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In a country isolated by the Western financial system, "stablecoin"—a term that once appeared only in Silicon Valley whitepapers—has quietly become a foundational infrastructure that ordinary people and businesses truly rely on.
The article reveals how, under Western financial sanctions, the crypto economy has become an important financial tool for businesses and individuals in Russia, with stablecoins such as USDT playing a key role in both the black market and legitimate trade. Summary generated by Mars AI. This summary was generated by the Mars AI model, and the accuracy and completeness of the content are still being iteratively updated.
Before Moore Threads was listed on the STAR Market, Li Feng had another secret history in the crypto space.
IoTeX Head of Research Dr. Xinxin Fan co-authored a paper titled "Enabling a Smooth and Secure Post-Quantum Transition for Ethereum," which was awarded Best Paper at the 2024 International Conference on Blockchain (ICBC 2024).
A summary of major market events on December 7th.
- 06:28A whale opened long positions on ETH, SUI, and FARTCOIN three hours ago, with unrealized profits of $188,000.According to Jinse Finance, on-chain analyst @ai_9684xtpa monitored that the "Iron-Headed Bulls," who have gone long 36 consecutive times between 11.03 and 11.26, opened three long positions in ETH/SUI/FARTCOIN three hours ago, with a total position of $20.28 million and an unrealized profit of $188,000. Among them, the ETH position is valued at $9.39 million (holding 3,000 coins), with an entry price of $3,116.98.
- 06:28European Central Bank's Schnabel: Agrees with market expectations that the central bank's next move will be a rate hikeJinse Finance reported that European Central Bank Executive Board member Schnabel agreed with investors' bets that the ECB's next move would be a rate hike. Schnabel stated that borrowing costs are already at a level that will remain appropriate for some time unless new shocks occur, and that consumer spending, corporate investment, and significant government spending on defense and infrastructure will continue to boost the economy. The German hawk pointed out that economic and inflation risks are tilted to the upside. She hinted that at the December meeting, new economic growth forecasts might be revised upward, and analysts expect the deposit rate to be maintained at 2% for the fourth time. Schnabel is the first ECB policymaker to explicitly state that borrowing costs have not only reached an "appropriate level" (a point repeatedly emphasized by President Lagarde and other ECB officials) but have actually reached the lower bound. (Golden Ten Data)
- 06:28Japan's 10-year government bond yield rises to 1.965%, reaching its highest level since June 2007Jinse Finance reported that Japan's 10-year government bond yield rose to 1.965%, reaching a new high since June 2007. (Golden Ten Data)