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Data: In the past 24 hours, the total liquidation on the entire network was $73,995,000, with long positions liquidated at $43,422,300 and short positions at $30,573,200.
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The entire crypto market experienced liquidations totaling $67,623,700 in the past 24 hours, with long positions accounting for $38,988,800 of that amount.
55m ago
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The Bank of America is researching stablecoins to help transfer trillions of customer transactions.
Gate news bot news, Bank of America (BoA) is exploring stablecoins to leverage blockchain technology to improve its payment infrastructure. In the Q2 earnings call, CEO Brian Moynihan stated that the bank is focused on using stablecoins as a means of transaction, aiming to transfer trillions of dollars in customer assets daily. Bank of America has considered collaborating with other major banks such as JPMorgan Chase and Citigroup to jointly issue stablecoins, and proceed under supportive regulatory conditions.
Bank of America’s second-quarter net profit rose 3% to $7.12 billion and revenue rose 4% to $26.61 billion. The stablecoin market is growing rapidly and is expected to surpass Visa and Mastercard in trading volume by 2024. THE GENIUS BILL ON STABLECOINS HAS GAINED SUPPORT BUT FACES RESISTANCE IN THE HOUSE OF REPRESENTATIVES.