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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.
- 05:41Four.meme platform's presale project Coreon raises over $20 millionAccording to ChainCatcher, platform data shows that the AI + Intent track project Coreon (MCP) has raised more than 20 million US dollars on Four.meme, with over 40,000 participants. Coreon is built on its independently developed MCP protocol (Multi-Chain Cognitive Protocol), serving as a foundational protocol for the AI intent layer, enabling on-chain operations to be completed through natural language.
- 05:20Grayscale Releases Solana Report: Ecosystem Annual Revenue Could Reach $5 Billion, Timely Network Growth May Drive SOL Price UpChainCatcher reported that the crypto asset management company Grayscale has released a research report on the Solana ecosystem, pointing out that Solana has become a "host network" for blockchain applications. For example, decentralized exchanges such as Raydium and Pump.fun are built on Solana. Currently, the Solana ecosystem generates about $425 million in fee revenue per month, which means the annual revenue of the ecosystem could reach $5 billion. So far this year, the average transaction fee on the network is only $0.02. In addition, there are now more than 1,000 full-time developers in the Solana ecosystem, which is lower than Ethereum but higher than other mainstream blockchain ecosystems. Regarding Solana's native network token SOL, Grayscale believes that although the token supply is growing at an annual rate of about 4%–4.5%, SOL stakers can generally earn a nominal yield of 7%, which means the actual yield can be maintained at around 2.5%–3%. If the Solana network continues to grow over time, investors can expect the price of SOL to rise accordingly.
- 04:46Bitdeer’s total bitcoin holdings increase to 2,126.8 BTCJinse Finance reported that Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on the X platform. As of October 17, its total Bitcoin holdings had increased to 2,126.8 BTC. In addition, its Bitcoin mining output for this week was 117.2 BTC, while 51.6 BTC were sold during the same period.