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The article discusses the credibility crisis of fiat currencies and the potential of cryptocurrencies as an alternative store of value. It analyzes the impact of the U.S. debt problem on the credibility of the U.S. dollar and explores the transformative role of blockchain technology. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Magma Finance officially announced today the launch of its innovative product ALMM (Adaptive Liquidity Market Maker), making it the first Adaptive & Dynamic DEX product on the Sui blockchain. As an improved version of DLMM, ALMM significantly enhances liquidity efficiency and trading experience through discrete price bins and a dynamic fee mechanism, marking a major upgrade to the DeFi infrastructure in the Sui ecosystem.
- 16:23U.S. Secretary of Commerce: Musk misunderstood DOGE's goal—the focus is not on layoffs, but on reducing expensesJinse Finance reported that U.S. Secretary of Commerce, Luttig, stated that Musk misunderstood the objectives of the Department of Government Efficiency (DOGE). He focused on layoffs rather than truly reducing government spending waste.
- 16:10RWA institution Centrifuge has issued some assets on Solana.Jinse Finance reported that leading RWA tokenization institution Centrifuge has launched tokenized assets deJAAA and deJTRSY on Solana. Users can trade them on Raydium, Kamino, and other DEX aggregators.
- 16:10The U.S. Department of Justice seeks to confiscate $500,000 USDT from the private wallet of an Iranian drone supplier.Jinse Finance reported that the Office of the United States Attorney for the District of Massachusetts has filed a civil forfeiture lawsuit seeking to recover approximately $584,700 in Tether (USDT) stablecoins. These tokens belong to an Iranian national who provided technology to the Iranian military. According to the Department of Justice, in January 2024, three U.S. soldiers were killed at a military base in northern Jordan. Subsequent analysis revealed that an Iranian Shahed drone, which used the Sepehr navigation system from SDRA, was responsible for the attack. Abedini is accused of providing material support to a foreign terrorist organization resulting in death, as well as conspiring to procure sensitive U.S. technology for military drones.