BlockBeats reported on August 17 that the U.S. Treasury Department issued a notice of proposed rulemaking, soliciting public comments on the regulatory framework for payment stablecoins under Section 3 of the GENIUS Act. According to the Act, starting January 18, 2027, anyone issuing payment stablecoins in the United States must obtain a federal or state license; digital asset service providers may not offer foreign-issued payment stablecoins unless the foreign issuer has the technical capability to comply with U.S. laws and reciprocal arrangements. Starting July 18, 2028, any payment stablecoins offered or sold by service providers to persons within the United States must be issued by a licensed issuer. Treasury Secretary Bessenter stated, "Trump and Congress passed the GENIUS Act, establishing a landmark framework and clear rules for payment stablecoins, and the Treasury Department is rapidly moving towards implementation."

The core of this proposed rule lies in defining the specific meaning of "issuing payment stablecoins in the United States" and "providing or selling them to persons within the United States," clarifying for the industry when licenses are required and how to operate compliantly in the U.S. market. The public can submit comments within 60 days of its publication in the Federal Register. This rule is based on a prior notice issued by the Treasury Department last September, marking the transition of stablecoin regulation from a framework bill to an enforceable rule implementation phase, and will directly impact the compliance paths of major stablecoin issuers such as USDC and USDT, as well as trading platforms.

According to BlockBeats, on August 17th, data from the prediction market platform Predict.fun showed that in the prediction of "What will the market capitalization of Meme Coin Niu Lai reach before November 2026?", Niu Lai's market capitalization currently has the highest probability of reaching $50 million, at 94%; the probabilities of reaching $75 million, $100 million, and $150 million are 52%, 32%, and 20%, respectively.

Note: Market probabilities may change in real time with market transactions. Please refer to the latest data on the platform.

According to BlockBeats, on August 17th, based on BIT (bit.com) market data, the US optical communications sector led the market at the open, with the following:

Roundhill Optical Module ETF (LYTE) rose 3.53%;

The Pure Photonics ETF (FOTO) rose 0.73%.

Corning (GLW) rose 1.34%;

Coherent (COHR) rose 3.54%;

MRVL (Merville Technology) rose 5%;

LITE (Lumentum Holdings) rose 0.7%;

CIEN (Ciena Corporation) rose 0.75%.