02:52 2025-07-04
Market News: JD.com and Ant Group Suggest Central Bank Approval of RMB-Based StablecoinsAccording to Sina Finance, JD.com and Ant Group are recommending that the central bank approve a yuan-based stablecoin, according to people familiar with the matter. JD.com said in a closed-door discussion with the People's Bank of China that there is an urgent need to use offshore yuan stablecoins as a tool to promote the internationalization of the yuan. Ant Group is preparing to apply for stablecoin licenses in Hong Kong and Singapore, and is also preparing for offshore yuan stablecoins, the ...
02:52 2025-07-04
Goldman Sachs cut its forecast for U.S. Treasury yields as the Federal Reserve increases the likelihood of an early rate cutGoldman Sachs Group has cut its forecast for U.S. Treasury yields, pointing to an increased likelihood that the Federal Reserve will cut interest rates sooner than previously expected. Strategists, including George Cole, wrote in a July 3 note that they expect yields on two-year and 10-year Treasuries to fall to 3.45% and 4.20%, respectively, after expecting the two benchmarks to end the year at 3.85% and 4.50%, respectively. Before that, Goldman Sachs economists this week...
02:34 2025-07-04
REX-Osprey SOL Spot ETF saw net inflows of $11.40 million yesterdayAccording to Farside Investors monitoring, the REX-Osprey SOL spot ETF had a net inflow of $11.40 million yesterday, and the trading volume was $34.904 million.
Previously, it was reported that the trading volume of the REX-Osprey SOL spot ETF on the first day of listing (July 2) was reported to be 33.914 million US dollars.
02:19 2025-07-04
FTX creditor representative: China and other regions restricted by crypto policies may lose their claims rightsFTX creditors tweeted on behalf of Sunil that FTX announced a 5% limit on claims in 49 restricted jurisdictions, with Chinese users accounting for 82% of the total value of the affected funds. The reason for the restriction involves local laws banning cryptocurrency trading or distributors from operating.
FTX will seek legal advice on whether funds can be allocated to these regions, and if it is determined that users are from restricted regions, their claims will be disputed and may be forfeited...
02:16 2025-07-04
Japan's Minna Bank is piloting stablecoins and wallet use cases with Fireblocks, Solana Japan, and TISMinna Bank, Japan's first purely digital bank and a subsidiary of Fukuoka Financial Group, announced Thursday that it is exploring the use of stablecoins and digital wallets to support daily financial services and payments in the country.
The initiative is part of a joint study with Fireblocks, Solana Japan, and Japanese tech company TIS to evaluate the practical use of stablecoins and decentralized wallets in real-world banking. The study will examine use cases including cross-border transfers,...
02:16 2025-07-04
Meta Platforms proposes to acquire a minority stake in venture capital firm NFDGAccording to the Wall Street Journal, Meta Platforms is proposing to acquire a minority stake in a fund of venture capital firm NFDG, founded by its newly hired AI heads Nat Friedman and Daniel Gross. The tender offer would allow the fund's limited partners to exit at current valuations and cash out quickly. The founders have gradually stepped back from NFDG.
02:00 2025-07-04
A giant whale/institution has transferred 81,000 ETH to CEX in the past 3 weeksAccording to on-chain data analyst Ember monitoring, a giant whale/institution has accumulated 13,000 ETH (about 32.51 million US dollars) into CEX again in the past 2 days.
In the last three weeks, they have transferred a total of 81,182 ETH (about $198 million) to CEX, with an average price of about $2,443. There are only 14,131 ETH (about $36.68 million) left in their holdings, and they are expected to transfer all of them to CEX in the next three or four days.