Crypto Visa credit card will be launched on Ethereum Ethereum LRT protocol Ether fi announced that it will launch a crypto Visa credit card Ether.fi Cash on Scroll Network. The card allows users to use fiat currency while using crypto assets as collateral, and can hold cryptocurrencies and earn returns on daily shopping. Ether.fi Cash is scheduled to start shipping to pre-order customers on September 16 and is currently used within Ether fi. Users will enjoy a 3% cash back reward on all transactions without restrictions. The card will be issued in the form of a physical Visa credit card and will be compatible with mobile payment service providers such as Apple Pay. Although Ether.fi Cash is not currently available in the United States, it is planned to be launched in multiple countries including the United Kingdom, Hong Kong, and the United Arab Emirates. Hong Kong Treasury Bureau: The goal of the stablecoin issuer system is to be submitted to the Legislative Council for review before the end of the year

At the event, Chan Ho-lim, Deputy Director of the Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority, reiterated that necessary preparations are being made for the legislation of the regulatory system for issuers of fiat currency stablecoins, with the goal of submitting a draft legislation to the Legislative Council before the end of this year. The Hong Kong government has a clear concept for the development of virtual assets and the third generation of the Internet (Web 3.0), emphasizing that financial innovation can only be encouraged by providing a transparent, certain and predictable regulatory environment. Chan Ho-lim pointed out that as virtual assets become mainstream assets, there is a consensus in the market to establish a regulatory framework for issuers of fiat currency reference stablecoins (FRS), which is essential to manage potential monetary and financial stability risks while ensuring transparency and appropriate safeguards. The proposed framework requires FRS issuers to meet several key requirements, including becoming a Hong Kong registered entity, registered and operated in Hong Kong, having senior management in Hong Kong, and maintaining 100% of reserve assets to ensure that all stablecoins in circulation are fully backed by reserves of equivalent value. The relevant regulations are aimed at protecting stablecoin users and promoting market stability and healthy development. Bernstein: Bitcoin could reach $90,000 by the end of the year if Trump is re-elected PresidentBerner Bernstein said in a research note on Monday that if Donald Trump wins the US election in November, Bitcoin is expected to hit a new high later this year, and the cryptocurrency could reach $90,000 by the fourth quarter. The report said that if Kamala Harris wins the election, the largest cryptocurrency by market value is expected to break through the current bottom of around $50,000 and may test the $30,000-40,000 range. The broker noted that Trump has been outspoken about making the United States the "Bitcoin and cryptocurrency capital of the world" and has mentioned digital assets in every policy speech. Bloomberg analyst: Bitcoin spot ETF has more than 1,000 institutional holders within two quarters of listing

Eric Balchunas, senior ETF analyst at Bloomberg, posted on social media that the Bitcoin spot ETF has more than 1,000 institutional holders in just two 13F reporting periods. This is unprecedented. IBIT alone has 661 institutional holders, of which 20% of the shares are held by institutions and large consultants, and it is expected that this proportion may reach 40% in the next 12 months. BTC and ETH are in a consolidation period. Chris Burniske, former head of ArkInvest encryption and current partner of Placeholder VC, said on social media, "Although BTC and ETH are in a consolidation period and market sentiment makes people feel as if Satoshi Nakamoto has passed away, the long-tail market is showing signs of strength. At the same time, blockchain technology is gradually being integrated into all levels of society, although for those who are impatient, all this is not progressing fast enough. But I have no doubt that the future is bright. Mainstream currencies are still in the same range as in the first quarter of 2024, infrastructure continues to mature, and application experiments are expanding (both in terms of type and geographical scope), but market sentiment is exactly the opposite of the first quarter-wonderful. What's wrong with this? Don't be scared." #特朗普与哈里斯辩论，特朗普概念币普跌 #美国8月CPI数据高于预期 #比特币挖矿难度创历史新高 #美国大选如何影响加密产业？ #