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The Federal Reserve held its first payment innovation conference, discussing stablecoins, tokenization, and AI payments. The concept of a streamlined master account was proposed, and the legitimacy of the crypto industry was acknowledged, promoting the integration of traditional finance with digital assets. Summary generated by Mars AI.
The global adoption of cryptocurrencies is accelerating, with positive developments in regulation and institutional usage. However, prices are declining. This is why fundamentals and charts do not always align.
Quick Take Summary is AI generated, newsroom reviewed. RoyalTrading posts chart urging traders to monitor XRP closely. XRP trades at $2.39 with 1.10% daily dip on Binance. Support lies near $2.30–$2.40; resistance at $2.45–$2.50. Market cap $144B, 24-hour volume $4.6B.References X Post Reference
From repeated execution to rapid verification, a computational revolution hidden behind graphics cards is transforming the very foundation of blockchain.
- 00:27T.Rowe Price has filed for an actively managed cryptocurrency ETF.Jinse Finance reported that Nate Geraci, President of The ETF Store, stated that the traditional asset management company T. Rowe Price, established in 1937, has submitted an application for an actively managed cryptocurrency ETF. The company currently manages approximately $1.8 trillion in assets and only officially entered the ETF field in 2020. This direct entry into the crypto market is seen as a significant turning point for this traditional asset management giant.
- 00:27Kalshi receives VC investment, valuation may exceed $10 billionChainCatcher news, according to Bloomberg, the prediction market platform Kalshi is receiving financing offers from multiple VCs, with a proposed valuation of over $10 billion–$12 billion. This news comes just weeks after Kalshi announced the completion of a $300 million financing round at a $5 billion valuation (co-led by A16z and Sequoia); in June, it raised $185 million at a $2 billion valuation (led by Paradigm). Kalshi has not responded to requests for comment. On the regulatory side, the CFTC has allowed it to launch more contracts, but there are still disputes regarding state-level gambling regulation. The company claims its annualized trading volume has reached $50 billion; competitor Polymarket received up to $2 billion in investment from ICE, with a valuation of about $8 billion.
- 00:26Citadel founder Ken Griffin discloses 4.5% stake in Solana Treasury companyOn October 23, it was reported that Ken Griffin, founder and CEO of Citadel, submitted documents to the U.S. Securities and Exchange Commission (SEC), disclosing his personal holding of a 4.5% stake in digital asset vault company DeFi Development Corp. (DFDV), approximately 1.3 million common shares, valued at about $600 million. DFDV mainly focuses on Solana (SOL) asset reserves and is currently the second largest Solana vault company. In addition, Citadel Advisors LLC and its affiliated entities also hold about 800,000 shares of DFDV, accounting for 2.7% of the company. This disclosure makes Citadel one of the major institutional investors in DFDV and marks a further step for this traditional financial giant into the digital asset sector. According to the documents, DFDV purchased SOL worth a total of $117 million within 8 days at the beginning of this month, and currently holds about 2.19 million SOL, with a market value of approximately $400 million. Analysts believe that Griffin's move reflects that institutional investors are now viewing crypto vaults as a new asset class, although their valuation is still significantly affected by crypto market volatility.