RPL Surges Over 25% in 24 Hours, Market Cap Reaches $124 Million
On June 3rd, according to HTX market data, RPL witnessed a surge of more than 25% in the past 24 hours. It is currently trading at $6.28, and its market capitalization has risen to $124 million.
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CITIC Securities: Stablecoin Benefits RWA, Focuses on Digital Currency Settlement Progress
On June 3rd, a research report by CITIC Securities stated that recently both Hong Kong and the United States have made certain progress in the legislative process of stablecoin-related bills. Stablecoins can offer a transaction method with stable value for RWA tokenized assets, enhance market liquidity, and contribute to promoting the RWA issuance projects of Mainland Chinese companies in Hong Kong. Meanwhile, the stablecoin bills are anticipated to indirectly promote the development of digital currency-related payment and settlement interfaces within the Hong Kong financial industry. Financial IT companies with experience in digital currency/digital RMB cross-border settlement and supply chain finance projects are expected to gain benefits. (FX168)
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Tether Bitcoin Reserve Address Moves 14,000 BTC, Worth $1.48 Billion
On June 3rd, as monitored by EmberCN, the Tether Bitcoin reserve address transferred out 14,000 BTC five hours ago, with a value of 1.48 billion US dollars. The purpose of this transfer remains unclear.
The number of BTC held in Tether's on-chain address is currently approximately 98,000 BTC, which is in line with their earlier claim of holding 100,000 BTC in reserve.
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Ethereum Foundation to Downsize Due to Restructuring of Development Team
On June 3rd, the Ethereum Foundation made an announcement regarding a partial staff reduction and a reorganization of its research and development team. The department was renamed "Protocol" in an effort to focus on the core challenges of protocol design. This adjustment was carried out in response to continuous community criticism of the Foundation's management and strategic direction. There are voices that have cautioned that if key technical issues are not addressed, it could pose a threat to Ethereum's position as an industry technology leader.
The Foundation stated that the restructured Protocol team will be centered around three main priorities: scaling the underlying Ethereum network, advancing the blobspace extension within the data availability strategy, and enhancing user experience.
In the announcement, the Foundation mentioned that "some research team members will no longer be continuing in their roles" and encouraged other teams to absorb these talents. The exact number
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Strategy plans to issue 2.5 million shares of STRD stock to be used for Bitcoin accumulation.
On June 3rd, Strategy announced that, provided that market and other conditions are met, the company plans to conduct an initial public offering in accordance with the amended 1933 Securities Act (referred to as the "Securities Act"). It will issue 2.5 million shares of Strategy's 10.00% Series A Perpetual Stride Preferred Stock ("STRD Stock").
Strategy intends to use the net proceeds from this offering for general corporate purposes, such as purchasing Bitcoin and maintaining working capital.
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The TrumpCoin project WLFI sent 10 million USDC to BitGo
On June 3rd, as monitored by OnchainLens, the cryptocurrency project WLFI backed by Trump has transferred 10 million USDC to the address of BitGo. BitGo offers institutional-grade services in digital asset security, custody, and liquidity.
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