On the social network X, there is speculation about a possible announcement by Donald Trump at the Bitcoin 2024 conference in Nashville

Allegedly, the U.S. presidential candidate may include a proposal to create a national Bitcoin reserve in his campaign.

This event is being compared to the abandonment of the Bretton Woods monetary system in 1971.

The foundation for this could be the confiscated cryptocurrency. According to Arkham, the U.S. government is the leader among other countries in the volume of Bitcoins held — 213,297 BTC worth almost $14 billion, as well as other assets.

Representatives of WazirX reported on their actions following the hack

According to their statement, the Indian company reached out to law enforcement and other exchanges for assistance.

WazirX co-founder Nischal Shetty wrote a separate post announcing the preparation of a rewards program. This initiative aims to help "freeze or recover" the stolen assets.

Hong Kong Introduces New Licensing Regime for Stablecoins

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have published their findings on creating local legislation related to stablecoins.

On July 17, the two financial institutions implemented an initial legislative proposal to establish a regulatory framework for issuers of fiat-backed stablecoins (FRS) in Hong Kong.

This follows a two-month public consultation period that concluded in February, during which 108 submissions were received from various stakeholders, including market participants, industry associations, and professional organizations.

Most respondents agreed that a regulatory regime is necessary for FRS issuers to manage potential risks to monetary and financial stability and to ensure transparent and effective supervision.