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  • 00:57
    Google Cloud announces its L1 blockchain GCUL information and opens the waitlist.
    On August 27, according to official page information, Google Cloud announced details about its L1 blockchain, Google Cloud Universal Ledger (GCUL), and opened a waitlist. Google Cloud stated that GCUL can provide digital asset issuance, management, and settlement experiences. Its atomic settlement feature reduces risk and enhances liquidity. Google Cloud is exploring how to enable value transfer through secure transactional media, all of which are collateralized by bankruptcy-protected assets provided by regulated institutions, such as central bank deposits or money market funds.
  • 00:54
    A whale pushed XPL up to $1.8 within two minutes and then closed the position, earning over $14 million in profit.
    According to Jinse Finance, Onchain Lens monitoring shows that a whale pushed the price of XPL up to $1.8 within just two minutes, then closed the position, making a profit of over $14 million, and re-established a long position in XPL. In contrast, due to this sudden price surge, a trader holding a $XPL short position was liquidated, resulting in a loss of $7 million.
  • 00:54
    CITIC Securities: The Federal Reserve's independence can still be maintained under Powell's tenure
    ChainCatcher news, according to Golden Ten Data, a research report from CITIC Securities stated that the case of "Trump dismissing Cook" is expected to eventually be brought before the US Supreme Court. During the legal proceedings, Cook is expected to retain his position as a Federal Reserve Board member. The market has developed a "muscle memory" regarding the Federal Reserve's independence crisis. After the news of "Trump dismissing Cook" broke, the market reaction was almost identical to the "knee-jerk reaction" to the July 16 news of "Trump dismissing Powell." The US Treasury yield curve steepened, US stock futures and the US dollar index fell, and gold prices rose. After Cook responded through his lawyer, the market reaction somewhat stabilized. The outcome of this event still awaits a decision through the US legal process. We believe that the Federal Reserve's independence can still be maintained during Powell's tenure.
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