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VIPBitget VIP Weekly Research InsightsStablecoins have recently emerged as a key focus for central banks and financial institutions, with the potential to reshape global payment systems and financial infrastructure. According to data from Chainalysis, stablecoins have surged to a monthly trading volume of trillions of dollars, accounting for 60% to 80% of total cryptocurrency trading volume. This explosive growth has attracted significant attention from traditional financial players, who are accelerating their integration into the digital economy by issuing stablecoins, contributing to blockchain network development, and offering related financial services. In the U.S., financial giants such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring the potential of jointly issuing stablecoins. At the same time, regulatory discussions surrounding stablecoins and the proposed GENIUS Act are gaining significant momentum in mainstream media. In the Web2 world, traditional companies like Stripe have entered the space by acquiring Bridge to build out stablecoin payment capabilities. Meanwhile, Circle has emerged as one of the most influential crypto firms in the U.S. stock market, second only to Coinbase, driven by the success of its USDC stablecoin. In the DeFi space, Yield-Bearing Stablecoins (YBS) are drawing substantial capital inflows with their innovative interest-generating mechanisms.
World Liberty Financial and Vaulta Establish New Alliance to Expand the Frontiers of the U.S. Web3 Banking Industry
- 11:17Galaxy raises $1.4 billion to accelerate Helios AI data center developmentAccording to Jinse Finance, digital asset provider Galaxy Digital Inc. announced today that it has completed a $1.4 billion project financing (“debt financing”) to support the ongoing development of its Helios data center campus. Under a long-term agreement with CoreWeave Inc., this debt financing will fully fund the initial renovation and expansion of Helios, providing first-phase power support for AI and high-performance computing (HPC) operations. Galaxy has already provided $350 million in equity financing, with the remaining construction costs to be covered by the debt financing. This $1.4 billion debt financing is secured at an 80% loan-to-cost ratio, has a term of 36 months, and is collateralized by all assets related to the first phase of Helios construction.
- 11:17Reuters Survey: 68 Out of 110 Economists Expect the Fed to Cut Rates Once or Twice This YearAccording to a report by Jinse Finance, a Reuters survey shows that out of 110 economists, 68 believe the Federal Reserve will cut interest rates one to two times this year, compared to 69 out of 105 in the July survey. Additionally, 67 out of 110 economists expect the Fed to lower rates to 4.0%–4.25% in September, whereas in July, 56 out of 105 held this view.
- 11:05US SEC Chair to Discuss "Cryptocurrency Projects" at 8:30 AM Eastern Time TodayAccording to a report by Jinse Finance, @BitcoinMagazine has released market news stating that Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), will discuss "cryptocurrency projects" at 8:30 a.m. Eastern Time today.