The White House Reiterates Support for Trump's Nomination of Brian Quintenz as CFTC Chairman
July 31st: According to Bloomberg, the White House has once again expressed its support for Trump's nominee, Brian Quintenz, to serve as the chairman of the U.S. Commodity Futures Trading Commission (CFTC). Previously, the confirmation of Brian Quintenz as CFTC chairman was postponed. On Monday, the Senate Agriculture Committee abruptly called off the vote on Quintenz's nomination. However, the White House made it clear on Wednesday that Quintenz still remains the top candidate for the position and they anticipate his prompt confirmation.
Quintenz, a former CFTC commissioner, is currently serving as the policy head of the renowned venture capital firm a16z's crypto department. Last week, his name was also unexpectedly removed from the voting list during another meeting of the same committee. Although the official reasons for his removal were not disclosed, it is widely speculated in the public that there may be problems with his nomination.
Yesterday, crypto journalist Eleanor Terret
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US Tech Stocks See Significant Pre-market Gains, NVIDIA Hits New All-time High Market Cap
On July 31st, according to the market data from RockFlow, after the solid financial reports of Microsoft and Meta, the major U.S. tech stocks witnessed significant pre-market gains. The pre-market gain of Nvidia reached 2.48% and is currently up by 1.68%, setting a new all-time high in market value. For other tech stocks: Microsoft (MSFT) increased by 8.3%; Meta Platforms (META) rose by 12%; Apple (AAPL) went up by 0.24%; Amazon (AMZN) advanced by 3.39%.
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Deutsche Bank's DWS Teams Up with Galaxy to Launch Germany's First Regulated Euro-Backed Stablecoin - EURAU
On July 31st, according to Bloomberg, Deutsche Bank's DWS, in partnership with Galaxy, has launched Germany's first regulated Euro stablecoin, EURAU. Deutsche Bank's asset management subsidiary DWS, Flow Traders, and Galaxy's joint venture AllUnity obtained an Electronic Money Institution (EMI) license from the German Financial Supervisory Authority (BaFin) at the beginning of the month and announced the issuance of Germany's first regulated Euro stablecoin, EURAU. EURAU will fully adhere to the European Markets in Crypto-Assets (MiCA) framework, be 100% backed, and provide institutional-grade transparency through reserve proof and regulatory reports. This stablecoin can be used for 24/7 instantaneous cross-border settlements, enabling seamless integration for regulated financial institutions, fintech companies, and corporate clients in Europe and other regions.
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Base Layer Token Ecosystem Experiences Price Surge, CLANKER Up by 31.96% in the Last 24 Hours
On July 31st, based on GMGN market data, the Base ecosystem tokens generally witnessed a rise. These include:
CLANKER saw a 31.96% increase within the last 24 hours. Its current market value is $58 million, and the 24-hour trading volume is $5.3 million.
BNKR saw a 40.99% increase in the last 24 hours. Its current market value is $84 million, and the 24-hour trading volume is $15.65 million.
DRB saw a 35.91% increase in the last 24 hours. Its current market value is $22.48 million, and the 24-hour trading volume is $2.24 million.
noice saw a 5.13% increase in the last 24 hours. Its current market value is $29.5 million, and the 24-hour trading volume is $2.06 million.
KTA saw a 4.9% increase in the last 24 hours. Its current market value is $1.2 billion, and the 24-hour trading volume is $17.5 million.
MAMO saw a 12.13% increase in the last 24 hours. Its current market value is $120 million, and the 24-hour trading volume is $1.27 million.
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Binance Wallet: Treehouse (TREE) Booster Phase 1 Reward Distribution Has Ended
July 31, Binance Wallet Announcement: The reward distribution for the first stage of the Treehouse (TREE) Booster event has come to an end. Since the total accumulated reward value has reached $750,000, there will be no more distributions. The remaining tokens will be allocated to the second stage of the event.
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