Overview of Key Overnight Developments on July 16
21:00 (UTC+8) - 7:00 Keywords: PolyMarket, Citibank, US Treasuries, Crypto Bill 1. Citibank is exploring the possibility of issuing a stablecoin; 2. Ghana is finalizing a regulatory framework for cryptocurrency trading; 3. Tether held over $127 billion in US Treasuries in Q2 this year; 4. The US Department of Justice has concluded its investigation into the prediction platform PolyMarket; 5. White House crypto chief: The Trump administration plans to ban the issuance of central bank digital currencies; 6. The US House of Representatives failed to pass a procedural vote on the crypto bill, with a second vote to follow; 7. Bitwise has launched a third-party asset reserve proof service for its Bitcoin and Ethereum spot ETFs; 8. Cantor Fitzgerald is close to reaching a $4 billion SPAC deal with Bitcoin pioneer Adam Back.
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