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Ripple to launch USD stablecoin that CTO David Schwartz hopes will rival USDT and USDC
Ripple to launch USD stablecoin that CTO David Schwartz hopes will rival USDT and USDC

Ripple said it will launch a USD-pegged stablecoin later this year, which it hopes will serve enterprise clients and payment companies.The stablecoin will be backed by “USD deposits, short-term U.S. government treasuries, and other cash equivalents” with “a third-party accounting firm” performing audits.

The Block·2024/04/04 13:06
VanEck predicts Ethereum Layer 2 tokens will reach $1 trillion valuation by 2030
VanEck predicts Ethereum Layer 2 tokens will reach $1 trillion valuation by 2030

The Ethereum Layer 2 market is expected to reach a base case valuation of $1 trillion by 2030, according to investment firm VanEck.The valuation is based on VanEck’s analysis of transaction costs, developer and user experience, trust assumptions and ecosystem size.However, given the “cutthroat competition,” VanEck analysts remain “generally bearish” on the long-term value prospects for most Layer 2 tokens.

The Block·2024/04/04 12:03
Bitcoin's recent all-time high could mean the halving is priced in, say Coinbase analysts
Bitcoin's recent all-time high could mean the halving is priced in, say Coinbase analysts

The bitcoin halving may already be priced into the market, according to Coinbase analysts.This is a long-running debate that crops up every time the halving takes place.

The Block·2024/04/04 12:03
BCH Soars 10% After Completing Second Halving, BTC Sluggish at $66K (Market Watch)
BCH Soars 10% After Completing Second Halving, BTC Sluggish at $66K (Market Watch)

BCH and BNB are among the few altcoins in the green now.

Cryptopotato·2024/04/04 10:37
Bitcoin futures markets signal ‘prime buying’ opportunity soon
Bitcoin futures markets signal ‘prime buying’ opportunity soon

Record-long positive Bitcoin futures funding rates signal “strong bullish sentiment” which can often precede price corrections, says on-chain analytics firm CryptoQuant.

Cointelegraph·2024/04/04 04:02
Flash
16:01
Trump Threatens New Strike on Iran Today, US Stocks Extend Losses, Gold Plunges 3.54% intraday
BlockBeats News, June 10th, according to Bitget market data, after Trump threatened to take action against Iran again today, the US stock market saw a further decline. The Nasdaq fell by nearly 1.5%, the Dow Jones fell by 1.2%, and the SP 500 Index dropped by 0.94%. Spot gold continued its decline, falling by over $20 in the short term, a daily decline of 3.54%. WTI and Brent crude oil both saw a short-term increase of over $1, with an intraday increase of 2%, now trading at $90.78 per barrel and $92.77 per barrel, respectively.
15:39
trade.xyz has launched perpetual contracts for Western Data (WDC), with up to 10x leverage.
BlockBeats News, June 10th, according to official sources, trade.xyz has launched perpetual contracts for the U.S. stock storage sector stock Western Digital (WDC), with up to 10x leverage.
14:48
Sickle Slashes at Index Fund Investors: S&P Dow Jones Indicates SpaceX Eligible for Fast Inclusion in Some Indexes
BlockBeats News, June 10th. Just as the scythe was swung towards index fund investors and American retirement savings accounts, S&P Dow Jones Indices has just announced that SpaceX is eligible for rapid inclusion in certain indexes. However, compared to other index providers, S&P has already shown some convergence. In addition to S&P Dow Jones Indices, other independent index providers have also adjusted their rules for mega IPOs like SpaceX to be quickly included in their indexes. FTSE Russell recently implemented a new rapid entry mechanism, allowing eligible mega-cap companies (such as SpaceX) to be included in the Russell 1000/2000/3000 and FTSE Global Equity Index Series just 5 trading days after listing, mainly based on market capitalization thresholds. Furthermore, Nasdaq (especially Nasdaq 100) has also introduced new "rapid entry" rules, allowing mega IPOs like SpaceX to be included approximately 15 trading days after listing, forcing ETFs and funds tracking the Nasdaq 100 to buy a large number of shares in the short term. Recently, S&P Dow Jones Indices made minor rule adjustments to some of its broad market indexes, mainly relaxing the requirements for public float. These indexes include the S&P Total Market Index and Dow Jones U.S. Total Stock Market Index. After the adjustment, newly listed companies with low public float but large market capitalization, like SpaceX, can be included shortly after listing without the need to meet the strict 12-month listing and profitability thresholds of the S&P 500. Fortunately, S&P will maintain its existing eligibility requirements for major benchmark indexes like the S&P 500, rejecting the proposal to accelerate the rapid inclusion of mega-cap companies like SpaceX in the benchmark index after listing. There will be no shortening of the current 12-month "seasoning period" for new listings, nor exemptions based on company size from the existing profitability and public float requirements. This means that SpaceX will have to wait at least one year after listing to be included in the S&P 500.
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