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The article points out that as expectations rise for the launch of the native token on Coinbase's L2 network Base (expected in Q4 2025), Zora, as a leading application within its ecosystem, has become the focus of market attention. Investors see Zora as a key pathway to gaining potential Base token airdrops, and its recent strong performance and strategic developments have further reinforced these expectations.
BlackRock CEO Larry Fink stated that asset tokenization is the next revolution in financial markets, aiming to bring traditional financial assets into digital wallets. The company manages $13.5 trillion in assets, while the digital wallet market is around $4.1 trillion. BlackRock connects traditional capital markets with crypto investors through tools such as tokenized ETFs; its bitcoin trust IBIT now has more than $100 billion in assets. Summary generated by Mars AI. This summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
- 22:38Cantor Fitzgerald is pushing Tether to raise about $15 billion from investors.Jinse Finance reported that the American financial services company Cantor Fitzgerald is pushing Tether Holdings to raise approximately $15 billion from investors, with a valuation as high as $500 billion, comparable to OpenAI. A year ago, Cantor Fitzgerald purchased convertible bonds worth over $600 million, acquiring a 5% stake in Tether. If Tether achieves its fundraising target, Cantor's stake could be worth $25 billion.
- 22:37Visa: Stablecoins Could Reshape the $40 Trillion Global Credit MarketAccording to a report by Jinse Finance, Visa's latest report shows that stablecoins have facilitated approximately $67 billion in loans over the past five years, with the average loan amount rising from $76,000 to $121,000. USDC and USDT account for 98% of this, which aligns with their market share in the total market capitalization of $307 billion. Visa points out that stablecoins are expected to drive traditional financial institutions to migrate part of the global $40 trillion credit market to blockchain programmable systems, thereby transforming the credit landscape. However, the International Monetary Fund (IMF) warns that the rapid development of stablecoins may lead to increased leverage in the financial system, risk accumulation, and maturity mismatches. The Visa report emphasizes that banks and financial institutions should understand how programmable money is reshaping the credit market in order to seize potential opportunities.
- 22:22The market increases its bets on the Federal Reserve cutting rates three times this year.ChainCatcher news, according to Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 96.3%, and the probability of a 50 basis points cut is 3.7%. The probability of a cumulative 25 basis points rate cut by the Federal Reserve in December is 0%, the probability of a cumulative 50 basis points cut is 85%, the probability of a cumulative 75 basis points cut is 14.6% (yesterday's probability was 0%), and the probability of a cumulative 100 basis points cut is 0.4%.