Selected News

1. Altcoins follow the market with a general decline, RAY drops over 9% in 24 hours

2. X Layer network's trading volume decreased by 12.86% in the past 24 hours, falling to $37.348 million

3. Goldman Sachs expects the Federal Reserve to cut interest rates three times this year

4. South Korea's financial regulatory agency will submit a stablecoin regulation bill in October

5. Thailand launches Tourist Wallet for foreign tourists, cryptocurrency features still in sandbox phase

Featured Articles

1. 《After 1194 Days of Collapse, the $40 Billion Stablecoin Pioneer Faces Justice》

From elite schools in Seoul to Stanford, from skyscrapers in Singapore to a dilapidated prison in Montenegro, Do Kwon's life trajectory resembles a parabola, rapidly rising and then plummeting, ultimately shattering into pieces.

2. 《Losing $280 Million in Six Months but Still Aiming for IPO, Gemini Hopes to Raise Funds to "Repay Debts"》

Following stablecoin issuer Circle and cryptocurrency exchange Bullish, cryptocurrency exchange Gemini is also preparing to go public in the U.S. Gemini recently submitted its prospectus, aiming to list on the NASDAQ under the ticker symbol "GEMI," with Goldman Sachs and Citigroup serving as lead underwriters.

On-chain Data

On-chain capital flow situation as of August 18

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