News

According to ChainCatcher, as reported by CCN, Mastercard has extended its crypto credential system to self-custody wallets, partnering with Polygon Labs and Mercuryo to address a longstanding pain point in cryptocurrency: lengthy and error-prone wallet addresses. Mercuryo is responsible for KYC verification and issuing aliases; Polygon provides the blockchain infrastructure, supporting fast settlement and low fees; Mastercard establishes credential standards to ensure compliance in transfers. After completing verification, users can link self-custody wallets such as MetaMask to readable aliases, making wallet addresses as simple as usernames. Mastercard's Executive Vice President of Digital Assets stated that this move aims to simplify wallet addresses, build trust, and lower the entry barrier for newcomers. The next phase will include more verification providers and expand to other blockchain networks, marking a significant attempt by traditional financial institutions to integrate blockchain technology in a seamless manner.

ChainCatcher news, the Core Foundation announced that the Grand Court of the Cayman Islands has determined that there are "serious issues to be tried" regarding Maple Finance's suspected breach of confidentiality obligations and exclusive cooperation terms during the joint development of lstBTC. The Core Foundation stated that since the beginning of the cooperation in early 2025, they have invested significant resources in technology development, marketing, and product subsidies. However, Maple Finance was later accused of using confidential information to develop competing products, violating the 24-month exclusive cooperation agreement between the two parties. Regarding Maple Finance's announcement of asset impairment in the Bitcoin Yield product, the Core Foundation pointed out that it is still unclear why Maple Finance is unable to return lenders' bitcoin, and emphasized that this behavior reflects significant doubts about Maple Finance's business operations.