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Flash
  • 02:52
    Ethereum spot ETFs saw a net outflow of $787 million last week.
    Jinse Finance reported, according to charts released by Trader T, that the net outflow of funds from Ethereum spot ETFs last week was $787 million; trading volume: $10 billion; the most active trading price this week: $4,298. BlackRock (@BlackRock): fund outflow of $312 million. Fidelity (@Fidelity): fund outflow of $288 million.
  • 02:41
    Frax founder: The competition for USDH issuance rights is not for potential profits, but to seize a massive distribution scenario.
    ChainCatcher reported that Frax founder Sam Kazemian posted on X, stating that for stablecoin issuers and infrastructure companies, the key point of competing to submit Hyperliquid stablecoin USDH issuance proposals is not about profit sharing. The real value lies in achieving interoperability and deep 1:1 integration with Hyperliquid, which is a massive distribution scenario. In fact, all shortlisted proposers (Frax, Paxos, Agora) have already stated their willingness to return 100% of the profits.
  • 02:31
    Chinese fintech companies engage with Venom on blockchain integration
    According to ChainCatcher, as reported by BeInCrypto, a Chinese fintech company is in preliminary talks with Abu Dhabi's Venom Foundation regarding the introduction of the Venom blockchain, which is intended for use in cross-border settlements, green finance, and other scenarios. The transaction structure and timeline have not yet been disclosed. According to TheStreet, these negotiations are interpreted as a signal that China is exploring high-performance blockchain infrastructure within a specific compliance framework, possibly focusing on "acquisition/adoption of technical solutions" rather than equity mergers and acquisitions. Further details are subject to future official disclosures.
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