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Quick Take Summary is AI generated, newsroom reviewed. Ripple CEO Brad Garlinghouse highlighted XRP's ability to settle transactions in approximately 3 seconds, positioning it as a superior alternative to traditional financial networks. Garlinghouse stressed that XRP's long-term value is driven by its utility in solving a big problem, particularly streamlining cross-border payments and asset tokenization. Ripple is focusing on XRP to tokenize and transfer real-world assets like real estate, facilitating ef
Quick Take Summary is AI generated, newsroom reviewed. BitMine added 264,400 ETH, bringing total holdings to 2.42 million. Mid-August purchases spiked with 317,100 ETH, showing an aggressive accumulation strategy. Late August acquisition added 269,300 ETH, strengthening BitMine’s ETH treasury. The company now controls Ethereum worth approximately $9.72 billion in total. Chairman Tom Lee envisions Ethereum’s growth amid rising institutional adoption trends.References UPDATE: Bitmine added another 264K $ETH
Bitcoin is sliding towards a key support level as inflation rises and the Federal Reserve remains hesitant about cutting interest rates.
For retail investors, for projects that have not yet had a TGE, you can interact with a few of them to earn points; for projects that have already had a TGE, it's best to consider both market cap and trend, and ideally buy on the right side.
- 00:53Base protocol lead: Every application on the Base chain needs to use the EIP5792 standardJinse Finance reported that Jesse Pollak, head of the Base protocol, stated on social media that every application on the Base chain needs to use the EIP5792 standard, and emphasized the need to phase out multi-step authorization mechanisms as soon as possible.
- 00:47Cyber Hornet applies for three ETFs mixing ETH, SOL, and XRP futures with the S&P 500 indexChainCatcher News, according to market sources and US SEC filings, Cyber Hornet Trust is seeking regulatory approval to launch three new ETFs. These products are designed to track the S&P 500 Index, as well as S&P CME 75/25 hybrid indices related to Ethereum, XRP, and Solana futures. The proposed ETFs are: Cyber Hornet S&P 500 and Ethereum 75/25 Strategy ETF (EEE), Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF (SSS), and Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF (XXX). Each fund will allocate approximately 75% of its assets to large-cap US stocks in the S&P 500 Index, with the remaining 25% allocated to futures contracts of Ethereum, Solana, or XRP, depending on the fund category. The filings show that all three ETFs will have a management fee rate of 0.95%. These funds will maintain their target asset allocation ratio through monthly rebalancing, although investment advisors may adjust the ratio based on market conditions. For the cryptocurrency portion of the investment, the funds will gain exposure through direct purchases, CME futures contracts, and exchange-traded open-ended index products. If approved, these funds will be listed on the Nasdaq Exchange and can only be purchased through secondary market trading, with direct redemption not supported.
- 00:34Hyperdrive: The security incident only affects the Primary USDT0 market and the Treasury USDT market; all market trading and withdrawal functions are currently suspended.According to ChainCatcher, Hyperdrive has officially disclosed that the security issue affecting the protocol has so far been confirmed to impact only two markets: the Primary USDT0 market and the Treasury USDT market. To prevent malicious activity, the protocol has temporarily suspended all markets (including the interest mechanism) and paused all withdrawal functions. The Hyperdrive team stated that they are working with top security and forensic experts to investigate the issue and are developing a patch to resolve it. The team has committed to releasing a full post-mortem report after the investigation is complete and will provide the next substantial update within 24 hours via their official Twitter and Discord channels. The team is currently exploring all possible avenues to mitigate the impact on affected users, prioritizing a comprehensive assessment of the event's overall impact and formulating an integrated remediation plan. Users are advised not to interact with the protocol or send funds to its smart contracts for the time being.