News

Gelonghui, July 3 — Huaying Group (Nasdaq: AXG)’s regulated stablecoin issuer AX COIN BAHRAIN B.S.C. (Closed) (“AX Coin”) has signed a memorandum of understanding with a leading exchange in the Kingdom of Bahrain’s retail and corporate banking sector. The aim is to explore opportunities to develop regulated stablecoin infrastructure to support institutional payments, treasury operations, and cross-border settlements.This collaboration comes at a time when stablecoins continue to see robust growth in digital finance and the global banking industry. This trend is mainly driven by institutions’ rising demand for faster, more efficient, and lower-cost financial solutions, especially for cross-border payments, treasury management, and digital savings.Recent forecasts indicate that by 2028, up to 1 trillion US dollars may shift from bank deposits in emerging markets into stablecoins, reflecting institutions’ growing interest in such solutions.According to the memorandum, the exchange and AX Coin will assess a range of regulated stablecoin application scenarios in areas such as institutional payments, remittances, and cross-border settlements. The partnership will combine the bank’s mature banking expertise with AX Coin’s approved digital asset infrastructure to explore secure, compliant, and scalable financial solutions for banks, financial institutions, fintech companies, and corporate clients.

BlockBeats News, July 3, The privacy infrastructure project The Interfold will conduct a FOLD token auction via Uniswap CCA. The pre-bid and KYC verification window will be open from July 6 to 7; the auction will start at 22:00 on July 8; the auction will end at 22:00 on July 10, and successful participants can claim the tokens through the Uniswap interface. After the auction, there will be a 40-day cooling-off period for the FOLD tokens, during which they can only be used for Ciphernode staking and cannot be freely transferred. Participants need to complete KYC verification through Predicate. The auction adopts a uniform clearing price mechanism, where bidders can set a maximum FDV and budget, and any excess beyond the clearing price can be withdrawn for re-bidding. The tokens are scheduled to have transfer restrictions lifted around August 19 and complete the TGE.

Golden Ten Data reported on July 3 that a comparison of domestic gold jewelry prices today shows that the price of pure gold jewelry from many domestic brands has rebounded compared to yesterday, generally rising by about 30 yuan per gram, with most quotes ranging between 1,260 and 1,262 yuan per gram.