Strategy founder Michael Saylor: Global capital will pour into the Bitcoin network

Asked whether a stablecoin could be pegged to the renminbi, Xu Zhengyu, Hong Kong's secretary for financial services and the treasury, who was attending the Lujiazui Forum in Shanghai, pointed out that from the perspective of Hong Kong regulations, this possibility is not ruled out. It is legally allowed to use different fiat currencies as the underlying benchmark of stablecoins, but pegging to the renminbi must take into account the country's exchange rate and monetary policy, and the risks and...

The Economic Observer published an article "How the Hong Kong Experiment of Offshore RMB Stablecoin Broke", which pointed out that the Hong Kong Stablecoin Ordinance is scheduled to be implemented in August or indicates that the experiment of offshore RMB (CNH) stablecoin is approaching. Referring to the experience of RMB business pilot in 2003, the implementation of CNH stablecoin can be advanced in three stages: First, the sandbox experiment (2025-2026): a pilot issue of CNH stablecoins by Chi...

L1 blockchain Kaia tweeted that it has become a full member of the Japan Blockchain Association. Officials said it is currently expanding practical adoption through LINE mini-DApps on the Dapp Portal.

According to The Block, Bitcoin on-chain trading activity fell to its lowest level in a year and a half. The 7-day moving average trading volume fell to 316,000 last week, and is now slightly back to about 350,000, well below the peak of 700,000 in mid-2024. Speculative frenzy for Bitcoin-native protocols such as Runes and Ordinals has subsided, and traders' interest has turned to other blockchain ecosystems. Since the beginning of the year, bitcoin transaction fees have continued to fall below ...

According to Whale Alert, 2 minutes ago, USDC Treasury destroyed 60 million USDC on the Ethereum chain.

The Sei Network, a Layer 1 blockchain project, said in a post on the X platform that it has been selected as a candidate blockchain for WYST by the Wyoming Stable Token Council. WYST is a stablecoin launched by the state and will be deployed using LayerZero. The testnet has been launched. At this stage, the supported blockchains include Avalanche, Solana, Ethereum, Arbitrum, Base, Optimism and Polygon. This selection means that Sei Network will develop into a "currency blockchain".

On June 20th, according to data disclosed by GLC Research, it has been two months since Aave DAO started AAVE token repurchase and fee conversion, and the agreement has always adhered to its plan to repurchase $1 million per week. As of today, Aave DAO has repurchased 50,000 AAVs, with a total cost of $10 million and an average purchase price of $199.74. At the current market price of $264, this fund reserve is now worth about $13 million. Aave DAO is expected to continue its $1 million per week...

The Jupiter DAO has announced that it will suspend voting until the end of 2025, and the Active Staking Reward (ASR) will be extended simultaneously, allowing all stakers to still receive rewards.

According to Lookonchain monitoring, Whale 73FtSU today sold 2.18 million FARTCOINs purchased 2 months ago for an average price of $1.06, worth $2.30 million, making a profit of about $251,000.

According to Lookonchain monitoring, the giant whale address 0x9992 borrowed 10 million USDT from Aave again about 4 hours ago, and used the funds to buy 3,983 ETH at a price of $2510.64 each.

The European Union Commission said on Thursday it was seeking more information from Musk's X platform about changes to its corporate structure, after artificial intelligence company xAI completed its acquisition of X for $33 billion. A spokesperson for the European Union stressed: We are closely monitoring changes in the corporate structure of the X platform, as we do with other designated platforms. In July last year, the European Union initially found that the X platform had "deceptive design"...

Goldman Sachs pointed out that Trump's spending plan will not stop the US national debt from climbing to "unsustainable" highs. The level of US debt is now second only to that of the second world war. Next year, the United States needs to pay for the 36 trillion...