August 20th Midday Update: Key Developments at a Glance

A whale exchanged 3,900 ETH for 143.26 WBTC

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The U.S. Treasury Secretary bets on stablecoins becoming a key buyer of U.S. debt, pushing cryptocurrencies into the core of finance

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Analysis: Hedge funds are suspected to be the main force in this round of shorting Ethereum

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Bank of America: Stablecoins are disruptive applications in cross-border P2P payments, potentially generating annualized demand for US Treasury bonds worth up to $75 billion.

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Strategy's stock price fell to its lowest point in nearly 4 months, possibly due to the Bitcoin price correction and the company's stock issuance policy adjustment.

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Ethereum withdrawal momentum has slowed down, with a net inflow of 73,000 Ethereum on CEX in the past 24 hours.

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SOL drops below $180

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Binance Launches Plume (PLUME) Airdrop

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Fed Governor Bowman: De-banking is a problem in the financial system

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1inch Launches Native Cross-Chain Trading, Supporting Asset Exchanges Between Solana and EVM Chains

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SkyBridge Capital plans to tokenize $300 million in assets on Avalanche

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ETH falls below $4,200

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The Dow Jones Industrial Average hit another record high intraday, rising 0.6%.

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Data: If Bitcoin falls below $113,000, the liquidation intensity of long orders on mainstream CEXs may reach $1.292 billion

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Nasdaq's decline widened to 1%.

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