurity regulations
The Robinhood crypto division has been fined $30 million by the New York State Department of Financial Services (NYDFS) for violating anti-money laundering (AML) and cybersecurity regulations. Robinhood first publicly disclosed its investigation and settlement with the NYDFS a year ago in a report to the SEC.
cryptocurrency
▌Nansen: About US$2.7 billion of ETH was used to mint NFT in the first half of the year
Nansen said in an analysis report on NFT minting in the first half of 2022 that market participants spent 963,227 ETH (approximately US$2.7 billion) on the Ethereum blockchain to mint NFTs, of which 50.7 % of the ETH raised funds continue to be retained in NFT projects, and 45.7% of the ETH raised funds are transferred to non-physical wallets. 5 top NFT series raised 81,364 ETH through open casting, accounting for 8.4% of the total spent ETH in NFT casting in the first half of the year.
▌MicroStrategy’s second-quarter impairment of Bitcoin was $918 million
According to MicroStrategy's latest financial report, as of June 30, 2022, 129,699 bitcoins held by the company were acquired at a price of approximately US$4 billion, reflecting an average cost of each bitcoin of approximately US$30,664. At bitcoin's current price of about $23,000, those assets are worth about $3 billion.
▌WeiStrategy CEO transferred to the position of executive chairman, will focus on the acquisition and holding of Bitcoin and related advocacy programs
Michael Saylor announced Tuesday that he is stepping down as CEO of MicroStrategy and transitioning to a new role as executive chairman. Company president Phong Le will serve as the new CEO and board member. Saylor, who continues to serve as chairman of the company's board of directors, said: "I believe that separating the roles of chairman and CEO will allow us to better pursue our two strategies of acquiring and holding bitcoin and growing our enterprise analytics software. business. As Executive Chairman, I will be able to focus more on our Bitcoin acquisition strategy and related Bitcoin advocacy programs, while Phong will be empowered to manage overall company operations as CEO.”
important economic developments
▌Federal Reserve Evans: If inflation does not improve, raising interest rates by 50 basis points is a reasonable assessment for the September meeting
Fed Evans said he believes interest rates between 3.75% and 4% are high enough by the second quarter of 2023. If inflation does not improve, a 50 basis point hike is a reasonable assessment for the September meeting. It is still reasonable to expect that continued tightening of monetary policy next year will lead to a restrictive environment, but the labor market will remain fairly strong. A soft landing is possible, but the stakes are high.
Coinlive 
