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Tron price climbed 4.2% to $0.33 while other major altcoins declined, driven by increased stablecoin demand as traders rotated profits into safer assets.
Conflux rallied 28% following its partnership announcement for the AxCNH offshore yuan stablecoin launch in Singapore and Malaysia, driving trading volume up 128% amid bullish technical indicators.
Quick Take South Korea’s central bank has installed a virtual asset division to monitor the crypto market and lead internal discussions on local currency stablecoins. It also renamed its existing digital currency team, likely indicating a more active stance towards digital currency initiatives.
Quick Take Rowland Marcus Andrade, the founder of AML Bitcoin, was sentenced to 84 months in prison today . The court said Andrade misled investors about AML Bitcoin’s technology, business potential, and launch timeline, defrauding them of more than $10 million.
- 21:00USDC Treasury newly mints 250 million USDCAccording to Jinse Finance, Whale Alert monitoring shows that at 03:41 (GMT+8) today, USDC Treasury minted an additional 250,000,000 USDC.
- 20:14All three major U.S. stock indexes closed higher.Jinse Finance reported that all three major U.S. stock indexes closed higher, with the Dow Jones Index up 0.43%, the S&P 500 Index up 0.27%, and the Nasdaq Composite Index up 0.37%. Both the Nasdaq and S&P 500 indexes reached new closing highs. Apple closed down 1.48%.
- 19:41Nvidia launches new chip system to boost AI video and software generationJinse Finance reported that Nvidia announced plans to launch a new product designed to handle complex tasks such as video generation and software development, as the company's chips and systems remain at the core of the artificial intelligence computing boom. Nvidia stated that this product, named Rubin CPX, will be released by the end of 2026. It will come in the form of a card, which can be embedded into existing server computer designs or used in standalone computers capable of running in parallel with other hardware in data centers. The chip manufacturer said that this design is a derivative of the new Rubin product line to be launched next year, enabling certain types of AI workloads to be handled more efficiently.