Trump's Approval Rating Drops to New Low, Tether Reports $1.5 Billion Net Profit in Q2

Trump's approval rating has fallen to a new low since his second term began. Tether reported a net operating profit of $1.5 billion in the second quarter, with reserve buffers reaching $4.11 billion. Coinbase's Q2 performance fell short of expectations, leading to divisions on Wall Street regarding its growth strategy. A former U.S. Congressman reached a $35,000 settlement with the CFTC over predictions of market manipulation. Analysts support Strategy's increase in cash holdings, while Saylor stated that there will be no more "100% allocation to Bitcoin" in the future. A U.S. Senator indicated that the CLARITY Act, which requires Trump to sell digital assets or transfer them to a blind trust, has become a focal point of negotiations. Pump.fun laid off employees ahead of the unlocking of the PUMP token, causing some to miss out on seven-figure token allocations. The crypto payment company Kulipa suddenly shut down, having issued 120,000 cards, affecting 20 partners including Ready and Solflare. Hyperliquid's HIP-4 permissionless deployment has gone live on the testnet. Trading volume has surpassed $20 billion, making MU the seventh HIP-3 market to reach this milestone on trade.xyz. Bonk Guy pointed out that funds are blindly chasing new chain Meme narratives, with most projects lacking a real user base.