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Collaboration Aims to Develop Multi-Stablecoin Liquidity-Powered Global Settlement Layer
Near Protocol Validators Require 80% Approval for Proposed Annual Inflation Reduction, with Decision Expected by October 2025
The overall crypto market is experiencing a decline, with significant price drops in bitcoin and ethereum. Altcoins are leading the downward trend, and the total liquidation amount across the network is substantial. Large investors are adjusting their positions to cope with the volatility. Summary generated by Mars AI This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
DraftKings has acquired the CFTC-licensed Railbird exchange, entering the prediction market sector to counter competitive threats, resulting in an 8.3% increase in its stock price. This move expands its business into states where traditional gambling is prohibited, but also faces regulatory challenges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
- 07:41BNB Chain generated nearly $2 million in revenue over the past 24 hoursJinse Finance reported, citing market sources: In the past 24 hours, BNB Chain generated $1.9 million in revenue, with Hyperliquid following closely behind at $1.6 million.
- 07:35Opinion: Long-term Bitcoin holders continue to distribute, with holdings decreasing by 28,000 BTC in the past weekAccording to a report by Jinse Finance, glassnode has released a chart showing that since October 15, the holdings of long-term bitcoin holders have decreased by another 28,000 BTC, reflecting excessive net distribution by long-term holders.
- 07:26Bank of England Governor Andrew Bailey criticized for making unnecessary "inflammatory" remarks about stablecoinsJinse Finance reported that Mintable CEO Zach Burks recently commented that Bank of England Governor Andrew Bailey's "unnecessarily inflammatory" remarks about stablecoins are "political maneuvering." In an interview, Burks stated that stablecoins do not pose a risk to the global financial system. He pointed out that almost all stablecoins have a "blacklist function" that can freeze funds stolen by hackers; moreover, most stablecoins are operated by publicly listed companies or regulated institutions and are "already subject to relevant legal constraints." In Burks' view, Bailey and the Bank of England are deliberately criticizing stablecoins because "stablecoins threaten the viability of central bank digital currencies (CBDCs), which are a core part of the Labour Party's 'digital identity' agenda." He added that this kind of "fear-mongering is intended to influence the initial perception of those who are unfamiliar with blockchain technology."