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Ripple’s bold expansion into traditional finance showcases rapid corporate growth—but XRP’s shrinking utility reveals a widening gap between Ripple’s business ambitions and its token’s original purpose.
Examining the Capital Rotation Between ETF Managers as BlackRock Acquires $97.63M in Bitcoin and Ethereum from Coinbase Prime and Grayscale Deposits $138.06M
The market has not yet bottomed out, so be cautious when buying the dip.
Bitcoin is declining, possibly as a "pre-emptive move" in response to tightening liquidity.
The Agent Internet will operate based on verifiable truth, and currency is merely the opening act.
Zelle’s global stablecoin expansion promises cheaper cross-border payments, but experts doubt its execution. With few details and high ambition, the initiative risks repeating past banking blockchain missteps.
The Federal Reserve held its first Payments Innovation Conference, discussing the integration of traditional finance and digital assets, stablecoin business models, applications of AI in payments, and tokenized products. The conference introduced the concept of a "streamlined master account" aimed at lowering the threshold for crypto companies to access the Federal Reserve’s payment systems. Participants believe asset tokenization is an irreversible trend, and that AI and blockchain technology will drive financial innovation. The Federal Reserve views the crypto industry as a partner rather than a threat. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
- 16:26Avail officially launches Nexus mainnet, creating a unified liquidity execution layer for multiple chainsAccording to ChainCatcher, as reported by The Block, the modular blockchain platform Avail has launched its cross-chain execution layer Nexus mainnet, supporting multiple ecosystems including Ethereum, BNB Chain, and Base. Nexus adopts an intent-driven architecture and multi-source liquidity aggregation, allowing users to seamlessly transfer assets and execute operations across different chains. In the future, unified verification will be achieved through Avail DA. The platform aims to eliminate the complexity of bridging and chain switching, provide a unified user experience, and enhance the usability of Web3 applications.
- 16:14USDC Treasury issues 500 millions USDC on Solana chainAccording to Jinse Finance, Whale Alert has monitored that around 22:21 (GMT+8), USDC Treasury minted 250 million USDC on the Solana chain in two separate transactions, with a total issuance of 500 million USD.
- 16:14Crypto market maker Portofino Technologies faces another wave of employee departuresJinse Finance reported, citing sources from CoinDesk, that crypto market maker Portofino Technologies has experienced another wave of senior staff departures following the resignation of its Chief Financial Officer and General Counsel a few months ago. According to the source, Chief Revenue Officer Melchior de Villeneuve recently left the Swiss company. The person requested anonymity due to the private nature of the matter. Office Manager Olivia Thurman has confirmed her resignation. In addition, it is reported that two senior developers, Olivier Ravanas and Mike Tryhorn, as well as two junior developers, have also left the crypto market maker. According to LinkedIn profiles, De Villeneuve joined the company in January this year, but he did not immediately respond to requests for comment. Ravanas and Tryhorn also did not respond. As of press time, Portofino has not responded to multiple email requests for comment.