Coinbase to Add USD1 to Asset Listing Roadmap

On August 21st, CryptoQuant analyst Cauê Oliveira stated, "During the past seven days, Bitcoin whale wallets have accumulated more than 16,000 BTC, suggesting that whales are purchasing on dips when the Bitcoin price declines."

On August 21st, State Street became the first third-party custodian to initiate services on JPMorgan's digital debt servicing platform, thereby offering institutional clients blockchain-based debt security custody services. (Sohu Finance)

On August 21st, based on Coinglass data, the current total open interest of OKB futures is $22.0646 million, with a 24-hour increase of 244.74%. The futures trading volume is $398 million, with a 24-hour increase of 726.98%. The 24-hour aggregated long/short ratio is 1.0412.

On August 21st, David Duong, the Research Director of Coinbase, wrote that Coinbase Research employed a random model and the Monte Carlo simulation method to predict that the stablecoin market could reach $1.2 trillion by 2028. Future growth projections generally rely on assumptions regarding the share of the global money supply that stablecoins could ultimately hold. The model captures the potential growth range of the market through an autoregressive model AR(1), commencing from the most recent observed level and month-on-month growth, and simulates 20,000 Monte Carlo paths on a monthly basis in accordance with a simple AR(1) process. The predicted outcomes indicate that by December 2028, the stablecoin market could reach $1.2 trillion.

On August 21st, the trading volume on Polymarket for placing bets on NBA star LeBron James being elected President of the United States in 2028 has reached $1.9 million. This has exceeded the total amounts for US Vice President Harris, California Governor Gavin Newsom, and US Congresswoman Alexandria Ocasio-Cortez. However, according to Polymarket data, James' current election probability is merely 0.3%. The $1.9 million trading volume may be due to some users engaging in wash trading in the hope of potentially receiving future airdrops.

On August 21, officials from the US Department of Justice urged Chair Powell of the Fed to replace Governor Quarles. (Xinhua News)