📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
The controversy over the U.S. GENIUS Act escalates as the banking sector fears a loss of $6.6 trillion in deposits.
[Chain News] PANews, August 15 - According to reports, the U.S. GENIUS Act has recently faced criticism from banks, state regulators, and consumer organizations. The core controversy lies in Section 16(d), which allows certain uninsured, state-chartered banks to operate nationwide under OCC regulation, bypassing state approval. Stakeholders have written to the Senate Banking Committee, requesting the removal of this provision, expressing concerns that it undermines state regulation and the safety of the financial system. At the same time, banking groups warn that the act's restrictions on interest payments for stablecoins have loopholes that could lead to up to $6.6 trillion in bank deposits flowing out. An executive from a trading platform questioned the authenticity of the related data, stating that the rise of stablecoins has not caused a drain on community bank deposits.