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24H Highlights | Market Snapshot
1、Tether and Anchorage Digital have launched USAT, a U.S.-regulated stablecoin, potentially escalating competition in the stablecoin sector.
2、Standard Chartered Research: Accelerating stablecoin adoption could lead to bank deposit outflows in developed economies, with potential losses reaching USD 500 billion by 2028.
3、U.S. Department of Justice:
A Chinese national involved in a USD 37 million crypto fraud money-laundering case was sentenced to 46 months in prison and ordered to pay over USD 26 million in restitution.
4、Prediction markets:
Polymarket prices the probability of a U.S. government shutdown before this Saturday at 79%.
5、U.S. equities:
S&P 500 closed up 0.4%
Nasdaq rose 0.9%
Crypto mining stocks outperformed.
6、
#Base ecosystem:
Despite a surge in token launches, activity continues to diverge.
Daily token issuance has at times exceeded 100,000, while active addresses fell to an 18-month low.
7、
#Moonbirds released its BIRD/BIRB tokenomics and TGE framework, alongside the launch of Nesting 2.0.
8、
#Bitcoin ETF flows:
After five consecutive days of net outflows totaling approximately USD 1.7 billion, flows turned positive with a single-day net inflow of around USD 6.8 million.
9、Safe-haven and liquidity signals:
Gold reportedly reached new highs around USD 5,150–5,160/oz
Arthur Hayes discussed potential liquidity injections driven by pressure on the Japanese yen and JGB market.