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Share link:In this post: Dune Analytics data shows that almost 60% of transactions on XRPL are payments. The network is seeing growth across all sectors, including DeFi, but payments remain its bread and butter. XRP could see a massive surge in value with XRPL rising activity and Ripple set to end the case with the SEC.
Share link:In this post: Elon Musk’s X is in a legal battle with the Indian government over content moderation. India’s Solicitor General rebuked the lawyer’s comments, emphasizing that government officials are legitimate statutory functionaries. Neither party is willing to concede ground as Musk’s feud with the Narendra Modi administration enters long-term territory.
Share link:In this post: Xiaomi customers face 38–60 week-long delays for their YU7 electric SUVs. Over 400 complaints have been lodged after buyers paid a non-refundable 5,000 yuan deposit before they learned about the long wait. Buyers fear losing out on China’s EV tax exemptions, which expire in 2025, and could potentially raise the final costs of the vehicle.
Share link:In this post: Chinese economists urge Beijing to consider yuan-linked stablecoins amid US regulatory breakthroughs. PBOC officials signal openness, citing stablecoins’ potential to transform global payments. Hong Kong emerges as a key testbed for offshore digital yuan initiatives.
- 05:17Whale with address starting 0xf349 shorts Ethereum with 25x leverage, holding a position worth $16.38 millionAccording to a report by Jinse Finance, @ImCryptOpus has issued a whale alert: A whale with an address starting with 0xf349 on Hyperliquid has opened a 25x leveraged short position on Ethereum (ETH), with an entry price of $4,322.17 and a position value of $16.38 million.
- 05:17Ant Group: Reports on Collaboration to Create a Rare Earth RMB Stablecoin Are RumorsChainCatcher reports that, according to CLS, Ant Group has stated that the online rumor claiming "Ant Group, together with the People's Bank of China and China Rare Earth Group, is jointly launching the world's first rare earth RMB stablecoin" is false. The company has never had any such plans with the relevant institutions. Ant Group reminds the public to carefully verify information to avoid being deceived, and urges investors to approach related sector rumors rationally.
- 05:07An ETH ICO participant sold 2,300 ETH about 20 minutes ago, worth approximately $9.91 millionAccording to a report by Jinse Finance, on-chain analytics platform Lookonchain has monitored that an ETH ICO participant sold 2,300 ETH about 20 minutes ago, worth approximately $9.91 million, leaving a remaining balance of 1,623 ETH valued at around $6.99 million.