Miniprogram: Daily Cryptocurrency News Summary

Bitcoin mining difficulty has been lowered by 4.19% to 86.87T.

According to BTC.com data, bitcoin mining difficulty experienced a 4.19% decrease to 86.87 T at block height 856,800 (7:59:21) due to mining difficulty adjustment. Currently, the average network hashrate over the past seven days is 625.7 EH/s.

Goldman Sachs and Morgan Stanley collectively purchased more than $0.6 billion worth of Bitcoin spot ETFs in the second quarter of this year.

According to a Reuters report, regulatory filings released on Wednesday showed that Goldman Sachs and Morgan Stanley collectively purchased more than $0.6 billion of Bitcoin spot ETFs in the second quarter of this year. Goldman Sachs' quarterly disclosure document (13-F) submitted to the U.S. Securities and Exchange Commission (SEC) shows that as of June 30, it has purchased a total of approximately $0.418 billion in Bitcoin spot ETFs, most of which are held by BlackRock IBIT, with a total of nearly 7 million shares, worth approximately $0.238 billion. At the same time, Goldman Sachs also holds a large number of Fidelity FBTC and Invesco Galaxy Bitcoin ETF shares. As of June 30, Morgan Stanley also held 5.5 million shares of BlackRock IBIT, worth $0.188 billion. The bank also holds a small amount of Ark ARKB and Grayscale GBTC shares.

Data: More than 45% of the total Bitcoin supply has not moved in the past six months.

According to on-chain data from Glassnode, more than 45% of the total Bitcoin supply has not moved in the past six months. Long-term holders (LTHs) held assets for at least 155 days and showed strong willingness to hold even after Bitcoin reached a new historical high. Experts predict that the global liquidity trend and loose financial policies will further drive the cryptocurrency market. Despite occasional selling, the continued support of long-term holders continues to support the stability of Bitcoin in market fluctuations.

U.S. lawmakers call on Harris to take three actions in the cryptocurrency space, including abolishing and reforming SAB 121.

According to Fox Business reporter Eleanor Terrett, Florida Congressman Darren Soto said he and his colleagues in the Blockchain Caucus in Congress are calling on Harris to take three actions in the cryptocurrency space: 1. Abolish and reform the U.S. Securities and Exchange Commission's (SEC) SAB 121 (cryptocurrency custody accounting standard announcement); 2. Pass FIT21 (21st Century Financial Innovation and Technology Act) and work with Congress to pass a final bill with clear rules; 3. Encourage her to recognize the importance of cryptocurrencies, especially in remittances.

Senator Chuck Schumer promises to enact cryptocurrency-friendly laws if Harris is elected president.

According to Cointelegraph, Senate Majority Leader and Democratic Senator Chuck Schumer said that if Kamala Harris is elected president, his goal is to pass bipartisan legislation that supports cryptocurrencies by the end of this year. Speaking at the Crypto4Harris town hall meeting, Schumer said, "We can't just sit back and let cryptocurrencies go offshore and go to countries that have a minimum standard that it is not regulated." Schumer noted the growth of the crypto industry and said that the Harris administration is not necessarily opposed to cryptocurrencies in principle, and added that if Harris is elected president, his goal is to pass legislation in the United States that supports cryptocurrencies by the end of this year. "I hope to unite Senate members from both parties to create momentum so that we can help the United States maintain its position as the most innovative country in the world through reasonable legislation," Schumer said. "Innovation is our North Star when it comes to artificial intelligence or crypto technology." He noted that legislators need to provide guardrails to protect users of the technology, maintain national security, and ensure that crypto technology is not abused by bad actors. Schumer added, "Congress has a responsibility to provide sensible and reasonable regulation for cryptocurrencies, and we need your support to ensure that any proposals are bipartisan." He called on voters and cryptocurrency enthusiasts to pledge their support for Harris' campaign.

Morgan Stanley is currently one of the top five holders of Bitcoin ETFs with BlackRock.

Morgan Stanley said in a filing with the U.S. Securities and Exchange Commission (SEC) that as of June 30, it holds 5.5 million shares of BlackRock's spot Bitcoin ETF and is currently one of the top five holders of BlackRock's Bitcoin ETF. Morgan Stanley disclosed that it holds $0.187 billion in the Bitcoin ETF.

Circle CEO: Harris' campaign team is actively engaging with the cryptocurrency industry.

According to CryptoSlate, Circle CEO Jeremy Allaire is optimistic about the rumors that U.S. Vice President Kamala Harris is turning to a more favorable position on cryptocurrencies. He made the above remarks in an interview with CNBC on August 14th. According to him, Harris' presidential campaign team is actively cooperating with the cryptocurrency industry to deepen their understanding of cryptocurrency-related policies and prepare for the 2024 US election. According to Allaire, "the government and Harris' campaign team are working together to truly understand these issues, stakeholders, industries, and policy issues." He also shared his views on a virtual roundtable he held on August 8th with White House officials, Harris campaign representatives, US lawmakers, and industry leaders. The Circle CEO said that the event highlighted the bipartisan nature of the issue and its importance to voters. He added that the industry is seeking clarity on Harris' economic policy intentions and her position on cryptocurrencies.

The US government transferred 0.01 million confiscated bitcoins related to the Silk Road to Coinbase Prime last night, according to The Block.

Arkham Intelligence's blockchain data shows that the US government transferred 10,000 confiscated bitcoins related to the Silk Road to Coinbase Prime on Wednesday (23:38 Beijing time), according to CoinDesk. Two weeks ago, the encrypted wallet that initiated the transfer received about $0.6 billion worth of bitcoin from a wallet marked "US Government: Silk Road Department of Justice Confiscated Funds." Depositing on the exchange usually indicates an intention to sell assets, but in this case, the transfer may be for custody reasons. The US Marshals Service, a subsidiary of the Department of Justice, announced last month that it had partnered with Coinbase Prime to "protect and trade" large digital assets. It is not yet clear what will happen to these tokens after they enter the platform. The US Department of Justice announced in 2022 that it had seized more than 50,000 BTC and arrested James Zhong, who pleaded guilty to telecommunications fraud after being accused of manipulating the Silk Road's transaction system on the dark web in 2012. According to court documents, the government last confirmed the sale of Silk Road assets in March 2023, when 9,861 tokens were sold for $0.216 billion. The government listed plans to sell off the remaining assets in four batches that year, but there has been no further communication about any sales since then. According to Arkham, the wallets related to the US government currently hold $12 billion worth of BTC and a small amount of other seized cryptocurrencies.

According to The Block, Cynthia Lo Bessette, head of Fidelity Digital Asset Management, said in an interview that it is currently unclear whether there will be another ETP product after bitcoin and ethereum. Bessette added that although the US Securities and Exchange Commission (SEC) has not yet approved an ethereum ETF that can pledge underlying assets, this situation may change because pledging is a key component of the ethereum ecosystem. The emergence of an ethereum pledge ETP may be a matter of time rather than if it will happen. Her team has had "constructive discussions" with SEC staff on the possibility of introducing this feature to the market. In addition, Fidelity Digital Asset Management is also researching tokenization, including stablecoins, on-chain government bonds, and credit.

According to CoinDesk, Eric Trump, son of former President Donald Trump, hinted that the upcoming cryptocurrency project his family is launching may involve "digital real estate." In an interview with the Washington Post, Eric Trump revealed the project that is about to be launched, but refused to disclose any specific details and only said that after everything is ready, the cryptocurrency project will be announced publicly. He suggested that the project may involve "digital real estate" and that people can lend or borrow money through it. Eric Trump said: "This project is fair, and it is collateral that anyone can obtain immediately. I don't know if people realize how big a shock this is to the banking and financial industries." He added in the interview that he has a "unique view" on how "people are easily excluded from certain markets," and said the Trump family "has certainly also suffered a considerable amount of financial discrimination." In addition, Eric Trump said: "I think at some point, we all hope to achieve some form of economic independence and live in a world where we don't have to follow the script of big banks. That day will come soon."

Deribit bought a call option with a value of $0.065 million at the end of the year and sold a call option with a value of $0.085 million at the end of March next year for bitcoin bulk options, according to CoinDesk.

The holding company of the commercial enterprise of former U.S. President Donald Trump, the Trump Group, is about to launch a new cryptocurrency project, according to CoinDesk citing the New York Post. Eric Trump, son of former President Trump and executive vice president of the Trump Group, revealed the upcoming project in an interview with The Washington Post, but refused to disclose any specific details, only stating that the cryptocurrency project will be announced publicly when everything is ready. He hinted that the project might involve "digital real estate" and people might lend or borrow funds through it. Eric Trump said, "This project is fair, and it is collateral that anyone can obtain immediately. I don't know if people realize how big a shock this is to the banking and financial industries." He added that he has a "unique view" on how "people are easily excluded from certain markets," and said the Trump family "has certainly also suffered a considerable amount of financial discrimination." Eric Trump also said: "I think at some point, we all hope to achieve some form of economic independence and live in a world where we don't have to follow the script of big banks. That day will come soon."

According to Cointelegraph, the New York Stock Exchange (NYSE) Arca electronic exchange withdrew a rule change proposed in January this year that would allow for the listing and trading of commodity trust options, including cryptocurrency ETF options such as the Grayscale GBTC. This is the latest in a series of regulatory activities surrounding cryptocurrency ETF options. According to previous reports, on August 8th, the Chicago Options Exchange (Cboe) revised its application for listing bitcoin ETF options. In addition, according to a document on August 6th, Nasdaq requested permission from the SEC to list Belad iShares Ethereum Trust (ETHA) options. Bloomberg expects bitcoin spot options to go live in the fourth quarter.

According to The Block, Fidelity Digital Asset Management is studying tokenization, including stablecoins, on-chain government bonds, and credit. Cynthia Lo Bessette, head of the department, said in an interview that it is currently unclear whether there will be another ETP product after bitcoin and ethereum. Bessette added that although the US Securities and Exchange Commission (SEC) has not yet approved an ethereum ETF that can pledge underlying assets, this situation may change because pledging is a key component of the ethereum ecosystem. The emergence of an ethereum pledge ETP may be a matter of time rather than if it will happen. Her team has had "constructive discussions" with SEC staff on the possibility of introducing this feature to the market.

According to CoinDesk, Deribit bought a call option with a value of $0.065 million at the end of the year and sold a call option with a value of $0.085 million at the end of March next year for bitcoin bulk options.

Lin Chen, the head of business in the Asia-Pacific region for Deribit, posted on X platform today that the largest Bitcoin bulk option of the day was a call option for the end of the year purchased by an investor for 650,000 USD, and at the same time sold a call option for the end of March next year for 850,000 USD, a total of 380 BTC, with a premium income of 1.975 million USD.

13. Australian regulators say 58% of crypto ads on Facebook are scams.

The Australian Competition and Consumer Commission (ACCC) cited a report claiming that over half of the cryptocurrency ads on Facebook are either scams or violate Meta's policy. The ACCC said it found 600 ads during its investigation, but only focused on 234 of them. The regulators said, "At least since January 2018, Meta has been aware that a significant proportion of cryptocurrency ads on Facebook use misleading or deceptive tactics." ACCC stated, "Advertisers must agree to certain contract terms, including complying with Meta's advertising policies. These policies prohibit the publication of ads that use deceitful or misleading practices." It is said that despite removing individual ads and sometimes banning related accounts after receiving complaints, Meta continues to display similar ads featuring the same celebrity or public figure and earns revenue from them.