Recently, international politics and the Crypto Assets market have once again become the focus.



In a highly publicized interview, Trump stated that he may not participate in the U.S. presidential election again. This remark has sparked widespread discussion and could not only have a profound impact on the global political landscape but also indirectly affect financial markets, including the Crypto Assets sector.

Meanwhile, significant progress has been made in the financial regulatory field in Hong Kong. On August 1, the "Stablecoin Regulation" officially took effect, and the first batch of stablecoin licenses is expected to be issued in early 2027. This initiative aims to establish Hong Kong as a stablecoin hub in Asia, providing clearer compliance guidelines for the region's Crypto Assets market, with the potential to attract more funds and projects.

In terms of the adoption of Crypto Assets by enterprises, the American pharmaceutical company MEI Pharma recently purchased nearly 930,000 Litecoins for about $110 million, with an average price of $107.58. This makes MEI Pharma the first publicly traded company to use Litecoin as a primary reserve asset, which may inspire more traditional companies to follow suit, bringing long-term benefits to Litecoin.

On the other hand, SharpLink increased its holdings of 83,561 Ethereum at an average price of $3,634 last week, bringing its total holdings to 521,939 coins. This move demonstrates large institutions' confidence in the long-term value of Ethereum, further solidifying the market's optimistic sentiment towards this crypto asset.

These events collectively reflect the growing importance of Crypto Assets in the global financial system, as well as the ongoing attention and acceptance of digital assets by traditional institutions.
TRUMP-3.14%
LTC1.18%
ETH-0.14%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
SigmaValidatorvip
· 08-05 23:16
Hong Kong will definitely become a great power
View OriginalReply0
MainnetDelayedAgainvip
· 08-05 15:48
The crypto world is acting again.
View OriginalReply0
DYORMastervip
· 08-05 15:45
The bull run will eventually come.
View OriginalReply0
BoredApeResistancevip
· 08-05 15:45
The crypto world is welcoming spring.
View OriginalReply0
AllInDaddyvip
· 08-05 15:34
The crypto world is always in a bull run.
View OriginalReply0
HodlNerdvip
· 08-05 15:33
Game on, bulls.
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)