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Citigroup is considering offering custody services for stablecoin and crypto ETF collateral, exploring stablecoins as a viable option to improve payment systems.
Share link:In this post: Tesla’s sales in Norway have surged despite growing discontent among Norwegians regarding Elon Musk’s political stance. SpaceX’s BTC holdings have crossed the $1 billion mark again. Tesla’s deep ties in Norway influence its consistent sales numbers, but it is slowly losing its dominance as more rivals make headway.
Share link:In this post: Elon Musk says Google currently has the highest probability of leading AI due to its compute and data advantage. Google will invest $9 billion in Oklahoma to expand AI and cloud infrastructure over the next two years. The plan includes a new Stillwater data center campus and expansion of its Pryor facility.
Share link:In this post: Hon Hai Precision Industry (Foxconn) reported a 27% increase in Q2 profits, driven by sales in its AI server business. The company reported a net income of NT$44.36 billion for the period, surpassing an average analyst projection of NT$36.14 billion. It also expects significant growth in Q3 and the rest of the year.
Share link:In this post: US PPI jumped 3.3% in July, the highest annual gain since February. Monthly PPI rose 0.9%, blowing past the 0.2% forecast. Service costs surged, led by machinery wholesaling and portfolio fees.
Share link:In this post: The EU is preparing a 19th sanctions package against Russia, targeting next month for adoption. Trump will meet Putin in Alaska without Zelenskyy, raising concern among European and Ukrainian officials. Trump warned of “very severe consequences” if Putin refuses to pursue a ceasefire.
- 03:32MetaDAO Co-founder: Paradigm Agrees to Purchase $5.9 Million Worth of META at an Average Price of $7.83ChainCatcher reported that MetaDAO co-founder Proph3t tweeted that venture capital firm Paradigm agreed to purchase META tokens worth $5.9 million at a price of $7.83 per token. As with other over-the-counter (OTC) transactions, this deal was executed using a 24-hour time-weighted average price (TWAP).
- 02:59Data: PING market cap hits a new high, surpassing 70 million USDAccording to ChainCatcher, GMGN market data shows that the x402 protocol token PING has surpassed a market capitalization of $70 million, currently reported at $70.2 million, with a 24-hour increase of 334% and a 24-hour trading volume of $41.9 million. Previously, an exchange CEO named Star posted a screenshot of a trading interface on social media, showing that the account in the screenshot bought 4,450 PING at $0.045 each (approximately $200). The price has since risen by 55% compared to that time, and the trade has an unrealized profit of $110.
- 02:56Stablecoin protocol STBL launches MFS Beta phase and plans to introduce a staking moduleJinse Finance reported that the stablecoin protocol STBL announced on X that it has launched the MFS (Multi-Factor Staking) Beta phase on the STBL App, planning to introduce a staking module that allows users to lock STBL or a combination of "STBL and USST", with the lock-up period tentatively set at 3, 7, or 14 days. STBL added that MFS will operate on the BNB Chain, with an average daily staking reward of approximately 115,200 STBL.