News

US Congressman French Hill stated that a stablecoin bill without market structure is like a cellphone without a network. He emphasized that the industry needs clear rules, including regulatory frameworks for banks, brokers, and decentralized finance, to ensure proper functioning. (CoinDesk)

U2U experienced significant on-chain activity growth in the third quarter, benefiting from the integration of DeFi, RWA, and DePIN sectors. Network usage efficiency improved, transaction volume surged, and the active user base was further consolidated. Key data includes: new transaction volume increased by 685.0% quarter-on-quarter to 7.9 million transactions, total transaction volume rose by 135.6% quarter-on-quarter to 6.4 million transactions, active accounts grew by 47.6% quarter-on-quarter to approximately 1,160, and transaction fees increased by 171.0% quarter-on-quarter to 359 U2U. (Messari)

BlockBeats News, on December 30, the Bitcoin ecosystem decentralized protocol BLIFE Protocol announced that it has completed a merger with the Web3 gaming interoperability project Portal. After the merger, all business operations will be unified under the Portal brand. While retaining its original cross-chain gaming and interoperability support, Portal will also integrate BLIFE’s Bitcoin-based products and ecosystem. After the merger, former Ubisoft "Assassin's Creed IV: Black Flag" game director Benjamin Charbit will serve as Portal’s CEO. Leading Web3 investment institution Animoca Brands will provide a new round of funding for Portal’s relaunch and introduce its gaming investment portfolio resources. G-20 will also participate as an ecosystem and strategic partner to support the project. In the past two years, BLIFE has continuously advanced the construction of Bitcoin Web3 infrastructure, launching the first on-chain identity protocol on Bitcoin, BLIFE.ID, as well as the meme coin trading platform Odin.fun. In mid-2025, BLIFE will acquire the Bitcoin L1 cross-chain bridge Beyond. This bridging protocol is about to go live on the mainnet and will become part of Portal’s cross-chain technology stack, providing Portal with native Bitcoin interoperability capabilities.