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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.
- 18:40Solana Co-founder: There are currently no engineering or technical barriers to building a cross-chain bridge from Solana to Ethereum L1Jinse Finance reported that Solana co-founder toly posted on X, stating, "All existing Layer 2 networks (L2) are equipped with permissioned multi-signature mechanisms, which can override cross-chain bridge contracts without prior notice. The 'escape hatch' (referring to the emergency withdrawal mechanism for cross-chain assets in extreme situations) is not a property of Layer 2 networks, but rather a property of cross-chain bridges. Currently, there are no engineering or technical barriers preventing the construction of cross-chain bridges on the Solana blockchain targeting the Ethereum Layer 1 (L1) network. In other words, it is possible to make Ethereum L1 serve as Solana's 'Layer 2 network,' while providing complete withdrawal guarantees for cross-chain assets. Achieving this does not require any modifications to Ethereum, and as the difficulty of implementing zero-knowledge proving (Zk proving) technology on Ethereum L1 decreases, the difficulty of building such cross-chain bridges will also decrease."
- 18:40WLFI advisor Ogle purchased 4.87 million VALOR tokens for $10,000According to Jinse Finance, Lookonchain monitoring shows that WLFI advisor Ogle purchased 4.87 million VALOR with $10,000 and added them to the Meteora (VALOR-USD1) liquidity pool.
- 18:22BlackRock BUIDL Fund Deploys $500 Million to AvalancheJinse Finance reported that Avalanche Chief Communications Officer @vohvohh posted on X that BlackRock's BUIDL fund has deployed $500 million to Avalanche. Currently, Avalanche ranks fourth among all blockchains in terms of total value locked (TVL) of real-world assets (RWA).