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Quick Take Summary is AI generated, newsroom reviewed. The conclusion of the 120-day OCC review for Ripple National Trust Bank is set for October 30. Approval could allow Ripple to manage digital assets under a national banking license and integrate its blockchain with the U.S. financial system. Ripple's strong compliance and utility-based approach, including its RLUSD stablecoin, may fast-track the approval process. The potential bank approval is seen by investors as a major validation of Ripple's long-te
The article explores the true motivation behind the change in the Federal Reserve chair, pointing out that the core issue is the massive U.S. national debt and fiscal deficit, rather than inflation. Trump has hinted at the possibility of using cryptocurrencies to address the debt problem, and the next chair may promote the integration of digital assets as national financial tools. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still in the process of iterative improvement.
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With the shadow of the SEC lawsuit in the United States now lifted, Ripple Labs—long positioning itself as a blockchain payments company but with little actual business—has finally embarked on an acquisition path, moving towards building a multi-billion dollar, truly substantial cryptocurrency empire.
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- 03:35A contract on the Base chain was attacked, resulting in a loss of approximately $219,000.According to ChainCatcher, as monitored by BlockSec, an unknown contract on the Base chain suffered an attack, resulting in a loss of approximately $219,000 (55 WETH). The suspected cause of the attack is improper access control, which allowed arbitrary calls to the transferFrom function, leading to the theft of assets that victims had already authorized.
- 03:35Bank of Japan keeps interest rates unchangedChainCatcher news, according to Gelonghui, the Bank of Japan has kept its benchmark interest rate unchanged at 0.5% for the sixth consecutive meeting, in line with market expectations. Bank of Japan Policy Board member Naoki Tamura believes that, given that price risks are becoming more skewed to the upside, the Bank of Japan should set its policy rate closer to the neutral rate.
- 03:34Tria to launch community round token sale on LEGIONAccording to ChainCatcher, the self-custody digital bank Tria will launch a community round token sale on the ICO platform LEGION. The specific rules have not yet been announced.