🗞 Catch up on the news over the last 24 hours!

⚡️ Tom Lee says, “Ethereum is where Wall Street and #AI are converging.”

🇺🇸 The OCC says community banks can partner with stablecoin companies to drive #innovation and offer new products.

🚨 Goldman Sachs expects the Fed to cut interest rates three times before year-end, as US job market weakens.

🇺🇸 #ETF FLOWS: Around $121.7M of $BTC and $196.6M of $ETH were sold on Aug. 18.

🔥 Google increases stake in #Bitcoin miner TeraWulf to 14%, becoming its largest shareholder.

🇺🇸 Illinois governor signs two bills to protect #crypto consumers, blasting Trump's "crypto bros" for writing federal policy.

🇰🇷 South Korea's Financial Services Commission issues administrative guidance ordering #crypto exchanges to suspend new lending operations until proper guidelines are established.

🇺🇸 Tether appoints Bo Hines, ex-White House #Crypto Council exec, as Strategic Advisor for digital assets.

🇺🇸 Wyoming becomes first US state to #launch a stablecoin, $FRNT, backed by USD and Treasuries, though not yet available to public.

🇺🇸 #Bullish received $1.15B in IPO proceeds settled in stablecoins, marking the first use of stablecoins in a U.S. initial public offering.

⚡️ #1inch launches native cross-chain swaps between Solana and EVM chains.

⚡️ Robinhood is partnering with Kalshi to #launch football prediction markets.

🇺🇸 SEC Chair Paul Atkins said only a small fraction of #crypto tokens should be considered securities, marking a #shift from the agency’s previous stance under Gary Gensler.

🔥 Bitmine bought another 52,475 $ETH worth $220M, bringing its total $ETH holdings to 1,575,848 $ETH ($6.6B).

🚨 Anthony Scaramucci's SkyBridge Capital plans to tokenize $300M in assets on Avalanche.

🇺🇸 Fed's Bowman says the Federal Reserve staff should hold small amounts of #crypto and digital assets to gain a “working understanding" of the technology.

$SOL