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  • 16:04
    The Central Bank of Nigeria establishes a stablecoin task force as the eNaira project faces an existential crisis
    Jinse Finance reported that Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), announced after the conclusion of the World Bank and International Monetary Fund annual meetings in Washington that the central bank has established a dedicated task force in cooperation with the Ministry of Finance and other financial regulatory agencies to assess the framework and impact of launching an official Nigerian stablecoin. According to IMF 2023 data, only 0.5% of Nigerians adopted the CBN's eNaira one year after its launch, with 98.5% of wallets remaining inactive. Although the number of eNaira wallets reached 13 million at the beginning of 2024, the majority remain unused.
  • 16:04
    a16z: The crypto sector urgently needs market structure legislation
    Jinse Finance reported that a16z crypto, the digital asset venture capital fund under Andreessen Horowitz, pointed out in its "2025 State of Crypto Report" released on Wednesday that the issuance of over 13 million meme coins in 2025 indicates a regulatory vacuum in the crypto sector and highlights the urgent need for the United States to pass market structure legislation. a16z crypto emphasized that the enactment of regulatory laws would provide a clearer framework for crypto builders and investors. The passage of the "Digital Asset Market Clarity Act," currently under review in Congress, would protect consumers by adding safeguards, enable oversight of blockchain-based intermediaries, and create a clearer regulatory path for digital commodities.
  • 16:03
    The mysterious whale with a 100% win rate has increased their BTC short position to 657 BTC, worth $70.9 million.
    According to Jinse Finance, on-chain analysts have monitored that the mysterious whale with a 100% win rate is still increasing its BTC short positions. After the latest addition, the whale currently holds a total of 657 BTC, valued at $70.9 million, with an average entry price of $108,530 and an unrealized profit of $472,000.
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