NEWS DIGEST – 07.08.2025 πΒ
π§ 1. Trump Signs the GENIUS Act πΊπΈ
President Trump has signed the GENIUS Act, creating the first official U.S. stablecoin regulation framework πͺ. It includes asset-backing, regular audits, and innovation support. Major step for global crypto legitimacy π.
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π¦ 2. Hong Kongβs Stablecoin Rule Triggers Privacy Concerns ππ°
As of August 1, Hong Kong requires all stablecoin users to undergo strict KYC π¬. While itβs aimed at AML compliance, many in the crypto industry say it could kill privacy and user trust π΅οΈββοΈπ.
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π° 3. Bitcoin Holds Strong Above $114,500 π
Bitcoin is holding support at $114.5K, showing signs of a possible breakout if resistance breaks π. Institutions are returning, and the bulls are watching ππ.
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πΊπΈ 4. U.S. βProject Cryptoβ Gets Real
Trumpβs broader digital asset vision, Project Crypto, gains momentum as Washington leans into blockchain infrastructure ποΈ. Expect more pro-crypto policy moves soon π.
