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Cointime May 12 News Express

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  • Hong Kong's financial industry may study launching stablecoin trading desks and institutional custody services

    Hong Kong Monetary Authority recently announced the list of participants in the stablecoin issuer sandbox, including JD Coin Chain, Circle Coin Innovation, Standard Chartered Bank, Anni Group, Hong Kong Telecom and other institutions. Research reports released by Zeng Shengjun, a researcher at the Greater Bay Area Financial Research Institute of the Shenzhen Branch of Bank of China, and Guan Zhenqiu, a researcher at the Hong Kong Financial Research Institute of Bank of China, analyzed that the Hong Kong dollar stablecoin can improve the efficiency and inclusiveness of the Hong Kong financial system. Its stability, free convertibility, high security, high open source and cross-border mobility can provide support for a wider range of financial innovations.
  • Harris: Ready to debate Trump on September 10

    US Vice President Harris told reporters that she is ready to debate with Trump on September 10th. She said: "I agree to the previously agreed upon September 10th debate. He (Trump) agreed before, but now he is backing out. I am ready, and I think voters should see the division in this election on the debate stage, so I am ready. Let's get started." It is reported that Harris has gained enough support from delegates and is expected to become the Democratic candidate. The Democratic National Convention will be held in Chicago from August 19th to 22nd.
  • Vitalik: The ultimate decision on the success of cryptocurrency is the practical application of technology

    Vitalik, the co-founder of Ethereum, recently stated on the "Bell Curve" podcast that the actual application of technology determines the success or failure of cryptocurrency. If cryptocurrency can become mainstream, or at least a trusted alternative like Linux, then it can be considered a success.For example, Ethereum accounts can replace social account logins, or cryptocurrency can become a part of the financial system, DAO can become an alternative for enterprises or non-profit organizations, and decentralized social media or prediction markets can succeed.On the other hand, if the cryptocurrency field is remembered as a group of idealists gradually decreasing their cries, or a group of people trading digital monkeys and celebrity photos, it would be a disappointing result.
  • Biden speaks out on withdrawing from 2024 US presidential election

    On the 24th local time, US President Biden gave a speech in the Oval Office of the White House, explaining the reasons for his withdrawal from the 2024 presidential election. On July 21st local time, US President Biden announced his withdrawal from the 2024 presidential election. In a letter posted on his personal social media that day, Biden said that he had intended to seek re-election, but for the best interests of the Democratic Party and the United States, he decided to withdraw from the presidential race and focus on fulfilling his presidential duties during his term.
  • US Congressman: Taxing Bitcoin Miners Would Be Bad for America

    US Senator Cynthia Lummis stated that taxing Bitcoin miners would be detrimental to the United States. "The Biden administration's dangerous plan to tax Bitcoin miners is a blatant attack on innovation."
  • Biden makes first public appearance since announcing his withdrawal from the race

    On July 24th, it was reported that Joe Biden made his first public appearance since July 17th, which was also his first public appearance since dropping out of the presidential race. During the event, Biden did not respond to questions from reporters regarding the election or his health. Prior to this, it was announced that Biden would deliver a national address at 8pm EST on Wednesday (8am Beijing time on Thursday).
  • U.S. House Speaker calls on Biden to resign "immediately"

    After Biden announced his withdrawal from the election, Republican House Speaker Johnson called on Biden to resign "immediately". Johnson said in a statement, "If Biden is not suitable to run for president, he is not suitable to be president. He must immediately resign from the presidency." Johnson said that more than 14 million Americans chose Biden as the Democratic presidential candidate, but the party that called itself "Democratic" announced that their votes were invalid. As the Speaker of the House of Representatives, Johnson ranks second in the presidential succession order, second only to Harris.
  • U.S. House Speaker calls on Biden to resign "immediately"

    After Biden announced his withdrawal from the race, Republican Speaker of the House of Representatives, Johnson, called on Biden to resign "immediately". Johnson said in a statement, "If Biden is not suitable to run for president, he is not suitable to be president. He must resign as president immediately." Johnson said that more than 14 million Americans chose Biden as the Democratic presidential candidate, but the party that calls itself "Democratic" declared their votes invalid. As the Speaker of the House of Representatives, Johnson ranks second in the presidential succession order, second only to Harris. When asked about some Republican congressmen calling on Biden to resign as president, the White House said that Biden "looks forward to completing his term." Senate Republican leader McConnell also accused the Democrats of "trying to overturn the will of the American people expressed in the national primaries," but did not call for Biden to resign as president.
  • Harris expresses hope to win Democratic presidential nomination

    US Vice President Kamala Harris posted on X, saying, "On behalf of the American people, I thank Joe Biden for his extraordinary leadership as President of the United States and his contributions to our country over the past decades. I am honored to have the support of the President, and my goal is to win the Democratic Party's presidential nomination."
  • Trump: Those who concealed Biden's condition from the public for a long time need to be investigated

    According to Jinse Finance, Trump said in an interview with Primetime that those who have long concealed Biden's illness from the public need to be investigated. Vice presidential candidate JD Vance added that if the Democrats really want him to step down, his cabinet members should invoke the 25th Amendment.