News

Foresight News reported that US community bank Stablecore has announced the completion of a $20 million funding round, with investors including Norwest, an exchange, Curql, BankTech Ventures, and others. Stablecore provides stablecoin, tokenized deposits, and digital asset solutions for US community and regional banks as well as credit unions, with a platform that can be seamlessly integrated into existing banking systems. The company stated that the funds will be used to expand its customer base and team size, supporting traditional financial institutions in launching digital asset-related businesses.

Foresight News reported, according to The Block, that NYSE American-listed company CleanCore Solutions (ZONE) has purchased another 100 million Dogecoin (DOGE), bringing its total holdings to over 600 million DOGE. Earlier this month, CleanCore launched a $175 million Dogecoin reserve, aiming to increase its holdings to 1 billion DOGE within 30 days, with a long-term plan to acquire 5% of DOGE's circulating supply. The company is supported by the Dogecoin Foundation and House of Doge, aiming to promote DOGE as a reserve asset and for applications in payments, tokenization, remittances, and staking-like products. Since the reserve was launched, the price of DOGE has risen by more than 25%.

Foresight News reported that Sky officially stated that more than 75% of the MKR supply has now been upgraded to SKY. Regarding the delayed upgrade penalty for MKR to SKY, a governance vote will be confirmed on September 18, and if passed, the penalty measures will take effect on September 22.

Foresight News reported, according to Onchain Lens monitoring, Tether minted 2 billion USDT on the Ethereum network in the past 45 minutes. Over the past 4 days, Tether has minted a total of 4 billion USDT on the Ethereum network.

Foresight News reported that, according to Arkham monitoring, BlackRock recently purchased bitcoin worth $260 million, while further increasing its holdings by acquiring ethereum worth $360 million.

Jinse Finance reported that the price of recent gold futures contracts has once again reached a record closing high, continuing to rise amid market expectations that the Federal Reserve will soon cut interest rates. Gold futures rose 0.2% to $3,688.90 per ounce, marking the third consecutive trading day that recent contracts have set a new historical high. Bank of America stated in a report that economic data indicates the current financial environment is favorable for gold. The bank noted: "Concerns about stagflation—which typically benefit gold—remain a key focus for precious metals market participants." Bank of America also stated that the 2.9% Consumer Price Index (CPI) reading in August likewise supports gold. "Since 2001, when the U.S. CPI has been above 2% and the Federal Reserve has implemented monetary easing, gold prices have never declined."

Jinse Finance reported that asset management giant Apollo, together with blockchain platforms Centrifuge and Plume, has launched a new tokenized credit fund, ACRDX, which has received a $50 million investment from crypto credit company Grove. This fund brings Apollo's diversified credit investments on-chain, allowing institutional investors to participate more conveniently and transparently.

Jinse Finance reported that the scale of the Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Tuesday was $1.8817 billion, compared to $1.6954 billion in the previous trading day.

Jinse Finance reported that according to market data, BTC has surpassed $116,500 and is now quoted at $116,516.93, with a 24-hour increase of 1.47%. The market is experiencing significant volatility, so please manage your risks accordingly.