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The Federal Reserve held its first payment innovation conference, discussing stablecoins, tokenization, and AI payments. The concept of a streamlined master account was proposed, and the legitimacy of the crypto industry was acknowledged, promoting the integration of traditional finance with digital assets. Summary generated by Mars AI.
The global adoption of cryptocurrencies is accelerating, with positive developments in regulation and institutional usage. However, prices are declining. This is why fundamentals and charts do not always align.
Quick Take Summary is AI generated, newsroom reviewed. RoyalTrading posts chart urging traders to monitor XRP closely. XRP trades at $2.39 with 1.10% daily dip on Binance. Support lies near $2.30–$2.40; resistance at $2.45–$2.50. Market cap $144B, 24-hour volume $4.6B.References X Post Reference
From repeated execution to rapid verification, a computational revolution hidden behind graphics cards is transforming the very foundation of blockchain.
- 00:35The ETF Store President: T. Rowe Price's Application for a Crypto ETF is Highly SignificantChainCatcher news, The ETF Store President Nate Geraci posted that the traditional asset management giant T. Rowe Price, established in 1937, has unexpectedly submitted an application for an actively managed cryptocurrency ETF. The company manages approximately $1.8 trillion in assets and only began entering the ETF field in 2020. This shift toward the crypto market is seen as a major signal for the industry. Many traditional financial institutions are rapidly formulating crypto strategies to avoid repeating the mistake of missing out on the ETF boom.
- 00:27T.Rowe Price has filed for an actively managed cryptocurrency ETF.Jinse Finance reported that Nate Geraci, President of The ETF Store, stated that the traditional asset management company T. Rowe Price, established in 1937, has submitted an application for an actively managed cryptocurrency ETF. The company currently manages approximately $1.8 trillion in assets and only officially entered the ETF field in 2020. This direct entry into the crypto market is seen as a significant turning point for this traditional asset management giant.
- 00:27Kalshi receives VC investment, valuation may exceed $10 billionChainCatcher news, according to Bloomberg, the prediction market platform Kalshi is receiving financing offers from multiple VCs, with a proposed valuation of over $10 billion–$12 billion. This news comes just weeks after Kalshi announced the completion of a $300 million financing round at a $5 billion valuation (co-led by A16z and Sequoia); in June, it raised $185 million at a $2 billion valuation (led by Paradigm). Kalshi has not responded to requests for comment. On the regulatory side, the CFTC has allowed it to launch more contracts, but there are still disputes regarding state-level gambling regulation. The company claims its annualized trading volume has reached $50 billion; competitor Polymarket received up to $2 billion in investment from ICE, with a valuation of about $8 billion.