In the past hour, total liquidations across the network reached $15.77 million, with $14.71 million from long positions, with $1.06 million from short positions. BTC liquidation $3.22 million, ETH liquidation $3.11 million.

Huoxun Finance reported on August 15th that, according to CryptoInAmerica, the US GENIUS Act has recently been criticized by banks, state regulators, and consumer groups. The core contention lies in Section 16(d), which allows some uninsured, state-chartered banks to operate nationwide under OCC supervision, bypassing state approval. Stakeholders wrote to the Senate Banking Committee demanding the removal of this provision, citing concerns that it would weaken state oversight and the security of the financial system. Meanwhile, banking industry groups warned that loopholes in the bill's restrictions on stablecoin interest payments could lead to an outflow of up to $6.6 trillion in bank deposits. Coinbase executives questioned the authenticity of the data, claiming that the growth of stablecoins has not caused an outflow of deposits from community banks.

Huoxun Finance News, August 15th, traders reduced their bets on the Federal Reserve to cut interest rates, but still expected a rate cut in September and another rate cut in 2025.

Huoxun Finance reported on August 15th that Fed Chair Goolsbee stated that the latest PPI and CPI inflation data are disturbing. He said that one should not overreact to one month's PPI, CPI, and import prices, but the data is worth paying attention to.

According to Huoxun Finance, on August 15th, according to The Verge, OpenAI founder Sam Altman stated in an interview that ChatGPT has rapidly become one of the most widely used and influential products in the world. He is now planning a major push into consumer hardware, brain-computer interfaces, and social media. Furthermore, he is interested in acquiring Google Chrome if the US government forces it to sell it. He also mentioned his desire to raise trillions of dollars to build data centers. Sam Altman stated that OpenAI needs more GPUs to maintain its scalability, which is one of its top priorities. "You should expect OpenAI to spend trillions of dollars on data center construction in the near future," Altman said. "We have to make these terrible trade-offs right now. We have better models, but we can't deliver them because we don't have enough computing power. We also want to offer other types of new products and services." Sam Altman also confirmed recent reports that OpenAI is planning to invest in a brain-computer interface startup to compete with Elon Musk's Neuralink. "I think neural interfaces are a really cool idea worth exploring," he said. "I hope that whatever I come up with, ChatGPT will be able to respond to."