the latest research report from Bank of America has deeply analyzed the potential revolutionary power of stablecoins in the financial system, pointing out that this digital asset, despite facing regulatory controversies, has already shown unique advantages in areas such as cross-border transactions and retail settlements. The research report clearly states that cross-border peer-to-peer (P2P) payments are the most disruptive application scenario for stablecoins - compared to traditional banking systems, their settlement efficiency and cost advantages are significant, and they may become an important channel for the flow of funds in emerging markets. It is worth noting that Shopify's move to allow merchants to accept USDC stablecoins has been seen as a landmark event in retail penetration, while the recent tokenization of UST bonds completing repurchase transactions on-chain further highlights institutional investors' recognition of stablecoin settlement functions. In terms of market demand, Bank of America estimates that the potential demand for stablecoins for US Treasury bonds in the next 12 months could reach $25 billion to $75 billion, but in the short term, it is not enough to reverse the supply-demand situation in the bond market.

as reported by Cointelegraph, the stock price of Strategy (MSTR) fell by 7.43% yesterday, closing at $336.57, the lowest level since April 17.

according to Coinglass data, in the past 24 hours, a total of 73,000 Ethereum has flowed into CEX, with the top three CEX in terms of inflow as follows:

the market shows SOL falling below $180, now trading at $179.98, with a 24-hour increase of 0.16%. The market is volatile, please manage risks.

Binance will launch the Plume (PLUME) airdrop activity at 13:30 on August 20, 2025, and super rebate members can share 380,000 PLUME. The event will take place from August 20, 2025 to August 27, 2025, and participation requirements include inviting friends to register and complete transactions. For more details, please check the event page.

7:00-12:00 Keywords: Besant, Powell, Intel

Federal Reserve Board Member Bauman: De-banking is an issue in the financial system.

according to official sources, decentralized trading aggregator 1inch has announced the launch of native cross-chain exchange functionality, supporting the exchange of assets between Solana and over a dozen Ethereum EVM networks. This new feature does not rely on cross-chain bridges and can be used in 1inch dApp, wallets, and Fusion+API.

 according to Fortune, Anthony Scaramucci's investment company SkyBridge Capital announced plans to tokenize about $300 million in assets and deploy them on the Avalanche blockchain. This funding accounts for approximately 10% of SkyBridge's managed assets, including funds focused on non-securities cryptocurrencies such as Bitcoin and other investment portfolio funds. Tokenization will be completed through the partner Tokeny.

the market shows ETH falling below $4200, now trading at $4197.92, with a 24-hour decline of 2.48%. The market is fluctuating significantly, please be prepared for risk control.

 Dow Jones Industrial Average hit a new all-time high during trading, with an increase of 0.6%.

according to the Coinglass liquidation heat map, if the price of Bitcoin falls to around $113,000, the cumulative long liquidation intensity of mainstream centralized exchanges is expected to reach $1.292 billion; on the contrary, if it breaks through $117,000, the cumulative short liquidation intensity may reach $868 million.

Nasdaq fell by 1%. Netflix (NFLX.O) stock price fell by 3.9%, marking the largest single-day decline in over a month.

Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), will participate in a fireside chat about Project Crypto at the SALT Wyoming Blockchain Conference today.

according to the market, the U.S. stock market continued to decline, with the Nasdaq index falling by 1.00%.

 large hedge fund Brevan Howard disclosed holding over $2 billion worth of the BlackRock Bitcoin spot ETF (IBIT).

Plasma mainnet test version will be launched on Aave, with a total locked USDT value (TVL) exceeding 1 billion US dollars at launch, becoming the second largest liquidity USDT market on all chains.

according to RIA Novosti: The Russian envoy said the atmosphere before the meeting between Putin and Trump was "tense". The meeting will cover the full range of Russian-American relations, not just the issue of Ukraine.

according to on-chain analyst @ai_9684xtpa monitoring, Huang Licheng's 22,298.53 ETH added leverage long position encountered a decline tonight, with a current floating loss of approximately $4.02 million, with an opening price of $4655.3.

according to Lookonchain monitoring, BitMine increased its holdings by 28,650 ETH (approximately $130 million) in the past hour, currently holding 1.174 million ETH (approximately $5.26 billion).