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Fidelity Investments announced the launch of its first stablecoin, Fidelity Digital Dollar (FIDD), which operates on the Ethereum network and is aimed at both institutional and retail users. FIDD will be backed by cash, cash equivalents, and short-term U.S. Treasury bonds as reserves, and will comply with the new federal GENIUS Act standards for payment stablecoins. The stablecoin is designed for round-the-clock institutional settlements and on-chain retail payments, positioning itself as a competitor to Circle's USDC and Tether's USDT, while also laying the groundwork for future on-chain financial products.

Jinse Finance reported that after Trump showed a dovish stance towards the weak US dollar, emerging market currencies and stock markets continued their rally. On Wednesday, the emerging market currency index rose by 0.3%, with the Malaysian ringgit and the Korean won leading the gains. Driven by Asian chip stocks, the emerging market stock index increased by 1.6%. Luis Costa, Head of Emerging Markets Strategy at Citigroup, stated, "We expect the trend of a weakening US dollar to continue." Emerging market currencies that are likely to benefit from this include the South African rand, Brazilian real, and Korean won. Guy Miller, Chief Strategist at Zurich Insurance, pointed out that in terms of emerging market stocks, the combination of a weak US dollar and robust global economic growth is creating a favorable environment for this asset class. Companies involved in both IT and AI spending cycles are particularly attractive.

According to CoinWorld, within a single day, as many as 352.9 billion SHIB tokens were transferred to exchanges, causing a severe supply and demand imbalance and intensifying selling pressure. As exchange reserves increased by 2.7% to 82.14 trillion SHIB, and a large influx of funds was mainly driven by major holders, although SHIB's price is currently attempting to stabilize along an upward trendline, its price still faces greater risk.