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In fact, it will take us several years to obtain a validity proof for Ethereum consensus.

The Federal Reserve held its first Payments Innovation Summit, discussing the application of stablecoins, tokenized assets, and DeFi in the payments sector. The conference proposed establishing Federal Reserve accounts with limited access to reduce risks and explored how to make traditional systems compatible with blockchain. Cryptographic technologies are now becoming a central topic in payment discussions, and institutional investors may prioritize assets like bitcoin and ethereum. Summary generated by Mars AI. The accuracy and completeness of this AI-generated summary are still being iteratively improved.

The role of cryptocurrency in Argentina has fundamentally changed.


- 00:55CITIC Securities: Waller may eventually take over the Federal Reserve, potentially triggering a reversal trade in "independence"Jinse Finance reported that a research report from CITIC Securities stated that the Trump administration is currently in the process of selecting the next Federal Reserve Chair. We believe the main competition is between Waller and Hassett. For Trump, it is a comparison between the "most suitable" and the "most obedient." At present, market probabilities show Hassett in the lead, but Trump has a high level of trust in Bessent. It is recommended to pay attention to the potential expectations gap that may arise if Bessent, who is committed to maintaining the Fed's independence, leads the interview process. In addition, given the precedent of the market "voting with its feet" and the resistance Trump encountered in the Senate when appointing Milan as a board member, we believe Hassett is unlikely to be elected, and Waller may ultimately prevail. This could trigger a "Fed loses independence" reversal trade: bullish for overall US dollar assets and bearish for gold, with the market possibly reducing expectations for rate cuts next year. If Hassett wins, we expect the market to experience a "muscle memory" reaction to the Fed losing its independence: bearish for overall US dollar assets, bullish for gold, and the market may raise expectations for rate cuts next year.
- 00:23Richard Heart has transferred a total of 30,066 ETH to a new wallet, worth approximately $125 million.ChainCatcher news, according to market sources, Richard Heart (founder of HEX and PulseChain) has transferred a total of 30,066 ETH (worth $125.09 million) to a new wallet. Among them, 29,804 ETH (worth $124 million) were transferred via TornadoCash.
- 00:23Western Union to Pilot Stablecoin Transfer ServiceChainCatcher news, according to Cointelegraph, financial services company Western Union will pilot a stablecoin-based settlement system to modernize remittance services for its more than 150 million customers. Western Union CEO Devin McGranahan stated during the third quarter earnings call that the pilot project focuses on utilizing on-chain settlement rails to reduce reliance on traditional correspondent banking systems, shorten settlement windows, and improve capital efficiency. He emphasized that the company sees significant opportunities to move funds faster, with greater transparency and at lower costs, all without compromising compliance or customer trust. Western Union processes about 70 million transfers per quarter, and blockchain technology offers significant advantages over traditional remittance rails. The company stated that stablecoin services will provide customers with more choices and control, especially for users in countries with severe inflation, where holding US dollar-denominated assets has real value.