AiCoin | August 18 Snapshot: Stablecoin Licenses, US Treasury Debt Exceeds $40 Trillion, Philippines Purchases Cryptocurrency for Reserves
2026-08-18 08:00:54
According to CoinMeta, AiCoin released a snapshot on August 18th, which included the following updates: 1. The 60-day ceasefire agreement between the US and Iran expired, leading to disruptions in traffic through the Strait of Hormuz; 2. US Treasury Secretary Scott Bennett announced an acceleration in the implementation of Genius Act3; 3. A strategist from Bank of America, Hartnett, pointed out that the US debt scale is approaching $40 trillion and suggested buying gold; 4. The US Federal Reserve conditionally approved a World Liberty Financial trust license, allowing the issuance of dollar-pegged stablecoins and the custody of digital assets; 5. Opposition from Wall Street caused a stagnation in the fundraising framework for SEC cryptocurrencies; 6. The yield on 30-year US Treasury bonds reached a 19-year high; 7. The Philippines proposed a bill to purchase 10,000 bitcoins as part of its strategic reserves; 8. Bitwise CIO Matt Hougan indicated that the White House's cryptocurrency meeting held a positive attitude towards Bitcoin.
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