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Magma Finance officially announced today the launch of its innovative product ALMM (Adaptive Liquidity Market Maker), making it the first Adaptive & Dynamic DEX product on the Sui blockchain. As an improved version of DLMM, ALMM significantly enhances liquidity efficiency and trading experience through discrete price bins and a dynamic fee mechanism, marking a major upgrade to the DeFi infrastructure in the Sui ecosystem.
Through this collaboration, DDC will leverage Wintermute’s OTC liquidity and execution capabilities in both spot and derivatives markets to accelerate the expansion of its bitcoin treasury, explore yield-generating strategies to optimize treasury management, and achieve more efficient execution performance in the global digital asset market.
- 15:23Tether to launch US domestic stablecoin USAT, appoints Bo Hines as CEOJinse Finance reported that Tether is launching USAT, a US dollar-backed stablecoin planned to be issued under the US regulatory framework, and has appointed Bo Hines as the future CEO of Tether USAT. USAT will strictly adhere to the regulatory standards of the US GENIUS Act, be backed by transparent reserves, and is designed to provide businesses and institutions with a digital alternative to cash and traditional payment systems. The stablecoin will utilize Tether's Hadron technology platform, with Anchorage Digital, a federally regulated crypto bank, serving as the compliant issuer, and Cantor Fitzgerald as the designated reserve custodian. Tether CEO Paolo Ardoino stated that the launch of USAT is a natural step to ensure the US dollar maintains its dominance in the digital era. Bo Hines previously served as Executive Director of the White House Crypto Committee and possesses expertise in law, business, and policy.
- 15:23Deutsche Bank: The Federal Reserve is expected to cut interest rates by 25 basis points at each of its remaining three meetings this year.Jinse Finance reported that Deutsche Bank stated it expects the Federal Reserve to cut interest rates by 25 basis points at each of the remaining three meetings this year, which is an adjustment from the previous forecast of rate cuts in September and December.
- 15:22The U.S. Department of Justice seeks to seize over $500,000 USDT from the private wallets of an Iranian drone supplier.ChainCatcher news, according to Decrypt, the U.S. Department of Justice has filed a civil forfeiture lawsuit aiming to recover $584,741 USDT from an Iranian citizen. According to the U.S. Department of Justice, Mohammad Abedini is the founder of Iran's SDRA company, which provides technical support for Iran's "Shahed" military drones. It is alleged that these tokens are stored in a non-custodial cryptocurrency wallet, but authorities did not provide further details.