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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.
- 05:58Analyst: Are Tariff Effects Unstoppable? US Inflation Expected to Accelerate in JuneAccording to a report by Jinse Finance, analysts have noted that after several months of low inflation, U.S. consumers may have experienced a slight acceleration in price increases in June, as businesses began passing on higher import costs related to tariffs to consumers. Surveys of economists by institutions indicate that prices for goods and services, excluding the more volatile food and energy costs, are expected to have risen by 0.3% in June—the largest increase in five months. In May, the core CPI edged up by just 0.1%. Although next Tuesday’s report may show that the cost of U.S. import tariffs has only been partially passed on to consumers, many economists expect inflation to gradually pick up as the year progresses. Meanwhile, many businesses remain hesitant to raise prices, as U.S. consumers have become more cautious with their spending following a cooling job market. This represents a delicate balance.
- 05:38Planet Noon Briefing1. Only 10,000 wallets successfully participated in the PUMP presale, with over 200 addresses reaching the $1 million hard cap;2. The Pudgy Penguins founder's wallet transferred 265 million PENGU to a new address;3. The Hyperion airdrop claim page is now live, and RION claims will open after TGE;4. The "insider whale" alt account shorted FARTCOIN for the first time, opening at $1.27;5. A whale prepared $40 million USDC to participate in the PUMP public sale, but ultimately only contributed $5.15 million;6. Airwallex CEO: Traditional banking requires scalable infrastructure, and the company has begun recruiting a stablecoin engineering lead;7. Hong Kong Treasury Secretary: Only a small number of stablecoin licenses will be issued in the first phase, with plans to promote tokenization of assets such as ETFs in the future;8. A trader going long on PUMP has unrealized profits exceeding $1.5 million;9. PUMP pre-market contracts briefly broke through $0.0072, with a 24-hour increase of nearly 24%;10. The EU responded to US tariffs: aiming to reach an agreement before August 1 and will take all necessary measures to safeguard EU interests.
- 05:38A major whale acquires approximately 68,720 HYPE at an average price of $47.4Odaily Planet Daily reported that, according to OnchainLens monitoring, a certain whale deposited 5 million USDC into the Hyperliquid platform and purchased 68,720 HYPE at an average price of $47.40, with a total transaction amount of approximately $3.257 million. The address still holds $1.74 million USDC, which may be used for further purchases.