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In a landmark achievement for both the blockchain and space industries, Justin Sun, founder of the Tron blockchain network, has successfully completed Blue Origin’s NS-34 suborbital mission, marking him as the youngest Chinese astronaut in history.
Former UK Chancellor George Osborne has warned that Britain risks becoming irrelevant in the global crypto economy unless it urgently reforms its regulatory approach.
South Korean banks are rapidly developing their crypto business strategies in anticipation of a new regulatory era. With the upcoming enforcement of the Virtual Asset User Protection Act in July 2024, traditional financial institutions are eager to capture opportunities in digital assets even as they brace for increased compliance demands.
The European Central Bank (ECB) has confirmed that physical cash will continue to play an essential role alongside the growing use of digital payments in Europe. Despite the rapid increase in electronic payment methods, the ECB reassures the public that cash is not becoming obsolete and will remain a critical part of the monetary system.
Share link:In this post: Accumulator wallets continue to buy without selling, reinforcing the bullish sentiment around the Bitcoin market. Declining OTC reserves hint at tightening supply and rising institutional demand. Short-term holders are nearing breakeven, increasing the risk of panic selling.
- 08:52Data: Liquid Leverage Attracts Over $1.5 Billion in Inflows Within One Week of LaunchAccording to ChainCatcher, Ethena Labs announced on social media that its Liquid Leverage product, launched last week, has attracted over $1.5 billion in capital inflows. Aave has also raised the relevant deposit caps: the sUSDe deposit limit has been increased to approximately $350 million, and the USDe deposit limit has been raised to about $300 million. The official team expects to announce the adjustment plan for USDe’s September quota within the next 36 hours. According to the introduction, Liquid Leverage is an integrated feature that allows users to gain leveraged exposure to sUSDe interest rates while maintaining overall position liquidity by holding USDe, without being subject to a cooldown period.
- 08:42WLFI Announces the Launch of the USD1 Stablecoin Points ProgramAccording to ChainCatcher, WLFI announced today that it will launch a USD1 stablecoin points program, which will initially be rolled out in collaboration with select cryptocurrency exchanges. Under this program, users can earn points by trading USD1 pairs, holding USD1 balances, and participating in staking activities on partner exchanges. The initiative aims to incentivize stablecoin users for their contributions to the cryptocurrency ecosystem. Detailed points rules will be announced by each partner in due course.
- 08:27Hong Kong-listed company DL Holdings plans to raise approximately $83 million to expand its blockchain businessAccording to ChainCatcher, Hong Kong-listed financial group DL Holdings has announced a fundraising of HKD 653.3 million (approximately USD 83.2 million) through a share placement, with a focus on investing in the blockchain and crypto asset sectors. Key areas include RWA tokenization (30%), Bitcoin mining (15%), and digital asset license applications (7%). The placement price of HKD 2.95 per share represents a discount of about 4% compared to the market price on the announcement date. Following the news, the stock price dropped by 8.4% on the same day. The placement shares account for 13.58% of the issued share capital, and upon completion, the major shareholder’s stake will be diluted to 11.96%.