Overview of Key Overnight Developments on August 8
21:00 (UTC+8) - 7:00 Keywords: Paxos, Chainlink, Scenius Capital, Stephen Moore 1. Chainlink will use protocol revenue to build a LINK reserve; 2. Trump announces the nomination of Stephen Moore as a Federal Reserve Board member; 3. Sources: Waller emerges as a leading candidate for the new Federal Reserve Chair; 4. Trump signs executive order to halt the crypto industry's "de-banking"; 5. Paxos reaches a $48.5 million settlement agreement with New York financial regulators; 6. Trump signs executive order allowing 401(k) retirement plans to invest in cryptocurrencies; 7. Scenius Capital raises $20 million for a crypto venture capital fund; 8. The legal dispute between the SEC and Ripple officially ends, with the ruling that XRP is not a security taking final effect.
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