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Quick Take Summary is AI generated, newsroom reviewed. The conclusion of the 120-day OCC review for Ripple National Trust Bank is set for October 30. Approval could allow Ripple to manage digital assets under a national banking license and integrate its blockchain with the U.S. financial system. Ripple's strong compliance and utility-based approach, including its RLUSD stablecoin, may fast-track the approval process. The potential bank approval is seen by investors as a major validation of Ripple's long-te
The article explores the true motivation behind the change in the Federal Reserve chair, pointing out that the core issue is the massive U.S. national debt and fiscal deficit, rather than inflation. Trump has hinted at the possibility of using cryptocurrencies to address the debt problem, and the next chair may promote the integration of digital assets as national financial tools. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still in the process of iterative improvement.
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With the shadow of the SEC lawsuit in the United States now lifted, Ripple Labs—long positioning itself as a blockchain payments company but with little actual business—has finally embarked on an acquisition path, moving towards building a multi-billion dollar, truly substantial cryptocurrency empire.
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- 03:23USD/JPY rises about 50 points in the short term, now at 152.6ChainCatcher news, according to Golden Ten Data, after the Bank of Japan's interest rate decision was announced, the USD/JPY rose about 50 points in the short term, now quoted at 152.6.
- 03:23The European Central Bank plans to launch the digital euro in 2029, with preparatory work to continue.According to ChainCatcher, citing Bloomberg, the European Central Bank will continue to advance the foundational work for the digital euro after the current preparatory phase concludes this month, with plans to launch it in four years. Sources revealed that ECB officials will decide to proceed with the preparatory work at a meeting held this week in Florence, Italy. If the legal framework is in place, they plan to issue the digital euro in 2029. The central bank officials launched a two-year preparatory phase for the project in 2023, hoping that the EU would pass the necessary regulations for the digital euro during this period. However, national governments and the European Parliament have yet to reach an agreement. The biggest obstacle comes from the European People's Party, with some of its members preferring to seek private sector alternatives to the ECB's digital solution. Nevertheless, as policymakers express increasing dissatisfaction with the excessive reliance on American companies for retail payments, the pressure to break the deadlock is mounting.
- 03:23Project Hunt: Payment infrastructure b402 is the project with the most new Top follower increases in the past 7 daysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that in the past 7 days, the payment infrastructure b402 was the project with the most new followers among X (Twitter) Top influencers. The new influential X users following this project include SpiderCrypto (@SpiderCrypto0x), crypto KOL Yuyue (@yuyue_chris), and BroLeon (@BroLeonAus) from Australia. In addition, other projects with the most new X Top influencer followers include Vibe and Concrete Protocol.