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- 01:42Aave Labs' stablecoin lending platform Horizon has launched on the Ethereum chainJinse Finance reported that Aave Labs Business Director @defisebs posted on the X platform, announcing that their stablecoin lending platform Horizon has been launched on the Ethereum chain.
- 01:32ETH whale reduced holdings by 4,000 ETH this morning, worth $17.8 millionAccording to Jinse Finance, on-chain analyst Ai Yi (@ai9684xtpa) has monitored that a certain ETH whale reduced their holdings by 4,000 ETH this morning, worth approximately $17.8 million. Since August, this address accumulated 10,807 ETH at an average price of $4,333 (about $46.83 million), and this sale yielded a profit of $476,000. The wallet currently holds 7,732 ETH.
- 01:32Bank of Korea official: Stablecoins require central bank backingChainCatcher News, according to Ledger Insights, at a stablecoin seminar involving both industry and academia, Yoon Seong-gwan, head of the Digital Currency Research Lab at the Bank of Korea, stated that stablecoins are not new currencies, but rather existing currencies tokenized and operated on distributed ledgers. "For stable operation, they will ultimately require the backing of central banks." Recently, several banks in South Korea have formed a stablecoin exploration alliance, resulting in the postponement of the next phase of the central bank's tokenized deposit and wholesale CBDC pilot. The new government plans to introduce stablecoin-related legislation after the election. The initial draft limited the central bank's role in stablecoin regulation, but the current framework has been adjusted. The Bank of Korea has previously expressed reservations about stablecoins on multiple occasions.