If Ethereum drops below $4400, the total Long Liquidation on major CEXs will reach $1.191 billion.
On August 15th, according to Coinglass data, if Ethereum drops below $4400, the total liquidation strength of mainstream CEXs in terms of long positions will reach $1.191 billion.
Conversely, if Ethereum surges above $4700, the total liquidation strength of mainstream CEXs in terms of short positions will reach $928 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent the target price will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a surge in liquidity when it reaches that level.
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The US Banking Industry Calls for Amendment to the GENIUS Act Signed by Trump, Warning of Potential Financial Risks
August 14th. According to The Block, the largest banking association in the US is advising senators to fill what it deems as loopholes in the stablecoin legislation signed by President Trump last month. It is stated that these loopholes may pose a threat to the broader financial system.
This week, the American Bankers Association (ABA) along with 52 other banking organizations sent a letter to the leadership of the Senate Banking Committee, suggesting revisions to the American Stablecoin Guidance and Establishment of a National Innovation in U.S. Act (GENIUS). The letter highlighted concerns in aspects such as interest payments, state-level regulations, and the issuance of stablecoins by non-financial companies.
The dispute centers around the prohibition in the GENIUS Act on stablecoin issuers paying interest to holders, which is regarded as being too lenient. While these groups support the restrictive measures, they contend that the new legislation can be easily bypassed by e
6 minutes ago
Dinari will launch the L1 blockchain Dinari Financial Network
On August 14th, as per CoinDesk, Dinari, a startup that offers blockchain-based U.S. stock trading services, is set to launch the L1 blockchain called Dinari Financial Network. The network is designed to serve as a coordination and settlement layer for securities issued on other networks such as Arbitrum and is custom-built using the Avalanche (AVAX) technology stack. The testnet is currently in operation, with the plan to go live publicly in the upcoming weeks.
In June of this year, Dinari obtained a broker-dealer registration from the Financial Industry Regulatory Authority (FINRA) in the United States, enabling it to tokenize securities under the U.S. National Market System (NMS) and providing a compliant solution for issuing tokenized versions of U.S. publicly traded stocks.
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Lido's market share in the Ethereum staking market has dropped to 24.4%, hitting an all-time low.
On August 14th, as per Coindesk, Lido's market share within the Ethereum staking market has plummeted to 24.4%, reaching a record low. During the past month, Figment has witnessed the most significant increase in staked ETH, adding approximately 344,000 ETH and currently accounting for 4.5% of all staked ETH. Lido has experienced the largest exodus of stakers, totaling around 285,000 ETH.
With the growing competition and the opening up of new avenues in the industry through infrastructure tailored for institutional financing, there has been a shift in the previously dominant platforms, indicating that the staking ecosystem is maturing.
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Federal Reserve's Mester: It's Too Early to Decide on September Rate Decision
August 14th: Mester from the Federal Reserve indicated that it is still too soon to determine whether to cut interest rates during the next month's meeting. When queried about whether there is a reason to cut rates by 50 basis points next month, Mester remarked that, in his view, this would be "not justified by the current economic conditions and economic outlook." Mester referred to the fact that, on one hand, "the data is beginning to provide us with certain indications regarding the possibility of sustained inflation."
Meanwhile, he alluded to the "downside risks to the labor market." Mester stated that the U.S. economic growth is decelerating, along with tariffs exerting pressure on corporate profit margins, which could pose a threat to the robust labor market performance witnessed thus far. He said: "I am weighing these two factors, and when we encounter tensions between the two objectives, we need to adopt a balanced approach." (FXStreet)
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